Norway Infrastructure Report Q2 2016
BMI View: The construction sector is supported by a solid major project pipeline, government commitmentto infrastructure spending and a strong investment environment. However, a long-term picture of slowinghydrocarbons revenues and a transitioning economy will constrain construction industry performance.
Sector growth will average 2.6% annually between 2016 and 2025.
We see construction industry growth falling from a stronger than predicted 4.9% in 2015 to 2.9% in 2016and a value of NOK182bn (USD21bn). This is due to industry indicators in 9M15 being stronger thanexpected.
Over the next decade to 2025, growth will average 2.6% annually, as growth moderates amid atransitioning economy.
The 2016 budget outlines significant spending on infrastructure as a pillar for long-term economicdiversification, including NOK4.9bn on roads and a proposal for a NOK30bn contribution to the nationalinfrastructure fund.
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