Projects worth €12bn up for grabs

Irish companies will be able to compete for roughly €12bn in lucrative infrastructure projects that will be open for tender across Africa over the next five years, according to a new report released, entitled Winning Business in Africa — Building a Cluster for Infrastructure Projects.

The report, which was commissioned by Ibec’s Irish Engineering Enterprises Federation (IEEF) and the Department of Foreign Affairs and Trade, identifies over 100 projects worth up to €12bn in energy and renewable energy, infrastructure, water, and mining.

Speaking prior to the report launch, Joe Costello, the trade and development minister, said: “Africa is a dynamic continent, where growth rates in many countries reached 7% over the last five years. Irish companies are very well placed to meet the exponential growth in demand for goods and services across the continent.