Opportunities For International Collaboration In The Construction Industry
03 Jul. 2018

One of the best ways to overcome the obstacles that Africa poses, is by creating the necessary infrastructure in due time to meet the demands of the market. This is where collaboration between international companies and African stakeholders comes in, and recently, the opportunities haven’t looked better.

Here are some of the reasons why collaboration opportunities are on the rise for construction companies:

The nature of the beast

Africa comprises countries that have distinct variances when it comes to wealth and other economic and socio-political factors. This means that while it may be relatively easy to enter the South African construction market, gaining the necessary knowledge of less-developed markets can be a challenge for construction newcomers, especially in terms of tenders and other information like available skills.

This is further exacerbated by the fact that international construction companies are on average very complex, which means that projects run the risk of missing deadlines, and over, or underspending.

How Collaboration Helps

Where these challenges are pervasive, collaboration between state and country-specific stakeholders help immensely in ensuring that the necessary information is provided to interested parties. This in turn results in easier buy in from builders, and a greater chance of a successful project being delivered within its time constraints.

This is not just theoretical. A great example is the recent inflow of international capital into East Africa, due to the area’s need for increased infrastructure, and nations within the region being more than willing to offer interested parties collaboration opportunities designed to see everyone walk away happy.

The above example is not the only one, as various African governments have placed a focus on the development of their infrastructure, and with the recent lowering of trade barriers within the continent, international companies are poised to benefit from an eager market for their goods and services.

If you need more information about investment and collaboration opportunities within Africa, don’t hesitate to contact us for more information.

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