Business Monitor International


Bahrain Infrastructure Report

Published 12 November 2013

  • 55 pages
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$1,295.00
Bahrain Infrastructure Report

BMI View : With no end in sight to Bahrain's protracted political crisis we see little chance of a meaningful construction industry recovery materialising over the near term. Persistent political uncertainty will likely see private sector investment into new projects remain weak and continue to undermine industry growth. Public spending and multilateral funding will offer some crucial support, but this will be insufficient to offset another disappointing year - BMI forecasts industry growth of negative 0.7% in 2014.

Key developments in the sector:

  • There has been a worrying uptick in violent incidents through the latter half of 2013 (most recently the death of a policeman in a bomb explosion on September 18 2013) and the government has made little headway in reaching an agreement with the opposition. Indeed, the arrest of a prominent opposition politician on September 17 2013, under charges of inciting youth violence and trying to overthrow the government, further underscores the absence of positive progress in Bahrain's political risk environment. The uncertain political outlook continues to weigh heavily on the performance of the construction sector and until a resolution is found, this trend is likely to continue.

  • In light of subdued private sector activity, investment will remain primarily government-driven and is likely to focus predominantly around a number of large-scale industrial projects, including the US$4.8bn expansion and modernisation of state-run Bahrain Petroleum's refinery; a new US$2.2bn production line at Aluminium Bahrain; a US$1.2bn expansion by Gulf Petrochemical Industries; and plans to expand Bahrain International Airport.

  • In May 2013, Housing Minister Basem Al Hamer announced government plans to spend US$7.9bn on housing units by 2017, in an effort to address a waiting list officially estimated at 53,000 households (out of a total population of 1.2mn). In July 2013, Transport Minister Kamal bin Ahmed announced that five firms...

The Bahrain 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 Bahrain Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Bahraini infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for Bahrain to test other views - a key input for successful budgetary and planning in the Bahraini infrastructure market.
  • Target business opportunities and risks in the Bahraini infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Bahrain.
  • 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 Ratings

BMI's Infrastructure Business Environment Ratings provide a country-comparative Risk-Reward Ratings index aimed at investors (construction companies, suppliers and partners) in the regional infrastructure market.

The ratings 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

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc