Boston, MA -- (ReleaseWire) -- 06/23/2014 -- We have dropped our forecasts for real growth in Uganda's construction sector in 2014 to 9.9% year-on-year, in light of a tightened fiscal environment for the government and a weaker performance by the economy. Overall, we still remain positive on the growth trajectory of the industry, owing to continuing elevated levels of public and private investments. The Ugandan government remains committed to the country's infrastructure development, and Uganda's growing economy and continued progress towards bringing the country's oil reserves online are eliciting private interest in the market.
Key Trends And Developments
- Progress in Uganda's oil and gas sector has been slow, but moving forward nonetheless. Uganda has shortlisted six firms and consortiums to bid as lead operator for the planned 30,000 b/d oil refinery, and MoU's have been signed between the government and three major international oil companies to bring oil production online by 2018.
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- The government pledged to tackle power shortages in the country and presented a long list of renewable power stations that have been lined up for construction. That said, we note risks remain prominent, with corruption likely to delay efforts. Reliance on hydropower will increase the country's exposure to weather conditions, however. Hydropower projects are a key pillar in the authorities' plans to bridge the country's electricity deficit - a major growth bottleneck -with roughly USD2.35bn due to be invested in the Karuma and Isimba dams over the next five years.
- South African firm Sanlam plans to invest USD190mn in Uganda's real estate sector and we expect growing private consumption and increased business travellers to see opportunities in retail space and hotels.
- The government announced a USD400mn project to expand and modernise Entebbe International Airport, along with a number of other transport upgrade projects.
The Uganda 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 Uganda Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Ugandan infrastructure and construction industry.
- Benchmark BMI's independent infrastructure industry forecasts for Uganda to test other views - a key input for successful budgetary and planning in the Ugandan infrastructure market.
- Target business opportunities and risks in the Ugandan infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Uganda.
- Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).
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).
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 Ratings
BMI's Infrastructure Business Environment Ratings provide a country-comparative Risk-Reward Ratings index aimed at investors (construction companies, suppliers and partners) in the regional infrastructure market.
The ratings methodology makes sophisticated use of over 40 industry, economic and demographic data point.
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