Ethiopia will maintain its status as regional construction growth outperformer in SSA owing tothe substantial opportunities presented by the market. Underpinning industry expansion is the effort totransform the country into a manufacturing hub, which is necessitating investment into improving theoverall logistics profile and developing industrial parks. An escalation in social unrest presents a downsiderisk as foreign firms are targeted, necessitating increased security costs, but foreign commitment toinfrastructure projects will preclude any downturn.
Forecast & Industry Developments
The Ethiopian construction industry will remain the growth outperformer in Sub-Saharan Africa (SSA)over our 10-year forecast period, expanding by 10.5% in real terms between 2017 and 2026. It is the onlymarket in the region expected to record double-digit growth over this period.