African countries are expected to receive US$362.03bn of investment by 2040, with major promising sectors being constructions of buildings, ports and roads, according to INTERMAT Construction Industry Observatory
The report has studied four African countries including Morocco, Algeria, Ivory Coast and Kenya.
In Algeria, the construction of 1.6mn dwellings is expected between by 2019, together with the construction of the fourth southern bypass around Algiers. In Morocco, and due to extend across North Africa, the construction of a high-speed railway line is to start. It will run for more than 2,000 km from Morocco in the west to Tunisia in the east, and across Algeria.
The study provides construction-equipment manufacturers with strategic data on 12 countries in the EMEA region, handpicked for their planned investment levels in infrastructure, public works and buildings. According to the report, the EMEA region is expected to attract project worth US$1886.80bn in next 30 to 40 years.
As estimated in the observatory study, the six European countries studied in the report, Belgium, France, Germany, Italy, The Netherlands and the UK, are set to receive around US$1090.81bn investment between 2030 and 2050.
The UAE and Qatar plan to invest a total of US$281.84bn by 2033, with two most promising sectors being buildings and roads, according to the report.
With an aim to support the international business for the construction and infrastructure sector, INTERMAT trade show will take place from 23-28 April 2018, at the Paris-Nord Villepinte exhibition centre in France.
Isabelle Alfano, exhibition director, said, “INTERMAT 2018 is the exhibition for the economic recovery and technological innovation in the construction sector. The Europe, Middle East and Africa zone that we cover holds a wealth of opportunities for companies in the sector.”
Comprising four hubs of expertise, Earthmoving and Demolition, Roads, Minerals and Foundations, Buildings and Concrete and Lifting, Handling and Transportation, INTERMAT Paris is further expected to help exhibitors and visitors to meet their current and future challenges.
