Market Research Logo

MEED Insights: Iran Projects, H2 2018

MEED Insights: Iran Projects, H2 2018

Summary

With more than 81 million people and some of the world’s most abundant natural resources, Iran has the potential to be an economic super power. It holds 10 percent of the world’s proven oil reserves and 15 percent of its gas reserves, and has the fifth biggest quantity of natural resources, valued in 2016 at an estimated $27.3 trillion.

With about $331bn of projects planned or underway, Iran currently is the fourth biggest projects market in the Middle East and North Africa. And with nearly half of all projects in Iran still at either the design or study stages, the Islamic Republic, on paper at least,offers enormous potential for anyone seeking major new business opportunities in the region.

The reality however is that the Iranian market effectively has been closed off to international companies by the re-imposition in August 2018 of US sanctions, which seek to put an economic straightjacket on the country. From the point of view of international business, thereturn of US sanctions wipes out any gains made over the past two years and sets Iran back to-pre-2016 conditions, which saw the Iranian economy shrinkabout 1.6 per cent in 2015, growing pressure on the rialand on Tehran’s finances, and rising domestic dissatisfaction with the economy.

The significance of sanctions can be seen by the impact of the implementation in January 2016 of the Joint Comprehensive Plan of Action (JCPOA) between Iran and the world’s leading powers. The deal, which lifted nuclear and international sanctions on the country, led to a strong rebound in the Iranian economy, with real GDP growth of above 4.3 percent in 2017 driven by increased oil exports and an expansion of the non-oil sector. And, led by the oil companies, international business was returning, albeit slower than expected because of ongoing non-nuclear US sanctions.

With the White House making it clear that it will take a harsh line against anyone seeking to do business with Iran, efforts by the EU, Russia and China to ensure the survival of the nuclear deal appear doomed. And with at least two more years still to run of Donald Trump’s presidency there is unlikely to be any change in the near term. But, as we have seen over the past two years, the political landscape can shift dramatically, and as economic pressure on Tehran mounts, the need to find a way to open up for international finance and knowhow becomes more urgent.Written by MEED, the Middle East market experts within the GlobalData Group, despite the rising political tensions, the long-term potential offered by Iran cannot be ignored and for anyone seeking to understand potential project opportunities in the region, keeping track of the Iranian market is vital.

Reasons to buy

  • Identify new opportunities in Iran
  • Supports business planning and strategy
  • Identify challenges to enable you to mitigate and avoid risk
  • Outlook for contract awards 2018-2022
  • Sector-by-sector breakdown of future project plans
  • Profile contractor landscape in each sector
  • Assess the challenges in Iran’s projects market.


Executive Summary
Country Overview
Projects Market
Oil & Gas
Construction
Transport
Industrial
Power & Water
List of Tables
Table 1: Iran economic indicators, 2018
Table 2: Biggest megaprojects under construction in Iran
Table 3: Major projects to be tendered in 2018 and 2019
Table 4: Biggest oil and gas megaprojects under construction in Iran
Table 5: Major oil and gas projects to be tendered in 2018 and 2019
Table 6: Biggest construction megaprojects under construction in Iran
Table 7: Major construction projects to be tendered in 2018 and 2019
Table 8: Biggest transport megaprojects under construction in Iran
Table 9: Major transport projects to be tendered in 2018 and 2019
Table 10: Biggest industrial megaprojects under construction in Iran
Table 11: Major industrial projects to be tendered in 2018 and 2019
Table 12: Biggest power and water megaprojects under construction in Iran
Table 13: Major power and water projects to be tendered in 2018 and 2019
List of Figures
Fig. 1: Iran country map
Fig. 2: GDP by sector, 2017(%)
Fig. 3: Nominal GDP ($bn) versus annual real GDP growth (%)
Fig. 4: Iran’s current account balance, 2014-2020
Fig. 5: Iran budget, 2009-2018 (IRR bn)
Fig. 6: Gross official reserves, 2014-2019 ($bn)
Fig. 7: Iran gross government debt (IRR bn), 2014-2020
Fig. 8: Value of all projects planned or underway ($m)
Fig. 9: Projects market, by project status ($m)
Fig. 10: Projects market, by sector (%)
Fig. 11: Value of contract awards by year ($m)
Fig. 12: Value of contract awards by year and sector ($m)
Fig. 13: Biggest clients in Iran by contracts in execution ($m)
Fig. 14: Biggest contractors in Iran by contracts in execution ($m)
Fig. 15: Projects planned but unawarded, by status ($m)
Fig. 16: Projects planned but unawarded, by sector ($m)
Fig. 17: Oil and gas Projects market, by project status ($m)
Fig. 18: Oil and gas Projects market, by sub-sector (%)
Fig. 19: Value of contract awards by year ($m)
Fig. 20: Value of contract awards by year and sub-sector ($m)
Fig. 21: Biggest clients in Iran in oil and gas sector by contracts in execution ($m)
Fig. 22: Biggest contractors in Iran in oil and gas sector by contracts in execution ($m)
Fig. 23: Projects planned but unawarded, by status ($m)
Fig. 24: Projects planned but unawarded, by sub-sector ($m)
Fig. 25: Construction Projects market, by project status ($m)
Fig. 26: Construction Projects market, by sub-sector (%)
Fig. 27: Value of contract awards by year ($m)
Fig. 28: Value of contract awards by year and sub-sector ($m)
Fig. 29: Biggest clients in Iran in construction sector by contracts in execution ($m)
Fig. 30: Biggest contractors in Iran in construction sector by contracts in execution ($m)
Fig. 31: Projects planned but unawarded, by status ($m)
Fig. 32: Projects planned but unawarded, by sub-sector ($m)
Fig. 33: Transport Projects market, by project status ($m)
Fig. 34: Transport Projects market, by sub-sector (%)
Fig. 35: Value of contract awards by year ($m)
Fig. 36: Value of contract awards by year and sub-sector ($m)
Fig. 37: Biggest clients in Iran in transport sector by contracts in execution ($m)
Fig. 38: Biggest contractors in Iran in transport sector by contracts in execution ($m)
Fig. 39: Projects planned but unawarded, by status ($m)
Fig. 40: Projects planned but unawarded, by sub-sector ($m)
Fig. 41: Industrial Projects market, by project status ($m)
Fig. 42: Industrial Projects market, by sub-sector (%)
Fig. 43: Value of contract awards by year ($m)
Fig. 44: Value of contract awards by year and sub-sector ($m)
Fig. 45: Biggest clients in Iran in the industrial sector by contracts in execution ($m)
Fig. 46: Biggest contractors in Iran in the iindustrial sector by contracts in execution ($m)
Fig. 47: Projects planned but unawarded, by status ($m)
Fig. 48: Projects planned but unawarded, by sub-sector ($m)
Fig. 49: Power and water Projects market, by project status ($m)
Fig. 50: Power and water Projects market, by sub-sector (%)
Fig. 51: Value of contract awards by year ($m)
Fig. 52: Value of contract awards by year and sub-sector ($m)
Fig. 53: Biggest clients in Iran in power and water sector by contracts in execution ($m)
Fig. 54: Biggest contractors in Iran in power and water sector by contracts in execution ($m)
Fig. 55: Projects planned but unawarded, by status ($m)
Fig. 56: Projects planned but unawarded, by sub-sector ($m)

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report