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Construction in Iraq - Key Trends and Opportunities to 2020


News provided by

ReportBuyer

Aug 17, 2016, 05:34 ET

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LONDON, Aug. 17, 2016 /PRNewswire/ -- Synopsis
The construction industry in Iraq has suffered greatly from the country's dire security situation and weak investor confidence, as well as a decline in government spending owing to the sharp drop in oil prices since late 2014. The country's construction industry contracted in real terms, by 19.0% in 2014 and 7.3% in 2015.

However, with the liberation of many provinces from the grasp of the Islamic State in Iraq and Syria (ISIS), the industry is recovering, and is expected to register a positive growth rate of 3.3% in 2016 in real terms.

Over the forecast period (2016–2020), assuming oil prices recover, the industry is expected to be supported by the government's investment in war-damaged property, transport infrastructure, healthcare, educational facilities and housing projects.

Growth will also be driven by the country's tourism development program for 2016–2026 and Transport Corridors Project (TCP), under which the government aims to develop road, rail, and airport infrastructure.

There are risks associated with the industry's outlook. If oil prices do not recover, the government's fiscal position will challenging, and as such it will struggle to drive investment in infrastructure, and if the war with ISIS is prolonged, it will continue to damage investor confidence, and thus undermine growth prospects over the forecast period.

Summary
Timetric's Construction in Iraq – Key Trends and Opportunities to 2020 report provides detailed market analysis, information and insights into the Iraqi construction industry including:

- Iraqi construction industry's growth prospects by market, project type and construction activity

- Analysis of equipment, material and service costs for each project type in Iraq

- Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Iraqi construction industry

- Profiles of the leading operators in the Iraqi construction industry

- Data highlights of the largest construction projects in Iraq

Scope
This report provides a comprehensive analysis of the construction industry in Iraq It provides:

- Historical (2011-2015) and forecast (2016-2020) valuations of the construction industry in Iraq using construction output and value-add methods

- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by project type

- Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)

- Analysis of key construction industry issues, including regulation, cost management, funding and pricing

- Detailed profiles of the leading construction companies in Iraq

Reasons To Buy
- Identify and evaluate market opportunities using Timetric'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 Timetric's critical and actionable insight.

- Assess business risks, including cost, regulatory and competitive pressures.

- Evaluate competitive risk and success factors.

Key Highlights
- To maintain the balance between the demand and supply for housing units, the government plans to invest IQD5.8 trillion (US$5.0 billion) to build 2.5 million new housing units by 2018. In addition, the government plans to increase the number of residential units with financial support from private partners. In 2014, the government announced a plan to build the Bismayah New City Project (BNCP) near Baghdad. In cooperation with Hanwha Engineering and Construction, a South Korean construction company, the government announced a plan in 2014 to build 100,000 residential units.

- The government plans to increase the country's renewable energy generation capacity with private sector investment. Accordingly, under a Build Own Operate (BOO) model, in June 2016 a tender was issued for the construction of a 50MW solar power plant for private companies. The government plans to build three solar power plants with a capacity of between five and 10MW in the provinces of Najaf and Diwaniya, and a wind power plant with same capacity in the province of Misan.

- The industry is expected to benefit from government efforts to reconstruct Iraq's damaged infrastructure. States that were previously in the control of ISIS suffered extensive damage. States that were previously in the control of ISIS suffered extensive damage. In 2015, Salahuddin (Tikrit), Sinjar and Anbar (Ramadi), were liberated and are being reconstructed.

- ISIS terrorist activities in Iraq increased during 2013–2014, due to which the government postponed many tourism development investment plans. However, with the liberation of many provinces in 2015, the government resumed its focus on developing the tourism sector. Accordingly, in the 2016 budget, the government prioritized its investment in religious tourism and other tourism to diversify its economy from oil and gas.
Download the full report: https://www.reportbuyer.com/product/4049470/

About Reportbuyer
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
http://www.reportbuyer.com

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]  
Tel: +44 208 816 85 48
Website: www.reportbuyer.com

SOURCE ReportBuyer

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