Construction in Bahrain - Key Trends and Opportunities to 2018

Published: Mar, 2014 | Pages: 68 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)


Synopsis
This report provides detailed market analysis, information and insights into the Bahraini construction industry including:
The Bahraini construction industry's growth prospects by market, project type and type of construction activity
Analysis of equipment, material and service costs across each project type within Bahrain
Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Bahraini construction industry
Analyzing the profiles of the leading operators in the Bahraini construction industry
Data highlights of the largest construction projects in Bahrain  

Summary
The Bahraini construction industry increased in value at a compound annual growth rate (CAGR) of 1.68% during the review period (2009?2013). This growth was supported by public investments in the infrastructure and residential markets, which are expected to be the main growth drivers over the forecast period (2014?2018). The industry is projected to record a forecast-period CAGR of 8.59%. Industry expansion will also be driven by a population increase, government initiatives to support the growth of high value-add projects, and an expected revival in investor confidence. 
Scope
This report provides a comprehensive analysis of the construction industry in Bahrain. It provides:
Historical (2009-2013) and forecast (2014-2018) valuations of the construction industry in Bahrain using construction output and value-add methods
Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
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)
Analysis of key construction industry issues, including regulation, cost management, funding and pricing
Detailed profiles of the leading construction companies in Bahrain  
Reason To Buy
 Identify and evaluate market opportunities using our 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 business strategies using Timetric's critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors  
Key Highlights
 The construction industry in Bahrain is in a stage of recovery after struggling from the lows of 2008-2009 financial crisis and political unrest since 2011. According to the Central Informatics Organization (CIO), in the third quarter of 2013 the Bahraini construction industry's contribution to GDP accounted for 6.3%. The industry is expected to value BHD3.4 billion (US$8.8 billion) in 2018, with growth largely supported by heavy investments in infrastructure and housing projects. A number of other major projects are either in the planning stage or under construction, such as the Gulf rail line development, airport expansion plans, infrastructure for three new cities, investment in power and water projects, a public transport network due in 2030, and a new state-of-the-art exhibition center.  
Construction growth will also be driven by the Bahrain Economic Vision 2030, through which the country is looking to become a developed nation by diversifying its economy, achieving sustainable development and providing a high standard of living for its population. The Economic Development Board (EDB) has initiated a program to formulate the first national economic strategy. To accomplish this, both public and private funds will be required to maintain and develop infrastructure. In January 2014, the government also announced plans to spend BHD835.5 million (US$2.2 billion) to enhance power facilities. This project will be a part of a BHD3.8 billion (US$10.0 billion) Gulf Corporation Council (GCC) fund allocated for the improvement of infrastructure.  
To diversify its economy from oil, the government is actively pursuing its Economic Vision 2030 which marks industrialization, diversification and privatization as growth opportunities. The government is making efforts to attract foreign investors and increase the participation of private investors in other economic sectors than oil. Efforts to diversify the economy will create opportunities for the construction industry. 
Bahrain is a part of a large rail network development plan covering countries in the GCC. The 2,177km network will stretch from Kuwait to Oman. The BHD9.5 billion (US$25.0 billion) project will link Kuwait City, Dammam in Saudi Arabia, Manama in Bahrain, Doha in Qatar, Abu Dhabi and Al Ain in the UAE, and Sohar in Oman. Construction is likely to start in 2014 and is expected to be complete in 2018. The project also comprises the construction of a causeway linking Saudi Arabia and Bahrain, boosting intra-regional trade through freight and passenger travel.  
In its 2013 draft budget, the government proposed the allocation of 10.6% of its total capital expenditure, valuing BHD114.8 million (US$302.3 million) towards social projects. It includes the development of housing, healthcare, educational and vocational training and social welfare projects. 
In the third quarter of 2013, the housing ministry allocated BHD3.0 billion (US$8.0 billion) towards the construction of new housing. It includes the construction of the first phase of the Durrat Marina, the second phase of the Wahat Al Muharraq and a new 128 villa project at Durrat Al Areen. The residential market in Bahrain will, therefore, record an increase in the number of housing projects over the forecast period.

 1 Executive Summary
2 Market Overview
2.1 Key Trends and Issues
2.2 Benchmarking by Market Size and Growth
3 Commercial Construction
3.1 Performance Outlook
3.2 Key Trends and Issues
3.3 Data and Project Highlights
4 Industrial Construction
4.1 Performance Outlook
4.2 Key Trends and Issues
4.3 Data and Project Highlights
5 Infrastructure Construction
5.1 Performance Outlook
5.2 Key Trends and Issues
5.3 Data and Project Highlights
6 Institutiol Construction
6.1 Performance Outlook
6.2 Key Trends and Issues
6.3 Data and Project Highlights
7 Residential Construction
7.1 Performance Outlook
7.2 Key Trends and Issues
7.3 Data and Project Highlights
8 Company Profile: ss Corporation BSC
8.1 ss Corporation BSC - Company Overview
8.2 ss Corporation BSC - Business Description
8.3 ss Corporation BSC - Main Services
8.4 ss Corporation BSC - History
8.5 ss Corporation BSC - Company Information
8.5.1 ss Corporation BSC - key competitors
8.5.2 ss Corporation BSC - key employees
9 Company Profile: The Ahmed Mansoor Al A'ali Group of Companies
9.1 The Ahmed Mansoor Al A'ali Group of Companies - Company Overview
9.2 The Ahmed Mansoor Al A'ali Group of Companies - Main Products and Services
9.3 The Ahmed Mansoor Al A'ali Group of Companies - Company Information
9.3.1 The Ahmed Mansoor Al A'ali Group of Companies - key competitors
9.3.2 The Ahmed Mansoor Al A'ali Group of Companies - key employees
10 Company Profile: Arabian Dredging Company WLL
10.1 Arabian Dredging Company WLL - Company Overview
10.2 Arabian Dredging Company WLL - Main Products and Services
10.3 Arabian Dredging Company WLL - Company Information
10.3.1 Arabian Dredging Company WLL - key competitors
10.3.2 Arabian Dredging Company WLL - key employees
11 Company Profile: Alwardi Group
11.1 Alwardi Group - Company Overview
11.2 Alwardi Group - Main Services
11.3 Alwardi Group - Company Information
11.3.1 Alwardi Group - key competitors
11.3.2 Alwardi Group - key employees
12 Company Profile: Inovest BSC
12.1 Inovest BSC - Company Overview
12.2 Inovest BSC - Business Description
12.3 Inovest BSC - Main Services
12.4 Inovest BSC - History
12.5 Inovest BSC - Company Information
12.5.1 Inovest BSC - key competitors
12.5.2 Inovest BSC - key employees
13 Market Data Alysis
13.1 Construction Output and Value Add
13.1.1 Construction output by project type
13.1.2 Construction output by cost type
13.1.3 Construction output by activity type
13.1.4 Construction value add by project type
13.2 Commercial Construction
13.2.1 Commercial construction output by project type
13.2.2 Commercial construction output by cost type
13.2.3 Commercial construction output by activity type
13.2.4 Commercial construction value add by project type
13.3 Industrial Construction
13.3.1 Industrial construction output by project type
13.3.2 Industrial construction output by cost type
13.3.3 Industrial construction output by activity type
13.3.4 Industrial construction value add by project type
13.4 Infrastructure Construction
13.4.1 Infrastructure construction output by project type
13.4.2 Infrastructure construction output by cost type
13.4.3 Infrastructure construction output by activity type
13.4.4 Infrastructure construction value add by project type
13.5 Institutiol Construction
13.5.1 Institutiol construction output by project type
13.5.2 Institutiol construction output by cost type
13.5.3 Institutiol construction output by activity type
13.5.4 Institutiol construction value add by project type
13.6 Residential Construction
13.6.1 Residential construction output by project type
13.6.2 Residential construction output by cost type
13.6.3 Residential construction output by activity type
13.6.4 Residential construction value add by project type
14 Appendix
14.1 What is This Report About?
14.2 Definitions
14.3 Summary Methodology
14.4 Methodology
14.5 Contact Timetric
14.6 About Timetric
14.7 Timetric's Services
14.8 Disclaimer


List of Tables
Table 1: Bahraini Benchmarking Against Other Construction Industries
Table 2: Commercial Construction Project 1 - USACE - Mi Salman US vy Waterfront Development - Bahrain
Table 3: Commercial Construction Project 2 - Chimex/Diyar - Dragon City Development - Bahrain
Table 4: Commercial Construction Project 3 - TP - DoubleTree Suites by Hilton - Bahrain
Table 5: Industrial Construction Project 1 - Alba - Aluminum Plant Line 6 Expansion - Bahrain
Table 6: Industrial Construction Project 2 - CPIC/AFG - Fiberglass Manufacturing Facility - Bahrain
Table 7: Industrial Construction Project 3 - JBFB - Polyester Films Manufacturing Facility - Bahrain
Table 8: Infrastructure Construction Project 1 - MoT - Monorail Network - Bahrain
Table 9: Infrastructure Construction Project 2 - EWA - Al Dur Water and Power Plant Phase II - Bahrain
Table 10: Infrastructure Construction Project 3 - MoPW - Muharraq Sewage Treatment Plant ? Bahrain
Table 11: Institutiol Construction Project 1 - MoH - Mohammed Bin Khalifa Cardiac Hospital - Awali
Table 12: Institutiol Construction Project 2 - IDC - Dilmunia Health Island - Al Muharraq
Table 13: Residential Construction Project 1 - MoH - Northern City - Al Buhair - Al Lawzi Affordable Housing - Bahrain
Table 14: Residential Construction Project 2 - MoH - East Sitra Residential Development - Bahrain
Table 15: Residential Construction Project 3 - MoH - East Hidd City Residential Development - Bahrain
Table 16: ss Corporation BSC, Key Facts
Table 17: ss Corporation BSC, Main Services
Table 18: ss Corporation BSC, History
Table 19: ss Corporation BSC, Key Employees
Table 20: The Ahmed Mansoor Al A'ali Group of Companies, Key Facts
Table 21: The Ahmed Mansoor Al A'ali Group of Companies, Main Products and Services
Table 22: The Ahmed Mansoor Al A'ali Group of Companies, Key Employees
Table 23: Arabian Dredging Company WLL, Key Facts
Table 24: Arabian Dredging Company WLL, Main Products and Services
Table 25: Arabian Dredging Company WLL, Key Employees
Table 26: Alwardi Group, Key Facts
Table 27: Alwardi Group, Main Services
Table 28: Alwardi Group, Key Employees
Table 29: Inovest BSC, Key Facts
Table 30: Inovest BSC, Main Services
Table 31: Inovest BSC - History
Table 32: Inovest BSC, Key Employees
Table 33: Bahraini Construction Output by Project Type (BHD Million), 2009-2013
Table 34: Bahraini Construction Output by Project Type (BHD Million), 2013-2018
Table 35: Bahraini Construction Output by Cost Type (BHD Million), 2009-2013
Table 36: Bahraini Construction Output by Cost Type (BHD Million), 2013-2018
Table 37: Bahraini Construction Output by Activity Type (BHD Million), 2009-2013
Table 38: Bahraini Construction Output by Activity Type (BHD Million), 2013-2018
Table 39: Bahraini Construction Value Add by Project Type (BHD Million), 2009-2013
Table 40: Bahraini Construction Value Add by Project Type (BHD Million), 2013-2018
Table 41: Bahraini Commercial Construction Output by Project Type (BHD Million), 2009-2013
Table 42: Bahraini Commercial Construction Output by Project Type (BHD Million), 2013-2018
Table 43: Bahraini Commercial Construction Output by Cost Type (BHD Million), 2009-2013
Table 44: Bahraini Commercial Construction Output by Cost Type (BHD Million), 2013-2018
Table 45: Bahraini Commercial Construction Output by Activity Type (BHD Million), 2009-2013
Table 46: Bahraini Commercial Construction Output by Activity Type (BHD Million), 2013-2018
Table 47: Bahraini Commercial Construction Value Add by Project Type (BHD Million), 2009-2013
Table 48: Bahraini Commercial Construction Value Add by Project Type (BHD Million), 2013-2018
Table 49: Bahraini Industrial Construction Output by Project Type (BHD Million), 2009-2013
Table 50: Bahraini Industrial Construction Output by Project Type (BHD Million), 2013-2018
Table 51: Bahraini Industrial Construction Output by Cost Type (BHD Million), 2009-2013
Table 52: Bahraini Industrial Construction Output by Cost Type (BHD Million), 2013-2018
Table 53: Bahraini Industrial Construction Output by Activity Type (BHD Million), 2009-2013
Table 54: Bahraini Industrial Construction Output by Activity Type (BHD Million), 2013-2018
Table 55: Bahraini Industrial Construction Value Add by Project Type (BHD Million), 2009-2013
Table 56: Bahraini Industrial Construction Value Add by Project Type (BHD Million), 2013-2018
Table 57: Bahraini Infrastructure Construction Output by Project Type (BHD Million), 2009-2013
Table 58: Bahraini Infrastructure Construction Output by Project Type (BHD Million), 2013-2018
Table 59: Bahraini Infrastructure Construction Output by Cost Type (BHD Million), 2009-2013
Table 60: Bahraini Infrastructure Construction Output by Cost Type (BHD Million), 2013-2018
Table 61: Bahraini Infrastructure Construction Output by Activity Type (BHD Million), 2009-2013
Table 62: Bahraini Infrastructure Construction Output by Activity Type (BHD Million), 2013-2018
Table 63: Bahraini Infrastructure Construction Value Add by Project Type (BHD Million), 2009-2013
Table 64: Bahraini Infrastructure Construction Value Add by Project Type (BHD Million), 2013-2018
Table 65: Bahraini Institutiol Construction Output by Project Type (BHD Million), 2009-2013
Table 66: Bahraini Institutiol Construction Output by Project Type (BHD Million), 2013-2018
Table 67: Bahraini Institutiol Construction Output by Cost Type (BHD Million), 2009-2013
Table 68: Bahraini Institutiol Construction Output by Cost Type (BHD Million), 2013-2018
Table 69: Bahraini Institutiol Construction Output by Activity Type (BHD Million), 2009-2013
Table 70: Bahraini Institutiol Construction Output by Activity Type (BHD Million), 2013-2018
Table 71: Bahraini Institutiol Construction Value Add by Project Type (BHD Million), 2009-2013
Table 72: Bahraini Institutiol Construction Value Add by Project Type (BHD Million), 2013-2018
Table 73: Bahraini Residential Construction Output by Project Type (BHD Million), 2009-2013
Table 74: Bahraini Residential Construction Output by Project Type (BHD Million), 2013-2018
Table 75: Bahraini Residential Construction Output by Cost Type (BHD Million), 2009-2013
Table 76: Bahraini Residential Construction Output by Cost Type (BHD Million), 2013-2018
Table 77: Bahraini Residential Construction Output by Activity Type (BHD Million), 2009-2013
Table 78: Bahraini Residential Construction Output by Activity Type (BHD Million), 2013-2018
Table 79: Bahraini Residential Construction Value Add by Project Type (BHD Million), 2009-2013
Table 80: Bahraini Residential Construction Value Add by Project Type (BHD Million), 2013-2018
Table 81: Timetric Construction Market Definitions