DUBLIN–(BUSINESS WIRE)–The “Mozambique Construction Market Size, Trends and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026” report has been added to ResearchAndMarkets.com’s offering.
Mozambique’s construction industry recorded a downturn in the first half of 2021, due to rise in Coronavirus (COVID-19) infections and militant attacks in the gas-rich Cabo Delgado province in March 2021, which weighed on investments in the country’s Liquefied Natural Gas (LNG) projects and hampered development activity in the first half of 2021.
However, the construction industry showed signs of recovery in the second half of 2021, with the government’s measures to safeguard the country, which helped to strengthen investor confidence. According to the Mozambique National Institute of Statistics (INE), the construction industry grew by 0.2% in 2021, compared to a 0.9% decline in 2020.
The construction industry is expected to grow by 4.1% in 2022 and register an annual average growth of 4.9% in real terms during the period of 2023-26, supported by investments on energy, transport and telecommunication infrastructure projects, as part of the Programa Quinquenal Do Governo (the government’s five-year program PQG 2020-2024).
The program focuses on improving the well-being and quality of life of Mozambican families, while reducing social inequalities and poverty. In addition, the vast potential of LNG capacity, coupled with the government’s focus on providing 100% electricity access by 2030, will attract public- and private-sector investments in gas and power infrastructure projects.
With an investment of MZN2.4 billion (US$34.3 million), Globeleq, an African power company and its project partners, Source Energia and Electricidade de Mocambique (EDM), started the construction of the 19MWp (15MWac) Cuamba Solar PV plant and a 2MW (7MWh) energy storage system in Cuamba in June 2021, which is the country’s first IPP (independent power producer) to incorporate a utility scale energy storage technology, as well as an upgrade to the current Cuamba substation.
Scope
Historical (2017-2021) and forecast (2022-2026) valuations of the construction industry in Mozambique, 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 the publisher’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 the publisher’s critical and actionable insight.
Assess business risks, including cost, regulatory and competitive pressures.
Evaluate competitive risk and success factors.
For more information about this report visit https://www.researchandmarkets.com/r/7n8npx
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