Company LogoDublin, July 29, 2024 (GLOBE NEWSWIRE) -- The "Ethiopia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028" report has been added to ResearchAndMarkets.com's offering. The construction industry in Ethiopia is expected to expand by 8.7% in real terms in 2024, supported by investments in the country's transport, industrial, and electricity projects. In the financial year (FY) 2023-24 (July 2023 to July 2024) Budget, the government allocated ETB203.9 billion ($3.5 billion) as capital expenditure. The analyst expects the Ethiopian construction industry to register an annual average growth of 8.9% from 2025 to 2028, supported by investments in the infrastructure, energy, and mining sectors. ScopeStory continuesHistorical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Ethiopia, featuring details of key growth drivers.

Source: Ethiopian News July 29, 2024 09:30 UTC