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

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    Report

  • 45 Pages
  • September 2024
  • Region: Angola
  • GlobalData
  • ID: 5742650

The 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.
The analyst 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 the analyst'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 analyst's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.

Table of Contents

1 Executive Summary2 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
  • About the Analyst
  • Contact the Publisher
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), 2019-28
Table 4: Angola, Top Commercial Construction Projects by Value
Table 5: Angola, Industrial Construction Output by Project Type (Real % Change), 2019-28
Table 6: Angola, Top Industrial Construction Projects by Value
Table 7: Angola, Infrastructure Construction Output by Project Type (Real % Change), 2019-28
Table 8: Angola, Top Infrastructure Construction Projects by Value
Table 9: Angola, Energy and Utilities Construction Output by Project Type (Real % Change), 2019-28
Table 10: Angola, Top Energy and Utilities Construction Projects by Value
Table 11: Angola, Institutional Construction Output by Project Type (Real % Change), 2019-28
Table 12: Angola, Top Institutional Construction Projects by Value
Table 13: Angola, Residential Construction Output by Project Type (Real % Change), 2019-28
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: the analyst 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), 2022-28
Figure 2: Angola, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
Figure 3: Angola, Risk Summary
Figure 4: Angola, Risk Regional Comparison
Figure 5: Angola, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
Figure 6: Angola, Construction Output Value, by Sector (Real, $ Million), 2019-28
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), 2019-28
Figure 11: Angola, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 12: Angola, Wholesale Price Index (2014=100)
Figure 13: Angola, Industrial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 14: Angola, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 15: Angola, Manufacturing Industry Value Add, Seasonally Adjusted (AOA Million, 2002 Constant Prices)
Figure 16: Angola, Total exports (AOA Billion)
Figure 17: Angola, Industrial and Manufacturing Production Index
Figure 18: Angola, Mining Production Index, % Change YoY
Figure 19: Angola, Infrastructure Construction Output by Project Type (Real, $ Million), 2019-28
Figure 20: Angola, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 21: Angola, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019-28
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, Institutional Construction Output by Project Type (Real, $ Million), 2019-28
Figure 28: Angola, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 29: Angola, Public Administration and Defense Sector Value Add (AOA Million, 2007 Constant Prices)
Figure 30: Angola, Residential Construction Output by Project Type (Real, $ Million), 2019-28
Figure 31: Angola, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 32: Angola, Hedonic Property Price Index
Figure 33: Angola, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 34: Angola, Headquarters of Key Consultants (% of Total Project Pipeline)