The Construction Industry in Mozambique 2017

By , in PR PR Economy on .

NEW YORK, Nov. 9, 2017The Construction Industry in Mozambique:

Although small and underdeveloped by global standards, the Mozambican construction industry plays a pivotal role in all sectors of the local economy and is one of the main drivers of socio-economic development and job creation. During the past decade, the expansion of the local construction industry has been driven by unprecedented infrastructure development. However, the disclosure, in April 2016, of hidden government-guaranteed loans amounting to around US$2bn plunged Mozambique's economy into crisis, causing the growth trajectory of the country's construction industry to slow to 6.7% in 2016. Despite this setback, analysts predict that infrastructure spend will rally, rising to around US$6bn per annum by 2025 as new mega-projects break ground.

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Challenges and Opportunities :
Infrastructure development in Mozambique has been undermined by long-standing political hostilities that date back to the Mozambican civil war of 1976-1992. In May 2017, Afonso Dhlakama, the leader of rebel movement Renamo, announced that he was prepared to extend a conditional ceasefire for an indefinite period. Greater political stability in Mozambique is expected to significantly boost investor confidence. The debt-distressed nation has also been buoyed by the recent signing of the US$8bn Coral South Offshore Floating Liquefied Natural Gas (FLNG) Project, which positions the country to become the world's fourth-largest exporter of Liquefied Natural Gas (LNG) by 2022. The mega-project, which is the first ultra-deep offshore FLNG project ever to be undertaken in the world, is one of several high-value projects that offer significant opportunities for the construction industry.

Report Coverage:
This report examines current conditions in the Mozambican construction industry, as well as recent developments and factors influencing the success of the industry. It identifies construction opportunities in all sectors of the Mozambican market and also provides an overview of regulations and government policies pertaining to construction and infrastructure development. The report profiles 29 notable construction companies operating in the Mozambican market. These include the established players Mota-Engil Mozambique Lda, which is a wholly-owned subsidiary of Euronext Lisbon-listed Mota-Engil SGPS, NCC Mocambique Lda, Cmc Africa Austral Lda, and the indigenous civil engineering and construction company, Ceta Construções e Serviços, as well as the American contractor, Chicago Bridge & Iron (CB&I), the Italian firm, Saipem and the Japanese company, Chiyoda, which have been contracted to undertake major construction projects in the burgeoning energy sector.

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Maria Burns

Maria Burns

Maria is a Viral News Editor who graduated from the University Of California. She likes social media trends, being semi-healthy, Buffalo Wild Wings and vodka with lime. When she isn’t writing, Maria loves to travel. She last went to Thailand to play with elephants and is planning a trip to Bali.
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