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Construction in Bahrain Key Trends and Opportunities to 2021

Published By :

Timetric

Published Date : Feb 2017

Category :

Construction

No. of Pages : 76 Pages

Synopsis
In real terms, the Bahraini construction industrys output grew by 6.4% in 2016, following an average annual growth of 5.2% during the preceding four years. This increase can be attributed to favorable macroeconomic conditions, improvements in business confidence and consumer demand, and public and private sector investment in infrastructure and residential construction projects, leading to an increase in demand for the Bahraini construction industry. Consequently, in real terms, the construction industrys contribution to the countrys GDP increased from 6.7% in 2012 to 7.0% in 2015.

The construction industry is expected to continue to expand over the forecast period (20172021), with investments in infrastructure, residential and energy projects continuing to drive growth.

The focus on the development of transport infrastructure and the construction of affordable housing units will be key growth drivers. The industry growth will also be driven by the Bahrain Economic Vision 2030, under which the government aims to diversify the countrys economy away from oil and support economic growth.

The industrys output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 5.01% over the forecast period, compared to 5.73% during the review period (20122016).

Low oil prices are expected to undermine growth prospects during the early part of the forecast period. However, the governments early efforts to diversify the economy away from oil by focusing on non-oil sectors will create growth opportunities for the construction industry.

Summary
Timetrics 'Construction in Bahrain, Key Trends and Opportunities to 2021' report provides detailed market analysis, information and insights into the Bahraini construction industry, including:

The Bahraini construction industry's growth prospects by market, project type and construction activity

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

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

Profiles of the leading operators in the Bahraini construction industry

Data highlights of the largest construction projects in Bahrain

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

Historical (2012-2016) and forecast (2017-2021) valuations of the construction industry in Bahrain 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 Bahrain

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
The government is focusing on improvements to the countrys infrastructure to boost the performance of non-oil sector. As a result, the countrys non-oil economy is expected to record growth of 2.4% in 2017. According to the Economic Development Board (EDB), the country is currently in the process of implementing infrastructure construction projects with a value of BHD12.0 billion (US$32.0 billion).

Housing supply in Bahrain is relatively low compared to demand, which provides opportunities for residential developers. Accordingly, in a bid to provide affordable housing to meet demand from lower- and middle-income groups, the government set a target of constructing 65,000 social housing units across the country by 2020 under the Government Action Plan.

The government is focusing on the expansion and modernization of airport infrastructure, with an aim to improve airport services and build a world-class aviation infrastructure to meet the expected rises in passenger, cargo and air traffic. Accordingly, the government is developing Bahrain International Airport (BIA) under the Airport Modernisation Programme. In 2016, a joint venture of the Dubai-based Arabtec Construction and Turkey's TAV Construction won a contract to construct a new terminal at BIA.

The Bahraini construction industrys growth will be driven by government plans to increase the share of renewable energy in terms of total energy consumption, and encourage investment in renewable energy infrastructure. Accordingly, the Bahraini cabinet approved the National Plan for Renewable Energy in January 2017, to achieve sustainable development and energy efficiency.

The government is seeking help from foreign investors to improve the countrys infrastructure. In August 2016, the Bahraini government signed seven contracts worth BHD148.5 million (US$395.0 million) with Kuwait and the UAE to carry out housing and infrastructure construction projects in the country.
Table of Contents
1 Executive Summary
2 Industry Outlook
2.1 Commercial Construction
2.2 Industrial Construction
2.3 Infrastructure Construction
2.4 Energy and Utilities Construction
2.5 Institutional Construction
2.6 Residential Construction
3 Key Issues and Developments
4 Market Data Analysis
4.1 Construction Output and Value Add
4.1.1 Construction output by project type
4.1.2 Construction output by cost type
4.1.3 Construction output by activity type
4.1.4 Construction value add by project type
4.2 Commercial Construction
4.2.1 Commercial construction output by project type
4.2.2 Commercial construction output by cost type
4.2.3 Commercial construction output by activity type
4.2.4 Commercial construction value add by project type
4.3 Industrial Construction
4.3.1 Industrial construction output by project type
4.3.2 Industrial construction output by cost type
4.3.3 Industrial construction output by activity type
4.3.4 Industrial construction value add by project type
4.4 Infrastructure Construction
4.4.1 Infrastructure construction output by project type
4.4.2 Infrastructure construction output by cost type
4.4.3 Infrastructure construction output by activity type
4.4.4 Infrastructure construction value add by project type
4.5 Energy and Utilities Construction
4.5.1 Energy and utilities construction output by project type
4.5.2 Energy and utilities construction output by cost type
4.5.3 Energy and utilities construction output by activity type
4.5.4 Energy and utilities construction value add by project type
4.6 Institutional Construction
4.6.1 Institutional construction output by project type
4.6.2 Institutional construction output by cost type
4.6.3 Institutional construction output by activity type
4.6.4 Institutional construction value add by project type
4.7 Residential Construction
4.7.1 Residential construction output by project type
4.7.2 Residential construction output by cost type
4.7.3 Residential construction output by activity type
4.7.4 Residential construction value add by project type
5 Company Profile: Nass Corporation BSC
5.1 Nass Corporation BSC Company Overview
5.2 Nass Corporation BSC Business Description
5.3 Nass Corporation BSC Main Products and Services
5.4 Nass Corporation BSC History
5.5 Nass Corporation BSC Company Information
5.5.1 Nass Corporation BSC key competitors
5.5.2 Nass Corporation BSC key employees
6 Company Profile: Ahmed Mansoor Al Aali Group of Companies
6.1 Ahmed Mansoor Al Aali Group of Companies Company Overview
6.2 Ahmed Mansoor Al Aali Group of Companies Main Products and Services
6.3 Ahmed Mansoor Al Aali Group of Companies History
6.4 Ahmed Mansoor Al Aali Group of Companies Company Information
6.4.1 Ahmed Mansoor Al Aali Group of Companies key competitors
6.4.2 Ahmed Mansoor Al Aali Group of Companies key employees
7 Company Profile: Poullaides Construction Company WLL
7.1 Poullaides Construction Company WLL Company Overview
7.2 Poullaides Construction Company WLL Main Services
7.3 Poullaides Construction Company WLL History
7.4 Poullaides Construction Company WLL Company Information
7.4.1 Poullaides Construction Company WLL key competitors
7.4.2 Poullaides Construction Company WLL key employees
8 Company Profile: Arabian Dredging Company WLL
8.1 Arabian Dredging Company WLL Company Overview
8.2 Arabian Dredging Company WLL Main Services
8.3 Arabian Dredging Company WLL History
8.4 Arabian Dredging Company WLL Company Information
8.4.1 Arabian Dredging Company WLL key competitors
8.4.2 Arabian Dredging Company WLL key employees
9 Company Profile: OAK Utility Solutions and Development WLL
9.1 OAK Utility Solutions and Development WLL Company Overview
9.2 OAK Utility Solutions and Development WLL Main Services
9.3 OAK Utility Solutions and Development WLL Company Information
9.3.1 OAK Utility Solutions and Development WLL key competitors
9.3.2 OAK Utility Solutions and Development WLL key employees
10 Appendix
10.1 What is this Report About?
10.2 Definitions
10.3 Methodology
10.4 Contact Timetric
10.5 About Timetric
10.6 Timetrics Services
10.7 Disclaimer

List of Tables
Table 1: Bahraini Construction Output by Project Type (BHD Million), 20122016
Table 2: Bahraini Construction Output by Project Type (BHD Million), 20162021
Table 3: Bahraini Construction Output by Cost Type (BHD Million), 20122016
Table 4: Bahraini Construction Output by Cost Type (BHD Million), 20162021
Table 5: Bahraini Construction Output by Activity Type (BHD Million), 20122016
Table 6: Bahraini Construction Output by Activity Type (BHD Million), 20162021
Table 7: Bahraini Construction Value Add by Project Type (BHD Million), 20122016
Table 8: Bahraini Construction Value Add by Project Type (BHD Million), 20162021
Table 9: Bahraini Commercial Construction Output by Project Type (BHD Million), 20122016
Table 10: Bahraini Commercial Construction Output by Project Type (BHD Million), 2016 2021
Table 11: Bahraini Commercial Construction Output by Cost Type (BHD Million), 20122016
Table 12: Bahraini Commercial Construction Output by Cost Type (BHD Million), 20162021
Table 13: Bahraini Commercial Construction Output by Activity Type (BHD Million), 2012 2016
Table 14: Bahraini Commercial Construction Output by Activity Type (BHD Million), 2016 2021
Table 15: Bahraini Commercial Construction Value Add by Project Type (BHD Million), 2012 2016
Table 16: Bahraini Commercial Construction Value Add by Project Type (BHD Million), 2016 2021
Table 17: Bahraini Industrial Construction Output by Project Type (BHD Million), 20122016
Table 18: Bahraini Industrial Construction Output by Project Type (BHD Million), 20162021
Table 19: Bahraini Industrial Construction Output by Cost Type (BHD Million), 20122016
Table 20: Bahraini Industrial Construction Output by Cost Type (BHD Million), 20162021
Table 21: Bahraini Industrial Construction Output by Activity Type (BHD Million), 20122016
Table 22: Bahraini Industrial Construction Output by Activity Type (BHD Million), 20162021
Table 23: Bahraini Industrial Construction Value Add by Project Type (BHD Million), 2012 2016
Table 24: Bahraini Industrial Construction Value Add by Project Type (BHD Million), 2016 2021
Table 25: Bahraini Infrastructure Construction Output by Project Type (BHD Million), 2012 2016
Table 26: Bahraini Infrastructure Construction Output by Project Type (BHD Million), 2016 2021
Table 27: Bahraini Infrastructure Construction Output by Cost Type (BHD Million), 20122016
Table 28: Bahraini Infrastructure Construction Output by Cost Type (BHD Million), 20162021
Table 29: Bahraini Infrastructure Construction Output by Activity Type (BHD Million), 2012 2016
Table 30: Bahraini Infrastructure Construction Output by Activity Type (BHD Million), 2016 2021
Table 31: Bahraini Infrastructure Construction Value Add by Project Type (BHD Million), 20122016
Table 32: Bahraini Infrastructure Construction Value Add by Project Type (BHD Million), 20162021
Table 33: Bahraini Energy and Utilities Construction Output by Project Type (BHD Million), 20122016
Table 34: Bahraini Energy and Utilities Construction Output by Project Type (BHD Million), 20162021
Table 35: Bahraini Energy and Utilities Construction Output by Cost Type (BHD Million), 20122016
Table 36: Bahraini Energy and Utilities Construction Output by Cost Type (BHD Million), 20162021
Table 37: Bahraini Energy and Utilities Construction Output by Activity Type (BHD Million), 20122016
Table 38: Bahraini Energy and Utilities Construction Output by Activity Type (BHD Million), 20162021
Table 39: Bahraini Energy and Utilities Construction Value Add by Project Type (BHD Million), 20122016
Table 40: Bahraini Energy and Utilities Construction Value Add by Project Type (BHD Million), 20162021
Table 41: Bahraini Institutional Construction Output by Project Type (BHD Million), 2012 2016
Table 42: Bahraini Institutional Construction Output by Project Type (BHD Million), 2016 2021
Table 43: Bahraini Institutional Construction Output by Cost Type (BHD Million), 20122016
Table 44: Bahraini Institutional Construction Output by Cost Type (BHD Million), 20162021
Table 45: Bahraini Institutional Construction Output by Activity Type (BHD Million), 2012 2016
Table 46: Bahraini Institutional Construction Output by Activity Type (BHD Million), 2016 2021
Table 47: Bahraini Institutional Construction Value Add by Project Type (BHD Million), 2012 2016
Table 48: Bahraini Institutional Construction Value Add by Project Type (BHD Million), 2016 2021
Table 49: Bahraini Residential Construction Output by Project Type (BHD Million), 20122016
Table 50: Bahraini Residential Construction Output by Project Type (BHD Million), 20162021
Table 51: Bahraini Residential Construction Output by Cost Type (BHD Million), 20122016
Table 52: Bahraini Residential Construction Output by Cost Type (BHD Million), 20162021
Table 53: Bahraini Residential Construction Output by Activity Type (BHD Million), 2012 2016
Table 54: Bahraini Residential Construction Output by Activity Type (BHD Million), 2016 2021
Table 55: Bahraini Residential Construction Value Add by Project Type (BHD Million), 2012 2016
Table 56: Bahraini Residential Construction Value Add by Project Type (BHD Million), 2016 2021
Table 57: Nass Corporation BSC, Key Facts
Table 58: Nass Corporation BSC, Main Products and Services
Table 59: Nass Corporation BSC, History
Table 60: Nass Corporation BSC, Key Employees
Table 61: Ahmed Mansoor Al Aali Group of Companies, Key Facts
Table 62: Ahmed Mansoor Al Aali Group of Companies, Main Products and Services
Table 63: Ahmed Mansoor Al Aali Group of Companies, History
Table 64: Ahmed Mansoor Al Aali Group of Companies, Key Employees
Table 65: Poullaides Construction Company WLL, Key Facts
Table 66: Poullaides Construction Company WLL, Main Services
Table 67: Poullaides Construction Company WLL, History
Table 68: Poullaides Construction Company WLL, Key Employees
Table 69: Arabian Dredging Company WLL, Key Facts
Table 70: Arabian Dredging Company WLL, Main Services
Table 71: Arabian Dredging Company WLL, History
Table 72: Arabian Dredging Company WLL, Key Employees
Table 73: OAK Utility Solutions and Development WLL, Key Facts
Table 74: OAK Utility Solutions and Development WLL, Main Services
Table 75: OAK Utility Solutions and Development WLL, Key Employees
Table 76: Timetric Construction Market Definitions

List of Figures
Figure 1: Bahraini Construction Output (Real US$ 2010, Million), 20122021
Figure 2: Growth Matrix for Construction Output in Bahrain (US$ Million), 20122021
Figure 3: Bahraini Construction Output by Project Type (BHD Million), 20122021
Figure 4: Bahraini Construction Output by Cost Type (BHD Million), 20122021
Figure 5: Bahraini Construction Output by Activity Type (BHD Million), 20122021
Figure 6: Bahraini Construction Value Add by Project Type (BHD Million), 20122021
Figure 7: Bahraini Commercial Construction Output by Project Type (BHD Million), 20122021
Figure 8: Bahraini Commercial Construction Output by Cost Type (BHD Million), 20122021
Figure 9: Bahraini Commercial Construction Output by Activity Type (BHD Million), 20122021
Figure 10: Bahraini Commercial Construction Value Add by Project Type (BHD Million), 2012 2021
Figure 11: Bahraini Industrial Construction Output by Project Type (BHD Million), 20122021
Figure 12: Bahraini Industrial Construction Output by Cost Type (BHD Million), 20122021
Figure 13: Bahraini Industrial Construction Output by Activity Type (BHD Million), 20122021
Figure 14: Bahraini Industrial Construction Value Add by Project Type (BHD Million), 2012 2021
Figure 15: Bahraini Infrastructure Construction Output by Project Type (BHD Million), 2012 2021
Figure 16: Bahraini Infrastructure Construction Output by Cost Type (BHD Million), 2012 2021
Figure 17: Bahraini Infrastructure Construction Output by Activity Type (BHD Million), 2012 2021
Figure 18: Bahraini Infrastructure Construction Value Add by Project Type (BHD Million), 20122021
Figure 19: Bahraini Energy and Utilities Construction Output by Project Type (BHD Million), 20122021
Figure 20: Bahraini Energy and Utilities Construction Output by Cost Type (BHD Million), 20122021
Figure 21: Bahraini Energy and Utilities Construction Output by Activity Type (BHD Million), 20122021
Figure 22: Bahraini Energy and Utilities Construction Value Add by Project Type (BHD Million), 20122021
Figure 23: Bahraini Institutional Construction Output by Project Type (BHD Million), 2012 2021
Figure 24: Bahraini Institutional Construction Output by Cost Type (BHD Million), 20122021
Figure 25: Bahraini Institutional Construction Output by Activity Type (BHD Million), 2012 2021
Figure 26: Bahraini Institutional Construction Value Add by Project Type (BHD Million), 20122021
Figure 27: Bahraini Residential Construction Output by Project Type (BHD Million), 2012 2021
Figure 28: Bahraini Residential Construction Output by Cost Type (BHD Million), 20122021
Figure 29: Bahraini Residential Construction Output by Activity Type (BHD Million), 2012 2021
Figure 30: Bahraini Residential Construction Value Add by Project Type (BHD Million), 2012 2021

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