BMI View: Political will to draw foreign investment into Rwanda and efforts to diversify the economy awayfrom agricultural exports continue to inform our robust growth outlook for the country's constructionmarket. The project pipeline will remain well stocked over the coming years, with investment flows directedtowards transport, power and ICT infrastructure development.
Forecast & Industry Developments
Rwanda's construction sector is forecast to record 10.1% real growth in 2017 and 9.4% in 2018, asactivity picks up in the transport and power infrastructure sectors, and the government's push to developits burgeoning ICT sector sees non-residential building gain momentum.
Over our 10-year forecast period up to 2026, the sector is projected to expand by an annual average of7.9% in real terms, making it one of the fastest-growing construction markets in Sub-Saharan Africa(SSA), behind Ethiopia.