Increasing foreign direct investment is driving global cement jobs with positions opening for senior and board level candidates. The effects of the global crisis in 2009 are diminishing and an influx of foreign direct investment into infrastructural projects around the world is increasing. Cement production in Africa is projected to increase by 77% by 2019 according to Dangote Cement.
Throughout the Millennium, China has supported Africa with concessional loans for large infrastructural development. Projects such as the Ethiopia – Djibouti railway link have been funded by the Bank of China and employed Chinese, European and US cement experts.
US companies are also considering investing in underdeveloped areas of the world with India a potential target for growth. According to an article in The Economic Times in July 2016 India’s Road Transport and Highways Minister visited New York, Los Angeles and Washington and after his visit said “There is overwhelming enthusiasm among American companies and investors to invest in India. Results could be seen soon,”
How Does this Affect Senior Level Cement Jobs
Acknowledging that India’s infrastructure is poor and requires modernisation, Mr Gadkari said “Prime Minister Modi remains committed to improving the country’s roads, highways and port connectivity.” Foreign direct investment from the USA is not the only purpose of Mr Gadkari’s visit. Enticing expertise to the country will be of the highest importance if projects are to fulfill their potential.
AON’s recent study into the Indian job market illustrated there will be a 9.8% salary growth in the cement industry in 2016. The expected growth in Africa and India over the next three years is already leading to high level vacancies opening as firms seek board level expertise.
Chad Harrison International is a Global Executive Search and Solution Consultancy operating within the Built Environment. It offers search and selection solutions for Board Level and Senior Appointments. With an international network, they are well positioned to support the industry. Managing Director Luke Robbins-Wells said, “Countries with underdeveloped infrastructures are beginning to see investment from concessional loans or direct investment. As a result, they are working hard to attract both local and expatriate expertise to head up major cement projects. At Chad Harrison, many recent senior level appointments are attributable to companies with both brownfield and greenfield assets in developing areas.”