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Construction in Iraq – Key Trends and Opportunities to 2021

Construction in Iraq – Key Trends and Opportunities to 2021

Synopsis

During 2014–2015, the Iraqi construction industry registered a weak performance as collapse in oil prices led to a depressed economic environment. Additionally, the rise of Islamic State in Iraq and Syria (ISIS) since mid-2014 hampered the investor confidence which in turn reduced investments in construction projects.

The industry, however, gained traction in 2016, supported by government efforts to revamp economic growth through the development of infrastructure – particularly in regions liberated from ISIS.

The government’s aim to diversify the economy, coupled with efforts to reconstruct damaged transport and residential infrastructure in war-affected areas, is expected to support the industry’s growth, with construction output in real terms expected to post a compound annual growth rate (CAGR) of 3.68% from 2017 to 2021.

Summary

Timetric’s Construction in Iraq – Key Trends and Opportunities to 2021 report provides detailed market analysis, information and insights into the Iraqi construction industry, including:

  • The Iraqi construction industry's growth prospects by market, project type and construction activity
  • Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Iraqi construction industry
  • Profiles of the leading operators in the Iraqi construction industry
Scope

This report provides a comprehensive analysis of the construction industry in Iraq. It provides:
  • Historical (2012-2016) and forecast (2017-2021) valuations of the construction industry in Iraq using construction output and value-add methods
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
  • Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
  • Detailed profiles of the leading construction companies in Iraq
Reasons To Buy
  • Identify and evaluate market opportunities using Timetric'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 Timetric's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.
Key Highlights
  • In order to redevelop infrastructure damaged by ISIS, the government is seeking the help of foreign investors. In March 2017, the UK government granted loans worth IQD14.2 trillion (US$12.0 billion) to develop transport, energy, water and hospital infrastructure projects in the country by 2026.
  • The government’s effort to address the country’s housing shortage is expected to support the expansion of the residential construction market over the forecast period. Under the national housing program, the government is developing Bismayah, a new residential city project with a total investment of IQD11.7 trillion (US$10.0 billion). Being developed on a 1,830.0ha area, the project is expected to be completed in 2019. According to Timetric, the residential construction market is expected to post a nominal forecast-period CAGR of 4.93%, as compared with -1.09% registered during the review period.
  • Financial assistance from international organizations has been vital to Iraq’s economy, following disruptions caused by ISIS. In April 2016, the International Finance Corporation, a subsidiary of the World Bank, announced plans to provide IQD442.5 billion (US$375.0 million) to finance energy infrastructure projects.
  • In December 2016, the Kurdistan government signed a contract with the UK-based water engineering company Biwater to develop water treatment facilities in the region. With a total investment of IQD1.4 trillion (US$1.2 billion), the project includes the construction of a new water treatment plant with a capacity to provide 600,000m3 of water in Erbil.
  • To serve Shia pilgrims and tourists visiting Najaf and Karbala, in January 2016 the Ministry of Transport initiated the construction of the Imam Hussain International Airport in Karbala. In July 2016, the Ministry of Transport announced plans to develop the second phase of the new airport with an estimated investment of IQD531.0 billion (US$450.0 million).


  • Executive Summary
  • Industry Outlook
    • Commercial Construction
    • Industrial Construction
    • Infrastructure Construction
    • Energy and Utilities Construction
    • Institutional Construction
    • Residential Construction
  • Key Issues and Developments
  • Market Data Analysis
    • Construction Output and Value Add
      • Construction output by project type
        • Table Iraqi Construction Output by Project Type (IQD Million), 2012–2016
        • Table Iraqi Construction Output by Project Type (IQD Million), 2016–2021
      • Construction output by cost type
        • Table Iraqi Construction Output by Cost Type (IQD Million), 2012–2016
        • Table Iraqi Construction Output by Cost Type (IQD Million), 2016–2021
      • Construction output by activity type
        • Table Iraqi Construction Output by Activity Type (IQD Million), 2012–2016
        • Table Iraqi Construction Output by Activity Type (IQD Million), 2016–2021
      • Construction value add by project type
        • Table Iraqi Construction Value Add by Project Type (IQD Million), 2012–2016
        • Table Iraqi Construction Value Add by Project Type (IQD Million), 2016–2021
    • Commercial Construction
      • Commercial construction output by project type
        • Table Iraqi Commercial Construction Output by Project Type (IQD Million), 2012–2016
        • Table Iraqi Commercial Construction Output by Project Type (IQD Million), 2016–2021
      • Commercial construction output by cost type
        • Table Iraqi Commercial Construction Output by Cost Type (IQD Million), 2012–2016
        • Table Iraqi Commercial Construction Output by Cost Type (IQD Million), 2016–2021
      • Commercial construction output by activity type
        • Table Iraqi Commercial Construction Output by Activity Type (IQD Million), 2012–2016
        • Table Iraqi Commercial Construction Output by Activity Type (IQD Million), 2016–2021
      • Commercial construction value add by project type
        • Table Iraqi Commercial Construction Value Add by Project Type (IQD Million), 2012–2016
        • Table Iraqi Commercial Construction Value Add by Project Type (IQD Million), 2016–2021
    • Industrial Construction
      • Industrial construction output by project type
        • Table Iraqi Industrial Construction Output by Project Type (IQD Million), 2012–2016
        • Table Iraqi Industrial Construction Output by Project Type (IQD Million), 2016–2021
      • Industrial construction output by cost type
        • Table Iraqi Industrial Construction Output by Cost Type (IQD Million), 2012–2016
        • Table Iraqi Industrial Construction Output by Cost Type (IQD Million), 2016–2021
      • Industrial construction output by activity type
        • Table Iraqi Industrial Construction Output by Activity Type (IQD Million), 2012–2016
        • Table Iraqi Industrial Construction Output by Activity Type (IQD Million), 2016–2021
      • Industrial construction value add by project type
        • Table Iraqi Industrial Construction Value Add by Project Type (IQD Million), 2012–2016
        • Table Iraqi Industrial Construction Value Add by Project Type (IQD Million), 2016–2021
    • Infrastructure Construction
      • Infrastructure construction output by project type
        • Table Iraqi Infrastructure Construction Output by Project Type (IQD Million), 2012–2016
        • Table Iraqi Infrastructure Construction Output by Project Type (IQD Million), 2016–2021
      • Infrastructure construction output by cost type
        • Table Iraqi Infrastructure Construction Output by Cost Type (IQD Million), 2012–2016
        • Table Iraqi Infrastructure Construction Output by Cost Type (IQD Million), 2016–2021
      • Infrastructure construction output by activity type
        • Table Iraqi Infrastructure Construction Output by Activity Type (IQD Million), 2012–2016
        • Table Iraqi Infrastructure Construction Output by Activity Type (IQD Million), 2016–2021
      • Infrastructure construction value add by project type
        • Table Iraqi Infrastructure Construction Value Add by Project Type (IQD Million), 2012–2016
        • Table Iraqi Infrastructure Construction Value Add by Project Type (IQD Million), 2016–2021
    • Energy and Utilities Construction
      • Energy and utilities construction output by project type
        • Table Iraqi Energy and Utilities Construction Output by Project Type (IQD Million), 2012–2016
        • Table Iraqi Energy and Utilities Construction Output by Project Type (IQD Million), 2016–2021
      • Energy and utilities construction output by cost type
        • Table Iraqi Energy and Utilities Construction Output by Cost Type (IQD Million), 2012–2016
        • Table Iraqi Energy and Utilities Construction Output by Cost Type (IQD Million), 2016–2021
      • Energy and utilities construction output by activity type
        • Table Iraqi Energy and Utilities Construction Output by Activity Type (IQD Million), 2012–2016
        • Table Iraqi Energy and Utilities Construction Output by Activity Type (IQD Million), 2016–2021
      • Energy and utilities construction value add by project type
        • Table Iraqi Energy and Utilities Construction Value Add by Project Type (IQD Million), 2012–2016
        • Table Iraqi Energy and Utilities Construction Value Add by Project Type (IQD Million), 2016–2021
    • Institutional Construction
      • Institutional construction output by project type
        • Table Iraqi Institutional Construction Output by Project Type (IQD Million), 2012–2016
        • Table Iraqi Institutional Construction Output by Project Type (IQD Million), 2016–2021
      • Institutional construction output by cost type
        • Table Iraqi Institutional Construction Output by Cost Type (IQD Million), 2012–2016
        • Table Iraqi Institutional Construction Output by Cost Type (IQD Million), 2016–2021
      • Institutional construction output by activity type
        • Table Iraqi Institutional Construction Output by Activity Type (IQD Million), 2012–2016
        • Table Iraqi Institutional Construction Output by Activity Type (IQD Million), 2016–2021
      • Institutional construction value add by project type
        • Table Iraqi Institutional Construction Value Add by Project Type (IQD Million), 2012–2016
        • Table Iraqi Institutional Construction Value Add by Project Type (IQD Million), 2016–2021
    • Residential Construction
      • Residential construction output by project type
        • Table Iraqi Residential Construction Output by Project Type (IQD Million), 2012–2016
        • Table Iraqi Residential Construction Output by Project Type (IQD Million), 2016–2021
      • Residential construction output by cost type
        • Table Iraqi Residential Construction Output by Cost Type (IQD Million), 2012–2016
        • Table Iraqi Residential Construction Output by Cost Type (IQD Million), 2016–2021
      • Residential construction output by activity type
        • Table Iraqi Residential Construction Output by Activity Type (IQD Million), 2012–2016
        • Table Iraqi Residential Construction Output by Activity Type (IQD Million), 2016–2021
      • Residential construction value add by project type
        • Table Iraqi Residential Construction Value Add by Project Type (IQD Million), 2012–2016
        • Table Iraqi Residential Construction Value Add by Project Type (IQD Million), 2016–2021
  • Company Profile: 77 Construction Contracting & Trading Co.
    • 77 Construction Contracting & Trading Co. –Company Overview
      • Table 77 Construction Contracting & Trading Co., Key Facts
    • 77 Construction Contracting & Trading Co. –Main Products and Services
      • Table 77 Construction Contracting & Trading Co., Main Products and Services
    • 77 Construction Contracting & Trading Co. –History
      • Table 77 Construction Contracting & Trading Co., History
    • 77 Construction Contracting & Trading Co. –Company Information
      • 77 Construction Contracting & Trading Co. –key competitors
      • 77 Construction Contracting & Trading Co. –key employee
        • Table 77 Construction Contracting & Trading Co., Key Employee
  • Company Profile: Albilal Group General Contracts Co. Ltd
    • Albilal Group General Contracts Co. Ltd – Company Overview
      • Table Albilal Group General Contracts Co. Ltd, Key Facts
    • Albilal Group General Contracts Co. Ltd – Main Services
      • Table Albilal Group General Contracts Co. Ltd, Main Services
    • Albilal Group General Contracts Co. Ltd – Company Information
      • Albilal Group General Contracts Co. Ltd – key competitors
      • Albilal Group General Contracts Co. Ltd – key employees
        • Table Albilal Group General Contracts Co. Ltd, Key Employees
  • Company Profile: Al Muften Group
    • Al Muften Group – Company Overview
      • Table Al Muften Group, Key Facts
    • Al Muften Group – Main Services
      • Table Al Muften Group, Main Services
    • Al Muften Group – History
      • Table Al Muften Group, History
    • Al Muften Group – Company Information
      • Al Muften Group – key competitors
  • Company Profile: The Kufan Group
    • The Kufan Group – Company Overview
      • Table The Kufan Group, Key Facts
    • The Kufan Group – Main Services
      • Table The Kufan Group, Main Services
    • The Kufan Group – History
      • Table The Kufan Group, History
    • The Kufan Group – Company Information
      • The Kufan Group – key competitors
      • The Kufan Group – key employee
        • Table The Kufan Group, Key Employee
  • Company Profile: AL Bahoo General Contracting
    • AL Bahoo General Contracting – Company Overview
      • Table AL Bahoo General Contracting, Key Facts
    • AL Bahoo General Contracting – Main Services
      • Table AL Bahoo General Contracting, Main Services
    • AL Bahoo General Contracting – Company Information
      • AL Bahoo General Contracting – key competitors
      • AL Bahoo General Contracting – key employee
        • Table AL Bahoo General Contracting, Key Employee
  • Appendix
    • What is this Report About?
    • Definitions
      • Table Timetric Construction Market Definitions
    • Methodology
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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