Opportunities For The UK Construction Sector İn South Africa

According to a report released by the UK Trade & Investment, British construction firms are being encouraged to take advantage of the multi billion pound infrastructure opportunities in South Africa.

The report, titled ‘Building South Africa: Opportunities for the UK Construction Sector’, highlights infrastructure opportunities in both the public and private sectors stemming from the Government’s £33billion infrastructure plans and events like the 2010 World Cup.

UK Trade & Investment Chief Executive Officer Andrew Cahn said: “South Africa is a fast growth economy with infrastructure plans to match. With investment opportunities in both private and public sectors, coupled with a severe skills shortage now is the time for UK companies to take advantage of the construction boom.”

“The Government’s infrastructure spending plan is set to accelerate the annual growth of the economy between 4.5 per cent and 6.0 per cent. Its ambitious plans for mass transport, water projects, prisons, hospital and prison upgrades provide plenty of opportunities for UK companies.

“This investment and events like the 2010 Football World Cup are acting as a catalyst for growth in the private construction sector. Opportunities include hotel and residential development as well as urban regeneration projects. By establishing a business in South Africa, UK companies can gain a foothold into sub-Saharan Africa.”