Construction in Tunisia - Key Trends and Opportunities to 2023

Construction in Tunisia - Key Trends and Opportunities to 2023

Summary

Tunisia's construction industry recovered in 2018, and registered a growth rate of 1.0% in real terms, following a contraction of 1.8% in 2017. The industry’s output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 3.36% over the forecast period, compared to -0.74% during the review period (2014-2018). The industry is consequently expected to rise from a value of US$4.85 billion in 2018 to US$5.72 billion in 2023, measured at constant 2017 US dollar exchange rates. The total construction project pipeline in Tunisia, including all mega projects with a value above US$25 million - stands at TND46.6 billion (US$18.3 billion). The pipeline, which includes all projects from pre-planning to execution, is skewed towards late-stage projects, with 61.1% of the pipeline value being in projects in the pre-execution and execution stages as of March 2019.

This recovery was driven by positive developments in economic conditions, revival in investor confidence and investments in transport infrastructure, energy and housing. Expansion in the tourism and manufacturing sectors also supported the industry's growth. Aid from financial institutions also helped in improving the investment climate; in 2017 and 2018, World Bank provided two loans, each worth TND1.3 billion (US$500.0 million), which supported the housing development and funding towards developmental projects in the country. Consequently, the country’s construction industry’s output value, measured at constant 2017 US dollar exchange rates, increased from US$4.80 billion in 2017 to US$4.85 in 2018.

The industry is expected to continue to expand over the forecast period (2019-2023), driven by the government’s efforts to enhance industrial and energy and utilities infrastructure. In April 2018, the government signed an agreement worth TND4.2 billion (US$1.6 billion) with Islamic Development Bank to support the development of electricity transmission projects, hospitals construction and enhancing trade activities in the country during the period of 2018-2020. In addition, the government’s aim to improve the transport network is expected to support investments in infrastructure projects, which will in turn fuel growth in the industry. Efforts to attract foreign investments through the public private partnerships (PPP) model will also support the construction industry output over the forecast period.

Infrastructure construction was the largest market in the construction industry during the review period, accounting for 30.1% of the industry’s total value in 2018. The market is expected to follow a similar trend over the forecast period, and is expected to account for 30.9% of the industry’s total value in 2023. Residential construction was the second-largest market in the industry during the review period, accounting for 24.8% of its total value in 2018. The market is expected to remain relatively sizable, accounting for 24.9% of the industry’s total value in 2023. Energy and utilities construction accounted for 17.7% of the industry’s total output in 2018, followed by industrial construction with 12.5%, commercial construction with 11.0% and institutional construction with 3.8%.

GlobalData’s Construction in Tunisia - Key Trends and Opportunities to 2023, report provides detailed market analysis, information and insights into the Tunisian construction industry, including -

  • The Tunisian 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 Tunisian 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 Tunisia.
  • Historical (2014-2018) and forecast (2019-2023) valuations of the construction industry in Tunisia, 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 OUTLOOK: AT-A-GLANCE
3. LATEST NEWS AND INDICATORS
4. KEY DRIVERS AND RISKS
4.1. Economic Performance
4.2. Political Environment
4.3. Demographics
4.4. Risk Profile
5. CONSTRUCTION OUTLOOK
5.1. All Construction
5.1.1. Outlook
5.1.2. Project analytics
5.2. Commercial Construction
5.2.1. Outlook
5.2.2. Project analytics
5.3. Industrial Construction
5.3.1. Outlook
5.3.2. Project analytics
5.4. Infrastructure Construction
5.4.1. Outlook
5.4.2. Project analytics
5.5. Energy and Utilities Construction
5.5.1. Outlook
5.5.2. Project analytics
5.6. Institutional Construction
5.6.1. Outlook
5.6.2. Project analytics
5.7. Residential Construction
5.7.1. Outlook
5.7.2. Project analytics
6. KEY INDUSTRY PARTICIPANTS
6.1. Contractors
6.2. Consultants
7. APPENDIX
7.1. What is this Report About?
7.2. Definitions
8. ABOUT GLOBALDATA
8.1. GlobalData at a Glance
8.2. GlobalData Construction
8.3. Disclaimer
8.4. Contact Us
List of Tables
Table 1: Construction Outlook
Table 2: Tunisia, Key Economic Indicators
Table 3: Tunisia, Construction Output Value (nominal, TND Million)
Table 4: Tunisia, Construction Output Value (nominal, US$ Million)
Table 5: Tunisia, Top Commercial Construction Projects by Value
Table 6: Tunisia, Top Infrastructure Construction Projects by Value
Table 7: Tunisia, Top Energy and Utilities Construction Projects by Value
Table 8: Tunisia, Top Institutional Construction Projects by Value
Table 9: Tunisia, Key Contractors
Table 10: Tunisia, Key Consultants
Table 11: GlobalData Construction Market Definitions
Table 12: Construction Risk Index Ratings and Scores
List of Figures
Figure 1: Key Markets, Construction Output Growth Matrix and Risk Matrix
Figure 2: Tunisia, Construction Projects Pipeline by Sector (TND Billion)
Figure 3: Tunisia, Risk Profile
Figure 4: Tunisia, Risk Comparison
Figure 5: Tunisia, Construction Output Value (Real, US$ million, 2017 prices and exchange rate)
Figure 6: Tunisia, Construction Output Value, Growth Matrix
Figure 7: Tunisia, Construction Output Value, by Sector (TND Million), 2014-2023
Figure 8: Tunisia, Construction Projects Pipeline, Projected Annual Spending by Stage (TND Million), 2018-2023
Figure 9: Tunisia, Construction Projects Pipeline, Value by Stage (TND Million)
Figure 10: Tunisia, Commercial Construction Output by Project Type (TND Million), 2014-2023
Figure 11: Tunisia, Commercial Construction Projects Pipeline, Value by Stage (TND Million)
Figure 12: Tunisia, Commercial Construction Projects Pipeline, Projected Annual Spending by Stage (TND Million), 2018-2023
Figure 13: Tunisia, Industrial Construction Output by Project Type (TND Million), 2014-2023
Figure 14: Tunisia, Industrial Construction Projects Pipeline, Value by Stage (TND Million)
Figure 15: Tunisia, Industrial Construction Projects Pipeline, Projected Annual Spending by Stage (TND Million), 2018-2023
Figure 16: Tunisia, Infrastructure Construction Output by Project Type (TND Million), 2014-2023
Figure 17: Tunisia, Infrastructure Construction Projects Pipeline, Value by Stage (TND Million)
Figure 18: Tunisia, Infrastructure Construction Projects Pipeline, Projected Annual Spending by Stage (TND Million), 2018-2023
Figure 19: Tunisia, Energy and Utilities Construction Output by Project Type (TND Million), 2014-2023
Figure 20: Tunisia, Energy and Utilities Construction Projects Pipeline, Value by Stage (TND Million)
Figure 21: Tunisia, Energy and Utilities Construction Projects Pipeline, Projected Annual Spending by Stage (TND Million), 2018-2023
Figure 22: Tunisia, Institutional Construction Output by Project Type (TND Million), 2014-2023
Figure 23: Tunisia, Institutional Construction Projects Pipeline, Value by Stage (TND Million)
Figure 24: Tunisia, Institutional Construction Projects Pipeline, Projected Annual Spending by Stage (TND Million), 2018-2023
Figure 25: Tunisia, Residential Construction Output by Project Type (TND Million), 2014-2023
Figure 26: Tunisia, Residential Construction Projects Pipeline, Value by Stage (TND Million)
Figure 27: Tunisia, Residential Construction Projects Pipeline, Projected Annual Spending by Stage (TND Million), 2018-2023
Figure 28: Tunisia, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 29: Tunisia, Headquarters of Foreign Contractors (% of Project Pipeline with Foreign Contractor)
Figure 30: Tunisia, Headquarters of Key Consultants (% of Total Project Pipeline)
Figure 31: Tunisia, Headquarters of Foreign Consultants (% of Project Pipeline with Foreign Consultants)

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