Cameroon Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026

Cameroon Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026

Summary

GlobalData forecasts that Cameroon’s construction industry will expand by 5.3% in 2022 and record an annual average growth of 6% over the remainder of the forecast period (2024-26), supported by increased oil revenue on the back of rising global crude oil prices. Other factors supporting growth include the government’s policies to increase power capacity by bringing new hydroelectric dams online and restarting the construction of 10,000 housing units in the second quarter of 2022. According to the African Development Bank, the economy will grow by 4.1% in 2022 and 4.3% in 2023, with the budget deficit improving to 1.9% of GDP in 2022 and 1.3% in 2023. In the 2022 Budget, approved in December 2021, the Ministry of Public Works set out a spending plan of CFA527.1 billion ($906.4 million)—a 13.4% increase from the previous budget. The Budget includes CFA468.4 billion ($805.4 million) for investments in public works including roads and bridges, CFA58.6 billion ($100.8 million) for the operating budget, and CFA45 billion ($77.4 million) for the road fund. In addition, CFA21 billion ($36.1 million) is allotted for central management dedicated to the follow-up and completion of various second-generation projects engaged in the health, agriculture, and infrastructure domains.

Over the medium to long term, the construction industry’s growth will be supported by the Stratégie Nationale de Développement 2020-30 (National Development Strategy, known as SND30), unveiled in November 2020, under which the government plans to invest CFA37.5 trillion ($64.5 billion) on flagship plans, programs, and projects until 2030. Of the total, CFA5.9 trillion ($10.1 billion) will be spent on the Energy Plan to upgrade all transmission and distribution networks. Under the Energy Plan, the government plans to boost hydroelectric, solar, thermal, and biomass energy production capacities over the next 10 years. The government plans to increase grid capacity from 1,500MW to 5,000MW by 2030. Some of the major projects that will be executed under this plan include the construction of hydroelectric power plants in Grand Eweng, Katsina-Ala, Kikot, Nachtigal-Upstream, and Mouila-Mogue. Other major investments outlined under SND30 include CFA250 billion ($429.9 million) on the Digital Technology Plan to expand the optical fiber network and build two data centers, among others.

The report provides detailed market analysis, information, and insights into Cameroon’s construction industry, including -

• Cameroon’s 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 Cameroon’s construction industry
• Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope

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

• Historical (2017-2021) and forecast (2022-2026) valuations of the construction industry in Cameroon, 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.