Business Monitor International


Iraq Infrastructure Report

Published 11 November 2014

  • 66 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Iraq Infrastructure Report

BMI View : Due to the ongoing deterioration of security in Iraq following the rise of Islamic Sta te (IS) we substantially lowered our real growth forecasts for the construction sector last quarter. IS is now in control of large swathes of Iraq's north and west, and while the threat to the oil industry is minimal, the ongoing political and security unrest remains a significant hindrance to Iraq's future. Ongoing delays in the formation of a new government and an inability to agree a 2015 national budget are further hindrances to potential growth.

Key Developments: 

  • We are currently maintaining our forecasts for growth in Iraq's construction industry at an average rate of 5.2% per year through to 2023.

  • Following months of delay after the April 2014 elections, a new government was formed in September 2014. The focus of new Prime Minister Haider al-Abadi, who still faces an uncertain political environment, will undoubtedly be dealing with the threat posed from IS.

  • While IS fighting is not occurring directly in major urban areas in Kurdistan, the conflict will impact upon investment in the area which had been a source of stability and strength in Iraq's construction sector, creating a significant downside risk to our forecasts for 2015.

  • Baghdad continues to award construction contracts for major infrastructure projects, with reports suggesting USD172mn would be allocated for road, electricity and sanitation development.

  • The energy and utilities sector continues to see government investment: the government of Dhi Qar province reportedly intends to invest IQD500bn (USD430mn) in power projects over the next three years in order to relieve power shortages.

Table of Contents

BMI Industry View
5
SWOT
6
Infrastructure SWOT
6
Industry Forecast
8
Construction And Infrastructure Forecast Scenario
8
Table: Construction And Infrastructure Industry Data (Iraq 2012-2017)
8
Table: Construction And Infrastructure Industry Data (Iraq 2018-2023)
9
Table: Iraq's Long-Term Scenarios
12
Transport Infrastructure - Outlook And Overview
14
Table: Major Projects - Transport
20
Energy And Utilities Infrastructure - Outlook And Overview
23
Table: Iraq Electricity Consumption 2013
23
Table: Major Projects - Energy and Utilities
29
Residential/Non-Residential Building - Outlook And Overview
34
Table: Major Projects - Residential/Non-Residential Construction And Social Infrastructure
38
Industry Risk Reward Ratings
41
Iraq - Infrastructure Risk/Reward Ratings
41
Industry Risk Reward Ratings
42
Table: MENA Infrastructure Risk / Reward Ratings
47
Market Overview
49
Competitive Landscape
49
Table: Key Company Financial Data
49
Global Industry Overview
51
Global Infrastructure Overview
51
Methodology
57
Industry Forecast Methodology
57
Sector-Specific Methodology
58
Risk/Reward Rating Methodology
62
Sector-Specific Methodology
63
Table: Infrastructure Risk/Reward Rating Indicators
63
Table: Weighting Of Indicators
64

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

Key Benefits

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

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 Company 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.

Sources

The infrastructure Reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.

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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