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Upward trend expected for construction industry in 2022

2022 trends

With increased government-led infrastructure spend and greater private sector spend on the cards for 2022, the construction industry is more positive about the year ahead. This is one of the key insights gleaned from a 2022 Construction Industry Outlook survey conducted by RIB CCS in Africa and the Middle East in the final quarter of 2021.

 

Andrew Skudder, RIB CCS CEO, says this is good news for an industry that has experienced extreme pressure over the past few years. “In South Africa alone, the total value of plans passed for building construction fell by 37% year-on-year in the first eleven months of 2020, preceded by annual declines of 1.1% and 11.8% and in 2018 and 2019 respectively.

 

“The picture has been similarly bleak for the industry in the Middle East and North Africa (MENA) region, which has been in decline since the fall in oil prices in 2014, exacerbated by the COVID-19 pandemic in 2020.”

 

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