Africa & The Middle East

The company recently held a ‘groundbreaking’ ceremony triggering the start of the construction of its new US$30 million grinding unit in Duqm in Oman.

The company has shared its resilient financial results, boosted by a strong third quarter.

Recent news from the G20 Global Infrastructure (GI) Hub suggests that the Middle East and North Africa (MENA) region is one of the fastest growing regions globally for private investment in infrastructure.

The company has announced strong results in Q3 2020 with all regions showing increasing profitability.

The construction output growth forecast for the Middle East and North Africa (MENA) region for 2020 has been cut to -4.5% from the previous estimate of -2.4%, according to GlobalData.

The construction output growth forecast for Sub-Saharan Africa (SSA) in 2020 has been cut down to -4.9% from previous forecast of 0.7%, according to GlobalData.

GlobalData’s MEED reports that the shareholders’ decision to liquidate Arabtec highlights the troubles facing the Gulf’s construction industry and how Arabtec’s market value has descended over the past decade.

After a sharp decline in construction output in Q2, GlobalData forecasts a contraction of 14.3% in 2020 for South Africa.

As Saudi Arabia’s Red Sea Development Company (TRSDC) prepares to award a further SR3.5 billion (US$933 million) of contracts by the end of the year on its Red Sea Tourism Project, Colin Foreman, Deputy Editor at GlobalData’s MEED, offers his view.

According to Libya’s state news agency LANA, the cement transport ship NS Spirit has arrived at its port, carrying 4 400 tons of bulk cement.

The company will acquire two paper bag lines from Helwan Cement Company and InterCement Sacs.

The company has been delivering over 23 000 face masks and biosecurity kits, including thermometers and floor charts, to its construction and hardware customers around Colombia.

Pretoria Portland Cement (PPC) Zimbabwe, has found an investor to build and operate a 32MW solar power plant in Matabeleland South province.

Nigeria’s second largest cement producer is set to establish a 3 million t cement plant and a 50 megawatts power plant in the North Easter region of the country.

The Middle East and North Africa (MENA) construction sector is expected to be affected by lower oil production, low oil prices and contracting non-oil sectors.