| Study Period | 2020 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| 乐鱼体育官网 Size (2025) | USD 5.88 Billion |
| 乐鱼体育官网 Size (2030) | USD 7.39 Billion |
| CAGR (2025 - 2030) | 4.67 % |
| 乐鱼体育官网 Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Tanzania Construction 乐鱼体育官网 Analysis
The Tanzania Construction 乐鱼体育官网 size is estimated at USD 5.88 billion in 2025, and is expected to reach USD 7.39 billion by 2030, at a CAGR of 4.67% during the forecast period (2025-2030).
- According to the Bank of Tanzania's (BoT) quarterly economic bulletin, commercial banks' lending to the private sector declined by 2.3% in March 2021, owing to the impact of the COVID-19 outbreak on the demand and supply of various products. Building and construction, trade, agriculture, manufacturing, mining, and quarrying were the economic activities that saw negative growth rates. Construction credit declined by 11.9%, while commerce and farm credit declined by 10.3% and 8.1%, respectively.
- In recent years, Tanzania's heavy investment in building infrastructure has raised its indebtedness, as more infrastructure projects are being built around the country. Fiscal spending in 2021 was USD 15.7 billion, with donors covering only 8% of the total. From 2021 to 2023, the government anticipates the economy to grow at a rate of 6.3%. Tanzania was promoted from a low-income country to a lower-middle-income country in July 2020, with the government hoping to reach middle-income status in seven years. Tanzania's government is working to develop its infrastructure, energy, and agriculture sectors to grow its economy and expand export opportunities.
- Tanzania's industrial construction has played a key role in boosting national self-sufficiency and enhancing the domestic 乐鱼体育官网 for agriculture, livestock, fishery, forestry, minerals, and precious raw materials. Industrial construction is critical for job creation, technological transfer, and increased processed goods exports, in addition to enhancing self-sufficiency and boosting the domestic raw materials 乐鱼体育官网. Through the TEMDO initiative, the value chain for several commodities and products has increased over the last decade, particularly for sugar and hemp. The TEMDO project entails the creation of cutting-edge technology for the manufacturing and processing sugarcane and hemp products.
Tanzania Construction 乐鱼体育官网 Trends
Increasing Investment in Infrastructure Projects
Tanzania has started working on a USD 1.9 billion railway infrastructure across the country to improve the country's infrastructure and connect communities. Loans will fund the railway project, and the government has stated that it would neither raise nor impose taxes on citizens to fund it.
The railway is part of a bigger 1,219-kilometer railway network, increasing Tanzanian trade with its neighbors. The railway line will connect Tanzania's Indian Ocean port of Makutopora with Tabora, a port city on the banks of Lake Victoria that Tanzania shares with Uganda and Kenya. Tanzanian President Samia Suluhu Hassan remarked during the project's introduction that the line would be a priority due to its importance in connecting the country to its neighbors.
The Barrick Gold Corporation pledged to invest USD聽6 for each ounce of gold sold by its two mines in the nation to enhance access to drinkable water, education, and healthcare in the people nearby. At the same time, it has committed up to USD 70 million for investment in value-adding national initiatives, such as road infrastructure, training programs for those working in the mining industry, and facilities for scientific research at Tanzanian universities.
The Tanzania Ports Authority (TPA) has constructed a facilitation center, and major financial institutions like Tanzania's CRDB Bank, the country's largest bank in terms of assets, have opened subsidiaries there. In a similar vein, the Tanzania Chamber of Commerce, Industry, and Agriculture (TCCIA) recently dispatched a trade and investment mission to Lubumbashi, the second-largest city in the Democratic Republic of the Congo, where they conducted site visits and business discussions to聽identify key areas of investments and trade.
Understand The Key Trends Shaping This 乐鱼体育官网
Download PDF
Affordable Housing is Driving the Residential Segment of the 乐鱼体育官网
A person's well-being聽can be significantly impacted by having access to inexpensive housing. The government established the Tanzania Mortgage Refinance Company (TMRC) to combat the issue and broaden the housing finance industry. The TMRC was supported by the creative Tanzania Housing Finance Project, which the IDA funded. This support allowed the TMRC to offer medium- and long-term liquidity to mortgage lenders, making it simpler for them to grant loans to families looking to buy new homes or make improvements to their current homes. Mortgage repayment terms were increased from five years to 25 years, interest rates were lowered from over 21% to 15% annually, and the home finance 乐鱼体育官网's development made loans more accessible. According to estimates, Tanzania needs an additional 200,000 housing units per year, totaling聽3 million units, according to Shelter Afrique, a pan-African finance institution.
According to the TMRC, the value of mortgage loans increased by 1.24% during Q2 2022. However, the TMRC's continued availability of long-term capital in the form of refinancing and pre-financing to enable PMLs to match their assets (mortgages) and liabilities remains a crucial factor in the expansion of the mortgage 乐鱼体育官网 in Tanzania. The Housing Microfinance Fund (HMFF), another program established under the Housing Finance Project (HFP), aims to offer long-term loans to low-income earners who currently lack access to housing finance for the construction of a home or for home modifications. Collaboration with Habitat for Humanity International to launch a program to expand mortgage loan outreach to the microfinance sector is one of TMRC's other continuing projects for the growth of the mortgage 乐鱼体育官网.
Despite this, 70% of Tanzanian housing is self-built, and many homes are constructed in stages utilizing savings, which has deteriorated the overall quality of houses. The NHC announced that, due to the public's poor purchasing power, it would increase the ratio of rental properties to for-sale homes from 30:70 to 80:20. The NHC intends to achieve this target by expanding its building material manufacturing capacity to facilitate quality construction in the self-build sector and lower the cost of crucial materials for its low-cost house construction.
Get Analysis on Important Geographic 乐鱼体育官网s
Download PDF
Tanzania Construction Industry Overview
The Tanzania Construction 乐鱼体育官网 is fragmented with domestic and international businesses. Advent Construction Ltd, Estim Construction, Becco Limited, Salem Construction Limited, and Mohammedi Builders Ltd are key competitors in the sector. The construction industry in Tanzania is characterized by a huge number of microentrepreneurs, most of whom work in the country's informal economy. The country's formal construction business comprises indigenous and indigenized corporations and several big foreign civil engineering and construction firms.
Tanzania Construction 乐鱼体育官网 Leaders
-
Advent Construction Ltd
-
Estim Construction
-
Becco Limited
-
Salem Construction Limited
-
Mohammedi Builders Ltd
- *Disclaimer: Major Players sorted in no particular order
Need More Details on 乐鱼体育官网 Players and Competiters?
Download PDF
Tanzania Construction 乐鱼体育官网 News
- August 2022: Adani Group (APSEZ), an Indian port giant, and AD Ports (Abu Dhabi Ports) have signed an agreement to work together to pursue Tanzanian strategic investment possibilities. The joint venture partners intended to provide end-to-end logistics infrastructure and services, including rail, ports, maritime services, digital services, and industrial zones in Tanzania.
- March 2023: Tanzania to award contracts for USD 30 billion LNG project. Shell, Equinor, and the government of Tanzania have finalized negotiations for constructing a USD 30 billion LNG terminal, and contract preparation is underway.
Tanzania Construction Industry Segmentation
Construction is the installation, maintenance, and repair of buildings and other stationary structures and the construction of roadways and service facilities that form fundamental components of structures and are required for their operation.
A complete background analysis of the Tanzania Construction 乐鱼体育官网, including the assessment of the economy and contribution of sectors in the economy, 乐鱼体育官网 overview, 乐鱼体育官网 size estimation for key segments, emerging trends in the 乐鱼体育官网 segments, 乐鱼体育官网 dynamics, geographical trends, and COVID-19 impact is included in the report.
The Tanzania Construction 乐鱼体育官网 is segmented by sector (residential, commercial, industrial, infrastructure (transportation), and energy and utilities). The 乐鱼体育官网 size and forecasts are provided in terms of value (USD) for all the above segments.
| By Sector | Residential |
| Commercial | |
| Industrial | |
| Infrastructure (Transportation) | |
| Energy and Utilities |
Need A Different Region or Segment?
Customize Now
Tanzania Construction 乐鱼体育官网 Research FAQs
How big is the Tanzania Construction 乐鱼体育官网?
The Tanzania Construction 乐鱼体育官网 size is expected to reach USD 5.88 billion in 2025 and grow at a CAGR of 4.67% to reach USD 7.39 billion by 2030.
What is the current Tanzania Construction 乐鱼体育官网 size?
In 2025, the Tanzania Construction 乐鱼体育官网 size is expected to reach USD 5.88 billion.
Who are the key players in Tanzania Construction 乐鱼体育官网?
Advent Construction Ltd, Estim Construction, Becco Limited, Salem Construction Limited and Mohammedi Builders Ltd are the major companies operating in the Tanzania Construction 乐鱼体育官网.
What years does this Tanzania Construction 乐鱼体育官网 cover, and what was the 乐鱼体育官网 size in 2024?
In 2024, the Tanzania Construction 乐鱼体育官网 size was estimated at USD 5.61 billion. The report covers the Tanzania Construction 乐鱼体育官网 historical 乐鱼体育官网 size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Tanzania Construction 乐鱼体育官网 size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Our Best Selling Reports
Tanzania Construction Industry Report
Statistics for the 2025 Tanzania Construction 乐鱼体育官网 share, size and revenue growth rate, created by Mordor Intelligence鈩� Industry Reports. Tanzania Construction analysis includes a 乐鱼体育官网 forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
