Las Vegas, NV – As the only annual international event dedicated to the commercial concrete and masonry construction industries, World of Concrete is always a good educational and networking opportunity for ISI Consultants and many of our clients. And this year was no exception, with over 58,000 attendees and nearly 1,600 companies exhibiting. In fact, this was the largest attendance in 9 years, clearly reflecting the upbeat mood of many of our clients in the industry and people we spoke with on the show floor.
While the U.S. construction market is expected to experience similar growth in 2018 as in 2017, driven mainly by the private residential sector, growth in the Middle East and Africa is expected to be fueled mostly by large scale public sector infrastructure projects.
In the Middle East, 2018 looks to be a promising year, especially in the GCC, due to a combination of higher oil prices, the introduction of VAT and the growing adoption of the Public Private Partnership model, all of will contribute to the governments' ability to increase spending on major projects that have been held back in recent years.
However, Africa, appears to be the international region that was on most people's lips at the show. After significantly increased activity in the construction sector, across the continent in 2017, forecasts for 2018 are equally bullish. Again, much of this growth is anticipated to be in the form of infrastructure projects, primarily in the energy & power sector as well as transportation, supported by financing from institutions such as the World Bank, African Development Bank and various other international development and donor agencies.
While many companies we spoke to were aware of the opportunities in Africa, the majority of them still did not have a plan for Africa and and had concerns about how to approach the market and where to focus. Understandably, with a continent comprising 54 distinct and emerging markets and growth being spread in nearly every region it can be a daunting prospect.
ISI representatives were able to share our experience with a number of companies though complimentary strategy sessions at the event in order to help them realize how to put together an effective plan to maximize results and minimize risk. And for some of our existing clients we were able to build upon our business development success for them by arranging meetings with visiting company and government representatives from a variety of countries, including, Algeria, Egypt, Nigeria, South Africa, Saudi Arabia and the United Arab Emirates.
We look forward to helping our current and future clients in the construction industry to increase their business in the Middle East and Africa over the coming year.
ISI Consultants assists U.S. companies to enter or further expand their business in Middle East and African markets. From small projects to longer-term engagements, we put our knowledge and experience to work for you, saving you time and money and minimizing your risk. And our results-oriented approach means we don’t just advise you on what to do to be successful – we work with you to get it done.
As part of our commitment to the U.S. Government's efforts to promote exports, ISI Consultants offer a limited number of COMPLIMENTARY STRATEGY SESSIONS each month to qualified U.S. companies.