ABOUT THE NEXT GENERATION CONSTRUCTION PRODUCTS & PROPERTY FAIR 2024
Next Generation Construction Products & Property Fair, 2024, to take place in Accra, Ghana, the western gateway into the Africa market, provides you with an exclusive opportunity to explore new territories and multiply your export activities. You will meet and network with global companies and fellow professionals to discuss the latest market trends, cutting-edge technologies and much more.
Both exhibitors and visitors at the Next Generation Construction Products & Property Fair 2024 will be given two (2) full days, an opportunity to interact and discuss partnership agreements, sign agency and distributorship contracts and develop new market strategies and cooperation schemes.
At the focal point of a lucrative multibillion-dollar construction market, the Next Generation Construction Products & Property Fair 2024 taking place from Friday 10th – Saturday 11th May, 2024 in Ghana, represents the ideal B2B platform for global construction suppliers, dealers and manufacturers who are keen on increasing their footprint in Africa by covering the entire value chain from project inception to completion.
WHY GHANA AS PREFFERED DESTINATION
According to the World Economic Forum (WEF), West Africa is the world’s fastest-growing economy. Ghana, largely known as one of the world’s largest producers of cocoa, has stepped its oil and gas explorations, increasing the country’s economic profile further.
The International Monetary Fund estimates that Ghana’s GDP rose by 8.8% in 2019, outperforming nearly all emerging and developed economies.
The government’s investments into infrastructure, rapid urbanisation and the rise of the energy, green energy and 4IR sector continue to spur demand for the country’s construction sector.
Recent developments in the country have given birth to a boom in building and construction, including the commercial, residential and public housing sector, generating and injecting billions of dollars which are injected annually into the West African republic.
The real estate market’s positive perspective and attraction is based on Ghana’s central African location and its political stability. An increasing number of the Ghanaian nationals across the globe invest in properties and the Ghana government is supportive of the private sector trend.
FACTS AND FIGURES
According to global consultancy Deloitte, West Africa as a region has 105 projects currently underway, with a total value of US$82.8bn.
Projects in West Africa are mostly publicly owned, which account for 82.9% of projects in the region. Private domestic firms and single countries follow, each accounting for 4.8% of projects in the region. Of the 87 government-owned projects, 60 are in the transport sector, with a focus on road infrastructure. Railways, new ports and airports and the expansion of existing transport hubs do a play a significant role, too.
West Africa’s 10 largest projects account for 70.1% of the region’s total project value.