Business Monitor International


Angola Infrastructure Report

Published 24 November 2014

  • 94 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Angola Infrastructure Report

BMI View:   Following a downgrade to our construction sector outlook last quarter, we are maintaining our view for growth to be robust, but below average. Threats to government investment in infrastructure due to capacity constraints and growing fiscal pressure are the primary drivers behind our weaker outlook. However, growth will remain strong as a result of the USD55bn FY2014 budget and the 2013-2017 National Development Plan.

Government investment is the primary driving force behind our positive growth outlook for Angola. However, threats to the country's fiscal position, with a budget deficit expected from 2014, as well as growing concerns over budget execution have put a dampener on the large investment plans. As such we expect growth will trend lower over the next five years than the previous - averaging 8.8% between 2015 and 2019, compared to 14.2% between 2009 and 2013.

Against this backdrop, continued investment from China, Brazil and Portugal will be crucial to support infrastructure projects. The former two, in particular, have provided significant levels of funding to support investments through state-owned development banks - with Brazil announcing USD2bn in loans for the Lauca hydropower project in April 2014. With oil exports to the US falling, China will become an increasingly crucial partner for Angola to maintain strong oil revenue as production continues to grow domestically. 

In addition, the support of development banks and multi-lateral institutions is also crucial. In the energy sector, a USD1bn agreement with the African Development Bank announced in May 2014 is targeting operational efficiencies and sustainable investment, and this should help to ease the bottleneck in that industry.

Key elements supporting our forecast

  • The FY2014 budget outlines spending of USD55bn, of which one-third will be targeted towards infrastructure and social projects - such as healthcare, education and housing. The budget is a modest increase from 2013...

Table of Contents

BMI Industry View
5
SWOT
7
Infrastructure SWOT
7
Industry Forecast
9
Construction And Infrastructure Forecast Scenario
9
Table: Construction And Infrastructure Industry Data (Angola 2012-2017)
9
Table: Construction And Infrastructure Industry Data (Angola 2018-2023)
9
Transport Infrastructure - Outlook And Overview
15
Table: West Africa: Major Transport Projects
23
Energy And Utilities Infrastructure - Outlook And Overview
30
Table: West Africa: Major Energy & Utilities Projects
37
Residential/Non-Residential Building - Outlook And Overview
41
Table: Residential/Non-Residential Major Projects
43
Industry Risk Reward Ratings
46
Angola - Infrastructure Risk/Reward Ratings
46
Rewards
46
Risks
47
Sub-Saharan Africa - Infrastructure Risk/Reward Ratings
48
Table: Sub-Saharan Africa Infrastructure Risk/Reward Ratings
57
Market Overview
58
Competitive Landscape
58
Table: Number Of Contractors In West Africa, By Domicile, 2011
58
Table: West Africa: Planned And Recent Eurobonds
63
Global Industry Overview
65
Middle East/North Africa Presents Strongest Investment Profile
65
Methodology
71
Industry Forecast Methodology
71
Sector-Specific Methodology
72
Risk/Reward Rating Methodology
76
Sector-Specific Methodology
77
Table: Infrastructure Risk/Reward Rating Indicators
77
Table: Weighting Of Indicators
78

The Angola Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Angola Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Angolan infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for Angola to test other views - a key input for successful budgetary and planning in the Angolan infrastructure market.
  • Target business opportunities and risks in the Angolan infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Angola.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant multinational and national company developments.

These are broken down into Construction (social, commercial and residential), Transport (roads, railways, ports, airports etc), and Energy & Utilities (powerplants, renewable projects, pipelines and so on).

Industry Trends

Analysis of latest projects across the infrastructure sector (covering the transport, utilities and commercial construction sub-sectors) - including:

Market Overview:Analysis of the key elements driving developments, including evaluations of current capacity and future requirements.

Building Materials Overview

The building materials overview provides industry trend analysis on the global and regional demands for building materials and the impact of this on the emerging and developed markets.

Business Environment Rankings

BMI's Infrastructure Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors (construction companies, suppliers and partners) in the regional infrastructure market.

The rankings methodology makes sophisticated use of over 40 industry, economic and demographic data point.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry & Economic Forecasts

Historic data series (2008-2012) and forecasts to end-2018 for all key industry and economic indicators, supported by explicit assumptions, plus analysis of key risks to the main forecast. Indicators include:

Construction: Industry value (US$bn); contribution to GDP (%); employment (`000); real growth (%).

Infrastructure: Value (US$bn); contribution to construction industry (%); real growth (%) of transport infrastructure (broken down by railways, airports, roads and bridges, ports and harbours) and energy and utilities (broken down by power plants and transmission grids, oil and gas pipelines, and water infrastructure).

Economy: Economic growth (%); nominal GDP (US$bn); unemployment (%); interest rates (%); exchange rate (against US$).

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc