The North African construction sector has seen significant growth over the last 5 years and offers interesting opportunities for all players in the industry.
A number of new projects to be carried out in Tobruk, Tripoli, Benghazi, Sirte and Sebha, has been approved to start the reconstruction of the Country.
The Moroccan construction industry is expected to grow between 2016 and 2020, driven mainly by investments in infrastructure, energy and new residential housing projects.
The Tunisian economy is expected to grow by 2.4% in 2017 (+1.6% in 2016) and to see steady improvement over following years to reach an annual growth rate of 4.5% by 2020. In particular, a number of large projects are under way in the construction sector, most notably the Tunis Financial Harbour, on which work began in late November 2016.
Egypt closed fiscal 2015/2016 with GDP growth of between 3.6% and 4.0% in real terms. In the 30 months between April 2014 and October 2016, the Egyptian government made real estate investments valued at 43 billion Egyptian pounds (2.5 billion euros), compared to the 30 billion pounds invested in the last 20 years.
In January the International Monetary Fund (IMF) confirmed its growth forecasts for Algeria for the two-year period 2016- 2017 and predicted a fresh acceleration in 2021. The country’s GDP grew by 3.6% in 2016 and further 2.9% growth is forecast in 2017 (+3.4% in 2021).
The new subsidiary of the German company will become a key partner for Algerian producers by providing technical support and maintenance for plants installed across the country.
The Imola-based group will be showcasing its latest cutting-edge brick and tile production technology at construction fair due to open its doors on 3 May in Algiers
Algeria is enjoying a period of relative stability. According to World Bank estimates, real GDP grew by 3% in 2014 compared to 2.8% in 2013, while further 3.3% growth is expected this year followed by 3.5% per year in 2016-2017.
In 2014 the country saw a recovery in private consumption (+4.9% in the third quarter of 2014) and in public spending (+8.8%), as well as fresh growth in exports (+15%), while GDP marked up 6.8% growth in the third quarter compared to the 2.1% average for 2013.
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