Bahrain Construction Market Size, Trends, and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028

Bahrain Construction Market Size, Trends, and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028


Summary

GlobalData expects Bahrain’s construction industry to grow by 3.4% in real terms this year, supported by developments in commercial and energy and utilities projects coupled with an increase in Foreign Direct Investment (FDI). According to Central Informatics Organization of Bahrain (CIO), the total FDI in the country grew by 15.9% year on year (YoY) in the first three quarter of 2023, preceded by YoY growth of 5.6% in 2022. However, tight monetary policy and fall in the value of tender awarded are expected to pose downside risk to the industry’s outlook in the short term. According to the Tender Board of Bahrain, the total value of tenders awarded declined by 2.6% YoY in the first ten months of 2023.

Over the remainder of the forecast period, the construction industry is expected to record an annual average growth of 4.7% during 2025-28, supported by investment in commercial, energy construction projects and the Industrial Sector Strategy (2022–26). As part of this plan, the government intends to raise the industrial sector's involvement in the Bahraini economy. The goal is to increase its contribution from 12.8% in 2019 to 14.5% by 2026. This will be accomplished through the prioritization of five key areas; supporting local industries, investing in infrastructure, enhancing the investor experience, offering career guidance, and updating legislation. The strategy also aims to amplify exports of domestically produced goods and generate more employment opportunities. This will be facilitated by advancements of the Fourth Industrial Revolution, promoting investments in digitalization, and improving regional supply chains. Forecast period growth in the industry will also be supported by investments as part of the ‘Strategic Projects Plan’, unveiled in late October 2021; the plan outlays an investment of BHD11.3 billion ($30 billion) in Bahrain’s national infrastructure and its strategic priority sectors. In another development, in December 2023, Bahrain announced its National Energy Strategy, which aims at achieving a 30% reduction in carbon emission by 2035 compared to 2015 level and further attain net zero emission by 2060. This strategy will further attract investment in the energy and utility sector over the forecasted period.

GlobalData’s Construction in Bahrain – Key Trends and Opportunities to 2028 (H1 2024) report provides detailed market analysis, information, and insights into Bahrain’s construction industry, including -
  • Bahrain’s 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 Bahrain’s construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Scope

This report provides a comprehensive analysis of the construction industry in Bahrain. It provides -
  • Historical (2019–2023) and forecast (2024–2028) 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
Reasons to Buy
  • 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.


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
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
8 About GlobalData
9 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), 2019–28
Table 4: Bahrain, Top Commercial Construction Projects by Value
Table 5: Bahrain, Industrial Construction Output by Project Type (Real % Change), 2019–28
Table 6: Bahrain, Infrastructure Construction Output by Project Type (Real % Change), 2019–28
Table 7: Bahrain, Top Infrastructure Construction Projects by Value
Table 8: Bahrain, Energy and Utilities Construction Output by Project Type (Real % Change), 2019–28
Table 9: Bahrain, Top Energy and Utilities Construction Projects by Value
Table 10: Bahrain, Institutional Construction Output by Project Type (Real % Change), 2019–28
Table 11: Bahrain, Top Institutional Construction Projects by Value
Table 12: Bahrain, Residential Construction Output by Project Type (Real % Change), 2019–28
Table 13: Bahrain, Top Residential Construction Projects by Value
Table 14: Bahrain, Key Contractors
Table 15: Bahrain, Key Consultants
Table 16: Bahrain, Construction Output Value (Real, $ Million)
Table 17: Bahrain, Construction Output Value (Nominal, BHD Million)
Table 18: GlobalData Construction Market Definitions
Table 19: Risk Dimensions
Table 20: Ratings, Scores and Definitions
List of Figures
Figure 1: Middle East and North Africa, Construction Output (Real % Change), 2022–28
Figure 2: Bahrain, Construction Output by Sector (Real % Change), 2022–24 and 2025–28
Figure 3: Bahrain, Risk Summary
Figure 4: Bahrain, Risk Regional Comparison
Figure 5: Bahrain, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019–28
Figure 6: Bahrain, Construction Output Value, by Sector (Real, $ Million), 2019–28
Figure 7: Bahrain, Constructions Value Add (BHD Million, 2010 Constant Prices)
Figure 8: Bahrain, Value of Tenders Awarded, In BHD Million
Figure 9: Bahrain, Outstanding Loans and Advances to the Construction and Real Estate Sector, In BHD Million
Figure 10: Bahrain, Commercial Construction Output by Project Type (Real, $ Million), 2019–28
Figure 11: Bahrain, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 12: Bahrain, Hotel and Restaurants Value Add (BHD Million, 2010 Constant Prices)
Figure 13: Bahrain, Outstanding Loans and Advances to Hotels and Restaurants (BHD Million)
Figure 14: Bahrain, Wholesale and Retail Trade Value Add (BHD Million, 2010 Constant Prices)
Figure 15: Bahrain, Industrial Construction Output by Project Type (Real, $ Million), 2019–28
Figure 16: Bahrain, Manufacturing Value Add (BHD Million, 2010 Constant Prices)
Figure 17: Bahrain, Infrastructure Construction Output by Project Type (Real, $ Million), 2019–28
Figure 18: Bahrain, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 19: Bahrain, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019–28
Figure 20: Bahrain, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 21: Bahrain, Crude Petroleum and Natural Gas Mining Value Add (BHD Million, 2010 Constant Prices)
Figure 22: Bahrain, Electricity and Water Value Add (BHD Million, 2010 Constant Prices)
Figure 23: Bahrain, Institutional Construction Output by Project Type (Real, $ Million), 2019–28
Figure 24: Bahrain, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 25: Bahrain, Value Add of Private Health and Education Services (BHD Million, 2010 Constant Prices)
Figure 26: Bahrain, Residential Construction Output by Project Type (Real, $ Million), 2019–28
Figure 27: Bahrain, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 28: Bahrain, Real Estate Value Add (BHD Million, 2010 Constant Prices)
Figure 29: Bahrain, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 30: Bahrain, Headquarters of Key Consultants (% of Total Project Pipeline)

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