Huge Manufacturing Increase Expected in Sub-Saharan Africa
JOHANNESBURG, South Africa — Global capital project and infrastructure spending is expected to grow to more than $9 trillion annually by 2025, up from $4 trillion in 2012, according to a new report issued by PwC, "Capital project and infrastructure spending: Outlook to 2025."
The report, for which Oxfords Economics provided research support, analyzes infrastructure spending across 49 of the world’s largest economies, which account for 90 percent of global economic output. It covers five industry sectors — extraction, utilities, manufacturing, transport and social — and forecasts their impact on seven major world economic regions: Western Europe, Latin America, Asia-Pacific, Middle East, sub-Saharan Africa, Former Soviet Union and Central and Eastern Europe. It estimates the scale of current infrastructure investment and assesses the prospects for future investment from now to 2025. Overall, close to $78 trillion is expected to be spent globally between now and 2025 on capital projects and infrastructure.