Angop - Agência de Notícias Angola Press

Angola ranks second with more construction projects in Southern Region

Thu, 14 Mar 2019 19:07 - Economy

Luanda - Angola was the second country in Southern Africa in 2018 to have the highest number of projects in the construction sector with 15 percent, a ranking led by South Africa with 36 percent, according to one Deloitte study published last Wednesday.

  • Electrical sector one of biggest beneficiaries of investments

The construction sector in the Southern Africa region, which includes Angola, grew from the previous year, with an 11% increase in the number of projects (from 93 to 103) and a 40% increase in the number of projects (from 89.7 to USD 125.4 billion).

Mozambique ranks third with 14%, according to Deloitte's "Africa Construction Trends 2018" study,

Still in this region, the transport sector led the way in terms of number of projects (32%), followed by the real estate sector (25%), although the energy sector is the leader in terms of value (42.4 billion dollars).

Governments, according to the study, continued to be responsible for promoting the majority of projects (70%) and for their funding (30%).