"Angola Infrastructure Report Q1 2015" Published

Following a downgrade to our construction sector outlook last quarter, we are maintaining our view for growth to be robust, but below average. Threats to government investment in infrastructure due to capacity constraints and growing fiscal pressure are the primary drivers behind our weaker outlook. However, growth will remain strong as a result of the USD55bn FY2014 budget and the 2013-2017 National Development Plan.

Government investment is the primary driving force behind our positive growth outlook for Angola. However, threats to the country's fiscal position, with a budget deficit expected from 2014, as well as growing concerns over budget execution have put a dampener on the large investment plans. As such we expect growth will trend lower over the next five years than the previous - averaging 8.8% between 2015 and 2019, compared to 14.2% between 2009 and 2013.

Full Report Details at
- http://www.fastmr.com/prod/912241_angola_infrastructure_report_q1_2015.aspx?afid=301

Against this backdrop, continued investment from China, Brazil and Portugal will be crucial to support infrastructure projects. The former two, in particular, have provided significant levels of funding to support investments through state-owned development banks - with Brazil announcing USD2bn in loans for the Lauca hydropower project in April 2014. With oil exports to the US falling, China will become an increasingly crucial partner for Angola to maintain strong oil revenue as production continues to grow domestically.

In addition, the support of development banks and multi-lateral institutions is also crucial. In the energy sector, a USD1bn agreement with the African Development Bank announced in May 2014 is targeting operational efficiencies and sustainable investment, and this should help to ease the bottleneck in that industry.

Key elements supporting our forecast

* The FY2014 budget outlines spending of USD55bn, of which one-third will be targeted towards infrastructure and social projects - such as healthcare, education and housing. The budget is a modest increase from 2013...

The Angola 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 Angola Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Angolan infrastructure and construction industry.

Key Benefits

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