Gabon Construction Sector Research Highlights

Economic News

Une briqueterie dynamise le secteur gabonais des matériaux de construction à bas coût
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In English Au mois de septembre, Bruno Ben Moubamba, ancien ministre de l’Urbanisme et de l’Habitat, a réouvert l’usine de fabrication de briques et parpaings, Daaco, dans le district de Nzeng Ayong à Libreville. Le site, qui avait fermé ses portes en 2010, devrait contribuer à accélérer les initiatives lancées par le gouvernement en matière de logement social, dynamiser le secteur…

Chapter

The Report: Gabon 2016: Construction & Real Estate
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Following the construction surge leading up to the 2012 Africa Cup of Nations, the sector’s focus shifted towards improving infrastructure, roads and housing. However, the economic malaise facing Gabon in light of the domestic debt crisis, coupled with the subsequent reduction in oil prices, has translated into a serious slowdown in the construction sector, which shrunk by 3% in 2015. While the 2017…

Interview

Salim Kaddouri, Director-General, CIMAF Gabon; and Deputy Director-General, Cimgabon: Interview
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Interview: Salim Kaddouri What are the main drivers of growth in the construction sector at this time? SALIM KADDOURI: As an emerging economy, Gabon’s public infrastructure segment presents the best opportunities for growth given the number of roads and bridges remaining to be built. Unlike more developed economies, countries such as Gabon should consume around 500-550 kg of cement per capita per…

Country Report

The Report: Gabon 2016
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Gabon benefits from considerable hydrocarbons reserves, with the World Bank citing Gabon as the fifth-largest oil producer in Africa. Oil accounted for 70% of exports, 20% of GDP, and 40% of budget revenues in 2015. However, declining production and lower oil prices have seen economic growth slow. Diversifying the economy is therefore a priority for the Bongo Ondimba administration, as evidenced b

Overview

Gabon's government prioritises closing the housing deficit
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As with many African property markets, Gabon has seen its different subsectors evolve in very different ways. Gabon has an estimated housing deficit of 200,000, concentrated on middle- and low-income earners, but there is a growing oversupply in the high-end segment. Despite empty units, high-end property remains expensive, especially in the capital city. Libreville is Africa’s third most expensive…

Overview

Gabon awaiting several major infrastructure projects to spur growth
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According to the IMF’s 2015 Article IV consultation with Gabon, the early years of the Emerging Gabon Strategic Plan (Plan Stratégique Gabon Emergent, PSGE) proved to be a significant boon for the construction sector. The IMF reported that “high oil revenues funded a scaling up of public investment that helped propel overall growth to nearly 6% on average, led by construction and services”. Following…

Economic News

Les fondations de la croissance gabonaise : des matériaux de construction
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In English Dans le cadre des efforts continus déployés par le gouvernement afin d'accroître le nombre de logements disponibles et de développer les réseaux routiers, le Gabon construit plusieurs cimenteries et aciéries pour ainsi donner un coup de fouet à la fabrication locale de matériaux de construction et réduire le déficit commercial. A l'heure actuelle, à l'exception du ciment,…

Interview

Paul Mapessi, Managing Director, Société Nationale du Logement Social (SNLS): Interview
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Interview: Paul Mapessi What are the latest projects and developments in the social housing segment in Gabon? PAUL MAPESSI: There are several operators involved in the construction of social housing in Gabon. The national operator, Société Nationale Immobilière, is building 3800 houses across the country, while SNLS is currently constructing about 2000 houses in 2014-15 and developing 650 serviced…

Analysis

Gabon starts spending big on affordable real estate
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According to a report published by the French Ministry of Finance in 2014, more than 75% of the urban population in Gabon currently live without a land title in dwellings with limited access to basic services. With continued urban growth at an average rate of around 30,000 new city residents per year, the gap between housing supply and demand remains substantial. Estimates for the combined housing…

Overview

The government of Gabon mitigates obstacles in the construction sector
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Real estate activity in the country has decreased slightly since 2014, although demand in key segments, such as commercial property and affordable housing, continues to remain strong due to a shortage of current supply. Demand for rental property is also on the rise and represents an area of expected growth in the short term. However, time delays in acquiring land titles continue to be a considerable…

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Gabon Construction Sector Research Highlights

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