Move over, BRIC. It’s time for NCPV. Okay, it may not have quite the same ring—yet. But now that the proven markets of Brazil, Russia, India nd China are practically part of the stablishment, Nigeria, Chile, Poland and Vietnam are quickly emerging as the next generation of serious global contenders. The four countries are rife with project management opportunities across an array of sectors, including IT, construc- tion and mining. Those growth
prospects, however, are tempered by
more perilous project environments.
Governance is particularly an issue in
Vietnam and Nigeria, where regulations
are opaque and shifting, while macroeconomic and financial stability is a
concern in Chile and Poland. And in all
four countries, there is a staggering lack
of project management knowledge.
Still, these up-and-comers could
offer great rewards for companies willing to take a calculated risk.
A SLEEPING GIANT AWAKENS
South Africa is getting all the press these
days as it prepares a bevy of megaprojects
to host the World Cup in June. But
Nigeria—Africa’s most populous
nation—is quickly coming into its own.
Buoyed by strong oil prices, the country
saw its GDP increase by 3. 8 percent in
2009. Armed with those numbers,
Nigeria is staking its ground on the
project management landscape with a
commitment to continuing economic
reforms and a focus on infrastructure.
Poor infrastructure has been one of
the main impediments to growth in the
West African country. In the hopes of
developing public-private partnerships
(PPPs) for electricity and road projects,
the government has pledged nearly
US$3 billion this year and up to US$7
billion by 2014, according to Business
Chinese companies have been quick
to spot the project opportunities, par-
ticularly with railways. In January, the
Lagos government announced that
China Civil Engineering Construction
was selected as the main contractor for
the first light-rail project, modernizing
the Lagos-Kano line by 2012.