Angola Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028
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Angola Construction Market Report Overview
The Angola construction market size was $9.7 billion in 2023. The market will achienve an AAGR of more than 5% during 2025-2028. The development of oil and gas, energy, transportation, and industrial projects will drive the construction market growth in Angola during the forecast period.
Angola Construction Market Outlook, 2023-2028 ($ Billion)
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The Angola construction market research report gives a comprehensive understanding of project types and construction activities in the country. It analyzes the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. The market report further discusses the key sectors in the construction market and their growth drivers. Along with reviewing the details of the construction projects, our analysts have elaborated on emerging trends and assessed key risks and opportunities that will influence the Angola construction market growth in the coming years.
Market Size (2023) | $9.7 billion |
AAGR (2025-2028) | >5% |
Forecast Period | 2023-2028 |
Historical Period | 2019-2022 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
Key Contractors | · Subsea 7 SA
· Eni SpA · Aker Solutions ASA · Shanghai Electric Group Corp · Voith GmbH & Co KGaA |
Key Consultants | · KBR Inc
· TPF – Consultores De Engenharia E Arquitetura SA · China International Engineering Consulting Corp · DORIS Engineering SA · Royal HaskoningDHV |
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Angola Construction Market Segmentation by Sectors
The residential construction sector accounted for the highest market share in the Angola construction market in 2023
The key sectors in the Angola construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.
Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. The government’s efforts to attract foreign investment in tourism, leisure, and hospitality markets will aid the commercial construction sector growth during the forecast period.
Industrial construction: The project types in this sector include chemical and pharmaceutical plants, manufacturing plants, metal and material production and processing plants, and waste processing plants. The government’s plans to increase industrial production and rural industrial parks across the country will drive the sector’s growth during the forecast period.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The government investments to expand the road transportation network in the country will support the market growth over the forecast period.
Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The government’s aim to electrify 50% of the country by 2027, along with investments and developments in the oil and gas markets will drive the sector growth between 2025 and 2028.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Investments in healthcare and education infrastructure will fuel the growth of the institutional construction sector during the forecast period.
Residential construction: The project types in this sector include single-family housing and multi-family housing. Public and private investments in residential construction projects, amid the government’s focus on addressing the country’s housing deficit, will support the sector output over the forecast period.
Angola Construction Market Analysis by Sectors, 2023 (%)
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Angola Construction Market - Competitive Landscape
Subsea 7 SA emerged as the leading contractor and KBR Inc as the leading consultant in the Angola construction market in 2023
A few of the leading contractors in the Angola construction market are:
- Subsea 7 SA
- Eni SpA
- Aker Solutions ASA
- Shanghai Electric Group Corp
- Voith GmbH & Co KGaA
Foreign contractors account for most of the project pipeline in the Angola construction market.
Angola Construction Market Analysis by Contractors, 2023 (%)
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A few of the leading consultants in the Angola construction market are:
- KBR Inc
- TPF – Consultores De Engenharia E Arquitetura SA
- China International Engineering Consulting Corp
- DORIS Engineering SA
- Royal HaskoningDHV
Domestic headquartered consultants are involved in most of the project pipeline by value.
Angola Construction Market Analysis by Consultants, 2023 (%)
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Angola Construction Market - Latest Developments
- In January 2024, Tosyali Angola, a Turkish company, planned to begin the construction on the first phase of the Cassinga steel project’s raw iron ore processing plant in Jamba.
- in December 2023, construction of the Futila fertiliser plant is expected to be undertaken in Cabinda, as a part of Cabinda Phosphate project.
Segments Covered in the Report
Angola Construction Sectors Outlook (Value, $ Billion, 2019-2028)
- Commercial Construction
- Industrial Construction
- Infrastructure Construction
- Energy and Utilities Construction
- Institutional Construction
- Residential Construction
Scope
This report provides:
- A comprehensive analysis of the construction industry in Angola.
- Historical and forecast valuations of the construction industry in Angola, featuring details of key growth drivers.
- Segmentation by sector and by sub-sector.
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants.
Reasons to Buy
- Identify and evaluate market opportunities using GlobalData’s standardized valuation and forecasting methodologies.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Understand the latest industry and market trends.
- Formulate and validate strategy using GlobalData’s critical and actionable insight.
- Assess business risks, including cost, regulatory, and competitive pressures.
- Evaluate competitive risk and success factors.
Table of Contents
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Figures
Frequently asked questions
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What was the construction market size in Angola in 2023?
The construction market size in Angola was $9.7 billion in 2023.
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What will the Angola construction market growth rate be during the forecast period?
The construction market in Angola will achieve an AAGR of more than 2% during the forecast period.
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Which sector accounted for the highest share of the Angola construction market in 2023?
The residential construction sector accounted for the highest market share in the Angola construction market in 2023.
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Which are the leading contractors in the Angola construction market?
A few of the leading contractors in the Angola construction market are Subsea 7 SA, Eni SpA, Aker Solutions ASA, Shanghai Electric Group Corp, Voith GmbH & Co KGaA among others.
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Which are the leading consultants in the Angola construction market?
A few of the leading consultants in the Angola construction market are KBR Inc, TPF – Consultores De Engenharia E Arquitetura SA, China International Engineering Consulting Corp, DORIS Engineering SA, Royal HaskoningDHV among others.
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