Market Research Report
Construction in Bahrain - Key Trends and Opportunities to 2022
|Published by||Timetric||Product code||457297|
|Published||Content info||43 Pages
|Construction in Bahrain - Key Trends and Opportunities to 2022|
|Published: February 28, 2018||Content info: 43 Pages||
In real terms, the Bahraini construction industry's output grew by an annual average of 4.8% during the review period (2013-2017). Although output growth slowed sharply in 2017, the general upward trend can be attributed to public and private sector investment in infrastructure and residential construction projects.
Over the forecast period (2018-2022), government efforts to enhance transport and residential infrastructure will support the growth of the industry. In addition, the government's aim to improve local energy resources is expected to support investments in energy infrastructure projects, which will in turn fuel growth in the industry. The industry growth will also be driven by the Economic Vision 2030, under which the government aims to diversify the country's economy away from oil and support economic growth.
The industry's output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 4.80% over the forecast period, compared to 4.91% during the review period.
Government efforts to diversify the economy away from oil by focusing on non-oil sectors will create growth opportunities for the construction industry.
Timetric's Construction in Bahrain - Key Trends and Opportunities to 2022 report provides detailed market analysis, information and insights into the Bahraini construction industry, including:
This report provides a comprehensive analysis of the construction industry in Bahrain. It provides: