Overview
Despite the Coronavirus (COVID-19) outbreak across the world, the Cameroonian construction industry registered robust growth in 2020, expanding by 7.6% in real terms, as compared to growth of 4.7% in the previous year. The Cameroon construction market size was valued at $5.3 billion in 2022 and is expected to achieve an AAGR of more than 6% during 2024-2027. The construction industry’s growth over this forecast period will be supported by the investment under the National Development Strategy (SND30) under which the government plans to invest a hefty amount on flagship plans, programs, and projects until 2030. The key sectors in the Cameroon construction market are commercial construction, industrial construction, infrastructure construction, energy & utilities construction, institutional construction, and residential construction. The infrastructure construction sector led the Cameroon construction market in 2022, followed by the residential construction sector.
Leading Sub-Sectors
- Construction Machinery
- Mining Machinery and Equipment
Opportunities
The key construction projects in Cameroon are Grand Eweng Dam Hydroelectric Power Plant 810 MW, Ngaoundere to NDjamena Railway Line, Song Mbengue Hydroelectric Dam 940 MW, Mbalam-Kribi Railway Line, Yaounde-Douala Highway Phase II, Kpep Hydroelectric Power Plant 283 MW, Douala-Limbe-Idenau Railway Line, and Edéa-Kribi-Campo Railway Line. The largest project in the pipeline is Grand Eweng Dam Hydroelectric Power Plant 810 MW.
Cameroon is endowed with tremendous mineral resources that remain unexploited. Earth-moving equipment and other mining machinery will be needed to develop the fields. As most of the rare earth metals are in the country’s remote, inland East Region, new roads will be needed to get the product to ports on the Atlantic coast.
Resources
National Development Strategy 2020-2030
Ministry of Economy, Planning, and Regional Development (MINEPAT)
Ministry of Mines, Industry, and Technological Development (MINMIDT)