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Construction in Bahrain - Key Trends and Opportunities to 2023

Construction in Bahrain - Key Trends and Opportunities to 2023

Summary

The Bahraini construction industry regained growth momentum in 2018, with output value expanding by 5.7% in real terms - up from 1.7% in 2017. The industry’s output value, measured at constant 2017 US dollar exchange rates, increased from US$7.9 billion in 2017 to US$8.4 billion in 2018. Growth during the review period (2014-2018) averaged 5.1% a year, and was supported by public and private sector investment in infrastructure and residential construction projects, leading to an increase in demand for the Bahraini construction industry.

The industry’s output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 5.58% over the forecast period. The industry is consequently expected to rise from a value of US$8.4 billion in 2018 to US$11.0 billion in 2023, measured at constant 2017 US dollar exchange rates. The total construction project pipeline in including all mega projects with a value above US$25 million - stands at BHD32.8 billion (US$87.1 billion). The pipeline, which includes all projects from pre-planning to execution, is skewed towards late-stage projects, with 75.2% of the pipeline value being in projects in the pre-execution and execution stages as of March 2019.

The industry’s output value is expected to continue to expand over the forecast period (2019-2023), with investments in transport infrastructure, energy, commercial and industrial projects, as well as improvement in consumer and investor confidence. The government’s aim to reduce the country’s dependency on the oil and gas sector, with a particular emphasis on the non-oil sector, will drive funding towards commercial, industrial and institutional construction projects. In 2018, the government awarded 119 tenders worth BHD278.0 million (US$732.0 million) for roads, sewage and building construction projects. The government's aim to develop the country’s rail infrastructure will drive the industry’s growth.

Accounting for 36.7% of the industry’s total value in 2018, energy and utilities construction was the largest market in the Bahraini construction industry during the review period. The market is expected to retain its position over the forecast period, with a market share of 35.9% of the industry’s total value in 2023. Over the forecast period, the market output is expected to be supported by government investments in the oil and gas sector and the expansion of water utility projects. Residential construction accounted for 22.8% of the industry’s total output in 2018, followed by commercial construction with 17.6%, infrastructure construction with 16.6%, institutional construction with 3.8% and industrial construction with 2.5%.

Scope

  • This report provides a comprehensive analysis of the construction industry in Bahrain.
  • Historical (2014-2018) and forecast (2019-2023) 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.
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  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.


  • Executive Summary
  • Construction Outlook: At-a-glance
    • Table Construction Outlook
    • Table Figure 1: Key Markets, Construction Output Growth Matrix and Risk Matrix
    • Table Figure 2: Bahrain, Construction Projects Pipeline by Sector (BHD Billion)
  • Latest News and Indicators
  • Key Drivers and Risks
    • Economic Performance
      • Table Bahrain, Key Economic Indicators
    • Political Environment
    • Demographics
    • Risk Profile
      • Table Figure 3: Bahrain, Risk Profile
      • Table Figure 4: Bahrain, Risk Comparison
  • Construction Outlook
    • All Construction
      • Outlook
        • Table Figure 5: Bahrain, Construction Output Value (Real, US$ million, 2017 prices and exchange rate)
        • Table Figure 6: Bahrain, Construction Output Value, Growth Matrix
        • Table Figure 7: Bahrain, Construction Output Value, by Sector (BHD Million), 2014-2023
      • Project analytics
        • Table Figure 8: Bahrain, Construction Projects Pipeline, Projected Annual Spending by Stage (BHD Million), 2018-2023
        • Table Figure 9: Bahrain, Construction Projects Pipeline, Value by Stage (BHD Million)
        • Table Bahrain, Construction Output Value (nominal, BHD Million)
        • Table Bahrain, Construction Output Value (nominal, US$ Million)
    • Commercial Construction
      • Outlook
        • Table Figure 10: Bahrain, Commercial Construction Output by Project Type (BHD Million), 2014-2023
      • Project analytics
        • Table Figure 11: Bahrain, Commercial Construction Projects Pipeline, Value by Stage (BHD Million)
        • Table Figure 12: Bahrain, Commercial Construction Projects Pipeline, Projected Annual Spending by Stage (BHD Million), 2018- 2023
        • Table Bahrain, Top Commercial Construction Projects by Value
    • Industrial Construction
      • Outlook
        • Table Figure 13: Bahrain, Industrial Construction Output by Project Type (BHD Million), 2014-2023
      • Project analytics
        • Table Figure 14: Bahrain, Industrial Construction Projects Pipeline, Value by Stage (BHD Million)
        • Table Figure 15: Bahrain, Industrial Construction Projects Pipeline, Projected Annual Spending by Stage (BHD Million), 2018-2023
        • Table Bahrain, Top Industrial Construction Projects by Value
    • Infrastructure Construction
      • Outlook
        • Table Figure 16: Bahrain, Infrastructure Construction Output by Project Type (BHD Million), 2014-2023
      • Project analytics
        • Table Figure 17: Bahrain, Infrastructure Construction Projects Pipeline, Value by Stage (BHD Million)
        • Table Figure 18: Bahrain, Infrastructure Construction Projects Pipeline, Projected Annual Spending by Stage (BHD Million), 2018- 2023
        • Table Bahrain, Top Infrastructure Construction Projects by Value
    • Energy and Utilities Construction
      • Outlook
        • Table Figure 19: Bahrain, Energy and Utilities Construction Output by Project Type (BHD Million), 2014-2023
      • Project analytics
        • Table Figure 20: Bahrain, Energy and Utilities Construction Projects Pipeline, Value by Stage (BHD Million)
        • Table Figure 21: Bahrain, Energy and Utilities Construction Projects Pipeline, Projected Annual Spending by Stage (BHD Million), 2018-2023
        • Table Bahrain, Top Energy and Utilities Construction Projects by Value
    • Institutional Construction
      • Outlook
        • Table Figure 22: Bahrain, Institutional Construction Output by Project Type (BHD Million), 2014-2023
      • Project analytics
        • Table Figure 23: Bahrain, Institutional Construction Projects Pipeline, Value by Stage (BHD Million)
        • Table Figure 24: Bahrain, Institutional Construction Projects Pipeline, Projected Annual Spending by Stage (BHD Million), 2018- 2023
        • Table Bahrain, Top Institutional Construction Projects by Value
    • Residential Construction
      • Outlook
        • Table Figure 25: Bahrain, Residential Construction Output by Project Type (BHD Million), 2014-2023
      • Project analytics
        • Table Figure 26: Bahrain, Residential Construction Projects Pipeline, Value by Stage (BHD Million)
        • Table Figure 27: Bahrain, Residential Construction Projects Pipeline, Projected Annual Spending by Stage (BHD Million), 2018-2023
        • Table Bahrain, Top Residential and Mixed-Use Construction Projects by Value
  • Key Industry Participants
    • Contractors
      • Table Bahrain, Key Contractors
      • Table Figure 28: Bahrain, Headquarters of Key Contractors (% of Total Project Pipeline)
      • Table Figure 29: Bahrain, Headquarters of Foreign Contractors (% of Project Pipeline with Foreign Contractor)
    • Consultants
      • Table Bahrain, Key Consultants
      • Table Figure 30: Bahrain, Headquarters of Key Consultants (% of Total Project Pipeline)
      • Table Figure 31: Bahrain, Headquarters of Foreign Consultants (% of Project Pipeline with Foreign Consultants)
  • Appendix
    • What is this Report About?
    • Definitions
      • Table GlobalData Construction Market Definitions
      • Table Construction Risk Index Ratings and Scores
  • About GlobalData
    • GlobalData at a Glance
      • Table Figure 32: GlobalData at a Glance
    • GlobalData Construction
    • Disclaimer
    • Contact Us

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