Public and private expenditure on infrastructure and other construction works has served as a catalyst for Ethiopia’s rapid economic development. The country has consistently invested more than 30% of GDP into Gross Fixed Capital Formation (GFCF) expenditure since 2010 and as a result, Ethiopia has emerged as one of the fastest-growing economies in the Africa. The market value of the construction sector is currently estimated at more than US$7bn. According to the 2017 edition of African Economic Outlook, construction activities in Ethiopia accounted for 15.9% of GDP at current prices during the 2015/16 fiscal year.
Opportunities
Ethiopia’s construction sector has turned the country’s financial needs into massive opportunities for foreign businesses. Organizing Construction events and tradeshows in Ethiopia with the emerging and fastest-growing economies in the world gives you an incredible opportunity For construction professionals, the chance to remain engaged in the industry, advance your skill and knowledge, and learn about up and coming technology.
