The City of Johannesburg’s inner city revitalisation project continues to unlock new economic potential for small to medium-sized contractors and other underprivileged groups operating in the South African construction marketplace.
Championed by Executive Mayor Herman Mashaba and also known as the “84 properties initiative”, the initiative is expected to drive the creation of approximately 5,000 jobs during its construction phases.
It also aims to transform the city through project redevelopment by providing additional mixed-income housing, student accommodation, small business rental space, and more.
“There is no better place in terms of real estate to invest other than the inner City of Johannesburg in South Africa,” says Mayor Mashaba when asked about investment potential for the City of Johannesburg.
Currently in South Africa, 63% of people live in cities, but this figure is forecast to grow to 71% by 2030. In fact, African countries are expected to experience the highest urbanisation rates worldwide between 2020 to 2050.
The City of Johannesburg will complement this initiative by hosting the 7th annual African Construction Expo and the co-located Totally Concrete Expo, the continent’s most influential gathering of construction and concrete professionals.
Mayor Herman Mashaba will welcome African and international construction professionals to the city and provide more information about how interested parties can access the ongoing inner city revitalisation initiative.
The African Construction Expo is the only event in Africa that brings together 9,500 stakeholders involved in construction and infrastructure projects in Africa. With over 250 exhibitors featured across the indoor and outdoor exhibition, the event Expo offers access to the most innovative building materials and technologies in Africa.
The expo provides workshops, trainings, demonstrations and other interactive features that facilitate commercial networking opportunities and drive private and public sector collaboration.