IntroductionKey Sectors For Investment - Infrastructure
Sector Overview
The massive infrastructure development drive currently in progress is expected to support the country to maintain a high and sustainable growth in the medium and long term. Timely development of economic infrastructure will help to increase economic efficiency while expanding the production capacity of the economy, facilitate productivity enhancement and reduction of regional disparity. In 2010, the economic infrastructure development programme of the government focused on all areas of infrastructure; development of roads, water supply and sanitation, ports and aviation, transport, housing and urban development, establishment of industrial zones, hospitals and warehousing and logistic centres etc.
The construction sector expanded significantly by 14.2% in value added terms in 2011 compared to 9.3% in 2010. Increased activity in construction was depicted by the growth in domestic production of building material by 8.6% during the year. Cement availability grew by 21.5per cent in 2011 compared to a contraction of 18.9%in the previous year. The increased involvement in the private sector was reflected in the growth of private sector credit for construction purposes by 15.8% during the year.
The construction sector expanded with the acceleration of the ongoing road development projects such as expressways, inter-regional national highways and mega construction projects and urban development projects together with construction of houses and reconstruction work done in newly liberated areas boosted construction activities in the country.