Turkmenistan Infrastructure Report Q1 2016
BMI View: The relatively small Turkmen construction market will be driven by continued governmentspending and increasing investment in the country's key gas infrastructure, along with major inter-regionalgas and rail interconnectivity projects. However, key risks to our forecasts are falling gas demand fromChina and Russia, increasing macroeconomic pressures and an uncompetitive business and investmentenvironment.
Latest Updates And Structural Trends
Construction industry growth will slow slightly in 2016 to 7.5% due to economic headwinds. However,our 10-year forecast sees average annual growth of 7.7% and a value of TMT38.4bn (USD9.0bn) in2024.
The key sectors for development will be those related to trade and the transit of goods, so we expecttransport, especially rail, along with energy, particularly gas production and transmission (pipelines), toremain the key investment areas.
Construction on the long-awaited USD10bn Turkmenistan-Afghanistan-Pakistan-India gas pipelineproject began in December 2015, with Türkmengaz the construction lead.
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