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Market Research Report

Construction in Bahrain - Key Trends and Opportunities to 2023

Published by GlobalData Product code 457297
Published Content info 51 Pages
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Construction in Bahrain - Key Trends and Opportunities to 2023
Published: March 8, 2019 Content info: 51 Pages
Description

The Bahraini construction industry regained growth momentum in 2018, with output value expanding by 5.7% in real terms - up from 1.7% in 2017. The industry's output value, measured at constant 2017 US dollar exchange rates, increased from US$7.9 billion in 2017 to US$8.4 billion in 2018. Growth during the review period (2014-2018) averaged 5.1% a year, and was supported by public and private sector investment in infrastructure and residential construction projects, leading to an increase in demand for the Bahraini construction industry.

The industry's output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 5.58% over the forecast period. The industry is consequently expected to rise from a value of US$8.4 billion in 2018 to US$11.0 billion in 2023, measured at constant 2017 US dollar exchange rates. The total construction project pipeline in including all mega projects with a value above US$25 million - stands at BHD32.8 billion (US$87.1 billion). The pipeline, which includes all projects from pre-planning to execution, is skewed towards late-stage projects, with 75.2% of the pipeline value being in projects in the pre-execution and execution stages as of March 2019.

The industry's output value is expected to continue to expand over the forecast period (2019-2023), with investments in transport infrastructure, energy, commercial and industrial projects, as well as improvement in consumer and investor confidence. The government's aim to reduce the country's dependency on the oil and gas sector, with a particular emphasis on the non-oil sector, will drive funding towards commercial, industrial and institutional construction projects. In 2018, the government awarded 119 tenders worth BHD278.0 million (US$732.0 million) for roads, sewage and building construction projects. The government's aim to develop the country's rail infrastructure will drive the industry's growth.

Accounting for 36.7% of the industry's total value in 2018, energy and utilities construction was the largest market in the Bahraini construction industry during the review period. The market is expected to retain its position over the forecast period, with a market share of 35.9% of the industry's total value in 2023. Over the forecast period, the market output is expected to be supported by government investments in the oil and gas sector and the expansion of water utility projects. Residential construction accounted for 22.8% of the industry's total output in 2018, followed by commercial construction with 17.6%, infrastructure construction with 16.6%, institutional construction with 3.8% and industrial construction with 2.5%.

Scope

  • This report provides a comprehensive analysis of the construction industry in Bahrain.
  • Historical (2014-2018) and forecast (2019-2023) valuations of the construction industry in Bahrain, featuring details of key growth drivers.
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
  • Listings of major projects, in addition to details of leading contractors and consultants.

Reasons to buy

  • Identify and evaluate market opportunities using GlobalData's standardized valuation and forecasting methodologies.
  • Assess market growth potential at a micro-level with over 600 time-series data forecasts.
  • Understand the latest industry and market trends.
  • Formulate and validate strategy using GlobalData's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.
Table of Contents
Product Code: GDCN0456MR

Table of Contents

1. EXECUTIVE SUMMARY

2. CONSTRUCTION OUTLOOK: AT-A-GLANCE

3. LATEST NEWS AND INDICATORS

4. KEY DRIVERS AND RISKS

  • 4.1. Economic Performance
  • 4.2. Political Environment
  • 4.3. Demographics
  • 4.4. Risk Profile

5. CONSTRUCTION OUTLOOK

  • 5.1. All Construction
    • 5.1.1. Outlook
    • 5.1.2. Project analytics
  • 5.2. Commercial Construction
    • 5.2.1. Outlook
    • 5.2.2. Project analytics
  • 5.3. Industrial Construction
    • 5.3.1. Outlook
    • 5.3.2. Project analytics
  • 5.4. Infrastructure Construction
    • 5.4.1. Outlook
    • 5.4.2. Project analytics
  • 5.5. Energy and Utilities Construction
    • 5.5.1. Outlook
    • 5.5.2. Project analytics
  • 5.6. Institutional Construction
    • 5.6.1. Outlook
    • 5.6.2. Project analytics
  • 5.7. Residential Construction
    • 5.7.1. Outlook
    • 5.7.2. Project analytics

6. KEY INDUSTRY PARTICIPANTS

  • 6.1. Contractors
  • 6.2. Consultants

7. APPENDIX

  • 7.1. What is this Report About?
  • 7.2. Definitions

8. ABOUT GLOBALDATA

  • 8.1. GlobalData at a Glance
  • 8.2. GlobalData Construction
  • 8.3. Disclaimer
  • 8.4. Contact Us

List of Tables

  • Table 1: Construction Outlook
  • Table 2: Bahrain, Key Economic Indicators
  • Table 3: Bahrain, Construction Output Value (nominal, BHD Million)
  • Table 4: Bahrain, Construction Output Value (nominal, US$ Million)
  • Table 5: Bahrain, Top Commercial Construction Projects by Value
  • Table 6: Bahrain, Top Industrial Construction Projects by Value
  • Table 7: Bahrain, Top Infrastructure Construction Projects by Value
  • Table 8: Bahrain, Top Energy and Utilities Construction Projects by Value
  • Table 9: Bahrain, Top Institutional Construction Projects by Value
  • Table 10: Bahrain, Top Residential and Mixed-Use Construction Projects by Value
  • Table 11: Bahrain, Key Contractors
  • Table 12: Bahrain, Key Consultants
  • Table 13: GlobalData Construction Market Definitions
  • Table 14: Construction Risk Index Ratings and Scores

List of Figures

  • Figure 1: Key Markets, Construction Output Growth Matrix and Risk Matrix
  • Figure 2: Bahrain, Construction Projects Pipeline by Sector (BHD Billion)
  • Figure 3: Bahrain, Risk Profile
  • Figure 4: Bahrain, Risk Comparison
  • Figure 5: Bahrain, Construction Output Value (Real, US$ million, 2017 prices and exchange rate)
  • Figure 6: Bahrain, Construction Output Value, Growth Matrix
  • Figure 7: Bahrain, Construction Output Value, by Sector (BHD Million), 2014-2023
  • Figure 8: Bahrain, Construction Projects Pipeline, Projected Annual Spending by Stage (BHD Million), 2018-2023
  • Figure 9: Bahrain, Construction Projects Pipeline, Value by Stage (BHD Million)
  • Figure 10: Bahrain, Commercial Construction Output by Project Type (BHD Million), 2014-2023
  • Figure 11: Bahrain, Commercial Construction Projects Pipeline, Value by Stage (BHD Million)
  • Figure 12: Bahrain, Commercial Construction Projects Pipeline, Projected Annual Spending by Stage (BHD Million), 2018-2023
  • Figure 13: Bahrain, Industrial Construction Output by Project Type (BHD Million), 2014-2023
  • Figure 14: Bahrain, Industrial Construction Projects Pipeline, Value by Stage (BHD Million)
  • Figure 15: Bahrain, Industrial Construction Projects Pipeline, Projected Annual Spending by Stage (BHD Million), 2018-2023
  • Figure 16: Bahrain, Infrastructure Construction Output by Project Type (BHD Million), 2014-2023
  • Figure 17: Bahrain, Infrastructure Construction Projects Pipeline, Value by Stage (BHD Million)
  • Figure 18: Bahrain, Infrastructure Construction Projects Pipeline, Projected Annual Spending by Stage (BHD Million), 2018-2023
  • Figure 19: Bahrain, Energy and Utilities Construction Output by Project Type (BHD Million), 2014-2023
  • Figure 20: Bahrain, Energy and Utilities Construction Projects Pipeline, Value by Stage (BHD Million)
  • Figure 21: Bahrain, Energy and Utilities Construction Projects Pipeline, Projected Annual Spending by Stage (BHD Million), 2018-2023
  • Figure 22: Bahrain, Institutional Construction Output by Project Type (BHD Million), 2014-2023
  • Figure 23: Bahrain, Institutional Construction Projects Pipeline, Value by Stage (BHD Million)
  • Figure 24: Bahrain, Institutional Construction Projects Pipeline, Projected Annual Spending by Stage (BHD Million), 2018-2023
  • Figure 25: Bahrain, Residential Construction Output by Project Type (BHD Million), 2014-2023
  • Figure 26: Bahrain, Residential Construction Projects Pipeline, Value by Stage (BHD Million)
  • Figure 27: Bahrain, Residential Construction Projects Pipeline, Projected Annual Spending by Stage (BHD Million), 2018-2023
  • Figure 28: Bahrain, Headquarters of Key Contractors (% of Total Project Pipeline)
  • Figure 29: Bahrain, Headquarters of Foreign Contractors (% of Project Pipeline with Foreign Contractor)
  • Figure 30: Bahrain, Headquarters of Key Consultants (% of Total Project Pipeline)
  • Figure 31: Bahrain, Headquarters of Foreign Consultants (% of Project Pipeline with Foreign Consultants)
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