Overview
- The construction sector in Zimbabwe is projected to continuously grow, with trends signaling intensifying competition in terms of the number of firms entering the market, as well as a growing demand generated through new building construction and civil projects.
Competitive Landscape
- Large-scale building and infrastructure works are dominated by large-scale contractors. These large-scale contractors oversee the project and execute some parts of the contract but subcontract a portion of the work to smaller enterprises due to the need for specialized skills.
- Residential infrastructure works are dominated by Micro, Small, and Medium Enterprises (MSMEs).
Key Industry Trends
- Digital transformation through the adoption of technology to increase efficiency and project management.
- Adopting cost-effective and more sustainable ways to build structures through modular and prefabricated construction.
- Use of green materials and energy-efficient designs to address environmental concerns.
- Major driver of growth in the sector is government and public investments in infrastructure.
Areas for Strategic Focus
- Embracing new technologies to provide a competitive edge.
- Focusing on green practices to meet market expectations and increasing regulatory demands.
- Building a resilient workforce.
- Exploring growth opportunities through diversifying project types.
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