Africa’s Construction Sector Set to Grow at a CAGR of 6.4% by 2024
This Compound Annual Growth Rate (CAGR) estimate is according to Reporterlinker’s 'Africa Construction Market - Growth, Trends, and Forecast (2020-2025)' report.
According to the report, the growth results from accruing benefits, including the availability of enormous natural resources, significant investment opportunities in energy and infrastructure, a fast-growing consumer market, and cheap labor availability. Also, there is a beneficial business environment that includes favorable economic development policies and rising commodity prices.
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