The global manufacturing sector continues to offer a wide range of design and construction opportunities, despite varying pressures that range from worldwide declining prices for oil and other commodities to the continued cooling of China’s economy.
Under steady conditions, global construction output is set to grow, on average, by nearly 4% annually for the next 15 years—reaching, in constant 2014 dollars, $17.5 trillion by 2030, says an expansive 15-year forecast by two U.K.-based consultants..
Nigeria moved closer to implementing major infrastructure projects with a $600-million loan, which will fund a light-rail line in the capital, Abuja, as well as a government internet-connectivity project, and a $500-million loan, which will finance the construction of five airport terminals.
Kenya and landlocked South Sudan have signed a $1.5-billion deal for the construction of a new 1,260-kilometer oil pipeline linking Juba and the Indian Ocean port town of Lamu, where the former country has launched a multibillion port expansion plan that includes an oil refinery with a capacity 120,000 barrels per day, or bpd.