{"id":52131,"date":"2024-12-06T12:47:57","date_gmt":"2024-12-06T12:47:57","guid":{"rendered":"https:\/\/new.igihe.com\/rwanda-s-construction-industry-expected-to-reach-1-4-billion-in-2025\/"},"modified":"2024-12-06T12:52:46","modified_gmt":"2024-12-06T12:52:46","slug":"rwanda-s-construction-industry-expected-to-reach-1-4-billion-in-2025","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/rwanda-s-construction-industry-expected-to-reach-1-4-billion-in-2025\/","title":{"rendered":"Rwanda&#8217;s construction industry value expected to reach $1.4 billion in 2025"},"content":{"rendered":"<p>The report, launched at the African Investment Forum on December 4, reveals that the sector reached $1.3 billion in 2024 and is expected to continue expanding rapidly in the coming years.<\/p>\n<p>A key driver of this growth is the $2 billion Bugesera International Airport project, one of the largest infrastructure initiatives in the country. <\/p>\n<p>In addition to the airport project, the report highlights that Rwanda\u2019s construction growth is supported by the implementation of new strategies aimed at boosting key industries, particularly in pharmaceuticals and ICT.<\/p>\n<p>Across East Africa, the construction sector reached $48.1 billion in 2024, accounting for a quarter of Africa\u2019s total construction value. <\/p>\n<p>The region is projected to see this figure nearly double by 2028, reaching $73 billion. Key contributors to this growth include Tanzania\u2019s focus on modern railway construction, Ethiopia\u2019s industrial park developments, and Kenya\u2019s $3.4 billion oil exploration project in South Lokichar, set to commence between 2024 and 2025.<\/p>\n<p>Rwanda\u2019s continued infrastructure development positions it as one of the fastest-growing construction markets in Africa over the next decade.<\/p>\n<figure class=\"spip-document spip-document-78160\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/ug-2.jpg\" alt=\"Bugesera International Airport project is one of the largest infrastructure initiatives in Rwanda. \" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Rwanda\u2019s construction industry is on track to grow, with a projected value of $1.4 billion by 2025, according to the African Export-Import Bank (Afreximbank)\u2019s latest Industry Outlook report. <\/p>\n","protected":false},"author":62,"featured_media":2000078161,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[75],"byline":[170],"hashtag":[],"class_list":["post-52131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-homenews","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":{"id":2000078161,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/urwu.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/urwu.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/urwu.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/urwu.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/urwu.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/urwu.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/52131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=52131"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/52131\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000078161"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=52131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=52131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=52131"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=52131"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=52131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}