Price: $ 1295
BMI View: Zimbabwe's construction industry is posting robust growth but not the spectacular growth expected of such a frontier market. Growth of 6.3% on average per year is anticipated between 2013 and 2017, which is far below its more established regional peers. The country's high risk is deterring private investors, as policy uncertainty and political risk make Zimbabwe an unattractive new market despite vast potential. The most activity has been seen from risk tolerant and highly liquid Chinese construction companies, who were awarded a number of contracts to develop the country's power sector over 2012. With elections coming up in the first half of 2013, we believe risks remain to the downside for Zimbabwe over the short term. Zimbabwe holds vast potential as a frontier growth market in ...
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