In June, Aecom launched its Africa Property & Construction Cost Guide 2019/20 in conjunction with its strategic partner, the Bureau of Economic Research (BER) at the University of Stellenbosch. The director of Project Cost Consultancy (PCC) for Africa at Aecom, Dean Narainsamy, says the goal of the cost guide is to unlock the transformational change and innovation required to move the industry forward.
“In each of the 30 editions, we’ve shared our knowledge of Africa’s economy and construction sector, contributing to the wider discussion on how to unlock investment opportunities across Africa. Ranging from commercial and retail developments to industrial and healthcare facilities, we share our insight into the inclusive building costs rates per square metre, allowing our clients to quickly estimate the building cost of potential assets and ultimately its return on investment,” says Narainsamy.
According to the cost guide, there is an ever-growing need to finance infrastructure on the continent. Several countries are now prioritising this, following a realisation of the importance of industrialisation to not only maintain growth in their economies, but also to diversify by exporting goods and services.
The guide concludes that Africa continues to grow, with a steady increase of larger infrastructure and construction projects coming to the market that will provide opportunities for investment and service providers for 2019 and beyond.
For more information, contact Aecom at www.aecom.com/za.