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Rapid urbanisation, economic growth and regional integration are encouraging a wave of complex infrastructure projects which are rejuvenating the African construction industry
According to a recent report on by Mordor Intelligence, the African construction market was valued at around US$5.4bn in 2020 and is expected to register a CAGR of 7.4% between 2021 and 2026.
While Covid-19 did hamper development Africa’s construction market is rebounding better than most industries owed, in part, to an abundance of infrastructure projects being undertaken across the continent.
A construction report in the latest issue of African Review charts the construction industries growth, examines some of the most impressive construction projects which are taking shape and records a discussion with Tolga Ural, regional director at Liugong Dressta Machinery, Africa, Middle East, Asia Pacific & Australia as he describes his company’s experience on the continent over the last year.
View the report here.