Increasing investor interest
Foreign direct investment (FDI) in emerging countries has recently hit record highs and this trend is expected to continue for 2015. Africa's share of global FDI projects has also been increasing steadily over the past decade. A recent report from the African Development Bank, the United Nations Development Program and the Organization for Economic Cooperation and Development forecast that FDI in the continent would hit a record $80 billion in 2014, with real estate a major contributor. In May, Ernst & Young's Africa attractiveness survey revealed that FDI projects in the real estate, hospitality and construction sector had increased by 63 percent, making the sector the fifth most attractive for foreign investors.