The “Construction in Angola – Key Trends and Opportunities to 2025 (H2 2021)” report has been added to from ResearchAndMarkets.com offer.

The construction industry in Angola was severely affected in 2020, due to the impact of the coronavirus (COVID-19) pandemic on the progress of construction works, coupled with capital expenditure cuts and a drop in oil prices. According to the Instituto Nacional de Estatistica (INE), the value added of the construction industry fell by 41.4% year-on-year (YoY) in the fourth quarter; preceded by year-over-year declines of 37.1% in Q3 and 37.1% in Q2 2020.

Overall, the construction industry in Angola fell by 25.6% in real terms in 2020, following an annual growth of 5.1% in 2019. The industry’s output value, measured at constant 2017 US dollar exchange rates, increased from US$25.3 billion in 2019 to US$18.8 billion in 2020.

The publisher expects the country’s construction industry to rebound this year, after a difficult 2020 for the industry; the expected improvement in economic conditions, supported by renewed confidence amid the vaccine rollout, will support industry growth. Thus, the construction industry in Angola is expected to grow by 3.6% in real terms in 2021.

Over the rest of the forecast period, the industry is expected to register an average annual growth rate of 7.3% between 2022 and 2025, supported by investments in energy, transport and mining infrastructure projects. The government aims to increase access to electricity from 40% of the population in 2018 to 60% by 2025.

To this end, it plans to produce 800 MW of electricity from renewable energy sources by this year. In addition, the government’s emphasis on the development of new free trade areas (FTZs), to improve the business environment and attract foreign direct investment, is expected to support industry growth during the forecast period.

In December 2020, parliament approved the general state budget for 2021, which focuses on consolidating macroeconomic stability and reviving the economy. The budget includes planned spending of AOA 8.9 trillion ($17.4 billion) in 2021, 20.3 percent higher than the revised 2020 budget, equivalent to AOA 7.4 trillion ( $15.5 billion).

To fight against poverty and strengthen social inclusion, the government has allocated 39.5% of the last budget to social expenditure. In the coming years, the government will focus on improving the corporate sector, partly through a privatization program, with IPOs due to start in 2021.

The government expects to receive revenue of AOA 7.9 trillion ($15.4 billion) in 2021, partly due to a notable increase in tax receipts as the oil sector recovers. The projections are based on an oil price assumption of AOA 20,000 (USD 39 per barrel) this year. Overall, the government expects a budget deficit of 2.2% of GDP in 2021, indicating a lower deficit compared to that of 4% of GDP in 2020.

This report provides detailed market analysis, insights and insights on the construction industry in Angola, including:

  • Angola Construction Industry Growth Prospects by Market, Project Type and Construction Activity

  • A critical overview of the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the construction industry in Angola

  • Analysis of the pipeline of mega-projects, focusing on development stages and participants, in addition to lists of major projects in the pipeline.

Scope

  • Historical (2016-2020) and forecast (2021-2025) assessments of the construction sector in Angola, with details on the main drivers of growth.

  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector

  • Megaproject pipeline analysis, including development stage breakdowns across all sectors, and projected spending for projects in the existing pipeline.

  • Lists of major projects, plus details of major contractors and consultants

Reasons to buy

  • Identify and evaluate market opportunities using the publisher’s standardized valuation and forecasting methodologies.

  • Evaluate market growth potential at the micro level with over 600 time series data forecasts.

  • Understand the latest industry and market trends.

  • Formulate and validate strategy using critical and actionable insights from the publisher.

  • Assess business risks, including costs, regulatory and competitive pressures.

  • Assess competitive risks and success factors.

Main topics covered:

1. Summary

2 Construction industry: at a glance

3 Background

3.1 Economic performance

3.2 Political and political environment

3.3 Demography

3.4 COVID-19 Status

3.5 Risk profile

4 Construction prospects

4.1 All Buildings

  • Outlook

  • Latest news and developments

4.2 Commercial construction

  • Outlook

  • Project analysis

  • Latest news and developments

4.3 Industrial construction

  • Outlook

  • Project analysis

  • Latest news and developments

4.4 Infrastructure construction

  • Outlook

  • Project analysis

  • Latest news and developments

4.5 Energy and utility construction

  • Outlook

  • Project analysis

  • Latest news and developments

4.6 Institution building

  • Outlook

  • Project analysis

  • Latest news and developments

4.7 Residential construction

  • Outlook

  • Project analysis

  • Latest news and developments

5 Key Industry Participants

5.1 Contractors

5.2 Consulting

6 Construction market data

7 Appendix

For more information on this report visit https://www.researchandmarkets.com/r/rthe1u