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Guinea-Bissau Transportation & Storage (Logistics) Building Industry Analysis
The Transportation & Warehousing and Storage Building construction projects industry in Guinea-Bissau is relatively small and has not seen much growth in recent years. However, the government has announced plans to invest in infrastructure projects, which could potentially boost the construction industry.
In terms of transportation, Guinea-Bissau has a limited road network and the government is investing in upgrading the existing roads and building new ones. These projects are expected to improve connectivity and accessibility within the country, which in turn could drive economic growth and create jobs in the construction sector.
The warehousing and storage building sector is also relatively small in Guinea-Bissau, with limited number of facilities available. However, with the growth in agriculture and exports, there has been a rise in demand for warehouse space to store goods and materials for the export industry. This could lead to an increase in the number of storage facilities being built in the future.
The industry, however, is facing some challenges. Guinea-Bissau is a low-income country and it struggles with inadequate infrastructure, limited resources and a lack of funding, which can impede the growth of the industry. Additionally, the ongoing COVID-19 pandemic has had a negative impact on the industry, with many projects being put on hold or delayed.
Overall, the Transportation & Warehousing and Storage Building construction projects industry in Guinea-Bissau has a moderate outlook. The government's investment in infrastructure projects could potentially boost the construction industry and create jobs. However, the industry is also facing challenges such as limited resources, lack of funding, and the ongoing COVID-19 pandemic. It is important to note that the situation might change depending on the evolution of the pandemic and how Guinea-Bissau will handle it and the measures that will be taken.
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