
Bahrain Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027
Description
Bahrain Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027
Summary
The Bahraini construction industry is expected to grow by 4% in 2023, after growing by an estimated 1.8% in 2022, and then expand at an annual average of 4.6% between 2024 and 2027, supported by investment in the oil, transport infrastructure, and housing sectors. According to the Central Informatics Organization of Bahrain (CIO), the construction industry’s value add grew by 2.6% year on year (YoY) in Q2 2022, preceded by Y-o-Y growth of 3% in Q1 2022 and 3.1 % in Q4 2021.
Over the forecast period, the industry’s growth will also be supported by foreign direct investment (FDI). During the first nine months of 2022, the Bahrain Economic Development Board (Bahrain EDB) attracted BHD346.3 million ($921 million) in foreign direct investments into key sectors, such as financial services, ICT, logistics, manufacturing, and tourism.
Construction activity in the forecast period will also be supported by the ‘Industrial Sector Strategy (2022-26)’ and ‘Strategic Projects Plan’ which outlays an investment of BHD11.3 billion ($30 billion) in Bahrain’s national infrastructure and its strategic priority sectors. According to the pipeline of projects tracked by GlobalData, as of January 2023, Bahrain has BHD30.8 billion ($81.8 billion)-worth of projects in the construction industry in various stages. Some of the major projects currently under construction are the BHD3.4 billion ($9 billion) Amwaj Islands Diyar Al Muharraq Development project, the BHD2.8 billion ($7.5 billion) Bahrain International Airport Expansion project, and the BHD2.1 billion ($5.7 billion) Sitra Oil Refinery Expansion project.
The report provides detailed market analysis, information, and insights into the Bahraini construction industry, including -
This report provides a comprehensive analysis of the construction industry in Bahrain. It provides -
Summary
The Bahraini construction industry is expected to grow by 4% in 2023, after growing by an estimated 1.8% in 2022, and then expand at an annual average of 4.6% between 2024 and 2027, supported by investment in the oil, transport infrastructure, and housing sectors. According to the Central Informatics Organization of Bahrain (CIO), the construction industry’s value add grew by 2.6% year on year (YoY) in Q2 2022, preceded by Y-o-Y growth of 3% in Q1 2022 and 3.1 % in Q4 2021.
Over the forecast period, the industry’s growth will also be supported by foreign direct investment (FDI). During the first nine months of 2022, the Bahrain Economic Development Board (Bahrain EDB) attracted BHD346.3 million ($921 million) in foreign direct investments into key sectors, such as financial services, ICT, logistics, manufacturing, and tourism.
Construction activity in the forecast period will also be supported by the ‘Industrial Sector Strategy (2022-26)’ and ‘Strategic Projects Plan’ which outlays an investment of BHD11.3 billion ($30 billion) in Bahrain’s national infrastructure and its strategic priority sectors. According to the pipeline of projects tracked by GlobalData, as of January 2023, Bahrain has BHD30.8 billion ($81.8 billion)-worth of projects in the construction industry in various stages. Some of the major projects currently under construction are the BHD3.4 billion ($9 billion) Amwaj Islands Diyar Al Muharraq Development project, the BHD2.8 billion ($7.5 billion) Bahrain International Airport Expansion project, and the BHD2.1 billion ($5.7 billion) Sitra Oil Refinery Expansion project.
The report provides detailed market analysis, information, and insights into the Bahraini construction industry, including -
- The Bahraini construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the bahraini construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
This report provides a comprehensive analysis of the construction industry in Bahrain. It provides -
- Historical (2018-2022) and forecast (2023-2027) valuations of the construction industry in Bahrain, 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.
- Listings of major projects, in addition to details of leading contractors and consultants
- Identify and evaluate market opportunities using GlobalData'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 GlobalData's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Table of Contents
45 Pages
- 1 Executive Summary
- 2 Construction Industry: At-a-Glance
- 3 Context
- 3.1 Economic Performance
- 3.2 Political Environment and Policy
- 3.3 Demographics
- 3.4 Risk Profile
- 4 Construction Outlook
- 4.1 All Construction
- Outlook
- Latest news and developments
- 4.2 Commercial Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.3 Industrial Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.4 Infrastructure Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.5 Energy and Utilities Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.6 Institutional Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.7 Residential Construction
- Outlook
- Project analytics
- Latest news and developments
- 5 Key Industry Participants
- 5.1 Contractors
- 5.2 Consultants
- 6 Construction Market Data
- 7 Appendix
- 7.1 What is this Report About?
- 7.2 Definitions
- 7.3 CRI Methodology
- 7.4 GlobalData Construction
- Contact Us
- List of Tables
- Table 1: Construction Industry Key Data
- Table 2: Bahrain, Key Economic Indicators
- Table 3: Bahrain, Commercial Construction Output by Project Type (Real % Change), 2018-27
- Table 4: Bahrain, Top Commercial Construction Projects by Value
- Table 5: Bahrain, Industrial Construction Output by Project Type (Real % Change), 2018-27
- Table 6: Bahrain, Top Industrial Construction Projects by Value
- Table 7: Bahrain, Infrastructure Construction Output by Project Type (Real % Change), 2018-27
- Table 8: Bahrain, Top Infrastructure Construction Projects by Value
- Table 9: Bahrain, Energy and Utilities Construction Output by Project Type (Real % Change), 2018-27
- Table 10: Bahrain, Top Energy and Utilities Construction Projects by Value
- Table 11: Bahrain, Institutional Construction Output by Project Type (Real % Change), 2018-27
- Table 12: Bahrain, Top Institutional Construction Projects by Value
- Table 13: Bahrain, Residential Construction Output by Project Type (Real % Change), 2018-27
- Table 14: Bahrain, Top Residential Construction Projects by Value
- Table 15: Bahrain, Key Contractors
- Table 16: Bahrain, Key Consultants
- Table 17: Bahrain, Construction Output Value (Real, $ Million)
- Table 18: Bahrain, Construction Output Value (Nominal, BHD Million)
- Table 19: GlobalData Construction Market Definitions
- Table 20: Risk Dimensions
- Table 21: Ratings, Scores and Definitions
- List of Figures
- Figure 1: Middle East and North Africa, Construction Output (Real % Change), 2021-27
- Figure 2: Bahrain, Construction Output by Sector (Real % Change), 2021-23 and 2024-27
- Figure 3: Bahrain, Risk Summary
- Figure 4: Bahrain, Risk Regional Comparison
- Figure 5: Bahrain, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2018-27
- Figure 6: Bahrain, Construction Output Value, by Sector (Real, $ Million), 2018-27
- Figure 7:Bahrain, Constructions Value Add (BHD Million, 2010 Constant Prices)
- Figure 8:Bahrain, Outstanding Loans and Advances to the Construction and Real Estate Sector, In BHD Million
- Figure 9: Bahrain, Commercial Construction Output by Project Type (Real, $ Million), 2018-27
- Figure 10: Bahrain, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 11:Bahrain, Hotel and Restaurants Value Add (BHD Million, 2010 Constant Prices)
- Figure 12: Bahrain, Wholesale and Retail Trade Value Add (BHD Million, 2010 Constant Prices)
- Figure 13: Bahrain, Outstanding Loans and Advances to Hotels and Restaurants (BHD Million)
- Figure 14: Bahrain, Industrial Construction Output by Project Type (Real, $ Million), 2018-27
- Figure 15: Bahrain, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 16: Bahrain, Manufacturing Value Add (BHD Million, 2010 Constant Prices)
- Figure 17: Bahrain, Total Non-Oil Exports of National Origin, In BHD Million
- Figure 18: Bahrain, Infrastructure Construction Output by Project Type (Real, $ Million), 2018-27
- Figure 19: Bahrain, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 20: Bahrain, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2018-27
- Figure 21: Bahrain, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 22: Bahrain, Crude Petroleum and Natural Gas Mining Value Add (BHD Million, 2010 Constant Prices)
- Figure 23: Bahrain, Electricity and Water Value Add (BHD Million, 2010 Constant Prices)
- Figure 24: Bahrain, Institutional Construction Output by Project Type (Real, $ Million), 2018-27
- Figure 25: Bahrain, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 26: Bahrain, Value Add of Private Health and Education Services, % Change YoY
- Figure 27: Bahrain, Residential Construction Output by Project Type (Real, $ Million), 2018-27
- Figure 28: Bahrain, Residential Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 29: Bahrain, Real Estate Value Add (BHD Million, 2010 Constant Prices)
- Figure 30: Bahrain, Headquarters of Key Contractors (% of Total Project Pipeline)
- Figure 31: Bahrain, Headquarters of Key Consultants (% of Total Project Pipeline)
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