7.3 RECENT EVENTS AFFECTING THE LOCAL MARKET FOR PROFESSIONAL SERVICES Table 122 Recent events affecting the local market for professional services Have local events or conditions affected the built-environment market?
Planning
Surveying
Asia
Botswana
Y
-
Y
-
Corruption in delivery of state projects creating loss of quality and wasted public funds, Substantial Reduction in Government Spending
Ghana
-
Y
N
-
Government budget deficit, currency instability
Kenya
Y
-
Declining Economic Performance
Mauritius
N
-
Mozambique
-
Y
-
hidden debts, cyclones
Namibia
Y
-
-
Government halted all projects mid process.
Nigeria
Y
-
Y
Nigeria was in an economic depression from 2015 to 2017, recession, government policies and civil unrest
Rwanda
Y
-
N
In the aftermath of 1994 Rwanda Genocide against Tutsi, the country has embarked of social and economic transformation whereby the construction sector has benefited and has grown year after year to meet the country's vision 2020
South Africa
Y
-
Y
-
Overall growth in SA economy stalled over past decade due to political and policy uncertainty. International Trade wars and the delay in finalising Brexit are also contributing to financial uncertainty. Recession.
Tanzania
-
-
Y
-
The shift of capital from Dar es Salaam to Dodoma, more construction projects are now skewed to Dodoma
Uganda
Y
-
-
-
The discovery of oil, the heavy investment in energy sector, government policy for roads, industrial investors
Zambia
Y
Y
-
-
Government Infrastructure Policy, Global economic meltdown, Unsustainable external debt
Bangladesh
N
-
-
India
Y
-
-
-
Focus on Infrastructural Development; Housing for All by 2022;
Malaysia
-
--
Y
N
The changes in political landscape where the government has reviewed several mega infrastructure projects and commitment for better practices such as open tender, safe and others. Additionally, the is influx of international firms competing for large/mega projects
Pakistan
Y
-
-
-
Singapore
N
-
-
-
Sri Lanka
Y
-
Y
-
Terrorist Bombing and Attack
Antigua & Barbuda
Y
-
-
Global Financial Crisis
-
Barbados struggled to recover from the recession. The incoming Government in 2018 has agreed a homegrown recovery programme with the IMF and there are signs of increased investment and growth in the coming years. (The current figure above is an actual for 2018. the 2020 figure is my estimate which I hope will be exceeded).
Barbados
Caribbean and Americas
134
Local Event / Condition
Engineering
Africa
Country
Architecture
Region
-
Belize
N
Y
-
Y
Y
-
-
CPEC
Hurricanes
Canada
N
-
-
-
Dominica
Y
-
-
-
Hurricane Maria
Grenada
-
Y
-
-
Citizenship by investment programme established by Government
Trinidad and Tobago
Y
-
Y
Y
The economy is in decline as a result of falling oil and gas prices and depletion of reserves, government clamp down on economy and not paying money owed to local contractors, Economic recession Increase in the number of contracts awarded to Chinese companies
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