Angola Infrastructure Report - Business Monitor International - Industry Reports

Angola Infrastructure Report

Angola Infrastructure Report - Business Monitor International - Industry Reports
Angola Infrastructure Report
Published Sep 03, 2016
36 pages — Published Sep 03, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

We continue to forecast -.- real growth over ----, with Angola s ability to finance infrastructure development remaining under pressure as the continued low oil price environment keeps the budget balance in the red. Our Oil & Gas team s expectation for Brent crude to average USD--.- per barrel (/bbl) in ----, compared to USD--.-/bbl the previous year, is bad news for Angola s fiscal balance given that crude oil has typically accounted for -- of the country s goods exports. ...Our Oil & Gas team s expectation for Brent crude to average USD--.- per barrel (/bbl) in ----, compared to USD--.-/bbl the previous year, is bad news for Angola s fiscal balance given that crude oil has typically accounted for -- of the country s goods exports. Further limiting government revenues is the devaluation of the kwanza in January ---- (trading at AOA---/USD, down from AOA---/USD at the beginning of ----), a trend expected to continue for the remainder of this year (see AOA: Depreciatory Trend To Continue At Slower Rate , May --) and the high yield of -.- on the country s first eurobond, issued in November ----. We anticipate that some of the funding raised from the eurobond will be directed towards infrastructure development, thereby easing these short-term pressures, and expect further relief from ---- as the budget moves into a surplus. ...State- owned company Sonangol EP has already invited prequalified bidders Chevron, ENI, Glencore and GALP to submit bids for -- onshore oil blocks to open up new exploration opportunities. We therefore expect construction industry growth to improve over our forecast period up to ----, averaging -.- over the next -- years.

...Source: BMI Over the first half of our forecast period up to ----, capital flows from China will provide much-needed support to the sector, with projects within utilities infrastructure, education and residential building supported by the USD-.-bn credit line granted by China to the Angolan government in ---- (see Chinese Capital Only Protection From Construction Recession , September --). ...Source: BMI Over the first half of our forecast period up to ----, capital flows from China will provide much-needed support to the sector, with projects within utilities infrastructure, education and residential building supported by the USD-.-bn credit line granted by China to the Angolan government in ---- (see Chinese Capital Only Protection From Construction Recession , September --). We expect this external financing to continue throughout our forecast period, vital in a market where the lack of a mature banking sector makes it difficult to raise financing for infrastructure projects, but note other international sources of capital may be less forthcoming. ...Meanwhile, some government-financed projects continue to gain traction. In January ---- the government announced it had appointed a consortium to execute water supply projects worth USD---mn, led by firms

...We continue to forecast subdued construction industry growth of -.- in real terms between ---- and ---- as the weak commodities outlook limits revenues and the government s ability to finance infrastructure development. The continued support from China in the form of cheap credit lines and the increasing involvement of Chinese firms in the residential and non-residential building sectors and transport infrastructure will be crucial in keeping industry growth in positive territory. ...The continued support from China in the form of cheap credit lines and the increasing involvement of Chinese firms in the residential and non-residential building sectors and transport infrastructure will be crucial in keeping industry growth in positive territory. The outlook for the construction industry will improve from ----, in line with the expected recovery in Brent Crude oil prices, which will drive further investment into the oil industry and its associated infrastructure, and relieve budgetary pressures, allowing for government funding to be funnelled into construction development. The outlook for the construction industry will improve from ----, in line with the expected recovery in Brent Crude oil prices, which will drive further investment into the oil industry and its associated infrastructure, and relieve budgetary pressures, allowing for government funding to be funnelled into construction development. ...

  
Source:
Document ID
1758-4779
Country
Industry
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Angola Infrastructure Report" Sep 03, 2016. Alacra Store. Dec 08, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Angola-Infrastructure-Report-2026-582>
  
APA:
Business Monitor International - Industry Reports. (2016). Angola Infrastructure Report Sep 03, 2016. New York, NY: Alacra Store. Retrieved Dec 08, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Angola-Infrastructure-Report-2026-582>
  
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