South Africa will be hosts, for the first time, of the Royal Institute of Chartered Surveyors (RICS). The main aim of the summit is to engage key players in Africa’s built environment to discuss the continents growth and future success.
The 2015 summit, which will take place in March 25, will mark its fourth time of being hosted outside UK, having previously been held in China, Brazil and India.
According to the Country Manager of RICS South Africa TC Chetty, this summit will help Africans a lot, due to the fact that they will benefit from a large pool of built environment professionals.
Chetty further noted that there was unprecedented change happening in Africa’s Built environment due to growth in urbanization and population. This is expected to grow by 60 percent above the 2010 level in some cities.
There will also be a platform for discussion and debate on important aspects relating to Africa’s property growth.
International Monetary Fund reflected that Gross Domestic Product (GDP) in some countries will exceed that of their counterparts in developed countries. Ethiopia, Mozambique, Tanzania, Ghana, Zambia and Nigeria would have 5 to 7 percent growth.
The Royal Institute of Chartered Surveyors also has plans to expand its operations to the three key regional markets mainly South Africa, Ghana and Kenya.