The construction industry makes up for a major part of Africa’s GDP. Being a significant contributor to the GDP of Africa, the industry acts as a gateway for more opportunities. Investment in the construction industry in Africa, therefore, directly leads to the continent’s economic development. The Construction industry in Africa consists of the real estate as well as the urban development segment. The Real estate segment covers residential, office, retail, hotels and leisure parks, among others, while urban development segment broadly consists of sub-segments such as Water supply, Sanitation, Urban transport, Schools, and Healthcare.
By 2030, the Construction market on the continent is expected to emerge as the 3rd largest globally and the construction output is expected to grow on an average of 7.1% each year. An enhancement in the construction industry will directly have a positive effect on other industries like cement, technology, steel, etc. The development of nations is recognized through its infrastructure. Investment Hub seeks real estate and civil projects that will bring new innovative possibilities to uplift the construction industry.