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“There are signs that the construction industry is doing well and most contractors are busy,” he said.
Mr Chiyangwa said even though the sector was doing well, it still faced some challenges.
“The sector is failing to secure loans so as to get proper equipment and for construction itself,” he said.
Mr Chiyangwa said the sector had expected to benefit from various facilities unveiled by the Government such as the Distressed Industries and Marginalised Areas Fund and the Zimbabwe Economic and Trade Revival Fund.
However, no players in the construction industry had so far received the money.
The managing director of Reliance Construction, Mr Obert Sibanda, said the construction sector was the barometer of the economy.
“If the economy melts, the construction industry is the first to suffer and last to recover,” he said.
Mr Sibanda said only a few projects were coming up, especially in mining.
“Some projects were outstanding and have been revisited.”
He said major construction under way at the moment included the dualisation of the Harare- Norton Road, upgrading of Joshua Mqabuko Nkomo Airport, construction of Lupane State University and the National University of Science and Technology.
Mr Sibanda said a few new projects were also coming up.
“We have not reached the state where we can say things are okay,” he said.
Mr Sibanda said the construction industry helped develop the economy.
“A lot of companies do well if the construction sector is booming,” he said.
Online Reporter