(MENAFNEditorial)
Our outlook for Pakistan's construction sector remains largely subdued for 2015 and beyond. Domestic political uncertainty is undermining confidence in the market and ongoing security risks continue to deter foreign investors. High levels of government debt and rising inflation are restricting public spending and while many infrastructure projects are planned or underway these continue to suffer from escalating costs and delays.
Pakistan's infrastructure network starting as it does from a low base does offer enormous long term potential. The country benefits from a strong regional location good relations with powerhouse China and a large potential labour pool. If it is able to secure political stability and address corruption at high levels in order to create a more attractive investment environment we may see further growth in Pakistan's construction sector in the future at present though our forecasts for growth are limited.
Full Report Details at
- http://www.fastmr.com/prod/924254_pakistan_infrastructure_report_2015.aspx?afid=101
Key developments include:
* The 2014/15 state budget PKR205bn of investment in energy projects PKR113bn in road projects and PKR77bn in rail transport projects as well as financing measures to boost the residential construction sector.
* Pakistan's Water and Power Development Authority (WAPDA) has again delayed the deadline for prequalification applications to build the 2160MW Dasu Stage 1 hydroelectric project on the Indus River. Interested parties can now submit applications by February 27 2015.
* China has agreed to invest USD45.6bn via Chinese banks and investment firms in a range of energy and infrastructure projects in Pakistan. In a separate project China has also agreed to invest USD1bn in residential infrastructure projects.
* Overall we expect Pakistan's construction sector to slow in 2015 reflecting a year-on-year growth rate of 3.8%. Similar growth is forecast for the remainder of the forecast period with industry value expected to reach USD9.7bn in 2024 up from USD6.1bn in 2015.
The Pakistan Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects including transportation and logistics by land sea and air; power plants and utilities and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.
BMI's Pakistan Infrastructure Report provides industry professionals and strategists sector analysts investors trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Pakistani infrastructure and construction industry.
Key Benefits
* Benchmark BMI's independent infrastructure industry forecasts for Pakistan to test other views - a key input for successful budgetary and planning in the Pakistani infrastructure market.
* Target business opportunities and risks in the Pakistani infrastructure sector through our reviews of latest industry trends regulatory changes and major deals projects and investments in Pakistan.
* Assess the activities strategy and market position of your competitors partners and clients via our Company Profiles (inc. SWOTs KPIs and latest activity).
Coverage
BMI Industry View
Summary of BMI's key industry forecasts views and trend analysis covering infrastructure and construction regulatory changes major investments and projects and significant multinational and national company developments.
These are broken down into Construction (social commercial and residential) Transport (roads railways ports airports etc) and Energy & Utilities (powerplants renewable projects pipelines and so on).
Industry Trends
Analysis of latest projects across the infrastructure sector (covering the transport utilities and commercial construction sub-sectors) - including:
Market Overview:Analysis of the key elements driving developments including evaluations of current capacity and future requirements.
Building Materials Overview
The building materials overview provides industry trend analysis on the global and regional demands for building materials and the impact of this on the emerging and developed markets.
Business Environment Rankings
BMI's Infrastructure Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors (construction companies suppliers and partners) in the regional infrastructure market.
The rankings methodology makes sophisticated use of over 40 industry economic and demographic data point.
Industry SWOT Analysis
Analysis of the major Strengths Weaknesses Opportunities and Threats within the infrastructure and construction sectors and within the broader political economic and business environment.
BMI Industry & Economic Forecasts
Historic data series (2008-2012) and forecasts to end-2018 for all key industry and economic indicators supported by explicit assumptions plus analysis of key risks to the main forecast. Indicators include:
Construction: Industry value (US$bn); contribution to GDP (%); employment (`000); real growth (%).
Infrastructure: Value (US$bn); contribution to construction industry (%); real growth (%) of transport infrastructure (broken down by railways airports roads and bridges ports and harbours) and energy and utilities (broken down by power plants and transmission grids oil and gas pipelines and water infrastructure).
Economy: Economic growth (%); nominal GDP (US$bn); unemployment (%); interest rates (%); exchange rate (against US$).
Company Profiles
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