Uganda Infrastructure Report Q4 2014 - New Market Study Published

From: Fast Market Research, Inc.
Published: Wed Sep 10 2014

Although we note that Uganda's economy has struggled somewhat and the government's fiscal position is poor, we are maintaining our forecasts for real growth in the Ugandan construction industry. 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.

For 2014 and 2015 we are maintaining our forecasts at 9.9% and 7.3% respectively for year-on-year real growth.

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. BMI's Oil and Gas team expects delays to bringing oil online, forecast 2019 at the earliest, but we expect infrastructure investments to realise this to be forthcoming in the years prior to first oil.
* 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...

Full Report Details at

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.

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