Angola Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027
Summary
GlobalData forecasts that the Angolan construction industry will grow by 2.3% this year, slowing from annual growth of 5.5% in 2022. The slowdown in construction output growth reflects the impact of increased building material prices, a lack of credit availability for property developers, and weaker demand in the housing sector. However, stronger development in civil engineering, transportation developments, and an increase in investment in the renewable energy and oil and gas markets will support activity levels.
The construction industry’s output is expected to grow by 5.6% on annual average between 2024 and 2027, supported by the development of oil and gas, energy, transportation, and industrial projects. The Angolan National Oil and Gas Agency (ANPG) announced in September 2023 that it had launched the tender for the development of 12 oil blocks in the Kwanza and Congo Basins, with an estimated potential of producing two billion and six billion barrels, respectively. In addition, as part of the Energy Sector Efficiency and Expansion Program (ESEEP), the government aims to strengthen Angola's power transmission and distribution system. The program will create an inter-connected national grid supplying north, central, and south Angola with a 60% electricity access rate by 2025. The program involves three components: the construction of a 343km-long, 400kV Central-South transmission line; revenue improvement through the installation of prepaid meters; and program improvement for project design and implementation. The construction industry’s output will also be supported by investment as part of the country's Industrial Development Plan 2021-2025, under which the government aims to attract private investment, increase national production, reduce imports, and create employment in the industrial sector.
The report provides detailed market analysis, information, and insights into the Angolan construction industry, including -
- The Angolan construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Angolan construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
This report provides a comprehensive analysis of the construction industry in Angola. It provides -
- Historical (2018-2022) and forecast (2023-2027) valuations of the construction industry in Angola, 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
- Identify and evaluate market opportunities using GlobalData'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 GlobalData's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
- 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 Risk Profile
- 4 Construction Outlook
- 4.1 All Construction
- Outlook
- Latest news and developments
- 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
- 7.1 What is this Report About?
- 7.2 Definitions
- 7.3 CRI Methodology
- 8 About GlobalData
- 9 Contact Us
- List of Tables
- Table 1: Construction Industry Key Data
- Table 2: Angola, Key Economic Indicators
- Table 3: Angola, Commercial Construction Output by Project Type (Real % Change), 2018–27
- Table 4: Angola, Top Commercial Construction Projects by Value
- Table 5: Angola, Industrial Construction Output by Project Type (Real % Change), 2018–27
- Table 6: Angola, Top Industrial Construction Projects by Value
- Table 7: Angola, Infrastructure Construction Output by Project Type (Real % Change), 2018–27
- Table 8: Angola, Top Infrastructure Construction Projects by Value
- Table 9: Angola, Energy and Utilities Construction Output by Project Type (Real % Change), 2018–27
- Table 10: Angola, Top Energy and Utilities Construction Projects by Value
- Table 11: Angola, Institutional Construction Output by Project Type (Real % Change), 2018–27
- Table 12: Angola, Top Institutional Construction Projects by Value
- Table 13: Angola, Residential Construction Output by Project Type (Real % Change), 2018–27
- Table 14: Angola, Top Residential Construction Projects by Value
- Table 15: Angola, Key Contractors
- Table 16: Angola, Key Consultants
- Table 17: Angola, Construction Output Value (Real, $ Million)
- Table 18: Angola, Construction Output Value (Nominal, AOA Billion)
- Table 19: GlobalData Construction Market Definitions
- Table 20: Risk Dimensions
- Table 21: Ratings, Scores and Definitions
- List of Figures
- Figure 1: Sub-Saharan Africa, Construction Output (Real % Change), 2021–27
- Figure 2: Angola, Construction Output by Sector (Real % Change), 2021–23 and 2024–27
- Figure 3: Angola, Risk Summary
- Figure 4: Angola, Risk Regional Comparison
- Figure 5: Angola, Construction Output Value (Real, $ Million, 2017 Prices and Exchange Rate), 2018–27
- Figure 6: Angola, Construction Output Value, by Sector (Real, $ Million), 2018–27
- Figure 7: Angola, Construction Value Add, Seasonally Adjusted (AOA Million, 2002 Constant Prices)
- Figure 8: Angola, Construction Materials Prices Index (IPMC), 2015=100
- Figure 9: Angola, Economic Sentiment in the Construction Industry
- Figure 10: Angola, Commercial Construction Output by Project Type (Real, $ Million), 2018–27
- Figure 11: Angola, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 12: Angola, Industrial Construction Output by Project Type (Real, $ Million), 2018–27
- Figure 13: Angola, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 14: Angola, Manufacturing Industry Value Add, Seasonally Adjusted (AOA Million, 2002 Constant Prices)
- Figure 15: Angola, Total exports (AOA Billion)
- Figure 16: Angola, Industrial and Manufacturing Production Index
- Figure 17: Angola, Mining Production Index, % Change YoY
- Figure 18: Angola, Revenue Generated from Diamonds (in $ Million)
- Figure 19: Angola, Infrastructure Construction Output by Project Type (Real, $ Million), 2018–27
- Figure 20: Angola, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 21: Angola, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2018–27
- Figure 22: Angola, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 23: Angola, Oil Extraction and Refining Sector Value Add, Seasonally Adjusted (AOA Million, 2002 Constant Prices)
- Figure 24: Angola, Electricity and Water Sector Value Add, Seasonally Adjusted (AOA Million, 2002 Constant Prices)
- Figure 25: Angola, Crude Oil Exports (in Million Bbls) and Average Price (in $/Bbl)
- Figure 26: Angola, Crude Oil tax revenues, in AOA Billion
- Figure 27: Angola, Crude Oil Production, in Thousand Barrels Per Day (tb/d)
- Figure 28: Angola, Institutional Construction Output by Project Type (Real, $ Million), 2018–27
- Figure 29: Angola, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 30: Angola, Public Administration and Defense Sector Value Add (AOA Million, 2007 Constant Prices)
- Figure 31: Angola, Residential Construction Output by Project Type (Real, $ Million), 2018–27
- Figure 32: Angola, Residential Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 33: Angola, Real Estate and Rental Services Value Add, Seasonally Adjusted (AOA Million, 2002 Constant Prices)
- Figure 34: Angola, Headquarters of Key Contractors (% of Total Project Pipeline)
- Figure 35: Angola, Headquarters of Key Consultants (% of Total Project Pipeline)
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