Angola's construction market is on a significant growth trajectory, fueled by various factors including government initiatives, foreign investments, and the demand for infrastructure. This article explores the current state of the construction industry in Angola, highlighting major projects, economic impacts, and future prospects.
Key Takeaways
Angola's construction market was valued at $9.7 billion in 2023, with expectations of over 5% growth from 2025 to 2028.
The residential construction sector leads the market, driven by a growing housing demand and government initiatives.
Major infrastructure projects are underway, focusing on transportation, energy, and utilities to improve connectivity and services.
Foreign contractors play a crucial role in the market, bringing expertise and investment to large-scale projects.
Despite challenges like corruption and bureaucratic delays, the government's commitment to infrastructure development remains strong.