The report “Tanzania Construction Market Size, Trends, and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential, 2024-2028” has been added to ResearchAndMarkets.com’s offerings.
Tanzania’s construction industry is projected to grow by 5.8% in 2024, driven by investments in industrial, infrastructure, and energy sectors. According to the Tanzania Investment Centre (TIC), 161 projects valued at TZS 3.6 trillion ($1.4 billion) were registered in Q4 2023, a 54% year-on-year increase compared to 2022. Domestic investments accounted for 49.7%, while foreign direct investments (FDIs) made up 50.3%.
From 2025 to 2028, the industry is expected to register an average annual growth rate (AAGR) of 7.9%, bolstered by transport infrastructure developments and the TZS 35.1 trillion ($13.5 billion) Tanzania Water Investment Program (TanWIP), which focuses on expanding clean water access and building a national water grid by 2030.
Dar es Salaam, Tanzania’s commercial hub, is also undergoing significant road infrastructure improvements, including flyovers, a bus rapid transit system, and upgraded roads. In February 2024, the government signed a TZS 1 trillion ($385.5 million) agreement to advance the second phase of the Dar es Salaam Metropolitan Development Project (DMDP), aimed at transforming the city’s road network.
Scope:
- Historical (2019-2023) and forecast (2024-2028) valuations of Tanzania’s construction industry, highlighting key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy, utilities, institutional, and residential) and sub-sectors.
- Analysis of the mega-project pipeline, categorized by development stage across sectors, with projected spending on projects in the pipeline.
- Details of major projects and profiles of leading contractors and consultants.
Reasons to Buy:
- Identify and assess market opportunities using standardized valuation and forecasting methods.
- Evaluate growth potential with over 600 time-series data forecasts.
- Stay informed on industry and market trends.
- Develop and validate strategies with actionable insights from expert analysis.
- Assess business risks such as cost, regulatory, and competitive pressures.
- Gauge competitive risks and success factors.
Key Topics Covered:
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Latest news and developments
4 Project analytics
5 Construction Market Data
6 Risk Profile
7 Appendix
