(MENAFNEditorial)
Saudi Arabia's infrastructure and construction sectors offer both scale and growth opportunities over our 10 year forecast period to 202 4. We see 2015 being a bumper year of real growth at 10.5% year-on-year with average growth over the forecast period at 8. 8 %. We forecast strong growth across all sectors over the medium term; the residential and non-residential sectors especially will drive growth over the long-term - specifically the industrial construction sector.
Key Trends informing BMI's View:
* The continued dramatic fall in oil prices is not an immediate threat to infrastructure financing in Saudi Arabia given the country's significant foreign reserves and centrality of infrastructure development to economic diversification plans.
* Some industrial construction projects may be cancelled or postponed specifically in the petrochemicals sectors. That said manufacturing metals and chemical projects should remain on track.
* The security situations in both Iraq and Yemen have deteriorated heavily in recent months and have now spilt over into violent attacks in Saudi Arabia. Not only does this raise the chance that a Saudi military intervention in either state will occur - raising regional tension and making an attack within Saudi Arabia by AQAP or IS even more likely - but may also drain attention and funding away from major infrastructure projects.
* We forecast that the transport sector will grow in real terms by 7.8% in 2015. With many of the major projects under development being awarded over the past four years - the majority of which will reach completion by 2018.
* We are forecasting a bounce back in 2015 in the residential and non-residential sector with 9.9% real growth and then for the sector to average 7.6% up to 2021.
* Owing to heavy capital investment into the energy and utilities sector it will be the outperforming infrastructure segment over our forecast period in terms of growth. We forecast that following...
Full Report Details at
- http://www.fastmr.com/prod/951965_saudi_arabia_infrastructure_report_q2_2015.aspx?afid=101
The Saudi Arabia 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 Saudi Arabia Infrastructure Report provides industry professionals and strategists sector analysts investors trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Saudi infrastructure and construction industry.
Key Benefits
* Benchmark BMI's independent infrastructure industry forecasts for Saudi Arabia to test other views - a key input for successful budgetary and planning in the Saudi infrastructure market.
* Target business opportunities and risks in the Saudi infrastructure sector through our reviews of latest industry trends regulatory changes and major deals projects and investments in Saudi Arabia.
* 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 national and multinational company developments. These are broken down into Construction (social commercial and residential) Transport (roads railways ports airports etc) and Energy & Utilities (powerplants pipelines and so on).
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 Forecasts
Historic data series (up to 2012) and forecasts to end-2024 for all key industry indicators supported by explicit assumptions plus analysis of key developments in the market and risks to the main forecasts. Indicators include:
Construction: Industry value (USDbn); contribution to GDP (%); total capital investment (USDbn); real growth (%).
Construction industry real growth forecasts (%) and industry value (USDbn) forecasts for industry sectors are split into Residential and Non-residential and Infrastructure sectors. Where the data is available for particular countries the infrastructure is further broken down into indicators for the transport subsectors of roads railways airports and ports and the energy and utilities sub-sectors of power plants and transmission grids oil & gas pipelines and water infrastructure. This dataset is unique to the market.
The Reports also include analysis of latest projects across the infrastructure sectors (transport utilities commercial construction).
BMI’s Infrastructure Risk Reward Index
BMI’s Risk Reward Indices provide investors (construction companies suppliers and partners) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry economic and demographic data points to provides indices of highest to lowest appeal to investors with each position explained.
Market Overview
An assessment of the competitive landscape and key challenges to entering the market. Details of the largest companies active in the sector across the sub-segments of the industry including the key financial figures from some of the largest players in the sector.
Company Profiles*
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