Slide of the month (SOTM) March. ABiQ predicts that Q2 and Q3 2024 will be key quarters for Africa’s construction sector

The next months are crucial for construction in Africa!

The sector is set to experience significant momentum in the upcoming quarters, with Q2 and Q3 of 2024 emerging as key periods for awarded projects. At the recent Big 5 event in Dubai, africon & ABiQ unveiled insights indicating that over 35 projects valued above USD 50 million are slated for award during this timeframe. These projects encompass infrastructure developments, including transportation, energy, healthcare, and residential sectors, reflecting the continent’s growing demand for modernisation and expansion.

This data was extracted from the ABiQ platform, which provides validated, verified business intelligence covering Africa and the Middle East. ABiQ monitors projects worth over $7 trillion in 68 countries across Africa and the Middle East.

Notably, our analysis reveals substantial variations in project focus across different African countries. Understanding these nuances is crucial for companies seeking to capitalise on emerging opportunities. Smaller markets should not be overlooked, as they often present untapped potential for strategic investments and partnerships.

As you chart your company’s strategy for the remainder of the year, rest assured that africon is at your side, ready to provide expert guidance and tailored solutions. Whether you aim to conduct multi-country analysis, enter new markets, identify lucrative projects, or optimize your existing operations, our comprehensive insights and strategic recommendations are designed to help you seize the full potential of Africa’s construction sector.

What is the potential for you in Africa? If you have any questions, contact us at info@africon.de.

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