Africa & The Middle East

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.

The company has been able to sustain 54 000 jobs in Nigeria, Ethiopia, Senegal and South Africa.

The company has become a partner for the Horizon 2020 project, ‘Project Mof4AIR’, which aims to develop and demonstrate the performances of Metal Organic Framework (MOF)-based carbon capture technologies in power plants and energy intensive industries.

BUA Cement Plc, has announced a 25.1% increase in revenue of N54.0 billion in its financial results for the first quarter ended 31 March 2020.

The six-year agreement will see FLSmidth providing hot kiln alignment services to Dangote kilns in Ethiopia, Tanzania, Zambia, Congo, South Africa, and Nigeria.