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Tanzania's building and construction sector looking at a massive rise in investments
TANZANIA is seeing an unprecedented growth in construction sector in recent years, mushrooming all over the map are new houses, multi-storey buildings, roads and bridges, and this trend has contributed to the surging demand for building materials. Massive government funding on infrastructure projects every financial year has acted as a catalyst for continued inflows of investments in the building and construction industry. Over the last five years activities in the construction sector have grown at an annual rate of 8 per cent. For the Tanzanian economy to grow, it needs well developed transport infrastructure like roads, bridges, railways as well as efficient telecommunication network.
Posted on : 20 Oct,2020
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23 - 25, Feb 2023 - 07th LightExpo Tanzania 2023
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