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Published: Jul, 2016 | Pages:
64 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)
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.
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: Ranj Company 5.1 Ranj Company - Company Overview 5.2 Ranj Company - Main Services 5.3 Ranj Company - History 5.4 Ranj Company - Company Information 5.4.1 Ranj Company - key competitors 5.4.2 Ranj Company - key employee 6 Company Profile: Galala Group of Companies 6.1 Galala Group of Companies - Company Overview 6.2 Galala Group of Companies - Main Products and Services 6.3 Galala Group of Companies - Company Information 6.3.1 Galala Group of Companies - key competitors 6.3.2 Galala Group of Companies - key employees 7 Company Profile: Al Muften Group 7.1 Al Muften Group - Company Overview 7.2 Al Muften Group - Main Services 7.3 Al Muften Group - Company Information 7.3.1 Al Muften Group - key competitors 7.3.2 Al Muften Group - key employee 8 Company Profile: The Kufan Group 8.1 The Kufan Group - Company Overview 8.2 The Kufan Group - Main Services 8.3 The Kufan Group - Company Information 8.3.1 The Kufan Group - key competitors 8.3.2 The Kufan Group - key employee 9 Company Profile: 77 Construction Contracting & Trading Co. 9.1 77 Construction Contracting & Trading Co. - Company Overview 9.2 77 Construction Contracting & Trading Co. - Main Products and Services 9.3 77 Construction Contracting & Trading Co. - Company Information 9.3.1 77 Construction Contracting & Trading Co. - key competitors 9.3.2 77 Construction Contracting & Trading Co. - key employee 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 Timetric's Services 10.7 Disclaimer
List of Tables
Table 1: Iraqi Construction Output by Project Type (IQD Million), 2011-2015 Table 2: Iraqi Construction Output by Project Type (IQD Million), 2015-2020 Table 3: Iraqi Construction Output by Cost Type (IQD Million), 2011-2015 Table 4: Iraqi Construction Output by Cost Type (IQD Million), 2015-2020 Table 5: Iraqi Construction Output by Activity Type (IQD Million), 2011-2015 Table 6: Iraqi Construction Output by Activity Type (IQD Million), 2015-2020 Table 7: Iraqi Construction Value Add by Project Type (IQD Million), 2011-2015 Table 8: Iraqi Construction Value Add by Project Type (IQD Million), 2015-2020 Table 9: Iraqi Commercial Construction Output by Project Type (IQD Million), 2011-2015 Table 10: Iraqi Commercial Construction Output by Project Type (IQD Million), 2015-2020 Table 11: Iraqi Commercial Construction Output by Cost Type (IQD Million), 2011-2015 Table 12: Iraqi Commercial Construction Output by Cost Type (IQD Million), 2015-2020 Table 13: Iraqi Commercial Construction Output by Activity Type (IQD Million), 2011-2015 Table 14: Iraqi Commercial Construction Output by Activity Type (IQD Million), 2015-2020 Table 15: Iraqi Commercial Construction Value Add by Project Type (IQD Million), 2011-2015 Table 16: Iraqi Commercial Construction Value Add by Project Type (IQD Million), 2015-2020 Table 17: Iraqi Industrial Construction Output by Project Type (IQD Million), 2011-2015 Table 18: Iraqi Industrial Construction Output by Project Type (IQD Million), 2015-2020 Table 19: Iraqi Industrial Construction Output by Cost Type (IQD Million), 2011-2015 Table 20: Iraqi Industrial Construction Output by Cost Type (IQD Million), 2015-2020 Table 21: Iraqi Industrial Construction Output by Activity Type (IQD Million), 2011-2015 Table 22: Iraqi Industrial Construction Output by Activity Type (IQD Million), 2015-2020 Table 23: Iraqi Industrial Construction Value Add by Project Type (IQD Million), 2011-2015 Table 24: Iraqi Industrial Construction Value Add by Project Type (IQD Million), 2015-2020 Table 25: Iraqi Infrastructure Construction Output by Project Type (IQD Million), 2011-2015 Table 26: Iraqi Infrastructure Construction Output by Project Type (IQD Million), 2015-2020 Table 27: Iraqi Infrastructure Construction Output by Cost Type (IQD Million), 2011-2015 Table 28: Iraqi Infrastructure Construction Output by Cost Type (IQD Million), 2015-2020 Table 29: Iraqi Infrastructure Construction Output by Activity Type (IQD Million), 2011-2015 Table 30: Iraqi Infrastructure Construction Output by Activity Type (IQD Million), 2015-2020 Table 31: Iraqi Infrastructure Construction Value Add by Project Type (IQD Million), 2011-2015 Table 32: Iraqi Infrastructure Construction Value Add by Project Type (IQD Million), 2015-2020 Table 33: Iraqi Energy and Utilities Construction Output by Project Type (IQD Million), 2011-2015 Table 34: Iraqi Energy and Utilities Construction Output by Project Type (IQD Million), 2015-2020 Table 35: Iraqi Energy and Utilities Construction Output by Cost Type (IQD Million), 2011-2015 Table 36: Iraqi Energy and Utilities Construction Output by Cost Type (IQD Million), 2015-2020 Table 37: Iraqi Energy and Utilities Construction Output by Activity Type (IQD Million), 2011-2015 Table 38: Iraqi Energy and Utilities Construction Output by Activity Type (IQD Million), 2015-2020 Table 39: Iraqi Energy and Utilities Construction Value Add by Project Type (IQD Million), 2011-2015 Table 40: Iraqi Energy and Utilities Construction Value Add by Project Type (IQD Million), 2015-2020 Table 41: Iraqi Institutional Construction Output by Project Type (IQD Million), 2011-2015 Table 42: Iraqi Institutional Construction Output by Project Type (IQD Million), 2015-2020 Table 43: Iraqi Institutional Construction Output by Cost Type (IQD Million), 2011-2015 Table 44: Iraqi Institutional Construction Output by Cost Type (IQD Million), 2015-2020 Table 45: Iraqi Institutional Construction Output by Activity Type (IQD Million), 2011-2015 Table 46: Iraqi Institutional Construction Output by Activity Type (IQD Million), 2015-2020 Table 47: Iraqi Institutional Construction Value Add by Project Type (IQD Million), 2011-2015 Table 48: Iraqi Institutional Construction Value Add by Project Type (IQD Million), 2015-2020 Table 49: Iraqi Residential Construction Output by Project Type (IQD Million), 2011-2015 Table 50: Iraqi Residential Construction Output by Project Type (IQD Million), 2015-2020 Table 51: Iraqi Residential Construction Output by Cost Type (IQD Million), 2011-2015 Table 52: Iraqi Residential Construction Output by Cost Type (IQD Million), 2015-2020 Table 53: Iraqi Residential Construction Output by Activity Type (IQD Million), 2011-2015 Table 54: Iraqi Residential Construction Output by Activity Type (IQD Million), 2015-2020 Table 55: Iraqi Residential Construction Value Add by Project Type (IQD Million), 2011-2015 Table 56: Iraqi Residential Construction Value Add by Project Type (IQD Million), 2015-2020 Table 57: Ranj Company, Key Facts Table 58: Ranj Company, Main Services Table 59: Ranj Company, History Table 60: Ranj Company, Key Employee Table 61: Galala Group of Companies, Key Facts Table 62: Galala Group of Companies, Main Products and Services Table 63: Galala Group of Companies, Key Employees Table 64: Al Muften Group, Key Facts Table 65: Al Muften Group, Main Services Table 66: Al Muften Group Employee Table 67: The Kufan Group, Key Facts Table 68: The Kufan Group, Main Services Table 69: The Kufan Group, Key Employee Table 70: 77 Construction Contracting & Trading Co., Key Facts Table 71: 77 Construction Contracting & Trading Co., Main Products and Services Table 72: 77 Construction Contracting & Trading Co., Key Employee Table 73: Timetric Construction Market Definitions
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