Bahrain Construction Industry to Continue Expanding through 2021, States Timetric in Its In-demand Report Published at MarketPublishers.com23 Mar 2017 • by Natalie Aster
LONDON – The construction industry’s output in Bahrain saw an increase of 6.4% in real terms in 2016, after an AAGR of 5.2% seen over the past 4 years. This upsurge is likely to be propelled by favourable macroeconomic environment, enhancements in customer demand and business confidence, and investments in residential and infrastructure construction. Hence, the contribution of the construction industry to the Bahrain’s GDP in real terms surged from 6.7% as of 2012 to 7% in 2015.
The domestic construction industry is anticipated to keep on expanding through to 2021, fuelled by the government’s plans boost renewable energy’s share with regard to total energy uptake, and promote investment in renewable energy projects.
Furthermore, the focus on the transport infrastructure development and the construction of affordable dwelling units will be amid the main factors driving growth. Additionally, the economic Vision 2030 for Bahrain is also set to stimulate the industry growth.
The output value of the industry in real terms is forecast to post a 5.01% CAGR in the foreseeable future, as against 5.73% during the analysis period.
Low prices for oil are likely to challenge growth prospects in the short run. However, timely efforts of the government to diversify the national economy away from the oil sectors are set to open up opportunities for growth of the construction sector.
Topical research report “Construction in Bahrain Key Trends and Opportunities to 2021” drawn up by Timetric is aimed at examining the construction industry on a national level. The study offers historical and forecast values for the industry. It provides a segmentation analysis of the market by sector and project type; presents a split of values within each type of project, by constructions activity type and based on the type of cost. The study gives deep, unprejudiced insights into the influence of industry trends and issues, and the risks and opportunities presented for the domestic construction industry players. A detailed overview of the issues like cost management, regulation, funding and pricing, and competitive pressures is provided. The report encloses granular profiles of the top construction firms in Bahrain.
More in-demand research reports by this publisher are provided in Timetric’s catalogue at MarketPublishers.com.