Angola Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)

Angola Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)

Summary

GlobalData’s Construction in Angola - Key Trends and Opportunities to 2028 (H2 2024) 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.

GlobalData forecasts that the Angolan construction industry to grow by 1.6% in real terms in 2024, rebounding following a decline of 1.5% in 2023. Growth in the industry in 2024 and into the forecast period will be supported by developments in civil engineering, transportation, and an increase in investments in the renewable energy, oil and gas markets. According to the Instituto Nacional De Estatísticas (INE), the construction industry’s value add grew by 1.3% year on year (YoY) in Q1 2024, this came after a YoY decline of 8.6% in Q4 2023 and a growth of 1.5% in Q3 2023. Growth over the year will also be supported by Public investments with the government increasing the budget allocation for the industry by AOA24.7 trillion ($28.6 billion) representing an increase of 22.9% compared with the 2023 Budget.

Over the remainder of the forecast period, the construction industry’s output is expected to grow at an annual average rate of 5.8% between 2025 and 2028. In June 2024, Namibia’s Ministry of Mines and Energy and Angola’s Ministry of Energy and Water, signed an agreement to develop hydroelectric power plant along Namibia-Angola border with an output capacity of 881MW. The project is expected to be completed by 2031, with an investment of AOA1.1 trillion ($1.3 billion). Similarly, in July 2024, a memorandum of understanding (MoU) was signed between state-based energy company, ProMarks and Government of Angola to install and operate the Southern African power transmission network. The project hopes to erect a 2GW high-voltage direct-current line running through the country.

Scope

This report provides a comprehensive analysis of the construction industry in Angola. It provides -

• Historical (2019-2023) and forecast (2024-2028) 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

Reasons to Buy

• 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.