DUBLIN--(BUSINESS WIRE)--The "Ethiopia Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026" report has been added to ResearchAndMarkets.com's offering.
The pace of growth in Ethiopia's construction industry has slowed from the double-digit rates recorded in the decade or so up to 2019.
The industry has been impacted by the challenges presented by the Coronavirus (COVID-19) pandemic, as well as high government debt, a weakening exchange rate and the ongoing security crisis amid the conflict between the government and rebel Tigray forces. Based on the latest official statistics, which continue to show an expansion in construction output, the publisher estimates growth of just under 10% in 2020 and 6.6% in 2021, but the pace of expansion is predicted to decelerate to 2.4% in real terms in 2022.
Construction output in 2022 will be supported by foreign investment in industrial development, coupled with the start of major industrial, transportation and energy infrastructure projects. According to the Ethiopia Investment Commission (EIC), the country received ETB119.8 billion ($2.43 billion) in Foreign Direct Investment (FDI) in the first nine months of the current Ethiopian financial year (FY) 2021/2022, which runs from July 8, 2021 to July 7, 2022.
In February 2022, the Ministry of Transportation and Logistics announced that it had identified 44 transportation projects to develop with private partnerships in the areas of air transportation, cross-country public transportation and urban mass transportation.
The industry's growth will also be supported by the government's allocation under the FY2021/22 Budget to support economic recovery. In July 2021, the Ethiopian Council of Ministers approved a FY2021/22 Budget of ETB561.7 billion ($11.3 billion), which is 18% higher than the previous budget.
The government allocated ETB183.5 billion ($4.2 billion) to capital expenditure, which marks an increase of 14.5% compared to the previous fiscal year's allocation. Although political, economic and security risks will continue to contribute to an uncertain outlook, the publisher expects the industry to regain momentum and register annual average growth of 8.1% during 2023-26, supported by investment in tourism, roads and industrial park projects.
In August 2021, Ethiopian Electric Power (EEP) announced plans to build 71 power projects by 2030, at a cost of ETB1.7 trillion ($34 billion). Furthermore, in September 2021, the Ministry of Transport and DP World, a multinational logistics company based in Dubai, agreed to invest up to ETB49.9 billion ($1 billion) over the next ten years in developing supply chain infrastructure along the corridor.
Scope
- Historical (2017-2021) and forecast (2022-2026) valuations of the construction industry in the Ethiopian, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
- Identify and evaluate market opportunities using the publisher's standardized valuation and forecasting methodologies.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Understand the latest industry and market trends.
- Formulate and validate strategy using the publisher's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Key Topics Covered:
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 COVID-19 Status
3.5 Risk Profile
4 Construction Outlook
4.1 All Construction
- Outlook
- Latest news and developments
- Construction Projects Momentum Index
4.2 Commercial Construction
- Outlook
- Project analytics
- Latest news and developments
4.3 Industrial Construction
- Outlook
- Project analytics
- Latest news and developments
4.4 Infrastructure Construction
- Outlook
- Project analytics
- Latest news and developments
4.5 Energy and Utilities Construction
- Outlook
- Project analytics
- Latest news and developments
4.6 Institutional Construction
- Outlook
- Project analytics
- Latest news and developments
4.7 Residential Construction
- Outlook
- Project analytics
- Latest news and developments
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/v7nzn3
