Downtown Africa
Aecom has launched the 32nd edition of its Africa Property & Construction Cost Guide which shares insights about commercial and retail developments and industrial and healthcare facilities, as well as comprehensive local and international building cost rates.
The last year-and-a-half has been challenging, both in the workplace and at home. With public and private infrastructure spend subdued, a turnaround is expected post-vaccination roll-out. “Unfortunately, this has limited success regionally to date, but we are hopeful that as the vaccine program starts to safeguard our country, a more positive outlook is on the horizon for the construction industry in FY22,” comments Dean Narainsamy, director, Program Cost Consultancy (PCC), Africa.
Based on the cost data included in the guide, Africa continues to steadily grow despite the challenges the pandemic has presented. With larger infrastructure and construction projects gradually coming to market, these will provide opportunities for investment and service providers for 2021 and beyond.
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