Angola Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H1 2025)
Summary
GlobalData expects the construction industry in Angola to expand by 5.2% in real terms in 2025, before recording an average annual growth rate of 5.9% from 2026 to 2029, supported by investments in transport, housing and energy infrastructure projects. The government is focused on transitioning from thermal to clean energy sources. It aims to increase the share of renewable energy in the total energy mix from 66% in December 2024 to 73% by 2027. According to the estimates of the Ministry of Energy and Water, the country could harness 16.3GW of solar power and 3.9GW of wind power. One of the country’s largest solar developments involves the construction of 65 mini-grid networks with storage batteries in rural villages, facilitated by a $1.6 billion loan from Export-Import Bank of the United States (EXIM). In another boost to the industry's output, the government is also prioritizing electrification to ensure that half of its population, equivalent to over 16 million Angolans, have access to electricity by 2027. To achieve this target, it aims to add approximately 250,000 new electricity connections annually.
The industry’s growth over the forecast period will also be supported by investments in the oil and gas sector, in line with the government’s target to strengthen energy, boost domestic capacity and reduce dependence on fuel imports. Angola is making significant progress in strengthening its oil and gas downstream sector, with the goal of exceeding 400,000 barrels per day (bpd) in refining capacity through strategic investments and infrastructure development. Currently, the country imports AOA2.1 trillion ($2 billion) worth of refined petroleum annually and is striving to reduce this dependency by improving existing facilities and constructing new refineries. Some of the key projects under development include the Cabinda Refinery, which is set to begin its first phase with a capacity of 30,000 bpd in July 2025 and expand to 60,000 bpd in its second phase; the Lobito Refinery, which is projected to become Angola's largest, with a capacity of 200,000 bpd by 2027; and the Soyo Refinery, under the Quanten Consortium, which aims for a target capacity of 150,000 bpd. To meet the anticipated growing demand, specially a projected 31% increase in liquefied petroleum gas (LPG) consumption by 2027, Angola is also expanding its distribution and storage infrastructure. This includes a new 60,300-ton storage facility and increased gas filling capacities.
GlobalData’s Construction in Angola - Key Trends and Opportunities to 2029 (H1 2025) report provides detailed market analysis, information and insights into Angola's construction industry, including -
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