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    Global Agrifood Systems Require $1.1 Trillion Annually to Achieve Sustainability Goals by 2030

    Global Agrifood Systems Require $1.1 Trillion Annually to Achieve Sustainability Goals by 2030

    FAO Report Highlights Severe Agricultural Land Degradation Across the Arab Region

    FAO Report Highlights Severe Agricultural Land Degradation Across the Arab Region

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    Oman: Over 250 Model Farms Drive Fruit Production Growth in Dhahirah

    Africa: From Food Importer to Global Powerhouse

    Africa: From Food Importer to Global Powerhouse

    Oman Eyes Boost in Grape Production Through Smart Farming and Model Farms

    Oman Eyes Boost in Grape Production Through Smart Farming and Model Farms

    Oman Launches Integrated Agriculture Hub in Dhofar’s Najd Region

    Oman Launches Integrated Agriculture Hub in Dhofar’s Najd Region

    Citrus and Potatoes Lead Egypt’s H1 Agricultural Exports, Reaching 5.2 Million Tonnes

    Citrus and Potatoes Lead Egypt’s H1 Agricultural Exports, Reaching 5.2 Million Tonnes

    Food Tech Market Set to Reach $224.31B by 2032, Powered by Smart Kitchens and Sustainable Innovation

    Food Tech Market Set to Reach $224.31B by 2032, Powered by Smart Kitchens and Sustainable Innovation

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    GCC Drone Market to Surpass USD 2 Billion by 2033, Driven by Tech Innovation and Industry Demand

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      Oman’s GDP Expands 4.7% on Non-Oil Sector Growth

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      Qatar’s Booming Consumer Electronics Market Sets the Stage for ConsumerTeQ 2025

      Middle East Gaming Market to Surpass $42 Billion by 2033, Driven by Youth Demand and Mobile Adoption

      Middle East Gaming Market to Surpass $42 Billion by 2033, Driven by Youth Demand and Mobile Adoption

      Emerging Trends Reshape GCC’s Rapidly Growing Retail Sector

      Emerging Trends Reshape GCC’s Rapidly Growing Retail Sector

      Consumer Electronics Boom Continues Across GCC, Middle East

      Consumer Electronics Boom Continues Across GCC, Middle East

      Qatar’s Consumer Electronics Market Set for Steady Growth Driven by Premium Demand and Digital Transformation

      Qatar’s Consumer Electronics Market Set for Steady Growth Driven by Premium Demand and Digital Transformation

      Oman Signs $520 Million Salt Mining Deal as Part of Mining Sector Expansion

      Oman Signs $520 Million Salt Mining Deal as Part of Mining Sector Expansion

      Oman’s Manufacturing Sector Adds $10 Billion to the National Economy

      Oman’s Manufacturing Sector Adds $10 Billion to the National Economy

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      Oman Advances Vision 2040 with 95% of Strategic Programs Underway

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        Turkey Set to Gain $50 Billion from Major Iraqi Infrastructure Project

        Turkey Set to Gain $50 Billion from Major Iraqi Infrastructure Project

        Major Road Infrastructure Upgrades Underway in Oman’s Dhofar Governorate

        Major Road Infrastructure Upgrades Underway in Oman’s Dhofar Governorate

        Oman Awards Over $600 Million in Contracts for Tourism Expansion

        Oman Awards Over $600 Million in Contracts for Tourism Expansion

        Baghdad Metro Project Moves Forward Under New Implementation Strategy

        Baghdad Metro Project Moves Forward Under New Implementation Strategy

        Financing a Greener Environment: How Sustainable Finance is Reshaping the Future

        Financing a Greener Environment: How Sustainable Finance is Reshaping the Future

        Deal Signed to Build Bahla Cultural Center Facility in Oman

        Deal Signed to Build Bahla Cultural Center Facility in Oman

        Lebanon’s Cement Deliveries Surge 57% in Q1 2025, Signaling Construction Growth

        Lebanon’s Cement Deliveries Surge 57% in Q1 2025, Signaling Construction Growth

        Iraq Approves 5,000-Unit Housing Project in Basra

        Iraq Approves 5,000-Unit Housing Project in Basra

        AIIB and Arab Fund Establish Partnership to Promote Sustainable Infrastructure

        AIIB and Arab Fund Establish Partnership to Promote Sustainable Infrastructure

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          Lebanon Moves to Build New Gas Power Plants as Part of Reform Program

          Lebanon Moves to Build New Gas Power Plants as Part of Reform Program

          Turkish Firm ENKA Secures $289M Contract to Upgrade Power Plant in Iraq’s Sulaymaniyah

          Turkish Firm ENKA Secures $289M Contract to Upgrade Power Plant in Iraq’s Sulaymaniyah

          Oman Seeks Bids for Two Major Substation Projects

          Oman Seeks Bids for Two Major Substation Projects

          Iraq Set to Launch First Nuclear Training Reactor in Partnership with China

          Iraq Set to Launch First Nuclear Training Reactor in Partnership with China

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          Qatar 2025: From Energy Powerhouse to Innovation Leader

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          Iraq Aims for 12 GW of Renewable Energy by 2030

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          Iraq Launches Ambitious Plan for 1,000 Solar Projects in Three Years

          Iraq and Power China International Sign Deal to Strengthen National Power Grid

          Iraq and Power China International Sign Deal to Strengthen National Power Grid

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          Qatar Adds 875 MW in Solar Power, Boosts Renewable Energy Push

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            Middle East Pharma Market Set to Reach $36 Billion by 2028 as GCC Drives Innovation and Local Production

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            Qatar Medicare 2025 Returns to Doha as the Premier International Healthcare Platform

            Qatar’s Health Spending Set to Climb 14% by 2029

            Qatar’s Health Spending Set to Climb 14% by 2029

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            Qatar Precision Health Institute and Qatar Foundation’s Pre-University Education Expand Collaboration to Inspire Future Scientists

            Qatar and the UK Explore Deeper Cooperation in Healthcare

            Qatar and the UK Explore Deeper Cooperation in Healthcare

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            The View Hospital Becomes Qatar’s First Private Facility with a Dedicated Dialysis Unit

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            Qatar’s Ambulance System Sets Global Benchmark with Cutting-Edge Pre-Hospital Care

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            Sidra Medicine Pioneers Holistic, Culturally Sensitive Fertility Care in Qatar

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            Hamad Medical Corporation Receives Global Recognition with JCI Accreditation

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              Oman Awards Over $600 Million in Contracts for Tourism Expansion

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              Qatar Expands Role as a Leading Global Tourism Destination

              Saudi Arabia Welcomes Record 116 Million Tourists in 2024, Spending Reaches $76 Billion

              Saudi Arabia Welcomes Record 116 Million Tourists in 2024, Spending Reaches $76 Billion

              Oman Secures $6.7 Billion in Tourism Investments Toward $7.8 Billion Goal by 2025

              Oman Secures $6.7 Billion in Tourism Investments Toward $7.8 Billion Goal by 2025

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              Oman Unveils 3-Kilometer Tourist Walkway in Nakhal: A Transformative Step for Local Tourism

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              Middle East’s Schengen Style GCC Tourist Visa Approved, to be Rolled Out ‘Soon’

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              Oman’s Hotel Sector Sees Strong Growth in Revenues and International Guests

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              Middle East Tourism Spending Set to Reach $350 Billion by 2030, Driven by Luxury, Sports, and Business Travel Boom

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              Qatar’s Evolving Culinary Landscape Gains Global Attention as a Tourism Driver

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                Middle East Pharma Market Set to Reach $36 Billion by 2028 as GCC Drives Innovation and Local Production

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                Oman’s Manufacturing Sector Adds $10 Billion to the National Economy

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                Abu Dhabi’s Aldar Targets 87% Construction Waste Recycling In 2025 Sustainability Push

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                Qatar Strengthens Circular Economy with Expansion of Recycling Facilities

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                Food Tech Market Set to Reach $224.31B by 2032, Powered by Smart Kitchens and Sustainable Innovation

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                Packaging Becomes Lifeline for Struggling Print Industry

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                MENA’s Coated Printing and Writing Paper Market Forecast to Grow 1.6% Annually Through 2035

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                Oman Recycles 2.4 Million Tonnes of Construction Waste in 2024

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                Printed Packaging Labels & Release Liners Set for Strong Global Growth

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                  Dubai Launches Region’s First PropTech Hub to Back 200 Startups by 2030

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                  Qatar’s Booming Consumer Electronics Market Sets the Stage for ConsumerTeQ 2025

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                  Consumer Electronics Boom Continues Across GCC, Middle East

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                  Qatar’s Consumer Electronics Market Set for Steady Growth Driven by Premium Demand and Digital Transformation

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                  Saudi Arabia’s ICT Spending Tops $10 Billion: Key Trends and What’s Ahead

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                  GCC Drone Market to Surpass USD 2 Billion by 2033, Driven by Tech Innovation and Industry Demand

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                  Qatar’s Thriving Tech Sector Boosts GDP and Attracts Global Talent

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                    Turkey Set to Gain $50 Billion from Major Iraqi Infrastructure Project

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                    Major Road Infrastructure Upgrades Underway in Oman’s Dhofar Governorate

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                    Baghdad Metro Project Moves Forward Under New Implementation Strategy

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                    Iraq Launches New US$930 Million Railway Project to Strengthen Connectivity and Drive Economic Growth

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                    Iraq Pushes Ahead with Full Infrastructure Rollout for New Al-Sadr City

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                    GCC Drone Market to Surpass USD 2 Billion by 2033, Driven by Tech Innovation and Industry Demand

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                    Saudi Arabia Unveils $7 Billion Cross-Kingdom Rail Corridor

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                    Riyadh Unveils Final Master Plan for Expo 2030

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                    Qatar’s Infrastructure Sector Set for Robust Growth and Investment Opportunities

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                      Global Agrifood Systems Require $1.1 Trillion Annually to Achieve Sustainability Goals by 2030

                      Global Agrifood Systems Require $1.1 Trillion Annually to Achieve Sustainability Goals by 2030

                      FAO Report Highlights Severe Agricultural Land Degradation Across the Arab Region

                      FAO Report Highlights Severe Agricultural Land Degradation Across the Arab Region

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                      Oman: Over 250 Model Farms Drive Fruit Production Growth in Dhahirah

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                      Africa: From Food Importer to Global Powerhouse

                      Oman Eyes Boost in Grape Production Through Smart Farming and Model Farms

                      Oman Eyes Boost in Grape Production Through Smart Farming and Model Farms

                      Oman Launches Integrated Agriculture Hub in Dhofar’s Najd Region

                      Oman Launches Integrated Agriculture Hub in Dhofar’s Najd Region

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                      Citrus and Potatoes Lead Egypt’s H1 Agricultural Exports, Reaching 5.2 Million Tonnes

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                      Food Tech Market Set to Reach $224.31B by 2032, Powered by Smart Kitchens and Sustainable Innovation

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                      GCC Drone Market to Surpass USD 2 Billion by 2033, Driven by Tech Innovation and Industry Demand

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                        Oman’s GDP Expands 4.7% on Non-Oil Sector Growth

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                        Qatar’s Booming Consumer Electronics Market Sets the Stage for ConsumerTeQ 2025

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                        Middle East Gaming Market to Surpass $42 Billion by 2033, Driven by Youth Demand and Mobile Adoption

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                        Emerging Trends Reshape GCC’s Rapidly Growing Retail Sector

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                        Consumer Electronics Boom Continues Across GCC, Middle East

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                        Qatar’s Consumer Electronics Market Set for Steady Growth Driven by Premium Demand and Digital Transformation

                        Oman Signs $520 Million Salt Mining Deal as Part of Mining Sector Expansion

                        Oman Signs $520 Million Salt Mining Deal as Part of Mining Sector Expansion

                        Oman’s Manufacturing Sector Adds $10 Billion to the National Economy

                        Oman’s Manufacturing Sector Adds $10 Billion to the National Economy

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                        Oman Advances Vision 2040 with 95% of Strategic Programs Underway

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                          Turkey Set to Gain $50 Billion from Major Iraqi Infrastructure Project

                          Major Road Infrastructure Upgrades Underway in Oman’s Dhofar Governorate

                          Major Road Infrastructure Upgrades Underway in Oman’s Dhofar Governorate

                          Oman Awards Over $600 Million in Contracts for Tourism Expansion

                          Oman Awards Over $600 Million in Contracts for Tourism Expansion

                          Baghdad Metro Project Moves Forward Under New Implementation Strategy

                          Baghdad Metro Project Moves Forward Under New Implementation Strategy

                          Financing a Greener Environment: How Sustainable Finance is Reshaping the Future

                          Financing a Greener Environment: How Sustainable Finance is Reshaping the Future

                          Deal Signed to Build Bahla Cultural Center Facility in Oman

                          Deal Signed to Build Bahla Cultural Center Facility in Oman

                          Lebanon’s Cement Deliveries Surge 57% in Q1 2025, Signaling Construction Growth

                          Lebanon’s Cement Deliveries Surge 57% in Q1 2025, Signaling Construction Growth

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                          Iraq Approves 5,000-Unit Housing Project in Basra

                          AIIB and Arab Fund Establish Partnership to Promote Sustainable Infrastructure

                          AIIB and Arab Fund Establish Partnership to Promote Sustainable Infrastructure

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                            Lebanon Moves to Build New Gas Power Plants as Part of Reform Program

                            Lebanon Moves to Build New Gas Power Plants as Part of Reform Program

                            Turkish Firm ENKA Secures $289M Contract to Upgrade Power Plant in Iraq’s Sulaymaniyah

                            Turkish Firm ENKA Secures $289M Contract to Upgrade Power Plant in Iraq’s Sulaymaniyah

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                            Oman Seeks Bids for Two Major Substation Projects

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                            Iraq Set to Launch First Nuclear Training Reactor in Partnership with China

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                            Qatar 2025: From Energy Powerhouse to Innovation Leader

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                            Iraq Aims for 12 GW of Renewable Energy by 2030

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                            Iraq Launches Ambitious Plan for 1,000 Solar Projects in Three Years

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                            Iraq and Power China International Sign Deal to Strengthen National Power Grid

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                            Qatar Adds 875 MW in Solar Power, Boosts Renewable Energy Push

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                              Middle East Pharma Market Set to Reach $36 Billion by 2028 as GCC Drives Innovation and Local Production

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                              Qatar Medicare 2025 Returns to Doha as the Premier International Healthcare Platform

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                              Qatar’s Health Spending Set to Climb 14% by 2029

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                              Qatar Precision Health Institute and Qatar Foundation’s Pre-University Education Expand Collaboration to Inspire Future Scientists

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                              Qatar and the UK Explore Deeper Cooperation in Healthcare

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                              The View Hospital Becomes Qatar’s First Private Facility with a Dedicated Dialysis Unit

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                              Qatar’s Ambulance System Sets Global Benchmark with Cutting-Edge Pre-Hospital Care

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                              Sidra Medicine Pioneers Holistic, Culturally Sensitive Fertility Care in Qatar

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                              Hamad Medical Corporation Receives Global Recognition with JCI Accreditation

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                                Oman Awards Over $600 Million in Contracts for Tourism Expansion

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                                Qatar Expands Role as a Leading Global Tourism Destination

                                Saudi Arabia Welcomes Record 116 Million Tourists in 2024, Spending Reaches $76 Billion

                                Saudi Arabia Welcomes Record 116 Million Tourists in 2024, Spending Reaches $76 Billion

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                                Oman Secures $6.7 Billion in Tourism Investments Toward $7.8 Billion Goal by 2025

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                                Oman Unveils 3-Kilometer Tourist Walkway in Nakhal: A Transformative Step for Local Tourism

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                                Middle East’s Schengen Style GCC Tourist Visa Approved, to be Rolled Out ‘Soon’

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                                Oman’s Hotel Sector Sees Strong Growth in Revenues and International Guests

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                                Middle East Tourism Spending Set to Reach $350 Billion by 2030, Driven by Luxury, Sports, and Business Travel Boom

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                                Qatar’s Evolving Culinary Landscape Gains Global Attention as a Tourism Driver

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                                  Middle East Pharma Market Set to Reach $36 Billion by 2028 as GCC Drives Innovation and Local Production

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                                  Oman’s Manufacturing Sector Adds $10 Billion to the National Economy

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                                  Abu Dhabi’s Aldar Targets 87% Construction Waste Recycling In 2025 Sustainability Push

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                                  Qatar Strengthens Circular Economy with Expansion of Recycling Facilities

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                                  Food Tech Market Set to Reach $224.31B by 2032, Powered by Smart Kitchens and Sustainable Innovation

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                                  Packaging Becomes Lifeline for Struggling Print Industry

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                                  MENA’s Coated Printing and Writing Paper Market Forecast to Grow 1.6% Annually Through 2035

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                                  Oman Recycles 2.4 Million Tonnes of Construction Waste in 2024

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                                  Printed Packaging Labels & Release Liners Set for Strong Global Growth

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                                    Dubai Launches Region’s First PropTech Hub to Back 200 Startups by 2030

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                                    Qatar’s Booming Consumer Electronics Market Sets the Stage for ConsumerTeQ 2025

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                                    Consumer Electronics Boom Continues Across GCC, Middle East

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                                    Qatar’s Consumer Electronics Market Set for Steady Growth Driven by Premium Demand and Digital Transformation

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                                    The Top 10 Emerging Technologies for 2025

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                                    Saudi Arabia’s ICT Spending Tops $10 Billion: Key Trends and What’s Ahead

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                                    GCC Drone Market to Surpass USD 2 Billion by 2033, Driven by Tech Innovation and Industry Demand

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                                    Empowering Oman’s Future: Turning AI Vision into Practical Impact

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                                    Qatar’s Thriving Tech Sector Boosts GDP and Attracts Global Talent

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                                      Turkey Set to Gain $50 Billion from Major Iraqi Infrastructure Project

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                                      Major Road Infrastructure Upgrades Underway in Oman’s Dhofar Governorate

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                                      Baghdad Metro Project Moves Forward Under New Implementation Strategy

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                                      Iraq Launches New US$930 Million Railway Project to Strengthen Connectivity and Drive Economic Growth

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                                      Iraq Pushes Ahead with Full Infrastructure Rollout for New Al-Sadr City

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                                      GCC Drone Market to Surpass USD 2 Billion by 2033, Driven by Tech Innovation and Industry Demand

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                                      Saudi Arabia Unveils $7 Billion Cross-Kingdom Rail Corridor

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                                      Riyadh Unveils Final Master Plan for Expo 2030

                                      Qatar’s Infrastructure Sector Set for Robust Growth and Investment Opportunities

                                      Qatar’s Infrastructure Sector Set for Robust Growth and Investment Opportunities

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                                      Home Transport & Logistics Infrastructure

                                      North African construction equipment market on the rise

                                      Meconstructionnews

                                      December 23, 2015
                                      in Infrastructure
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                                      The effect of geopolitical events on the construction machinery market in North Africa should not be underestimated, says David Semple, VP of sales for the Middle East and English- speaking Africa at Manitowoc. “Recent regional events have significantly impacted our sales, and we are coming out of three to four years of low sales volumes in this region.”

                                      The infrastructure story in North Africa remains a world apart from the dynamics of other African regions, according to Deloitte’s ‘African Construction Trends Report 2014’. Attributable to the recent, and in some cases ongoing political challenges in the region, investor confidence varies, the report claims. However, North Africa is rebounding, EY claims, noting that political uncertainty is fading, and North Africa is becoming increasingly attractive as an investment destination. On the whole, the African economy is expected to grow by 5.7% in 2015, yet North Africa currently accounts for only 3% of total infrastructure projects on the continent by number of projects, as per Deloitte’s research.

                                      “The period between 2011 and 2014 has been highly unstable and not conducive to any private or public investments,” Semple says. He added that Manitowoc did fulfil a small number of orders for cranes to Egyptian state companies – mainly in the oil and gas sector – during that time period, but not the volume that a market like Egypt is capable of absorbing.

                                      Despite the low percentage of total infrastructure projects in North Africa, the project value totals $9 billion, showing an increase from $7 billion in 2013, indicating that demand is returning to the region.

                                      Speaking on the level of demand in the North Africa region, specifically for construction machinery, Dawei He, director of the sales division (in the Middle East, Africa and Asia Pacific) at Dressta, comments: “The demand in this region remains comparably higher, supported by rich local resources and energy, and less-modernized civil structures.” Dawei also says Dressta is suffering a drop at the moment due to sharply decreasing oil and gas prices, but the company is seeing some positive trends, including reforming and opening policies, appropriate policies adopted for foreign investment and international cooperation, and growing demand for facility improvement. He adds that the leading markets at present for Dressta’s construction equipment are Algeria, Libya and Ethiopia.

                                      Discussing the growth in the Egyptian construction market, Semple, says: “Construction activity and infrastructure development is growing, and there is a strong political desire to support the economy by the current president, Abdel Fattah el-Sisi.”

                                      Speaking specifically of the construction of the New Suez Canal project, he says: “El-Sisi has set the stage with the expansion of the Suez Canal project, which was carried out by dozens of companies working in parallel, allowing this project to progress at a record pace.

                                      “The extravagant grand opening of this new waterway… demonstrates how El-Sisi intends to rescue the economy by putting Egypt back on the geopolitical and economic Middle Eastern map. While the other projects under discussion [Cairo, metro, desalination plant] might seem less iconic or symbolic… they will for sure be generating significant new construction machinery and equipment enquiries.”

                                      On geopolitical tensions and the potential for a healthy construction sector in the future, Dawei says: “Only a stable social and reforming environment can guarantee the market growth and sales consistency, unrest will continue to block the projects and sales leads.”

                                      EY’s research into the African economy discovered that an unstable political environment is most commonly cited of as the top perceived barrier to investment in Africa. In light of the easing political tension in the region, the geopolitical trends influencing sales are a key topic in the market. This view point is developed in research conducted by KPMG in the construction sector in Africa, which identifies that from a political perspective, infrastructure and construction investors require a stable political environment, given the long-term nature of such investments.

                                      Yong Yue, sales director at LiuGong Middle East, says: “The level of demand in this market for construction machinery is quite strong in this area, however the demand has dropped due to the unstable political issues in last couple of years.” He also adds that in his opinion, future health and prosperity in the sector will require “years to make a full recovery”.

                                      While geopolitical tensions and weak economic growth led to a 3.1% decline in FDI projects worldwide in 2014, and 8.4% in Africa in 2014, African investments still remained well above pre-2008 levels, according to EY’s analysts.

                                      In terms of future major announcements in North African construction projects, Dawei says that some projects remained “pending or delayed due to lack further financing”, citing uncertainty as having caused additional setbacks.

                                      Deloitte agreed that there was a marked withdrawal by Foreign Institutions and African DFIs in project funding, possibly due to the volatile security and political situation in parts of the region.

                                      Enrico Angiolini, sales director for South Europe at Manitowoc, discusses the impact this has had on sales. Commenting specifically on the current state of the Libyan crane market, Angiolini says: “The civil war has had a detrimental impact on sales, which came to a virtual standstill during the war, and we do not foresee activity levels resuming until the country reaches a certain level of political stability.”

                                      Concentrating on the future of the construction industry, Angiolini says, “We have not seen any sign of a construction industry pick-up. Foreign contractors from Europe, Turkey, the Middle East and China have been managing most of the major projects in Libya in recent years, and they have mostly now left the country. There is little hope of them returning any time soon.”

                                      However, in addressing the positive growth and demand in the Algerian market, Orlando Mota, sales director for the Mediterranean, Iberia, Israel, Angola & French-speaking Africa at Manitowoc, says: “Algeria is one of the most active markets in Africa today, with several new projects planned as the Algerian government undertakes massive investment plans for oil and gas infrastructures.”

                                      Due to current oil prices, spending has slowed down, he says. “Considering that oil and gas accounts for nearly all of Algeria’s export value, spending is slower at the moment. On the other hand, China is continuing to expand its influence in the region, especially in Algeria. A number of projects have been given to Chinese contractors and these are helping Algeria continue its momentum of growth."

                                      “As we continue to see a slowdown in oil prices, and with China’s increasing market presence, we trust that Algeria will remain an active market but at levels that are a bit below previous levels.”

                                      Commenting on the situation in Morocco, he said: “Morocco is slightly different, as the economy was deeply affected by the European recession in 2009, and has failed to recover properly.”

                                      But on a more positive note, Mota explained how that Mohammed VI, King of Morocco, announced several new infrastructure projects at the end of last year.  “Over the last few months, we have seen a gradual increase in residential construction, which has revitalized the market,” Mota says.

                                      “As far as Tunisia is concerned, the construction market remains stagnant, with the economy relying heavily on the tourism industry, which dropped in recent years. The construction industry has suffered a slowdown. Tunisia and Morocco are the two countries that have been most affected by the recent geopolitical trends. However, we do predict that Algeria may also encounter problems in the future.”

                                      Foreign investment in Africa
                                      The economic boom in the Middle East region has resulted in Arab investors spreading their investments to north and sub-Saharan Africa in search of the returns that are becoming increasingly difficult to find in saturated Western markets, according to Business Guide Africa. Consequently, there have been many joint ventures, mergers, acquisitions and reverse takeovers in African nations, backed by capital surpluses in the Gulf.

                                      According to the White House website, the US government has launched programs to facilitate trade and investment in Africa, most notably President Barack Obama’s 2013 Trade Africa initiative, aimed at expanding US-Africa trade and investment. The US’ American Doing Business in Africa campaign is backed by $7 billion of funding.

                                      However, European investors continue to launch the largest number of direct investment projects in Africa. European nations, led by the UK, remain keen investors overall, though British companies eased back last year, Deloitte research claims. The European Union (EU) is currently looking to promote growth in Africa by negotiating economic partnership agreements (EPAs) with regional blocs in the continent. Three of these EPAs are intended to create duty-free and quota-free access for African goods to the EU market.

                                      African megaprojects
                                      Investment in African megaprojects jumped 46% to $326 billion in 2014. This growth was led by heavy investment in transport, energy and power, according to the third annual Deloitte African Construction Trends Report. The report identifies Africa's rapidly growing middle class as driving demand for sustainable social infrastructure, claiming that Africa is en route to a brighter future and overall will see the opportunities surpassing the challenges facing the continent. Of the construction projects mentioned, 143 were led by the public sector; a further 88 were private-sector initiatives and 26 were classified as public private partnerships (PPPs). Energy and power accounted for 37% of the mega projects undertaken during 2014, followed by transport (34%), mining (9%), property (6%), water (5%), oil and gas (4%), mixed- use facilities (2%) and health care (1%).

                                      Africa's infrastructural development is being propelled by increased output in the natural resources sector, which in turn underpins rising fiscal expenditure on infrastructure projects, the report claims. This has facilitated rising international trade with the continent. Rapidly growing urbanization and rising domestic demand in Africa has simultaneously ushered in a new wave of foreign direct investment in the continent's biggest and most dynamic economies. The report concludes by confirming continued, intensive construction activity across the continent.
                                      Meconstructionnews
                                      23 December

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