Construction in Iraq - Key Trends and Opportunities to 2022

"Construction in Iraq-Key Trends and Opportunities to 2022", report provides detailed market analysis, information and insights into the Iraqi construction industry.

Iraq's construction industry suffered a sharp downturn in 2017, contracting by 25.0% in real terms that year. This decline can be attributed to depressed economic conditions, low oil prices and political instability due to the conflict from Islamic State in Iraq and Syria (ISIS).

Poor investor confidence led to reduced infrastructure construction activity across the country. Overall, the industry posted negative growth during the review period (2013-2017), registering a compound annual growth rate (CAGR) of-9.95% in real terms.

Over the forecast period (2018-2022), however, the industry is expected to recover and register positive growth driven by the government's efforts to revitalize the economy, as well as reconstruct the infrastructure damaged during the ISIS war.

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Report Key Highlights:

-Publisher expects the residential construction market to retain its leading position over the forecast period, with a share of 38.5% of the industry's total value in 2022. Over the forecast period, market growth is expected to be supported by the government's effort to bridge the gap between the housing demand and supply in the country.

-In January 2018, the Ministry of Oil announced plans to develop new oil refineries in the Fao, Qayara, Nasiriyah and western Anbar provinces as a part of the Oil Refineries Program. The program involves a total investment of IQD11.8 trillion (US$10.0 billion), and includes the construction of processing units, distillation units, storage tanks and related infrastructure by 2025.

-In May 2018, the government launched the National Development Plan 2018-2022, under which it aims to achieve a growth rate of over 7.0% by 2022, while increasing the value of the country's GDP to IQD292.5 trillion (US$247.1 billion) by 2022. Under this plan, the government announced plans to develop various sectors of the economy, including construction, transport and communications, energy, oil, water and manufacturing.

-In March 2017, the Ministry of Communications (MoC) unveiled the Fiber-to-the-Home project, under which it aims to provide over 90,000 internet connections in the Wasit, Basra, Kirkuk and Maysan governorates. This is expected to drive public and private sector investments in telecommunications infrastructure projects.

-The total construction project pipeline in Iraq-as tracked by the Construction Intelligence Center (CIC) and including all mega projects with a value above US$25 million-stands at IQD221.1 trillion (US$186.7 billion). The pipeline, which includes all projects from pre-planning to execution, is heavily skewed towards late-stage projects, with 87.7% of the pipeline value in the pre-execution and execution stages as of August 2018.

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Scope
This report provides a comprehensive analysis of the construction industry in Iraq. It provides-
-Historical (2013-2017) and forecast (2018-2022) valuations of the construction industry in Iraq, featuring details of key growth drivers.
-Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
-Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.

Key Attributes of Report:
-Identify and evaluate market opportunities using Publisher'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 Publisher's critical and actionable insight.
-Assess business risks, including cost, regulatory and competitive pressures.
-Evaluate competitive risk and success factors.

Fundamentals of Table of Content:

1 Executive Summary
2 Construction Outlook: At-a-glance
3 Latest News and Indicators
4 Key Drivers and Risks
5 Construction Outlook
6 Key Industry Participants
6.1 Contractors
6.2 Consultants
7 Appendix
7.1 What is this Report About-
7.2 Definitions
7.3 About Publisher
7.4 About The Construction Intelligence Center
7.5 Disclaimer

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This release was published on openPR.