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Corporate Strategy & Research- MEP

Corporate Strategy & Research- MEP

Welsh Consultants provides it comprehensive Assessment of the International MEP Market (Mechanical, Electrical, Plumbing) taking into consideration Africa & South East Asia. The study as well includes a Go to Market Strategy development. Author, Founder of Welsh Consultants

Welsh Consultants provides it comprehensive Assessment of the International MEP Market (Mechanical, Electrical, Plumbing) taking into consideration Africa & South East Asia. The study as well includes a Go to Market Strategy development. Author, Founder of Welsh Consultants

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Corporate Strategy & Research- MEP

  1. 1. Assessment of the IMEP Market in Select African & South East Asian Countries
  2. 2. 1. Objectives of the Project 2. Regional Economic Overview of Africa (Section 1) 3. MEP Market in Select African Countries (Section 2) 4. MEP Market in Nigeria (Section 3) 5. MEP Market in Ghana (Section 4) 6. MEP Market in Ivory Coast (Section 5) 7. MEP Market in Kenya (Section 6) 8. MEP Market in Senegal (Section7) 9. MEP Market in South Africa (Section 8) 10. MEP Market in Tanzania (Section 9) 11. MEP Market in Indonesia (Section 10) 12. MEP Market in Philippines (Section 11) 13. MEP Market in Vietnam (Section 12) 14. MEP Market in Myanmar (Section 13) 15. Strategic Programme for the Countries of Interest (Section 14) Contents
  3. 3. Objectives of the Project v To ascertain the size and attractiveness of the MEP Market on a past, current & futuristic basis within the following African and South East Asian countries of interest and specific to the sectors of Leisure & Hospitality, Food Processing, Healthcare, Retail and Commercial within them (Market Sizing) v To ascertain vital information across the sectors of interest for the countries of interest v To devise a strategy for entering into the MEP Market of select African & South East Asian countries where a sound level of attractiveness prevails Sectors of Interest Leisure & Hospitality Retail Healthcare Food Processing Commercial Africa East Africa Ethiopia West Africa Ghana Southern Africa South Africa Kenya Ivory Coast Angola Tanzania Nigeria Mozambique Senegal Zambia South East Asia Indonesia Philippines Vietnam Myanmar
  4. 4. 1. Objectives of the Project 2. Regional Economic Overview of Africa (Section 1) 3. MEP Market in Select African Countries (Section 2) 4. MEP Market in Nigeria (Section 3) 5. MEP Market in Ghana (Section 4) 6. MEP Market in Ivory Coast (Section 5) 7. MEP Market in Kenya (Section 6) 8. MEP Market in Senegal (Section7) 9. MEP Market in South Africa (Section 8) 10. MEP Market in Tanzania (Section 9) 11. MEP Market in Indonesia (Section 10) 12. MEP Market in Philippines (Section 11) 13. MEP Market in Vietnam (Section 12) 14. MEP Market in Myanmar (Section 13) 15. Company’s Strategic Programme for the Countries of Interest (Section 14) Sectional Contents
  5. 5. African Economy- An Overview v Africa’s economy has had an average growth of over 5% a year since 2000, with the Sub- Saharan region’s averaging growth of close to 6%. v The larger emerging economies of this region, such as Nigeria, Kenya, Angola and Ethiopia, have been the key drivers of the continent’s growth. v Regional growth will pick up slightly in 2018, driven by gradual economic recoveries in the region's two largest economies, Nigeria and South Africa. GDP (US$ bn, 2016) GDP growth (av, 2017-20) Constructio n output (US$ bn, 2016) Construction output growth (av, 2017-20) Country Risk (A- low risk; E - high risk) Doing Business (rank, out of 190) Population (m) Ghana 39.9 7.0 13.1 7.4 C 108 28.0 Ivory Coast 35.5 7.5 4.9 7.5 B 142 23.3 Kenya 67.5 6.4 9.0 9.7 B 92 47.3 Nigeria 412.5 2.2 47.7 9.9 D 169 185.3 Senegal 14.9 7.0 2.7 8.2 B 147 14.5 South Africa 290.9 1.9 33.4 1.6 B 74 55.9 Tanzania 46.1 6.8 13.3 7.6 C 132 49.8 Source: Timetric North Africa West Africa East Africa Central Africa Southern Africa An Overview on the 7 African Countries of Interest
  6. 6. 3% 13% 26% 28% 30% Regional Economic Overview Source: IMF, Timetric v Africa’s overall economy stands at around US$2.1 trillion, and is forecast to expand by 4.1% on an annual average basis in 2016- 2020. v East Africa, which accounts for around 13% of the total African economy, will be the fastest growing region, posting an annual average growth of 5.6% in 2016-2020. v Western Africa, which accounts for 30% of the continents economic value, will post relatively good growth of 4.8%. Southern Africa: 2.6% Eastern Africa 5.6% Western Africa: 4.8% North Africa:4.1% Central Africa: 4.1% Economic Growth (%) Economic Growth (%) Based on GDP 2016-20 Share of Africa’s Economy (GDP) in 2016 Source: Timetric
  7. 7. 93 51 61 43 67.7 60.7 57.5 27.4 2013 2014 2015 2016 East Africa- Regional Construction (2013-2016) No of Projects Value (USD Bln) Energy & Power 26% Transport 46% Real Estate 12% Oil & Gas 2% Shipping & Ports 9% Healthcare 5% East Africa- Projects by Sector (%) in 2016 [Total No of Projects- 43] Construction Industry in East Africa- (2013-2016) • Real Estate:5.16 Projects where MEP Contracting Work is Required • Healthcare: 2.15 Projects where MEP Contracting Work is Required Source of Information : Africa Construction Trends Report 2016
  8. 8. Government 86% Lebanon 3% Private Domestic 2% Singapore 2% South Africa 2% Others 5% East Africa- Projects in 2016 – Who Owns? African DFIs 23% Private Domestic 5% Government 11% International DFIs 19% EU 5% China 23% Others 14% East Africa- Projects in 2016 – Who Funds? China 41% Private Domestic 25% US 5% Japan 5% South Korea 5% Turkey 5% Others 14% East Africa- Projects in 2016 – Who Builds? Construction Industry in East Africa- Year 2016 Source of Information : Africa Construction Trends Report 2016 • The Transport Sector accounts for the greatest share of projects, with 15 Road & Bridge projects currently underway. • Energy & Power Projects are also significant, making up just over a quarter of all projects, and account for over 10.7 BLN USD of investments. • Of the 11 Energy & Power Projects, 6 are renewable energy focused. • Governments own the majority of projects (86%) while only 2.3% are owned by Private Domestic companies.. The remainder 11.6% are owned by German & British companies.
  9. 9. Country Project Sector Bln USD Ethiopia Grand Ethiopian Renaissance Dam Energy & Power 4.1 Kenya Mombasa-Nairobi Railway Transport 3.8 Uganda Karuma Hydropower Plant Energy & Power 2.2 Kenya Tatu City Project Real Estate 2.1 Ethiopia Awash Woldia Hara Gebeya Rail Project Transport 1.7 Ethiopia Mekelle Hara Gebeya Woldia Railway Project Transport 1.5 Tanzania Mtwara Gas Project Energy & Power 1.3 Kenya Lamu Port Berths Shipping & Ports 1.0 Kenya Lake Turkana Wind Power Project Energy & Power 0.9 Uganda Isimba Hydropower Plant Energy & Power 0.6 East Africa- Top 10 Projects by Value (Bln USD) in the Year 2016 Source of Information : Africa Construction Trends Report 2016
  10. 10. 66 66 79 92 49.9 74.8 116.2 119.8 2013 2014 2015 2016 West Africa- Regional Construction (2013-2016) No of Projects Value (USD Bln) Energy & Power 19% Transport 34%Real Estate 22% Water 2% Mining 2% Oil & Gas 3% Shipping & Ports 12% Social 1% Healthcare 3% Education 2% West Africa- Projects by Sector (%) in 2016 [Total No of Projects- 92] Construction Industry in West Africa- (2013-2016) • Real Estate:20.24 Projects where MEP Contracting Work is Required • Healthcare: 2.76 Projects where MEP Contracting Work is Required Source of Information : Africa Construction Trends Report 2016
  11. 11. Construction Industry in West Africa- Year 2016 Government 78% Nigeria 4% South Africa 2% Private Domestic 4% EU 7% China 2% US 2% Australia 1% West Africa- Projects in 2016 – Who Owns? African DFIs 10% China 11% Government 34% Private Domestic 9% International DFIs 8% Nigeria 4% South Africa 4% UK 4% France 4% Others 12% West Africa- Projects in 2016 – Who Funds? Private Domestic 26% China 17% France 7% Italy 7% UK 4%US 3% SA 3% Other African 8% Other Asian 8% Other EU 3% Others 14% West Africa- Projects in 2016 – Who Builds? • Nigeria has embarked on a number of large Transport projects, with Road & Bridge projects totaling US$8bn. Although there are currently three Airport projects under construction in Ghana, these are small, with a combined value of US$300m. • Projects in West Africa are predominantly owned by Government (78.3%), followed by European Union countries (6.5%) and Private Domestic owners (4.3%). • Projects are largely built by Private Domestic contractors, followed by China, contractors from other African countries (Côte d’Ivoire, Ghana, Guinea, Morocco, Tunisia and Zambia) and then contractors from other Asian countries such as India, Japan, Malaysia and Singapore. Source of Information : Africa Construction Trends Report 2016
  12. 12. Country Project Sector Bln USD Guinea Simandou Iron Ore Project Mining 20.0 Nigeria Centenary City Real Estate 18.6 Nigeria Egina Gas Field Oil & Gas 15.0 Nigeria Olokola Deepsea Port Ports 12.0 Ghana Block Offshore Cape Three Points Oil & Gas 7.0 Nigeria Lagos Free Trade Zone Port Ports 6.0 Ghana Block Deepwater Tano Oil & Gas 4.9 Nigeria Calabar-Kastina-Ala Super Highway Road Project Transport 3.0 Nigeria Onne Port Complex Ports 2.8 Nigeria East-West Road Project Transport 2.3 West Africa- Top 10 Projects by Value (Bln USD) in the Year 2016 Source of Information : Africa Construction Trends Report 2016
  13. 13. 22 8 29 42 6.7 9.1 25.8 76.1 2013 2014 2015 2016 North Africa- Regional Construction (2013-2016) No of Projects Value (USD Bln) Energy & Power 9% Transport 43% Real Estate 26% Water 5% Oil & Gas 12% Shippin g & Ports 5% North Africa- Projects by Sector (%) in 2016 [Total No of Projects- 42] Construction Industry in North Africa- (2013-2016) • Real Estate:10.92 Projects where MEP Contracting Work is Required Source of Information : Africa Construction Trends Report 2016
  14. 14. Construction Industry in North Africa- Year 2016 Government 67% Private Domestic 14% UAE 7% US 5% Others 7% North Africa- Projects in 2016 – Who Owns? African DFIs 2% Private Domestic 17% Government 41% International DFIs 21% Others 19% North Africa- Projects in 2016 – Who Funds? Private Domestic 28% Italy 17% France 9% China 7% South Kotrea 7% Spain 5% Turkey 5% US 5% Others 17% North Africa- Projects in 2016 – Who Builds? • Transport continues to lead the sectoral mix, with 42.9% of all projects in the region. This is followed by Real Estate (26.2%). In terms of the number of projects, Real Estate is dominated by Commercial Real Estate, but in terms of value, Industrial Real Estate tops the list. There are a large number of Commercial Real Estate projects under construction in Egypt, particularly Residential Estates. • In 2015, North Africa only had 29 projects. The 45% increase in the number of projects and the nearly 200% increase in the value of projects between the previous year and this year indicates North Africa’s infrastructure sector continues to recover, in line with the trend observed last year. Despite the political instability in countries such as Egypt and the ongoing conflict in Libya, just over a quarter of the projects are privately-owned infrastructure projects. • Government owns 66.7% of all projects followed quite some way behind by Private Domestic owners at 14.3%. Source of Information : Africa Construction Trends Report 2016
  15. 15. Country Project Sector Bln USD Egypt Shorouk Concession Oil & Gas 14.0 Egypt West Nile Delta Project Oil & Gas 12.0 Algeria Hauts-Plateaux Motorway Transport 8.9 Morocco Tangier - Casablanca Rail Transport 4.1 Egypt Mostorod Refinery Upgrade Project Real Estate 3.7 Algeria Reggane North Development Project Oil & Gas 3.0 Tunisia Reseau Ferroviaire Rapide Project Transport 2.8 Algeria Various Gas Power Projects Energy & Power 2.7 Morocco Safi Supercritical Coal-Fired Power Plant Energy & Power 2.6 Algeria Tissemlit-Boughezoul Rail Transport 2.1 North Africa-Top 10 Projects by Value (Bln USD) in the Year 2016 Source of Information : Africa Construction Trends Report 2016
  16. 16. 124 119 109 8583.2 144.9 140 93.4 2013 2014 2015 2016 Southern Africa- Regional Construction (2013-2016) No of Projects Value (USD Bln) Energy & Power 25% Transport 20% Real Estate 30% Water 7% Mining 5% Oil & Gas 5% Shipping & Ports 7% Healthcare 1% Southern Africa- Projects by Sector (%) in 2016 [Total No of Projects- 85] Construction Industry in Southern Africa- (2013-2016) • Real Estate:26 Projects where MEP Contracting Work is Required Source of Information : Africa Construction Trends Report 2016
  17. 17. Construction Industry in Southern Africa- Year 2016 Government 60% Private Domestic 26% UK 5% China 3% France 2% India 2% South Africa 2% Brazil 1% Southern Africa- Projects in 2016 – Who Owns? African DFIs 5% China 8% Government 32% International DFIs 10% Private Domestic 25% Others 20% Southern Africa- Projects in 2016 – Who Funds? China 18% Portugal 9% South Africa 8% Private Domestic 28% Government 3% Others 34% Southern Africa- Projects in 2016 – Who Builds? • Private Domestic Construction organisations account for 28.2% of projects, followed by Chinese construction companies with 17.6% and construction organisations from various other countries building 34.1% of projects. • South Africa & Angola are home to 8 of the top 10 largest projects across Southern Africa with 4 projects each, while Mozambique & Zambia account for the remaining projects. • The top 10 projects in Southern Africa account for 65% of the total value of projects in the region. Source of Information : Africa Construction Trends Report 2016
  18. 18. Country Project Sector Bln USD Angola Kaombo, Block 32 Oil & Gas 16.0 Angola Lobito Refinery Oil & Gas 8.0 South Africa Kusile Coal-Fired Power Plant Energy & Power 7.9 South Africa Modderfontein City Real Estate 7.3 South Africa Medupi Power Station Energy & Power 7.0 Angola Lauca Hydropower Plant Energy & Power 4.3 Angola Luanda International Airport Transport 3.8 Mozambique Moatize Expansion Mining 2.1 South Africa Venetia Diamond Mine Mining 2.0 Zambia Kafue Gorge Lower Power Plant Project Energy & Power 2.0 Southern Africa- Top 10 Projects by Value (Bln USD) in the Year 2016 Source of Information : Africa Construction Trends Report 2016
  19. 19. 17 13 23 24 15.3 33.2 35.8 7 2013 2014 2015 2016 Central Africa- Regional Construction (2013-2016) No of Projects Value (USD Bln) Energy & Power 29% Transport 42% Real Estate 9% Water 4% Mining 8% Shippin g & Ports 4% Social Development 4% Central Africa- Projects by Sector (%) in 2016 [Total No of Projects- 24] • Real Estate:2 Projects where MEP Contracting Work is Required Construction Industry in Central Africa- (2013-2016) Source of Information : Africa Construction Trends Report 2016
  20. 20. Australia 4% Government 88% Switzerland 4% US 4% Central Africa- Projects in 2016 - Who Owns? African DFIs 17% Australia 4% China 33% Government 4% International DFIs 25% Private Domestic 9% Switzerland 4% US 4% Central Africa- Projects in 2016 - Who Funds? China 50% Private Domestic 21% France 8% Others 21% Central Africa- Projects in 2016 - Who Builds? • Transport projects dominate the construction sector in Central Africa with 41.7% of projects, followed by Energy & Power at 29.2%. The Transport sector is also the most valuable sector, accounting for nearly a third of all projects by value (US$2.3bn). • Governments own 87.5% of projects, but fund only 4.2% of projects. China is the largest funder at 33.3%, followed by International DFIs (25%). • The top 10 largest projects in Central Africa represent 72% of the total projects by value. All four of the Energy & Power projects listed in the top 10 are hydropower projects, of which three are in Cameroon. Construction Industry in Central Africa- Year 2016 Source of Information : Africa Construction Trends Report 2016
  21. 21. Country Project Sector Bln USD DRC Katanga Copper Mine Mining 0.9 Cameroon Limbe Deep Sea Port Shipping & Ports 0.7 Gabon Libreville - Port-Gentil Road Project Transport 0.6 Cameroon Memve'ele Hydropower Station Energy & Power 0.6 DRC Mengo Potash Project Real Estate 0.5 Cameroon Yaounde-Douala Highway Transport 0.5 Cameroon Lom Pangar Dam and Hydropower Project Energy & Power 0.4 DRC Zongo II Hydropower Project Energy & Power 0.4 Gabon Libreville Housing Project Real Estate 0.4 Cameroon Menchum Dam Hydropower Project Energy & Power 0.3 Central Africa- Top 10 Projects by Value (Bln USD) in the Year 2016 Source of Information : Africa Construction Trends Report 2016
  22. 22. 1. Objectives of the Project 2. Regional Economic Overview of Africa (Section 1) 3. MEP Market in Select African Countries (Section 2) 4. MEP Market in Nigeria (Section 3) 5. MEP Market in Ghana (Section 4) 6. MEP Market in Ivory Coast (Section 5) 7. MEP Market in Kenya (Section 6) 8. MEP Market in Senegal (Section7) 9. MEP Market in South Africa (Section 8) 10. MEP Market in Tanzania (Section 9) 11. MEP Market in Indonesia (Section 10) 12. MEP Market in Philippines (Section 11) 13. MEP Market in Vietnam (Section 12) 14. MEP Market in Myanmar (Section 13) 15. Company’s Strategic Programme for the Countries of Interest (Section 14) Sectional Contents
  23. 23. 23 Senegal Ivory Coast Ghana Nigeria South Africa Tanzania Kenya 33% 19% 39% 45% 10% 5% 17% Ethiopia 17% Angola 11% Mozambique 17% Zambia 4% African Countries of Interest – Share of Regional Mega-Project Construction Project Pipeline v For a given country, its corresponding % value is with respect to its share in the total regional construction output value.
  24. 24. Total MEP Market in Select African Countries- 2017 vs 2020 Countries Under Consideration in the Total MEP Market: Ghana + Ivory Coast + Kenya + Nigeria + Senegal + South Africa + Tanzania+ Angola + Ethiopia + Mozambique + Zambia CAGR: 7.4% Source: Company’ Calculations on Construction Output Value Furnished by TIMETRIC MEP Contracting Cost has been considered to be 3% of Total Construction Output Value CAGR: 7.4% 714 757 816 885 2017 2018 2019 2020 Total MEP Market in Select African Countries (Mln USD) 4639 4923 5307 5751 2017 2018 2019 2020 Total MEP Market in Select African Countries (₹ Crores)
  25. 25. Total MEP Market in Select African Countries- 2017 vs 2020 Source: Company Calculations on Construction Output Value Furnished by TIMETRICIn a given sector, MEP Contracting Cost has been considered to be 3% of Total Construction Output Value, US$ Mln 185 130 103 80 61 45 43 27 23 16 1 NigeriaSouth Africa Ethiopia Tanzania Angola Ghana Kenya Zam biaIvoryCoast Senegal M ozam bique Total African MEP Market of 714 Mln USD Under Consideration in 2017 Nigeria 26% South Africa 18% Ethiopia 15% Tanzania 11% Angola 9% Ghana 6% Kenya 6% Zambia 4% Ivory Coast 3% Senegal 2% Mozambique 0% Total African MEP Market of 714 Mln USD Under Consideration in 2017 Commercial 45% Retail Buildings 34% Healthcare Buildings 11% Leisure & Hospitality Buildings 7% Food Processing 3% Distribution of Total MEP Market of 714 Mln USD Sectors of Interest Wise: 2017 235 153 142 103 61 58 40 39 32 21 2 Nigeria EthiopiaSouth Africa Tanzania Kenya Ghana AngolaIvory Coast Zam bia Senegal M ozam bique Total African MEP Market of 885 Mln USD Under Consideration in 2020 Nigeria 26% Ethiopia 17%South Africa 16% Tanzania 12% Kenya 7% Ghana 7% Angola 5% Ivory Coast 4% Zambia 4% Senegal 2% Mozambique 0% Total African MEP Market of 885 Mln USD Under Consideration in 2020 Commercial 46% Retail Buildings 33% Healthcare Buildings 10% Leisure & Hospitality Buildings 8% Food Processing 3% Distribution of Total MEP Market of 885 Mln USD Sectors of Interest Wise: 2020
  26. 26. Bullish Stagnant Bearish Overall Score Bullish Stagnant Bearish Overall Score Kenya Leisure and Hospitality Buildings 75/75 Nigeria Leisure and Hospitality Buildings 75/75 Retail Buildings Retail Buildings Healthcare Buildings Healthcare Buildings Food processing Food processing Commercial Commercial Ghana Leisure and Hospitality Buildings 75/75 Senegal Leisure and Hospitality Buildings 75/75 Retail Buildings Retail Buildings Healthcare Buildings Healthcare Buildings Food processing Food processing Commercial Commercial Ivory Coast Leisure and Hospitality Buildings 75/75 South Africa Leisure and Hospitality Buildings 50/75 Retail Buildings Retail Buildings Healthcare Buildings Healthcare Buildings Food processing Food processing Commercial Commercial Tanzania Leisure and Hospitality Buildings 75/75 Ethiopia Leisure and Hospitality Buildings 75/75 Retail Buildings Retail Buildings Healthcare Buildings Healthcare Buildings Food processing Food processing Commercial Commercial Angola Leisure and Hospitality Buildings 25/75 Zambia Leisure and Hospitality Buildings 75/75 Retail Buildings Retail Buildings Healthcare Buildings Healthcare Buildings Food processing Food processing Commercial Commercial INDEX 15 10 5 African Countries of Interest- Attractiveness Matrix Source: Company’ Calculations on Construction Output Value Furnished by TIMETRIC
  27. 27. Getting the Total Construction Output Value for Nigeria- Base Data Sourced from UN Data 01 02 03 04 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Construction Industry Output (NGN Million) 48,32,635 56,73,228 67,34,570 82,34,784 98,11,837 1,06,83,943 1,09,81,545 1,13,47,812 1,19,44,335 1,26,22,210 1,33,97,198 Nominal % change 13.5% 17.4% 18.7% 22.3% 19.2% 8.9% 2.8% 3.3% 5.3% 5.7% 6.1% % of GDP 9% 9% 9% 10% 11% 10% 9% 8% 8% 7% 7% Getting the 100% Distribution of Total Construction Output Value of Nigeria in Terms of the Broad Sectors Involved 2014 spending (based on 300 mega- projects in database) Analyst assessment on bias due to mega- projects Survey Responses (Nov 2014, rounded averages, adjusted to total) Benchmarking averges (Morocco, Tunisia, Egypt, South Africa) Analyst assessment on bias on benchmarking Final structure - for 2014 % of Total % of Total % of Total Commercial sector 7.4 >>underestimated 14.0 15.8 12.4 Industrial sector 11.5 >> overestimated 4.5 6.8 7.6 Infrastructure sector 25 >> overestimated 27.5 29.4 27.3 Energy and utilities sector 48.1 >>overestimated 24.0 18.2 >>> Too low for Nigeria, given oil sector 23.1 Institutional sector 2.6 >>underestimated 5.0 11.9 6.5 Residential sector 5.4 >>underestimated 25.0 38.6 23.0 Getting the Sub Sector Construction Values By Taking Into Consideration the 100% Distribution of Each of the Broad Sectors Commercial Construction Industrial Construction Infrastructure Construction Energy and Utility Institutional Construction Residential Construction Leisure and Hospitality Buildings 10% Chemical and Pharmaceutical Plants 24%Rail Infrastructure 19%Electricity and Power 36%Educational Buildings 51%Single-Family Housing 58.50% Office Buildings 44% Manufacturing Plants (Includes Food Processing) 31%Road Infrastructure 40%Oil & Gas 7%Healthcare Buildings 32%New Multi-Family Housing 41.50% Outdoor Leisure Facilities 6% Metal and Material Production and Processing plants 24%Other Infrastructure Projects 40%Telecommunications 9%Institutional Buildings 7% Retail Buildings 30% Waste Processing Plants 21% Sewage Infrastructure 25%Research Facilities 3% Other Commercial Construction 10% Water Infrastructure 23%Religious Buildings 6% Converting Values from Nigerian Currency to USD Research Methodology Used for Deriving Base Construction Output Values
  28. 28. 1. Objectives of the Project 2. Regional Economic Overview of Africa (Section 1) 3. MEP Market in Select African Countries (Section 2) 4. MEP Market in Nigeria (Section 3) 5. MEP Market in Ghana (Section 4) 6. MEP Market in Ivory Coast (Section 5) 7. MEP Market in Kenya (Section 6) 8. MEP Market in Senegal (Section7) 9. MEP Market in South Africa (Section 8) 10. MEP Market in Tanzania (Section 9) 11. MEP Market in Indonesia (Section 10) 12. MEP Market in Philippines (Section 11) 13. MEP Market in Vietnam (Section 12) 14. MEP Market in Myanmar (Section 13) 15. Company’s Strategic Programme for the Countries of Interest (Section 14) Sectional Contents
  29. 29. Nigeria Profile - Overview v In 2016, the Nigerian economy registered its worst economic performance in over 20 years owing to the oil price slump, militant attacks on oil infrastructure, tight liquidity in the FX market and depressed private consumption. v The fiscal deficit also widened over the year due to lower oil earnings and non-oil tax revenues. v The federal government of Nigeria believes substitute sources of revenue generation will grow the economy out of its current situation provided areas such as Agriculture and Manufacturing are ventured into passionately v The World Bank Global Economic Prospects report released shows that the sub-Saharan African growth is projected to slightly increase by 2.9 percent “while the global economic growth would pick up moderately to 2.7 percent in 2017 v Nigeria’s economy is showing prospects and that the economic will recover from the recession by months to come. GDP US$412.5 bn Population 185.3 mn GDP growth 4.3% (2016-20) Country Risk D (A – low risk; E – high risk) Doing Business 169th (Out of 190) Corruption 26 (100 – least corrupt; 0 – most corrupt Key Indicators Source: Timetric
  30. 30. MEP Market in Nigeria- 2010 to 2020: Figures in USD Mln Source: Calculations on Construction Output Value Furnished by TIMETRIC 12 13 16 19 22 20 15 16 16 18 20 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Nigeria Leisure and Hospitality Buildings 36 42 49 59 70 63 48 49 51 56 62 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Nigeria Retail Buildings 18 26 29 34 38 33 25 26 27 30 33 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Nigeria Healthcare Buildings 6 6 8 9 11 9 7 7 8 8 9 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Nigeria Food processing 63 74 87 105 124 111 85 87 91 100 110 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Nigeria Commercial 134 161 189 227 266 236 180 185 194 213 235 0 50 100 150 200 250 300 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Nigeria Total
  31. 31. Nigeria Profile – Leisure & Hospitality Total Construction Output Value, US$ Mln vThere is a bullish view on Nigeria’s leisure and hospitality sector, and a sustained growth in construction in this segment is expected going forward. vInternational tourists and business travellers will continue to be drawn to the country as Nigeria’s economy develops further. Main hotel chains v Hilton – 667 rooms v Intercontinental – 362 rooms v Le Meridian – 249 rooms v Best Western – 233 rooms Key Metrics Hotel rooms 111,236 2014 International visitors 919,000 2015 Capital investment US$5,330 mn 2016 Project Name Valu e, US$ mn Stage Constru ction Start Constru ction Comple te Location Abuja Down Town Development 3,500 Plannin g Q1 2018 Q4 2022 Abuja Federal Capital Territory Jabi Lake Resort 2,000 Plannin g Q2 2018 Q4 2020 Abuja Federal Capital Territory Iganmu National Theatre Redevelopment 530 Plannin g Q4 2017 Q4 2021 Lagos Abuja Stratosphere Mixed-Use Tower 468 Plannin g Q1 2018 Q4 2021 Abuja Federal Capital Territory Source: Timetric 388 449 529 633 748 670 511 524 550 605 665 0 100 200 300 400 500 600 700 800 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Leisure and Hospitality Buildings
  32. 32. Nigeria Profile – Food Processing Total Construction Output Value, US$ Mln vNigeria’s food processing sector is underdeveloped due to the high cost of local food processing activities and the weak physical infrastructure across the country. vThe majority of inputs used by local food processors are imported. vNigeria’s food processing sector is dominated by SMEs, although new entrants are frequently coming onto the market. Exported value in 2016 US$ mn Cocoa and cocoa preparations 2,871.7 Miscellaneous edible preparations 38.9 Preparations of cereals, flour, starch or milk 129.7 Preparations of meat, of fish or of crustaceans 2.3 Preparations of vegetables, fruit, nuts 91.1 Sugars and sugar confectionery 27.1 Key Metrics Project Name Valu e, US$ mn Stage Constru ction Start Constru ction Comple te Location Lavun Sugar Factory Development 450 Plannin g Q1 2018 Q4 2019 Niger Lagos Sugar Plant Expansion 300 Plannin g Q4 2017 Q4 2020 Lagos Grain Processing Plant and Export Hub 250 Plannin g Q1 2018 Q4 2019 Nassarawa Jigawa Sugar Refinery 250 Plannin g Q1 2018 Q4 2019 Jigawa Sokoto Tomato Processing Plant 250 Plannin g Q1 2018 Q4 2020 Zamfara Awka Omor Rice Mill Expansion 150 Plannin g Q1 2018 Q4 2019 Anambra Edidi Cassava Production and Processing Facility 100 Plannin g Q1 2018 Q1 2019 Kwara Source: Timetric 189 216 252 306 357 308 234 240 252 277 305 0 50 100 150 200 250 300 350 400 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Food Processing
  33. 33. Nigeria Profile – Healthcare Total Construction Output Value, US$ Mln vNigeria’s under-funded public health system is under immense pressure due to high levels of poverty combined with the high incidence of diseases across the country. Key Metrics Hospital beds 68,017 2004 Project Name Valu e, US$ mn Stag e Constru ction Start Constru ction Comple te Location Abuja Medical City Development 650 Design Q1 2018 Q2 2019 Abuja Federal Capital Territory Abuja City Gate Development 394 Executi on Q2 2015 Q4 2020 Abuja Federal Capital Territory Imperial International Business City 300 Plannin g Q1 2018 Q3 2021 Lagos Kano Chinatown Mixed-Use Development 300 Plannin g Q1 2018 Q2 2020 Kano Lagos Medical Park 154 Design Q2 2017 Q1 2019 Lagos Regional Medical Center of Excellence 150 Plannin g Q1 2018 Q4 2019 Imo Umuchukwu Orthopaedic Hospital 40 Executi on Q3 2015 Q4 2017 Anambra Abuja Kanu Cardiac Center 35 Plannin g Q3 2017 Q4 2018 Abuja Federal Capital Territory Source: Timetric 595 854 961 1123 1273 1109 848 869 913 1004 1104 0 200 400 600 800 1000 1200 1400 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Healthcare Buildings
  34. 34. Nigeria Profile – Retail Total Construction Output Value, US$ Mln vThree trading platforms co-exist in Nigeria: the traditional open markets or street traders; the semi-formal modernised markets; and Western-style shopping centres or formal retail outlets. vThe growing popularity of modern retailing is contributing to the overall growth of the market, as consumers believe products are more likely to be genuine than if purchased through less modern and informal channels. Key Metrics Completed shopping center floorspace City Sq m Abia 100,000 Cross River 80,000 Enugu 22,530 Federal Capital Territory 81,000 Kano 24,136 Lagos 121,000 Project Name Value , US$ mn Stag e Constru ction Start Constru ction Comple te Location Abuja Down Town Development 3,500 Plannin g Q1 2018 Q4 2022 Abuja Federal Capital Territory Iganmu National Theatre Redevelopment 530 Plannin g Q4 2017 Q4 2021 Lagos Abuja Stratosphere Mixed-Use Tower 468 Plannin g Q1 2018 Q4 2021 Abuja Federal Capital Territory TBS World Trade Tower 400 Plannin g Q1 2018 Q4 2021 Lagos Abuja City Gate Development 394 Executi on Q2 2015 Q4 2020 Abuja Federal Capital Territory Source: Timetric 1196 1394 1643 1977 2329 2086 1586 1625 1706 1877 2065 0 500 1000 1500 2000 2500 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Retail Buildings
  35. 35. Nigeria Profile – Commercial Total Construction Output Value, US$ Mln vBroader economic development and the growth of the private sector in the country have driven office space demand from domestic companies. vNigeria’s growing reputation as a significant market in Africa and gateway to the Sub- Saharan region has fuelled strong demand for office space in recent years. Key Metrics Gross Lettable Area 240,000 sq m total for office buildings in Lagos Project Name Valu e, US$ mn Stag e Constr uction Start Constr uction Compl ete Locatio n Abuja Down Town Development 3,500 Plannin g Q1 2018 Q4 2022 Abuja Federal Capital Territory Iganmu National Theatre Redevelopment 530 Plannin g Q4 2017 Q4 2021 Lagos TBS World Trade Tower 400 Plannin g Q1 2018 Q4 2021 Lagos Imperial International Business City 300 Plannin g Q1 2018 Q3 2021 Lagos Abuja Multi-Purpose Infrastructure Tower 300 Pre- Tender Q3 2017 Q4 2020 Abuja Federal Capital Territory Abeokuta City Center 300 Plannin g Q4 2017 Q4 2021 Ogun Source: Timetric 2106 2461 2915 3513 4144 3705 2825 2896 3040 3344 3679 0 500 1000 1500 2000 2500 3000 3500 4000 4500 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Commercial
  36. 36. 1. Objectives of the Project 2. Regional Economic Overview of Africa (Section 1) 3. MEP Market in Select African Countries (Section 2) 4. MEP Market in Nigeria (Section 3) 5. MEP Market in Ghana (Section 4) 6. MEP Market in Ivory Coast (Section 5) 7. MEP Market in Kenya (Section 6) 8. MEP Market in Senegal (Section7) 9. MEP Market in South Africa (Section 8) 10. MEP Market in Tanzania (Section 9) 11. MEP Market in Indonesia (Section 10) 12. MEP Market in Philippines (Section 11) 13. MEP Market in Vietnam (Section 12) 14. MEP Market in Myanmar (Section 13) 15. Company’s Strategic Programme for the Countries of Interest (Section 14) Sectional Contents
  37. 37. Ghana Profile - Overview vGhana’s economy continues to face challenges. Economic growth in 2016 has been estimated to come in at 3.6%. vDelays in the resolution of the energy problems due to debt for state owned enterprises (SOEs), technical difficulties in the oil sector, continued weak commodity prices, and high outward capital flows pose downside risks to Ghana’s economic outlook. vThere is a great deal of potential across a number of key sectors in the country, and that a wealth of opportunities exist, particularly in accessing Ghana’s increasing middle class as well as the large regional market. vHowever, such growth could be constrained by endemic structural weaknesses throughout the economy, low investment levels, the nascent and relatively weak private sector, and widespread poverty. GDP US$39.9 bn Population 28.0 mn GDP growth 6.3% (2016-20) Country Risk C (A – low risk; E – high risk) Doing Business 108th (Out of 190) Corruption 47 (100 – least corrupt; 0 – most corrupt Key Indicators Source: Timetric
  38. 38. MEP Market in Ghana- 2010 to 2020: Figures in USD Mln Source: Company Calculations on Construction Output Value Furnished by TIMETRIC 1.96 2.15 2.94 3.87 2.67 2.67 3.14 3.52 4.01 4.50 5.00 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Ghana Leisure and Hospitality Buildings 14 17 23 26 19 18 20 21 23 24 26 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Ghana Retail Buildings 3 5 8 9 7 6 7 7 7 8 8 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Ghana Healthcare Buildings 1.02 1.22 1.81 2.08 1.53 1.40 1.53 1.59 1.72 1.85 1.97 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Ghana Food processing 6 7 11 13 10 10 11 12 13 15 17 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Ghana Commercial 26 33 46 54 40 38 42 45 49 53 58 0 10 20 30 40 50 60 70 20102011201220132014201520162017201820192020 Ghana Total
  39. 39. Ghana Profile – Leisure & Hospitality Total Construction Output Value, US$ Mln Source: Timetric Main Hotel Chains v Kempinski - 269 rooms v Mövenpick - 260 rooms v Best Western - 246 rooms v Golden Tulip - 238 rooms v Accor - 192 rooms v Holiday Inn - 168 rooms Key Metrics Hotel rooms 36,357 2014 International visitors 1,093,000 2014 Capital investment US$279 mn 2016 Project Name Value , US$ mn Stage Constru ction Start Constru ction Comple te Location Hope City Mixed-Use Development 10,000 Plannin g Q2 2018 Q3 2021 Greater Accra Point of Return Mixed-Use Development 6,500 Plannin g Q4 2017 Q4 2023 Greater Accra Eco Medical Village Development 500 EPC Award Q4 2017 Q1 2031 Greater Accra Accra Mixed-Use Development 250 Plannin g Q1 2018 Q3 2020 Greater Accra Takoradi Logistics Center 150 Plannin g Q1 2018 Q4 2019 Western Garden City Shopping Mall 130 Executio n Q3 2015 Q4 2018 Ashanti Source: Timetric 65 72 98 129 89 89 105 117 134 150 167 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
  40. 40. Ghana Profile – Food Processing Total Construction Output Value, US$ Mln Source: Timetric Exported value in 2016 US$ mn Cocoa and cocoa preparations 1,457.6 Miscellaneous edible preparations 9.0 Preparations of cereals, flour, starch or milk 19.5 Preparations of meat, of fish or of crustaceans 0.0 Preparations of vegetables, fruit, nuts 13.1 Sugars and sugar confectionery 0.3 Key Metrics Project Name Value, US$ mn Stage Constr uction Start Construc tion Complet e Locatio n Sugar Manufacturing Plant 250 Planning Q1 2018 Q4 2020 Unconfirm ed 34 41 60 69 51 47 51 53 57 62 66 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
  41. 41. Ghana Profile – Healthcare Total Construction Output Value, US$ Mln Key Metrics Hospital beds 22,436 2011 Project Name Value, US$ mn Stage Construc tion Start Constru ction Complet e Locat ion 37 Military Hospital Expansion 519 Executio n Q2 2015 Q2 2017 Greater Accra Eco Medical Village Development 500 EPC Award Q4 2017 Q1 2031 Greater Accra KATH Tower Development 300 Announc ed Q1 2018 Q2 2021 Ashanti Sewua Regional Hospital 63 Executio n Q1 2015 Q4 2017 Ashanti Kumawu District Hospital 30 Executio n Q1 2015 Q2 2017 Ashanti Source: Timetric 99 176 251 297 225 205 220 227 240 250 259 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
  42. 42. Ghana Profile – Retail Total Construction Output Value, US$ Mln Source: Timetric v Ghana ranks ninth on AT Kearney’s 2015 African Retail Development Index. v Market attractiveness remains modest, but country risk is quite low and the market is far from saturated. v The country’s economy has remained steady in recent years, and the middle class is large and growing. v These dynamics will continue to boost retail sales, and international companies are increasingly keen to move into the market. Key MetricsCompleted shopping center floorspace City Sq m Accra 103,000 Kumasi 50,000 Project Name Valu e, US$ mn Stage Construc tion Start Construct ion Complete Locati on Hope City Mixed-Use Development 10,000 Plannin g Q2 2018 Q3 2021 Greater Accra Point of Return Mixed-Use Development 6,500 Plannin g Q4 2017 Q4 2023 Greater Accra King City Mixed-Use Development 885 Plannin g Q2 2018 Q4 2025 Western Eco Medical Village Development 500 EPC Award Q4 2017 Q1 2031 Greater Accra Accra Mixed-Use Development 250 Plannin g Q1 2018 Q3 2020 Greater Accra Takoradi Logistics Center 150 Plannin g Q1 2018 Q4 2019 Western Garden City Shopping Mall 130 Executi on Q3 2015 Q4 2018 Ashanti The Exchange – Greater Accra 115 Executi on Q3 2016 Q3 2018 Greater Accra Kumasi City Mall 110 Executi on Q1 2015 Q2 2017 Ashanti Source: Timetric 470 562 763 868 649 600 659 692 755 808 852 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
  43. 43. Ghana Profile – Commercial Total Construction Output Value, US$ Mln Key Metrics Gross Lettable Area Accra currently has around 93,000 sq m of modern retail space Project Name Value, US$ mn Stage Constr uction Start Construct ion Complete Locat ion Hope City Mixed-Use Development 10,000 Plannin g Q2 2018 Q3 2021 Greater Accra Accra Mixed-Use Development 250 Plannin g Q1 2018 Q3 2020 Greater Accra Appolonia Mixed-Use Development 247 Plannin g Q1 2018 Q4 2025 Greater Accra Skyville Apartments and Kassardjian Office Complex 200 Executi on Q4 2015 Q4 2018 Greater Accra Garden City Shopping Mall 130 Executi on Q3 2015 Q4 2018 Ashanti The Exchange – Greater Accra 115 Executi on Q3 2016 Q3 2018 Greater Accra Accra Office Complex 32 Plannin g Q1 2018 Q4 2020 Greater Accra Source: Timetric 191 248 367 450 329 317 364 399 449 507 579 0 100 200 300 400 500 600 700 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
  44. 44. 1. Objectives of the Project 2. Regional Economic Overview of Africa (Section 1) 3. MEP Market in Select African Countries (Section 2) 4. MEP Market in Nigeria (Section 3) 5. MEP Market in Ghana (Section 4) 6. MEP Market in Ivory Coast (Section 5) 7. MEP Market in Kenya (Section 6) 8. MEP Market in Senegal (Section7) 9. MEP Market in South Africa (Section 8) 10. MEP Market in Tanzania (Section 9) 11. MEP Market in Indonesia (Section 10) 12. MEP Market in Philippines (Section 11) 13. MEP Market in Vietnam (Section 12) 14. MEP Market in Myanmar (Section 13) 15. Company’s Strategic Programme for the Countries of Interest (Section 14) Sectional Contents
  45. 45. Ivory Coast Profile - Overview vGrowth in the economy of the Ivory Coast has accelerated in recent years, with 7.9% GDP growth in 2014 and 8.2% growth in 2015. vFollowing the return of political stability after the 2010-2011 civil war, the economy has bounced back after a decade of stagnation that culminated in the civil war. vLarge scale infrastructure development that will encourage growth is expected in the 2017 to 2020 period, with average GDP growth of 7.2% a year anticipated. vThe country currently has a sovereign risk rating of B, despite the high levels of growth demonstrated in recent years. vAgriculture is the largest sector in the economy, and the country is the largest producer of cocoa in the world, producing 40% of global output. It also produces palm oil, rubber, coffee, crude oil and mines gold and manganese. GDP US$35.5 bn Population 23.3 mn GDP growth 7.7% (2016-20) Country Risk B (A – low risk; E – high risk) Doing Business 142nd (Out of 190) Corruption 32 (100 – least corrupt; 0 – most corrupt Key Indicators Source: Timetric
  46. 46. MEP Market in Ivory Coast- 2010 to 2020: Figures in USD Mln Source: Company Calculations on Construction Output Value Furnished by TIMETRIC 0.43 0.43 0.74 1.01 1.16 1.28 1.70 2.25 2.85 3.54 4.12 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Ivory Coast Leisure and Hospitality Buildings 2 2 3 4 5 5 7 8 10 11 13 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Ivory Coast Retail Buildings 0.41 0.41 0.69 0.81 0.88 0.97 1.25 1.54 1.87 2.19 2.50 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Ivory Coast Healthcare Buildings 0.16 0.17 0.33 0.39 0.44 0.49 0.66 0.88 1.14 1.44 1.75 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Ivory Coast Food processing 1.94 1.97 3.50 5.02 5.65 6.27 8.18 10.41 12.72 15.11 17.49 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Ivory Coast Commercial 4.67 4.73 8.20 11.55 12.99 14.26 18.47 23.37 28.40 33.64 38.77 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Ivory Coast Total
  47. 47. Ivory Coast Profile – Leisure & Hospitality v The tourist industry was well developed in the Ivory Coast in the late 1990s, but two civil wars (2002 and 2011) decimating the industry and significantly reduced the number of hotels throughout the country. v Nevertheless, following the return of political stability in recent years the tourist industry has rebounded, in part due to a growth in business tourism. Main Hotel Chains v Sofitel Hotels – 426 rooms v Radisson Blu – 270 rooms v Novotel Hotels – 258 rooms v Ibis Hotels – 247 rooms Source: Hotel websites Total Construction Output Value, US$ Mln Key Metrics Hotel rooms 10,000 EST International visitors 2,527,000 2014 Capital investment US$80 mn 2016 Project Name Value, US$ mn Stage Constr uction Start Construct ion Complete Locatio n Abidjan Aerocite Mixed-Use Development 2,075 Planning Q3 2018 Q4 2023 Abidjan Abidjan Hotel Development 113 Planning 2015 2018 Abidjan Abidjan Five Star Hotel 62 Planning Q1 2018 Q4 2020 Abidjan Source: Timetric 14 14 25 34 39 43 57 75 95 118 137 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
  48. 48. Ivory Coast Profile – Food Processing v The Ivory Coast is the largest producer of cocoa in the world, the central ingredient of chocolate products. In the crop year 2015/2016 the Ivory Coast produced 1,690,000 tonnes, a slight fall from 1,796,000 in 2014/2015. v Traditionally, the majority of cocoa produced was exported abroad for processing, however in recent years the government has increased efforts to process a greater amount of cocoa domestically in order to retain greater value. Total Construction Output Value, US$ Mln • Cocoa and cocoa by- products • Coffee • Pineapples • Bananas • Corn • Tapioca • Edible Oils • Sweet Potatoes • Miscellaneous foods • Sugar and confectionery • Meat and dairy products • Fish products Major Types of Food Processing Activity Exported value in 2016 US$ mn Cocoa and cocoa preparations 12,878.5 Miscellaneous edible preparations 387.9 Preparations of cereals, flour, starch or milk 128.3 Preparations of meat, of fish or of crustaceans 143.1 Preparations of vegetables, fruit, nuts 36.3 Sugars and sugar confectionery 64.0 Source: Timetric Key Metrics Project Name Value , US$ mn Stage Constru ction Start Constru ction Complet e Location Abidjan Brassivoire Brewery Plant 162 Construct ion Complete Q4 2015 Q1 2017 Abidjan Source: Timetric 5 6 11 13 15 16 22 29 38 48 58 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
  49. 49. v The Ivory Coast previously had a more established healthcare system that included large hospitals and clinics in Abidjan, Bouake, Daloa and Korhogo. v However, civil wars in 2002 and 2011 wrecked the system and many health professionals left the country, with a shortage of staff remaining an issue today. Ivory Coast Profile – Healthcare Total Construction Output Value, US$ Mln Key Metrics Hospital beds 7,395 2006 Hospital project owners Agronomix Project Name Value , US$ mn Stage Construc tion Start Construc tion Complet e Location Abidjan New City Benene Development 233 Design Q1 2018 Q4 2020 Abidjan Source: Timetric 14 14 23 27 29 32 42 51 62 73 83 0 10 20 30 40 50 60 70 80 90 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
  50. 50. Ivory Coast Profile – Retail v Prosuma is the most established with retail, wholesale and distribution networks and they also own the Cap Sun and Cap Nord shopping centres in Abidjan. v CDCI is another established company and is the owner of the King Cash retail network, selling budget food and non-food items. Total Construction Output value, US$ Mln v AT Kearney in their Africa Retail Development Index states there is a basic level of development of retail activity and give the Ivory Coast a ARDI rank of 13. v There is 61,000 sq m of gross leasable area in Abidjan, Ivory Coast which equates to 13 sq m/1000 people. Key Metrics Completed shopping center floorspace Abidjan has 5 large malls in the city center: CFAO & Carrefour Mall: 20,000 sq m Cap Sud Mall (Marcory): 3,000 sq m Cap Nord Mall (Cocody): 4,700 sq m including 1,400 sq m of supermarket and 1,900 sq m of retail space excluding supermarkets. Prima Center Mall (Marcory): 2,200 sq m Espace Latrille Mall (Cocody): 3,200 sq m Project Name Value , US$ mn Stage Constru ction Start Constru ction Complet e Location Abidjan Aerocite Mixed-Use Development 2,075 Planning Q3 2018 Q4 2023 Abidjan Abidjan New City Benene Development 233 Design Q1 2018 Q4 2020 Abidjan Source: Timetric 58 58 98 144 162 175 222 276 328 379 430 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
  51. 51. Ivory Coast Profile – Commercial v The majority of multinationals establishing headquarters in the Ivory Coast focus on Abidjan, given its position as the main economic centre of the country, despite not being the capital of the country. v The Plateau district is where the majority of Grade A international quality office buildings are located, and therefore it is the area with the highest demand among large firms. Total Construction Output Value, US$ Mln Key Metrics Gross Lettable Area There is 150,000 sq m of total gross lettable office space in Abidjan. Project Name Value , US$ mn Stage Constru ction Start Constru ction Comple te Location Abidjan Aerocite Mixed-Use Development 2,075 Plannin g Q3 2018 Q4 2023 Abidjan Abidjan Tour Postel 2001 Renovation 30 Executio n Q3 2015 Q1 2017 Abidjan Abidjan Headquarters Building 26 Plannin g Q1 2017 Q1 2020 Abidjan Source: Timetric 65 66 117 167 188 209 273 347 424 504 583 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
  52. 52. 1. Objectives of the Project 2. Regional Economic Overview of Africa (Section 1) 3. MEP Market in Select African Countries (Section 2) 4. MEP Market in Nigeria (Section 3) 5. MEP Market in Ghana (Section 4) 6. MEP Market in Ivory Coast (Section 5) 7. MEP Market in Kenya (Section 6) 8. MEP Market in Senegal (Section7) 9. MEP Market in South Africa (Section 8) 10. MEP Market in Tanzania (Section 9) 11. MEP Market in Indonesia (Section 10) 12. MEP Market in Philippines (Section 11) 13. MEP Market in Vietnam (Section 12) 14. MEP Market in Myanmar (Section 13) 15. Company’s Strategic Programme for the Countries of Interest (Section 14) Sectional Contents
  53. 53. Kenya Profile - Overview v In terms of economic health, Kenya remains one of the strongest performing economies in its region, with GDP growth rates above 5% throughout 2016, with mining and quarrying in particular driving growth. v The current-account deficit remains high, although this is somewhat offset by healthy currency reserves and effective monetary policy. v Banking sector risk has been increased owing to the government’s interest rate cap introduced in September 2016, with subsequent reductions in banking sector lending to the private. v The central bank must also exhibit a tougher stance market regulation, due to concerns relating to corruption and a lack of financial oversight among certain lenders. v Political risk is a key concern in Kenya with presidential elections scheduled for August 2017. GDP US$67.5 bn Population 47.3 mn GDP growth 6.2% (2016-20) Country Risk B (A – low risk; E – high risk) Doing Business 92nd (Out of 190) Corruption 25 (100 – least corrupt; 0 – most corrupt Key Indicators Source: Timetric
  54. 54. MEP Market in Kenya- 2010 to 2020: Figures in USD Mln Source: Company's Calculations on Construction Output Value Furnished by TIMETRIC 1.61 1.53 1.89 2.05 2.27 2.44 2.82 3.33 3.90 4.51 5.24 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Kenya Leisure and Hospitality Buildings 7 7 9 9 11 11 12 13 14 15 16 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Kenya Retail Buildings 2 2 3 3 3 3 3 4 4 4 5 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Kenya Healthcare Buildings 0.56 0.56 0.67 0.77 0.88 0.91 1.02 1.12 1.22 1.33 1.45 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Kenya Food processing 11 10 13 14 16 17 19 22 26 30 34 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Kenya Commercial 22 22 27 29 33 34 38 43 49 55 61 0 10 20 30 40 50 60 70 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Kenya Total
  55. 55. Kenya Profile – Leisure & Hospitality v Kenya has a strong tourism industry, and is recognised among international travellers as an ideal location for safari trips, with 7.5% of the total country protected wildlife conservation areas. It also has 836 km of beaches, with numerous resorts along the coast. v Tourism is an important source of foreign exchange for Kenya, however international tourism in Kenya has displayed a downward trend in recent years, falling by 12.6% from 2014 to 2015. Main hotel chains Sarova Hotels – 768 rooms Serena Hotels – 610 rooms Sentrim Hotels – 406 rooms Hilton Hotels – 287 rooms Radisson Blu – 271 rooms Source: Hotel websites Total Construction Output Value, US$ Mln Source: Timetric Key Metrics Hotel rooms 37,378 2015 International visitors 1,261,000 2014 Capital investment US$862 mn 2016 Project Name Value , US$ mn Stage Constru ction Start Constru ction Complet e Location Nairobi Konza Technology City 14,500 Executio n Q4 2016 Q4 2036 Nairobi Area Bomas International Conference and Exhibition Center 561 Pre- Tender Q2 2018 Q4 2019 Nairobi Area Wyndham Amboseli Golf Resort and Spa 200 Design Q3 2017 Q4 2018 Nairobi Area Hass Towers Commercial Complex 180 Executio n Q4 2016 Q4 2020 Nairobi Area Isiolo Resort City 170 Planning Q1 2018 Q4 2020 Isiolo Westlands Mixed-Use Complex 98 Executio n Q3 2015 Q4 2018 Nairobi Area Four Points by Sheraton Nairobi Airport 60 Executio n Q1 2016 Q4 2017 Nairobi Area Source: Timetric 54 51 63 68 76 81 94 111 130 150 175 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
  56. 56. Kenya Profile – Food Processing v The Kenyan food-processing sector (including beverages and tobacco) remains the largest component of the manufacturing industry. v The majority of food processing companies in the country are small, employing less than 50 people, but there is currently widespread investment in food processing facilities by larger companies. Total Construction Output Value, US$ Mln Source: Timetric Exported value in 2016 US$ mn Cocoa and cocoa preparations 6.9 Miscellaneous edible preparations 29.5 Preparations of cereals, flour, starch or milk 8.4 Preparations of meat, of fish or of crustaceans 8.3 Preparations of vegetables, fruit, nuts 151.5 Sugars and sugar confectionery 64.3 Key Metrics Project Name Value , US$ mn Stage Constru ction Start Constru ction Complet e Location Mavoko Manufacturing Facility 63 Executio n Q2 2015 Q2 2017 Machakos Kericho Sugar Manufacturing Plant 58 Planning 2017 Q2 2018 Kericho Thika Beverage Plant 40 Executio n 2016 Q2 2017 Thika Nakuru Milk Processing Facility 30 Executio n Q3 2016 Q2 2017 Nakuru Source: Timetric 19 19 22 26 29 30 34 37 41 44 48 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
  57. 57. Kenya Profile – Healthcare v The Kenyan healthcare sector is split between three main providers - public sector, private sector and faith based organisations. In total there are around 7,000 separate healthcare facilities in Kenya. v The private sector in particular is expected to post growth with businesses recognising the need to satisfy the increasing demand for high quality services. Total Construction Output Value, US$ Mln Key Metrics Source: Timetric Hospital beds 56,460 2010 Hospital project owners v Ruby Hall Clinic (RHC) and Africa Medicity Limited (AFL); v Ministry of Health; County Government of Kakamega (CGK); v The Nairobi Hospital Project Name Value , US$ mn Stage Constru ction Start Constru ction Comple te Location Nairobi Konza Technology City 14,500 Executio n Q4 2016 Q4 2036 Nairobi Area Eldoret Referral Hospital Development 563 Executio n Q4 2016 Q4 2019 Uasin Gishu Green Isinya City Housing Development 247 Plannin g Q1 2018 Q2 2020 Kajiado Nairobi Hospital Development 95 Plannin g Q1 2018 Q4 2019 Nairobi Area Kakamega Teaching and Referral Hospital 58 Executio n Q2 2016 Q4 2019 Kakamega Nairobi Hospital Expansion 55 Executio n Q1 2017 Q2 2019 Nairobi Area East Africa Kidney Institute 38 Tender Q3 2017 Q4 2019 Nairobi Area Kasarani Children's Hospital 32 On Hold Q3 2015 Hold On Nairobi Area Kenyatta National Hospital Private Unit Expansion 31 Pre- Tender Q1 2018 Q4 2020 Nairobi Area Source: Timetric 64 65 85 91 103 103 114 125 135 145 152 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
  58. 58. Kenya Profile – Retail v The general outlook for the Kenyan retail sector is strong, supported by continued GDP growth and improved consumer purchasing power. v Retail sales have grown from US$10 bn in 2005 to over US$25 bn by 2014. By 2019 this figure is expected to surpass US$40bn. Food accounted for 65% of total retail sales in 2014. Total Construction Output Value, US$Mln Key Metrics Source: Timetric Completed shopping center floorspace Kenya’s capital Nairobi has a gross leasable area (sq m/1,000 people) of 104 and an overall gross leasable area of 391,000 sq m. Project Name Value , US$ mn Stage Constru ction Start Constru ction Comple te Location Tatu City Mixed-Use Development 5,000 Executio n Q4 2015 Q4 2030 Nairobi Area Athi River Economic Zone Development 750 Plannin g Q2 2018 Q2 2020 Nairobi Area Green Isinya City Housing Development 247 Plannin g Q1 2018 Q2 2020 Kajiado Elono Plains Mixed-Use Development 200 Executio n Q3 2016 Q4 2020 Nairobi Area Upper Hill Mixed-Use Tower 54 Plannin g Q1 2018 Q4 2019 Nairobi Area Naivasha Mixed-Use Development 40 Executio n Q4 2015 Q4 2019 Nakuru Crystal Rivers Mixed-Use Development 40 Executio n Q2 2015 Q4 2018 Machakos Meru Rising Tower 25 Plannin g Q3 2017 Q4 2019 Meru Source: Timetric 246 237 293 316 358 361 391 429 465 498 530 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
  59. 59. Kenya Profile – Commercial v There is currently widespread growth and development in all commercial property sectors, especially in the capital, Nairobi. Solid economic growth combined with stable inflation has boosted the commercial property market, with surging prices in numerous areas. v A key government policy has been to create satellite cities to ease pressure on Nairobi, which lacks the infrastructure to deal with the influx of people from rural regions that has occurred over the last decade. Total Construction Output Value, US$ Mln Key Metrics Gross Lettable Area There was 733,058 sq m of lettable office space in 2015, of which 340,000 sq m was in Nairobi. Project Name Valu e, US$ mn Stage Constru ction Start Constru ction Comple te Location Nairobi Konza Technology City 14,500 Executio n Q4 2016 Q4 2036 Nairobi Area Tatu City Mixed-Use Development 5,000 Executio n Q4 2015 Q4 2030 Nairobi Area Athi River Economic Zone Development 750 Planning Q2 2018 Q2 2020 Nairobi Area Green Isinya City Housing Development 247 Planning Q1 2018 Q2 2020 Kajiado Hass Towers Commercial Complex 180 Executio n Q4 2016 Q4 2020 Nairobi Area Westlands Mixed-Use Complex 98 Executio n Q3 2015 Q4 2018 Nairobi Area Akili Mixed-use Tower 55 Planning Q2 2017 Q4 2018 Nairobi Area Upper Hill Mixed-Use Tower 54 Planning Q1 2018 Q4 2019 Nairobi Area Upper Hill Commercial Building Development 39 Planning Q1 2018 Q4 2021 Nairobi Area Westlands Office Building 28 EPC Award Q2 2017 Q2 2019 Nairobi Area Source: Timetric 363 349 430 461 526 559 639 745 863 989 1140 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
  60. 60. 1. Objectives of the Project 2. Regional Economic Overview of Africa (Section 1) 3. MEP Market in Select African Countries (Section 2) 4. MEP Market in Nigeria (Section 3) 5. MEP Market in Ghana (Section 4) 6. MEP Market in Ivory Coast (Section 5) 7. MEP Market in Kenya (Section 6) 8. MEP Market in Senegal (Section7) 9. MEP Market in South Africa (Section 8) 10. MEP Market in Tanzania (Section 9) 11. MEP Market in Indonesia (Section 10) 12. MEP Market in Philippines (Section 11) 13. MEP Market in Vietnam (Section 12) 14. MEP Market in Myanmar (Section 13) 15. Company’s Strategic Programme for the Countries of Interest (Section 14) Sectional Contents
  61. 61. Senegal Profile - Overview vUnder its Emerging Senegal Plan (PSE), the government of Senegal is pursuing ambitious plans for economic reforms and a series of investments intended to double economic growth in 2014-2017. vThe plan calls for concerted efforts to promote private sector investment across the agribusiness, mining, tourism, housing, and infrastructure sectors. vMoreover, the government has made progress in several reforms to facilitate private investment, including improving the business climate, a new law on public-private partnerships (PPPs), and land-tenure reforms. vEconomic growth remained strong in 2016. The primary sector is the fastest growing sector, with extractives, fishing, and agriculture dominating the economy. vOver the year, the agriculture sector was buoyed by good rainfall and positive results from government programs (including groundnuts, rice, and horticulture). GDP US$14.9 bn Population 14.5 mn GDP growth 6.9% (2016-20) Country Risk B (A – low risk; E – high risk) Doing Business 147th (Out of 190) Corruption 44 (100 – least corrupt; 0 – most corrupt Key Indicators Source: Timetric
  62. 62. MEP Market in Senegal- 2010 to 2020: Figures in USD Mln Source: Company Calculations on Construction Output Value Furnished by TIMETRIC 1.21 1.45 1.33 1.44 1.62 1.49 1.66 1.86 2.06 2.30 2.57 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Senegal Leisure and Hospitality Buildings 2.91 3.55 3.26 3.55 3.95 3.54 3.84 4.18 4.54 4.96 5.45 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Senegal Retail Buildings 2 2 2 2 2 2 2 2 2 3 3 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Senegal Healthcare Buildings 0.27 0.32 0.29 0.31 0.35 0.31 0.33 0.35 0.38 0.41 0.44 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Senegal Food processing 5 6 6 6 7 6 7 7 8 9 9 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Senegal Commercial 11 13 12 13 15 13 15 16 17 19 21 0 5 10 15 20 25 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Senegal Total
  63. 63. Senegal Profile – Leisure & Hospitality v The Senegalese government is aware of the importance of the travel and tourism industry to the development of internal economy. v As a result, the current government´s objective is to increase the number of tourists to two million by 2019, and Senegal is likely to focus on improving its infrastructure. Main hotel chains v Radisson Blu Hotel – 241 rooms v Hôtel Fleur – 112 rooms v Terrou-Bi Beach & Casino Resort – 168 rooms Source: Hotel websites Total Construction Output Value, US$ Mln Key Metrics Hotel rooms 15,842 2005 International visitors 836,000 2014 Capital investment US$128.2 mn 2016 Project Name Valu e, US$ mn Stag e Constru ction Start Constru ction Comple te Location Aristide Le Dantec Hospital Redevelopment 133 Study Q2 2018 Q2 2020 Dakar Saraba Village Resort Development 70 Plannin g Q2 2017 Q4 2018 Thies Dakar Hotel Development 35 Executi on Q2 2016 Q1 2018 Dakar Source: Timetric 40 48 44 48 54 50 55 62 69 77 86 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
  64. 64. Senegal Profile – Food Processing v Aid to the agricultural sector has been proving positive in supporting the Senegalese government’s sectoral development principle, the Accelerated Growth Strategy (SCA). v Senegal has started to attract foreign investment in the export-oriented horticultural sector. Key Metrics • Ground nuts • Canned Fish • Tomato concentrates • Sugar refining • Flour milling • Soda water • Milk Powder Major Types of Food Processing Activity Exported value in 2016 US$ mn Cocoa and cocoa preparations 16.7 Miscellaneous edible preparations 375.2 Preparations of cereals, flour, starch or milk 146.3 Preparations of meat, of fish or of crustaceans 38.9 Preparations of vegetables, fruit, nuts 24.1 Sugars and sugar confectionery 9.1 Total Construction Output Value, US$ Mln Source: Timetric 9 11 10 10 12 10 11 12 13 14 15 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
  65. 65. Senegal Profile – Healthcare v A good level of medical treatment is generally available in the capital, with many of the country’s doctors working in Dakar. v Outside of the capital city, however, and in rural areas in particular, the situation is generally poor. Total Construction Output Value, US$ Mln Key Metrics Hospital beds 3,669 2008 Source: Timetric 50 59 54 59 66 60 66 73 81 89 99 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
  66. 66. Senegal Profile – Retail v The retail segment in Senegal offers many long-term growth opportunities, with only two international competitors and little local competition in the modern segment. v The highly unsaturated market does offer companies strong economic growth and a burgeoning retail sector. Total Construction Output Value, US$ Mln v Senegal ranks tenth on AT Kearney’s 2015 African Retail Development Index. v Market attractiveness is quite low due to the high incidence of poverty in the country and low incomes, but economic growth remains strong and retail spending is expected to continue growing. v Moreover, country risk is fairly low for the West Africa region, and the market is highly unsaturated. Key Metrics Completed shopping center floorspace Dakar - 45,000 sq m Source: Timetric 97 118 109 118 132 118 128 139 151 165 182 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
  67. 67. Senegal Profile – Commercial v The office market in Senegal is primarily located in the capital city, Dakar. v The largest office submarket, Plateau, is located towards the south of the peninsula, with a number of government agencies being located in this part of the city. Total Construction Output Value, US$ Mln Key Metrics Gross Lettable Area An estimated 80,000 sq m total for office buildings in Dakar Project Name Value , US$ mn Stage Constru ction Start Constru ction Complet e Location Diamniadio Technology Park 120 Executio n Q2 2015 Q4 2020 Dakar Dakar Arena Multipurpose Sports Complex 38 Executio n 2016 Q2 2018 Dakar Dakar Expo Center 25 Executio n 2016 Q4 2018 Dakar Source: Timetric 170 208 191 208 231 209 226 244 264 286 312 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
  68. 68. 1. Objectives of the Project 2. Regional Economic Overview of Africa (Section 1) 3. MEP Market in Select African Countries (Section 2) 4. MEP Market in Nigeria (Section 3) 5. MEP Market in Ghana (Section 4) 6. MEP Market in Ivory Coast (Section 5) 7. MEP Market in Kenya (Section 6) 8. MEP Market in Senegal (Section7) 9. MEP Market in South Africa (Section 8) 10. MEP Market in Tanzania (Section 9) 11. MEP Market in Indonesia (Section 10) 12. MEP Market in Philippines (Section 11) 13. MEP Market in Vietnam (Section 12) 14. MEP Market in Myanmar (Section 13) 15. Company’s Strategic Programme for the Countries of Interest (Section 14) Sectional Contents
  69. 69. South Africa Profile - Overview vEconomic growth in South Africa was fairly weak in 2016, chiefly on the back of depressed commodity demand from China, low global commodity prices, low investment, erratic capital flows, and low consumer and business confidence. vPersistent electricity shortages have had a knock-on effect throughout the economy, and severe drought has weakened the agriculture sector, and the sector’s contribution to real GDP has been dramatically curtailed. vNevertheless, economic growth is projected to rebound in 2017 and strengthen further in 2018, driven by household consumption and investment. vIn particular, the improvement in electricity production should remove bottlenecks and boost confidence and, therefore investment, provided that political uncertainties dissipate. vSome opportunities may be relatively limited, however, due to the highly saturated segments across much of this developed economy, particularly compared to other emerging markets in Sub Saharan Africa. GDP US$290.9 bn Population 49.8 mn GDP growth 1.8% (2016-20) Country Risk B (A – low risk; E – high risk) Doing Business 74th (Out of 190) Corruption 44 (100 – least corrupt; 0 – most corrupt Key Indicators Source: Timetric
  70. 70. MEP Market in South Africa- 2010 to 2020: Figures in USD Mln Source: Company’s Calculations on Construction Output Value Furnished by TIMETRIC 28 16 9 7 8 7 6 6 7 7 7 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 South Africa Leisure and Hospitality Buildings 67 74 59 48 57 50 45 45 46 46 47 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 South Africa Retail Buildings 8 11 10 9 9 8 7 7 7 7 7 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 South Africa Healthcare Buildings 5 5 6 4 4 4 3 3 3 3 3 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 South Africa Food processing 83 64 72 96 78 70 65 68 72 75 78 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 South Africa Commercial 191 170 156 164 155 138 127 130 134 138 142 0 50 100 150 200 250 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 South Africa Total
  71. 71. South Africa Profile – Leisure & Hospitality v Stringent visa regulations, regional concerns regarding the Ebola virus, and broader economic downturn weighed on international tourism flows into South Africa in 2015. v In 2016, however, the devaluation of the rand against major currencies and the relaxation of visa regulations had a positive impact on the tourism industry in South Africa. Total Construction Output Value, US$ Mln Key Metrics Hotel rooms 61,445 2015 International visitors 9,736,000 2015 Capital investment US$4,328 mn 2016 Project Name Valu e, US$ mn Stage Constru ction Start Constru ction Comple te Location Roodepoort Precinct Development 1,000 Plannin g Q2 2018 Q4 2022 Gauteng Blue Rock Village Mixed-Use Development 900 Plannin g Q4 2017 Q4 2022 Western Cape Rietfontein Farm 61R Mixed-Use Development 500 Plannin g Q1 2018 Q4 2022 Gauteng Plettenberg Bay Harbour Development 438 Plannin g Q4 2018 Q4 2022 Western Cape Times Square at Menlyn Maine 295 Executi on Q4 2015 Q1 2018 Gauteng The Oceans Umhlanga Development 285 Executi on Q4 2016 Q4 2019 KwaZulu- Natal The Central Mixed-Use Development 150 Executi on Q1 2016 Q4 2017 Gauteng Loftus Park Commercial Development 115 Executi on Q2 2016 Q4 2019 Gauteng The Yacht Club Mixed-Use Development 87 Executi on Q4 2016 Q2 2018 Western Cape Centurion Hotel Development 84 Plannin g Q2 2017 Q1 2018 Gauteng Source: Timetric 928 533 289 218 273 238 216 216 218 221 222 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
  72. 72. South Africa Profile – Food Processing v South Africa’s food processing industry obtains the majority of its primary inputs from the country’s agricultural sector, creating strong backward linkages. v Further, there are strong forward linkages with the tertiary sector, which consists of trade, transport and finance. Total Construction Output Value, US$ Mln • Aquaculture (marine and fresh water sub-sector) • Floriculture • Fruit and vegetables • Dairy • Meat (poultry, exotic meat, ostrich, equine, sheep, beef and goat) • Grains • Edible oils • Sugar and confectionery sector Major Types of Food Processing Activity Exported value in 2016 US$ mn Cocoa and cocoa preparations 184.9 Miscellaneous edible preparations 1,255.7 Preparations of cereals, flour, starch or milk 656.5 Preparations of meat, of fish or of crustaceans 375.3 Preparations of vegetables, fruit, nuts 1,830.6 Sugars and sugar confectionery 1,264.7 Key Metrics Project Name Value , US$ mn Stage Constru ction Start Constru ction Complet e Location Halaal Agri-Processing Facility 72 Study Q3 2018 Q4 2020 Western Cape Tshwane Food and Energy Center 40 Constructi on Complete Q2 2015 Q2 2016 Gauteng Source: Timetric 163 165 200 145 136 118 107 107 109 111 112 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
  73. 73. South Africa Profile – Healthcare v South Africa has over 400 public hospitals and more than 200 private hospitals. The public sector provides health care for 80% of the population, but it accounted for less than 50% of total health care spending in 2012. v Provincial health departments manage the larger regional hospitals directly, while smaller hospitals and primary care clinics are managed at the district level. Total Construction Output Value, US$ Mln Key Metrics Hospital beds 117,841 2010 Project Name Valu e, US$ mn Stag e Constr uction Start Constr uction Comple te Location Rietfontein Farm 61R Mixed- Use Development 500 Plannin g Q1 2018 Q4 2022 Gauteng Dr Pixley Ka Isaka Seme Memorial Hospital Development 179 Executi on Q1 2015 Q1 2019 KwaZulu- Natal Kempton Park Hospital Redevelopment 109 Plannin g Q1 2018 Q3 2019 Gauteng Siloam Hospital Redevelopment 72 EPC Award Q1 2017 Q2 2018 Limpopo New GF Jooste Hospital Development 58 Plannin g Q2 2018 Q3 2023 Western Cape The OriginHealth Fairview Hospital 54 Executi on Q3 2015 Q1 2018 Eastern Cape Isiphethu District Hospital Upgrade 30 Executi on Q4 2016 Q4 2019 Eastern Cape Khutsong TB Hospital Upgrade 26 EPC Award Q1 2018 Q4 2018 Eastern Cape Nessie Knight District Hospital Upgrade 25 Executi on Q3 2016 Q4 2018 Eastern Cape Source: Timetric 271 364 336 285 292 252 228 228 230 231 232 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
  74. 74. South Africa Profile – Retail v The total shopping centre floor area per 100 inhabitants is a good indicator of the level of supply in relation to the total population, and is also an indirect indication of disposable income per capita per country. v South Africa has 40 m² per 100 people. Metropolitan centres represent 66% of the total, cities 11%, towns 19%, and rural areas 4%. Total Construction Output Value, US$ Mln Key Metrics Completed shopping center floorspace South Africa has 1,785 shopping centres larger than 2,000 sq m. In the 2,000 sq m - 20,000 sq m size category, South Africa has 901 centres, and 144 shopping centres between 20,000 sq m - 40,000 sq m. Almost 75% of all shopping centres are located in Gauteng, the Western Cape, and KwaZulu-Natal. South Africa has 23,000,000 sq m of shopping centre floor space Project Name Valu e, US$ mn Stag e Constr uction Start Constr uction Comple te Location Coega Ridge Mixed-Use Development 1,655 Plannin g Q1 2018 Q4 2028 Eastern Cape Roodepoort Precinct Development 1,000 Plannin g Q2 2018 Q4 2022 Gauteng Blue Rock Village Mixed-Use Development 900 Plannin g Q4 2017 Q4 2022 Western Cape Vaal River City Mixed-Use Development 793 Plannin g Q4 2017 Q4 2030 Gauteng Athlone Power Station Site Redevelopment 717 Study Q2 2018 Q4 2020 Western Cape Rietfontein Farm 61R Mixed- Use Development 500 Plannin g Q1 2018 Q4 2022 Gauteng Pinelands Mixed-Use Community 500 Plannin g Q2 2018 Q4 2024 Western Cape Source: Timetric 2228 2465 1951 1602 1889 1651 1501 1506 1532 1549 1566 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
  75. 75. South Africa Profile – Commercial v Gauteng continues to dominate office investment activity, with the province accounting for some 60% of office space investment in 2015. This has declined from 70% of investment in 2014. v Larger cities, such as Johannesburg and Cape Town, are becoming saturated due to rising competition and more established commercial property sectors. Total Construction Output Value, US$ Mln Key Metrics Gross Lettable Area There was 733,058 m2 total for office buildings in 2015 Project Name Valu e, US$ mn Stag e Constr uction Start Constr uction Compl ete Locatio n Coega Ridge Mixed-Use Development 1,655 Plannin g Q1 2018 Q4 2028 Eastern Cape Roodepoort Precinct Development 1,000 Plannin g Q2 2018 Q4 2022 Gauteng Vaal River City Mixed-Use Development 793 Plannin g Q4 2017 Q4 2030 Gauteng Rietfontein Farm 61R Mixed- Use Development 500 Plannin g Q1 2018 Q4 2022 Gauteng Pinelands Mixed-Use Community 500 Plannin g Q2 2018 Q4 2024 Western Cape Plettenberg Bay Harbour Development 438 Plannin g Q4 2018 Q4 2022 Western Cape Richmond Park Mixed-Use Development 365 Executi on Q3 2016 Q4 2019 Western Cape The Central Mixed-Use Development 150 Executi on Q1 2016 Q4 2017 Gauteng Waterfall City Headquarters Building 131 Executi on Q2 2015 Q1 2018 Gauteng Loftus Park Commercial Development 115 Executi on Q2 2016 Q4 2019 Gauteng Source: Timetric 2764 2142 2411 3206 2583 2335 2178 2264 2386 2489 2588 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
  76. 76. 1. Objectives of the Project 2. Regional Economic Overview of Africa (Section 1) 3. MEP Market in Select African Countries (Section 2) 4. MEP Market in Nigeria (Section 3) 5. MEP Market in Ghana (Section 4) 6. MEP Market in Ivory Coast (Section 5) 7. MEP Market in Kenya (Section 6) 8. MEP Market in Senegal (Section7) 9. MEP Market in South Africa (Section 8) 10. MEP Market in Tanzania (Section 9) 11. MEP Market in Indonesia (Section 10) 12. MEP Market in Philippines (Section 11) 13. MEP Market in Vietnam (Section 12) 14. MEP Market in Myanmar (Section 13) 15. Company’s Strategic Programme for the Countries of Interest (Section 14) Sectional Contents
  77. 77. Tanzania Profile - Overview vInadequate power and transport infrastructure is a constraint to business in Tanzania. vReport suggest that many companies, particularly in power-intensive industries, have developed their own sources of electricity-generation rather than relying on the national grid. vFurther, online retailers lament the lack of paved roads and proper street addresses, which makes delivering goods difficult. vTanzania is implementing large-scale infrastructure projects such as the Chinese-funded 542km natural gas pipeline from Mwaura, in the south, to Dar es Salaam, aimed at improving power generation. vTanzania is upgrading of the railway infrastructure on the Dar es Saalam- Isaka section of the East African Central Corridor; and establishing a new US$11bn port and special economic zone in Bagamoyo. Construction of new roads is also ongoing. vWhile business leaders cite political stability as one of the benefits of operating in Tanzania, corruption remains a key concern. vBusiness success in Tanzania requires companies to have local managers who are well versed in the local environment. Limited skilled talent in a competitive labour market is, however, a challenge. GDP US$46.1 bn Population 49.8 mn GDP growth 6.7% (2016-20) Country Risk C (A – low risk; E – high risk) Doing Business 132nd (Out of 190) Corruption 30 (100 – least corrupt; 0 – most corrupt Key Indicators Source: Timetric
  78. 78. MEP Market in Tanzania- 2010 to 2020: Figures in USD Mln Source: Company’s Calculations on Construction Output Value Furnished by TIMETRIC 5 5 4 5 7 7 7 8 9 9 11 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Tanzania Leisure and Hospitality Buildings 10 14 14 16 23 23 23 24 26 28 31 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Tanzania Retail Buildings 5 6 7 9 12 13 13 14 15 15 16 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Tanzania Healthcare Buildings 0 1 1 1 1 1 1 1 1 2 2 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Tanzania Food processing 12 14 17 25 29 30 31 33 36 39 44 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Tanzania Commercial 33 39 42 56 72 75 75 80 87 94 103 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Tanzania Total
  79. 79. Tanzania Profile – Leisure & Hospitality v Tanzania is a country with many tourist attractions, and approximately 38% of Tanzania's land area is set aside in protected areas for conservation. There are 16 national parks, 29 game reserves, 40 controlled conservation areas, and marine parks. Tanzania is also home to Mount Kilimanjaro, the highest point in Africa. Main Hotel Chains v Hyatt Hotels – 216 rooms v Best Western – 152 rooms v Marriot Hotels – 122 rooms v Four Seasons – 77 rooms Source: Hotel websites Total Construction Output Value, US$ Mln Key Metrics Hotel rooms 37,712 2015 International visitors 1,113,000 2014 Capital investment US$1,201.5 mn 2016 Project Name Valu e, US$ mn Stag e Constru ction Start Constru ction Comple te Location Zanzibar Amber Resort 1,600 Executi on Q1 2017 Q4 2024 Zanzibar Urban/Wes t Hyatt Regency Arusha 50 Executi on Q1 2015 Q4 2017 Arusha Verde Hotels Development 25 Executi on Q4 2016 Q1 2018 Zanzibar Urban/Wes t Element Oyster Bay Dar Es Salaam Hotel 25 Plannin g Q3 2017 Q4 2018 Dar es Salaam Source: Timetric 154 151 138 161 226 237 242 262 288 314 352 0 50 100 150 200 250 300 350 400 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
  80. 80. Tanzania Profile – Food Processing v Currently, the vast majority of Tanzania’s agricultural produce is exported raw or unprocessed. v Opportunities in processing and other value adding activities from agricultural raw materials are beginning to emerge as local and foreign investors increasingly recognize this sector’s potential. Total Construction Output Value, US$ Mln Exported value in 2016 US$ mn Cocoa and cocoa preparations 62.0 Miscellaneous edible preparations 10.0 Preparations of cereals, flour, starch or milk 12.6 Preparations of meat, of fish or of crustaceans 1.7 Preparations of vegetables, fruit, nuts 76.0 Sugars and sugar confectionery 160.4 Source: Timetric Key Metrics Major Types of Food Processing Activity Project Name Valu e, US$ mn Stag e Constru ction Start Constru ction Comple te Location Iringa Malting Plant 50 Plannin g Q4 2017 Q4 2018 Iringa Mtwara Cashew Nut Processing Plant 40 Plannin g Q1 2018 Q4 2019 Mtwara Source: Timetric 16 19 21 27 36 38 39 43 48 51 55 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
  81. 81. Tanzania Profile – Healthcare v As with many developing countries, those in urban areas have better access to private and public medical facilities. Insurance has only been introduced in recent years, although pension schemes have been around longer. v In 2009 there were over 7,000 reported cases, due primarily to poor sanitation. v Additionally, the HIV/AIDS epidemic also puts a huge strain on Tanzania’s health care system. Around 1.2 million adults (aged 15 or over) live with the disease, accounting for over 5% of the adult population. Total Construction Output Value, US$ Mln Key Metrics Source: Timetric Hospital beds 50,670 2014 Hospital project owners v Aga Khan Hospitals v Apollo Hospitals Enterprise Ltd; v Government of Tanzania v National Social Security Fund Project Name Value , US$ mn Stage Constr uction Start Constru ction Complet e Location Salama Creek Satellite City Mixed- use Development 1,000 Planning Q4 2017 Q4 2025 Dar es Salaam Kigamboni Satellite City Development 653 Planning Q2 2018 Q4 2021 Dar es Salaam Dar es Salaam Aga Khan Hospital Expansion: Phase II 80 Execution Q3 2016 Q4 2018 Dar es Salaam Dar es Salaam Hospital Development 70 Planning Q4 2017 Q4 2019 Dar es Salaam Mkoani Abdulla Mzee Hospital Upgrade 30 Construct ion Complete Q3 2015 Q4 2016 Pemba South Source: Timetric 162 209 223 306 401 420 424 451 488 515 542 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
  82. 82. Tanzania Profile – Retail v There are a number of factors that will boost the country’s retail segment over the coming years: v The development of natural gas industry holds significant upside potential for the economy; Total construction output value, US$ mn Key Metrics v Tanzania ranks fifth in AT Kearney’s 2015 African Retail Development Index. Its large and stable economy provides a pull for retailers, but the country remains poor and is still predominantly rural. v Therefore market attractiveness is relatively low, but low political risk is a positive. However, it is far from saturation point, as few retailers are currently operating in the market. Source: Timetric Completed shopping center floorspace Dar es Salaam: 107,000 sq m Project Name Value , US$ mn Stage Construc tion Start Construc tion Complet e Location Salama Creek Satellite City Mixed- use Development 1,000 Planning Q4 2017 Q4 2025 Dar es Salaam Kigamboni Satellite City Development 653 Planning Q2 2018 Q4 2021 Dar es Salaam Safari City Residential Development 600 Executio n Q2 2016 Q4 2020 Arusha Control Center and Office Building Development 60 Tender Q4 2017 Q4 2019 Dar es Salaam Peninsula Plaza Shopping Mall 60 Executio n Q1 2016 Q2 2018 Dar es Salaam Peninsula Plaza 60 Executio n 2016 Q2 2018 Dar es Salaam Mlimani City Mall Expansion 27 Executio n 2016 Q2 2017 Dar es Salaam Source: Timetric 337 462 472 519 759 774 775 810 878 934 1025 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
  83. 83. Tanzania Profile – Commercial v Dar es Salaam remains the main focus of office market activity in Tanzania, with a number of significant new developments coming to the market in the city centre. v Following the coming into force of the Unit Titles Act of 2008, Dar es Salaam is seeing the emergence of an office sales market. Total Construction Output Value, US$ Mln Key Metrics Gross Lettable Area Dar es Salaam- 140,000 - 180,000 sq m Project Name Valu e, US$ mn Stage Constru ction Start Constru ction Comple te Location Upanga Financial Square Development 500 Plannin g Q1 2018 Q4 2024 Dar es Salaam PPF Pensions Fund Head Office 103 Executi on Q4 2015 Q4 2018 Dar es Salaam Control Center and Office Building Development 60 Tender Q4 2017 Q4 2019 Dar es Salaam Source: Timetric 415 454 556 837 969 1015 1025 1099 1213 1315 1467 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
  84. 84. 1. Objectives of the Project 2. Regional Economic Overview of Africa (Section 1) 3. MEP Market in Select African Countries (Section 2) 4. MEP Market in Nigeria (Section 3) 5. MEP Market in Ghana (Section 4) 6. MEP Market in Ivory Coast (Section 5) 7. MEP Market in Kenya (Section 6) 8. MEP Market in Senegal (Section7) 9. MEP Market in South Africa (Section 8) 10. MEP Market in Tanzania (Section 9) 11. MEP Market in Indonesia (Section 10) 12. MEP Market in Philippines (Section 11) 13. MEP Market in Vietnam (Section 12) 14. MEP Market in Myanmar (Section 13) 15. S&W’s Strategic Programme for the Countries of Interest (Section 14) Sectional Contents
  85. 85. 81 89 83 78 78 81 92 101 110 119 129 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Indonesia- Leisure and Hospitality Buildings 88 97 112 118 119 121 137 153 171 189 209 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Indonesia- Retail Buildings 69 75 77 74 74 72 80 87 95 103 113 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Indonesia- Healthcare Buildings 52 52 51 50 50 55 61 65 69 74 80 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Indonesia- Food Processing 339 371 378 376 368 371 415 453 490 524 563 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Indonesia- Commercial 629 684 701 696 689 700 784 860 936 1010 1094 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Indonesia- Total MEP Market in Indonesia- 2010 to 2020: Figures in USD Mln
  86. 86. 1. Objectives of the Project 2. Regional Economic Overview of Africa (Section 1) 3. MEP Market in Select African Countries (Section 2) 4. MEP Market in Nigeria (Section 3) 5. MEP Market in Ghana (Section 4) 6. MEP Market in Ivory Coast (Section 5) 7. MEP Market in Kenya (Section 6) 8. MEP Market in Senegal (Section7) 9. MEP Market in South Africa (Section 8) 10. MEP Market in Tanzania (Section 9) 11. MEP Market in Indonesia (Section 10) 12. MEP Market in Philippines (Section 11) 13. MEP Market in Vietnam (Section 12) 14. MEP Market in Myanmar (Section 13) 15. Company’s Strategic Programme for the Countries of Interest (Section 14) Sectional Contents
  87. 87. 25 24 59 43 55 49 73 81 90 99 110 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Philippines- Retail Buildings 10 10 14 15 15 17 18 20 22 24 26 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Philippines- Healthcare Buildings 2 2 5 4 14 11 12 13 16 19 22 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Philippines- Food Processing 88 58 60 72 83 123 93 104 116 130 144 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Philippines- Commercial 5 23 13 17 29 10 39 44 50 58 67 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Philippines- Leisure and Hospitality Buildings 132 118 152 152 196 210 234 263 294 330 368 0 50 100 150 200 250 300 350 400 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Philippines- Total MEP Market in Philippines- 2010 to 2020: Figures in USD Mln
  88. 88. 1. Objectives of the Project 2. Regional Economic Overview of Africa (Section 1) 3. MEP Market in Select African Countries (Section 2) 4. MEP Market in Nigeria (Section 3) 5. MEP Market in Ghana (Section 4) 6. MEP Market in Ivory Coast (Section 5) 7. MEP Market in Kenya (Section 6) 8. MEP Market in Senegal (Section7) 9. MEP Market in South Africa (Section 8) 10. MEP Market in Tanzania (Section 9) 11. MEP Market in Indonesia (Section 10) 12. MEP Market in Philippines (Section 11) 13. MEP Market in Vietnam (Section 12) 14. MEP Market in Myanmar (Section 13) 15. Company’s Strategic Programme for the Countries of Interest (Section 14) Sectional Contents
  89. 89. 27 33 37 38 41 44 47 51 55 59 64 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Vietnam- Leisure and Hospitality Buildings 7 9 9 10 10 11 12 13 14 15 17 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Vietnam- Retail Buildings 9 11 12 13 14 16 17 18 19 21 22 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Vietnam- Healthcare Buildings 13 17 18 19 21 22 24 26 28 30 32 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Vietnam- Food Processing 19 23 25 26 27 30 32 35 38 42 46 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Vietnam- Commercial 75 92 102 107 113 123 132 143 154 167 181 0 20 40 60 80 100 120 140 160 180 200 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Vietnam- Total MEP Market in Vietnam- 2010 to 2020: Figures in USD Mln
  90. 90. 1. Objectives of the Project 2. Regional Economic Overview of Africa (Section 1) 3. MEP Market in Select African Countries (Section 2) 4. MEP Market in Nigeria (Section 3) 5. MEP Market in Ghana (Section 4) 6. MEP Market in Ivory Coast (Section 5) 7. MEP Market in Kenya (Section 6) 8. MEP Market in Senegal (Section7) 9. MEP Market in South Africa (Section 8) 10. MEP Market in Tanzania (Section 9) 11. MEP Market in Indonesia (Section 10) 12. MEP Market in Philippines (Section 11) 13. MEP Market in Vietnam (Section 12) 14. MEP Market in Myanmar (Section 13) 15. S&W’s Strategic Programme for the Countries of Interest (Section 14) Sectional Contents
  91. 91. 6 8 9 11 12 13 13 13 13 14 14 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Myanmar- Leisure and Hospitality Buildings 2 2 2 3 3 3 3 3 3 4 4 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Myanmar- Retail Buildings 2 3 3 4 4 4 4 4 4 4 4 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Myanmar- Healthcare Buildings 3 3 4 4 4 4 5 5 6 7 7 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Myanmar- Food Processing 4 5 6 8 8 9 9 9 9 10 10 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Myanmar- Commercial 17 21 24 29 32 32 33 34 36 38 40 0 5 10 15 20 25 30 35 40 45 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Myanmar- Total MEP Market in Myanmar- 2010 to 2020: Figures in USD Mln
  92. 92. 1. Objectives of the Project 2. Regional Economic Overview of Africa (Section 1) 3. MEP Market in Select African Countries (Section 2) 4. MEP Market in Nigeria (Section 3) 5. MEP Market in Ghana (Section 4) 6. MEP Market in Ivory Coast (Section 5) 7. MEP Market in Kenya (Section 6) 8. MEP Market in Senegal (Section7) 9. MEP Market in South Africa (Section 8) 10. MEP Market in Tanzania (Section 9) 11. MEP Market in Indonesia (Section 10) 12. MEP Market in Philippines (Section 11) 13. MEP Market in Vietnam (Section 12) 14. MEP Market in Myanmar (Section 13) 15. Company’s Strategic Programme for the Countries of Interest (Section 14) Sectional Contents
  93. 93. Strategic Objective: To Achieve a Total Order Book of 100 Mln USD by 2020 within the MEP Market n Africa: Strategic Objectives & Strategy for IMEP Market 1. For Africa: To focus exclusively on the MEP Market in the following regions of Africa, targeting specifically the segments of Hospitality & Leisure, Retail, Healthcare, Food Processing & Commercial within them § East Africa: Kenya, Tanzania + Uganda, Botswana/Verify business environment in Ethiopia i.e .Currency and competitive (Chinese) scenario § West Africa: Ghana, Ivory Coast, Nigeria & Senegal § Southern Africa: South Africa 2. For East Africa to have the following Business Development resources in place: • IMEP Sales Manager for East Africa: Based out of Kenya • GBD Sales Manager for East Africa- Based out of Kenya • BD Consultant /s- Commission based 3. For West Africa, to have a distinct set of business development resources targeting: • English Speaking MEP Market: Nigeria, Ghana • French Speaking MEP Market: Benin, BurKina Faso, Guinea Bissao, Ivory Coast, Mali, Senegal • BD Consultant /s- Commission based 4. For Southern Africa, given the biased preference towards European contractors in South Africa, to collaboratively work with the Group BD team in South Africa with the view of handling the biasedness in favor of the company. 5. For SE Asia: • To work with Local partner/ s to seek out business opportunities. Regulation in the countries forces local partnerships • Estimation team to visit and work on credible database for local material sourcing and costing. 6..To have the business development resources accessing & harnessing the following principal coordinates for lead generation: • Consultants (Engineering, Property & Infrastructure) • Commercial Real Estate & Infrastructure Developers • Commercial Real Estate & Infrastructure Financiers • Dynamic Business Intelligence- Subscription Based 7. Business performance across regions to be reviewed on a monthly & quarterly basis by the company’s MEP Headquarters in Mumbai, India Strategy
  94. 94. Africa West Africa English Speaking MEP Market NIGERIA Head Sales (IMEP) Manager Sales (IMEP) BD Consultant (Commission Based) Ghana Company Group BD Professional French Speaking MEP Markets Ivory Coast, Burkina Faso, Senegal, etc Manager Sales (IMEP) East Africa Company Group BD Professional Manager Sales (IMEP) BD Consultant (Commission Based) Southern Africa Company Group BD Professional SE Asia Indonesia Company Group BD Professional Philippines Manager Sales (IMEP) Vietnam Myanmar Structure for Addressing the MEP Market in Select African Countries
  95. 95. 2017 2018 2019 2020 MEP Market S&W’s Target MEP Market S&W’s Target MEP Market S&W’s Target MEP Market Company’s Target East Africa Ethiopia 103 0.00 118 0.00 135 0.00 153 0.00 Kenya 43 3.04 49 4.89 55 6.81 61 9.19 Tanzania 80 5.86 87 9.18 94 12.08 103 15.94 Total 226 8.90 254 14.07 284 18.89 317 25.13 West Africa Ghana 45 3.01 49 4.81 53 6.51 58 8.50 Ivory Coast 23 1.60 28 2.77 34 4.11 39 5.69 Nigeria 157 13.31 150 19.92 138 27.00 129 35.60 Senegal 16 1.17 17 1.82 19 2.44 21 3.23 Total 241 19.09 244 29.32 244 40.06 247 53.02 Southern Africa South Africa 130 134 138 142 Angola 61 51 44 40 Mozambique 1 0.09 2 0.14 2 0.19 2 0.25 Zambia 27 1.78 28 2.63 30 3.58 32 4.66 Total 219 1.87 215 2.77 214 3.77 216 4.91 Grand Total 686 29.86 714 46.16 741 62.72 779 83.06 Company’s Strategic Programme for the African Countries of Interest Figures in USD Mln
  96. 96. 2017 2018 2019 2020 Commercial 2.47 3.64 4.93 6.60 Food processing 0.03 0.07 0.12 0.12 Healthcare Buildings 1.35 2.20 2.63 3.25 Retail Buildings 1.21 1.98 2.80 3.84 Leisure and Hospitality Buildings 0.79 1.30 1.60 2.11 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 18.00 Tanzania Company’s Strategic Programme for East Africa- Targeted Business Size Targeted Market Share Sectors 2017 2018 2019 2020 Leisure and Hospitality Buildings 10.0% 15.0% 17.0% 20.0% Retail Buildings 5.0% 7.5% 10.0% 12.5% Healthcare Buildings 10.0% 15.0% 17.0% 20.0% Food processing 2.5% 5.0% 7.5% 7.5% Commercial 7.5% 10.0% 12.5% 15.0% Figures in USD Mln 2017 2018 2019 2020 Kenya Commercial 1.68 2.59 3.71 5.13 Kenya Food processing 0.03 0.06 0.10 0.11 Kenya Healthcare Buildings 0.38 0.61 0.74 0.91 Kenya Retail Buildings 0.64 1.05 1.49 1.99 Kenya Leisure and Hospitality Buildings 0.33 0.59 0.77 1.05 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00 10.00 Kenya
  97. 97. 2017 2018 2019 2020 Commercial 0.55 0.79 1.07 1.40 Food processing 0.01 0.02 0.03 0.03 Healthcare Buildings 0.22 0.36 0.46 0.60 Retail Buildings 0.21 0.34 0.50 0.68 Leisure and Hospitality Buildings 0.19 0.31 0.39 0.51 0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 Senegal 2017 2018 2019 2020 Commercial 0.78 1.27 1.89 2.62 Food processing 0.02 0.06 0.11 0.13 Healthcare Buildings 0.15 0.28 0.37 0.50 Retail Buildings 0.41 0.74 1.14 1.61 Leisure and Hospitality Buildings 0.23 0.43 0.60 0.82 0.00 1.00 2.00 3.00 4.00 5.00 6.00 Ivory Coast 2017 2018 2019 2020 Commercial 0.90 1.35 1.90 2.60 Food processing 0.04 0.09 0.14 0.15 Healthcare Buildings 0.68 1.08 1.28 1.55 Retail Buildings 1.04 1.70 2.42 3.19 Leisure and Hospitality Buildings 0.35 0.60 0.77 1.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00 Ghana Company’s Strategic Programme for West Africa- Targeted Business Size Sectors Targeted Market Share 2017 Leisure and Hospitality 10.0% Retail Buildings 5.0% Healthcare 10.0% Food processing 2.5% Commercial 7.5% Figures in USD Mln Sectors Targeted Market Share 2018 Leisure and Hospitality 15.0% Retail Buildings 7.5% Healthcare 15.0% Food processing 5.0% Commercial 10.0% Sectors Targeted Market Share 2019 Leisure and Hospitality 17.0% Retail Buildings 10.0% Healthcare 17.0% Food processing 7.5% Commercial 12.5% Sectors Targeted Market Share 2020 Leisure and Hospitality 20.0% Retail Buildings 12.5% Healthcare 20.0% Food processing 7.5% Commercial 15.0% 2017 2018 2019 2020 Nigeria Commercial 6.52 9.12 12.54 16.56 Nigeria Food processing 0.18 0.38 0.62 0.69 Nigeria Healthcare Buildings 2.61 4.11 5.12 6.63 Nigeria Retail Buildings 2.44 3.84 5.63 7.74 Nigeria Leisure and Hospitality Buildings 1.57 2.47 3.08 3.99 0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00 40.00 Nigeria
  98. 98. Company’s Strategic Programme for the SE Asian Countries of Interest Sector 2017 2018 2019 2020 Indonesia Leisure and Hospitality Buildings 101 0.00% 0.00 110 2.50% 2.76 119 3.75% 4.47 129 5.00% 6.45 Retail Buildings 153 0.00% 0.00 171 2.50% 4.28 189 3.75% 7.10 209 5.00% 10.46 Healthcare Buildings 87 0.00% 0.00 95 2.50% 2.37 103 3.75% 3.87 113 5.00% 5.66 Food processing 65 0.00% 0.00 69 0.00% 0.00 74 0.00% 0.00 80 0.00% 0.00 Commercial 453 0.00% 0.00 490 2.50% 12.25 524 3.75% 19.66 563 5.00% 28.13 Total 860 0.00 936 21.66 1010 35.10 1094 50.70 Philippines Leisure and Hospitality Buildings 44 0.00% 0.00 50 2.50% 1.26 58 3.75% 2.19 67 5.00% 3.34 Retail Buildings 81 0.00% 0.00 90 2.50% 2.24 99 3.75% 3.73 110 5.00% 5.49 Healthcare Buildings 20 0.00% 0.00 22 2.50% 0.54 24 3.75% 0.89 26 5.00% 1.29 Food processing 13 0.00% 0.00 16 0.00% 0.00 19 0.00% 0.00 22 0.00% 0.00 Commercial 104 0.00% 0.00 116 2.50% 2.91 130 3.75% 4.86 144 5.00% 7.22 Total 263 0.00 294 6.95 330 11.67 368 17.33 Vietnam Leisure and Hospitality Buildings 51 0.00% 0.00 55 2.50% 1.37 59 3.75% 2.22 64 5.00% 3.21 Retail Buildings 13 0.00% 0.00 14 2.50% 0.36 15 3.75% 0.58 17 5.00% 0.84 Healthcare Buildings 18 0.00% 0.00 19 2.50% 0.48 21 3.75% 0.78 22 5.00% 1.12 Food processing 26 0.00% 0.00 28 0.00% 0.00 30 0.00% 0.00 32 0.00% 0.00 Commercial 35 0.00% 0.00 38 2.50% 0.95 42 3.75% 1.56 46 5.00% 2.28 Total 143 0.00 154 3.16 167 5.13 181 7.45 Myanmar Leisure and Hospitality Buildings 13 0.00% 0.00 13 2.50% 0.33 14 3.75% 0.51 14 5.00% 0.71 Retail Buildings 3 0.00% 0.00 3 2.50% 0.08 4 3.75% 0.13 4 5.00% 0.19 Healthcare Buildings 4 0.00% 0.00 4 2.50% 0.10 4 3.75% 0.15 4 5.00% 0.21 Food processing 5 0.00% 0.00 6 0.00% 0.00 7 0.00% 0.00 7 0.00% 0.00 Commercial 9 0.00% 0.00 9 2.50% 0.23 10 3.75% 0.37 10 5.00% 0.52 Total 34 0.00 36 0.74 38 1.16 40 1.63 Figures in USD Mln
  99. 99. NO. NAME OF PROJECT CLIENT VALUE IN MILLION USD ($) LOCATION 1 Asokoro Mall Cappa De Alberto $15.00 NIGERIA 2 Dayspring JULIS BURGER $31.00 NIGERIA 3 Sun Paper Cappa De Alberto $8.00 NIGERIA 4 Universtity of Gambia SPCL - MUMBAI $22.50 GAMBIA 5 Transcorp Hilton Transnational Hotels and Tourism Services $10.00 NIGERIA 6 ITC One L&T $50.00 SRI LANKA 7 One Colombo at Srilanka Tata Projects Ltd $26.0 SRI LANKA 8 606 Proposed mixed devlopment project at Sri Lanka - $12.0 SRI LANKA 9 Hass Tower - $20.0 KENYA 10 Transformer Factory - $45.0 NIGERIA 11 Hyatt Enertech $4.1 INDONESIA 12 Gabon Airport SPCL $25.0 GABON 13 Mauritius Metro Afcons $2.9 MAURITIUS 14 Dangote Oil refinary, Nigeria SP, Nigeria $6.0 NIGERIA 15 Kwarleyz Group (Mixed used project) - $15.0 GHANA 16 Supreme Court NBCC $10.0 MAURITIUS 17 RIU, Maldives Climainsul $2.0 MALDIVES 18 Cape Sierra Villa Estate SPML, Dubai $1.3 SIERRA LEONE TOTAL $305.8 Existing IMEP Quotes & Leads- Expected to Finalise in 2017-2018
  100. 100. Thank You

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