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457297

Construction in Bahrain - Key Trends and Opportunities to 2025 (H2 2021)

Published: | GlobalData | 53 Pages | Delivery time: 1-2 business days

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Construction in Bahrain - Key Trends and Opportunities to 2025 (H2 2021)
Published: August 31, 2021
GlobalData
Content info: 53 Pages
Delivery time: 1-2 business days
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  • Description
  • Table of Contents
Description

Bahrain's construction industry shrunk by 0.9% in real terms in 2020, owing to the dual impact of the Coronavirus (COVID-19) outbreak and a fall in oil prices. Previously, the industry had grown by 2.6% in 2019, and at an annual average rate of 3.3% between 2017-2019. In April 2020, the government cut spending of ministries and government agencies by 30%, and rescheduled some construction and consulting projects to free up funding for initiatives to combat the pandemic. In another setback for the industry's output in 2020, a sharp decline in oil prices eroded government revenues, most of which are derived from the oil and gas sector. This led to a significant widening of Bahrain's fiscal deficit, and as a result, the government debt rose from 102% of GDP in 2019 to 130% of GDP in 2020. High debt levels and a fall in government income is expected to have weighed on public spending on infrastructure in 2020.

The industry is expected to rebound in 2021, growing by 2% in real terms in 2021, before registering an annual average growth of 4.2% between 2022-2025, supported by investments in the oil, transport infrastructure and housing sectors. In March 2021, the government released the budget for the Fiscal Years (FY) 2021-2022 (1st January, 2021 to December 31st, 2022), which includes a project expenditure of BHD600 million (US$1.6 billion) over the next two years. This includes allocations for projects in the infrastructure, housing, health, education, sports, culture, electricity and water sectors, among others. In another positive development, the country awarded contracts worth BHD601.6 million (US$1.6 billion) in the first quarter of 2021, with the oil, aviation and engineering sectors securing the highest value of contracts respectively that quarter.

According to the pipeline of projects tracked by GlobalData, Bahrain currently has BHD24.5 billion (US$65 billion)-worth of projects in various stages, making it the 10th largest in the MENA (Middle East and North Africa) region. Some of the major projects currently under construction are the BHD11.2 billion (US$4.2 billion) Sitra Oil Refinery modernization and expansion project, the BHD752 million (US$2 billion) Marassi Al Bahrain mixed-use development project, and the BHD488.8 million (US$1.3 billion) Al Dur 2 IWPP (Independent Water and Power Plant) project.

GlobalData's Construction in Bahrain - Key Trends and Opportunities to 2025 (H2 2021) report provides detailed market analysis, information and insights into Bahrain's construction industry, including -

  • Bahrain's construction industry's growth prospects by market, project type and construction activity
  • Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Bahrain's construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope

This report provides a comprehensive analysis of the construction industry in Bahrain. It provides -

  • Historical (2016-2020) and forecast (2021-2025) 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: GDCN0726MR

Table of Contents

Table of Contents

1 Executive Summary

2 Construction Industry: At-a-Glance

3 Context

  • 3.1 Economic Performance
  • 3.2 Political Environment and Policy
  • 3.3 Demographics
  • 3.4 COVID-19 Status
  • 3.5 Risk Profile

4 Construction Outlook

  • 4.1 All Construction
  • Outlook
  • Latest news and developments
  • 4.2 Commercial Construction
  • Outlook
  • Project analytics
  • Latest news and developments
  • 4.3 Industrial Construction
  • Outlook
  • Project analytics
  • Latest news and developments
  • 4.4 Infrastructure Construction
  • Outlook
  • Project analytics
  • Latest news and developments
  • 4.5 Energy and Utilities Construction
  • Outlook
  • Project analytics
  • Latest news and developments
  • 4.6 Institutional Construction
  • Outlook
  • Project analytics
  • Latest news and developments
  • 4.7 Residential Construction
  • Outlook
  • Project analytics
  • Latest news and developments

5 Key Industry Participants

  • 5.1 Contractors
  • 5.2 Consultants

6 Construction Market Data

7 Appendix

  • 7.1 What is this Report About?
  • 7.2 Definitions
  • 7.3 CRI Methodology
  • 7.4 GlobalData Construction
  • Contact Us

List of Tables

List of Tables

  • Table 1: Construction Industry Key Data
  • Table 2: Bahrain, Key Economic Indicators
  • Table 3: Bahrain, Commercial Construction Output by Project Type (Real % Change), 2016-2025
  • Table 4: Bahrain, Top Commercial Construction Projects by Value
  • Table 5: Bahrain, Industrial Construction Output by Project Type (Real % Change), 2016-2025
  • Table 6: Bahrain, Top Industrial Construction Projects by Value
  • Table 7: Bahrain, Infrastructure Construction Output by Project Type (Real % Change), 2016-2025
  • Table 8: Bahrain, Top Infrastructure Construction Projects by Value
  • Table 9: Bahrain, Energy and Utilities Construction Output by Project Type (Real % Change), 2016-2025
  • Table 10: Bahrain, Top Energy and Utilities Construction Projects by Value
  • Table 11: Bahrain, Institutional Construction Output by Project Type (Real % Change), 2016-2025
  • Table 12: Bahrain, Top Institutional Construction Projects by Value
  • Table 13: Bahrain, Residential Construction Output by Project Type (Real % Change), 2016-2025
  • Table 14: Bahrain, Top Residential Construction Projects by Value
  • Table 15: Bahrain, Key Contractors
  • Table 16: Bahrain, Key Consultants
  • Table 17: Bahrain, Construction Output Value (Real, US$ Million)
  • Table 18: Bahrain, Construction Output Value (Nominal, BHD Million)
  • Table 19: GlobalData Construction Market Definitions
  • Table 20: Risk Dimensions
  • Table 21: Ratings, Scores and Definitions

List of Figures

List of Figures

  • Figure 1: Middle East and North Africa, Construction Output (Real % Change), 2020 and 2021
  • Figure 2: Bahrain, Construction Projects Pipeline by Sector (US$ Billion)
  • Figure 3: Bahrain, COVID-19 Confirmed Cases
  • Figure 4: Bahrain, Risk Summary
  • Figure 5: Bahrain, Risk Regional Comparison
  • Figure 6: Bahrain, Construction Output Value (Real, US$ Billion, 2017 Prices and Exchange Rate), 2016-2025
  • Figure 7: Bahrain, Construction Output Value, by Sector (Real, US$ Million), 2016-2025
  • Figure 8: Bahrain, Construction Value Add (BHD Million, 2010 Constant Prices), YoY % Change
  • Figure 9: Bahrain, Outstanding Loans and Advances to the Construction and Real Estate Sector, In BHD Million, YoY % Change
  • Figure 10: Bahrain, Commercial Construction Output by Project Type (Real, US$ Million), 2016-2025
  • Figure 11: Bahrain, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 12: Bahrain, Hotel and Restaurants Value-Add (BHD Million, 2010 Constant Prices), YoY % Change
  • Figure 13: Bahrain, Outstanding Loans and Advances to Hotels and Restaurants, In BHD Million, YoY % Change
  • Figure 14: Bahrain, Wholesale and Retail Trade Value-Add (BHD Million, 2010 Constant Prices), YoY % Change
  • Figure 15: Bahrain, Industrial Construction Output by Project Type (Real, US$ Million), 2016-2025
  • Figure 16: Bahrain, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 17: Bahrain, Manufacturing Value-Add (BHD Million, 2010 Constant Prices), YoY % Change
  • Figure 18: Bahrain, Total Non-Oil Exports of National Origin, In BHD Million, YoY % Change
  • Figure 19: Bahrain, Infrastructure Construction Output by Project Type (Real, US$ Million), 2016-2025
  • Figure 20: Bahrain, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 21: Bahrain, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2016-2025
  • Figure 22: Bahrain, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 23: Bahrain, Crude Petroleum Production and Exports, In Thousand Barrels
  • Figure 24: Bahrain, Electricity Production and Consumption, Annual % Change
  • Figure 25: Bahrain, Crude Petroleum and Natural Gas Mining Value-Add (BHD Million, 2010 Constant Prices), YoY % Change
  • Figure 26: Bahrain, Electricity and Water Value Add (BHD Million, 2010 Constant Prices), YoY % Change
  • Figure 27: Bahrain, Institutional Construction Output by Project Type (Real, US$ Million), 2016-2025
  • Figure 28: Bahrain, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 29: Bahrain, Value Add of Private Health and Education Services, In 2010 Constant Prices, YoY % Change
  • Figure 30: Bahrain, Residential Construction Output by Project Type (Real, US$ Million), 2016-2025
  • Figure 31: Bahrain, Residential Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 32: Bahrain, Real Estate Value Add (BHD Million, 2010 Constant Prices), YoY % Change
  • Figure 33: Bahrain, Headquarters of Key Contractors (% of Total Project Pipeline)
  • Figure 34: Bahrain, Headquarters of Key Consultants (% of Total Project Pipeline)