However, the effect of geopolitical events on the construction machinery market in North Africa should not be underestimated, says David Semple, VP sales for the Middle East and English-speaking Africa at Manitowoc. However, North Africa is rebounding, EY claims, noting that political uncertainty is fading and North Africa is becoming increasingly attractive as an investment destination. In terms of future major announcements of North African construction projects, Dawei says some projects remain “pending or delayed due to lack further financing”, citing uncertainty as having caused additional setbacks. This was led by heavy investment in transport, energy and power, according to the third annual Deloitte African Construction Trends Report. Of the construction projects mentioned, 143 were led by the public sector, 88 were private sector initiatives and 26 were public private partnerships (PPPs).

Source: The North Africa Journal October 11, 2016 11:15 UTC