Construction in Iraq - Key Trends and Opportunities to 2020

Published: Jul, 2016 | Pages: 64 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)

Synopsis

The construction industry in Iraq has suffered greatly from the country's dire security situation and weak investor confidence, as well as a decline in government spending owing to the sharp drop in oil prices since late 2014. The country's construction industry contracted in real terms, by 19.0% in 2014 and 7.3% in 2015. 

However, with the liberation of many provinces from the grasp of the Islamic State in Iraq and Syria (ISIS), the industry is recovering, and is expected to register a positive growth rate of 3.3% in 2016 in real terms.

Over the forecast period (2016-2020), assuming oil prices recover, the industry is expected to be supported by the government's investment in war-damaged property, transport infrastructure, healthcare, educational facilities and housing projects. 

Growth will also be driven by the country's tourism development program for 2016-2026 and Transport Corridors Project (TCP), under which the government aims to develop road, rail, and airport infrastructure.

There are risks associated with the industry's outlook. If oil prices do not recover, the government's fiscal position will challenging, and as such it will struggle to drive investment in infrastructure, and if the war with ISIS is prolonged, it will continue to damage investor confidence, and thus undermine growth prospects over the forecast period.
Summary

Timetric's Construction in Iraq - Key Trends and Opportunities to 2020 report provides detailed market analysis, information and insights into the Iraqi construction industry including:

• Iraqi construction industry's growth prospects by market, project type and construction activity

• Analysis of equipment, material and service costs for each project type in Iraq  

• 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

• Data highlights of the largest construction projects in Iraq
Scope

This report provides a comprehensive analysis of the construction industry in Iraq It provides:

• Historical (2011-2015) and forecast (2016-2020) 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 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 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

• To maintain the balance between the demand and supply for housing units, the government plans to invest IQD5.8 trillion (US$5.0 billion) to build 2.5 million new housing units by 2018. In addition, the government plans to increase the number of residential units with financial support from private partners. In 2014, the government announced a plan to build the Bismayah New City Project (BNCP) near Baghdad. In cooperation with Hanwha Engineering and Construction, a South Korean construction company, the government announced a plan in 2014 to build 100,000 residential units.

• The government plans to increase the country's renewable energy generation capacity with private sector investment. Accordingly, under a Build Own Operate (BOO) model, in June 2016 a tender was issued for the construction of a 50MW solar power plant for private companies. The government plans to build three solar power plants with a capacity of between five and 10MW in the provinces of Najaf and Diwaniya, and a wind power plant with same capacity in the province of Misan.

• The industry is expected to benefit from government efforts to reconstruct Iraq's damaged infrastructure. States that were previously in the control of ISIS suffered extensive damage. States that were previously in the control of ISIS suffered extensive damage. In 2015, Salahuddin (Tikrit), Sinjar and Anbar (Ramadi), were liberated and are being reconstructed.

• ISIS terrorist activities in Iraq increased during 2013-2014, due to which the government postponed many tourism development investment plans. However, with the liberation of many provinces in 2015, the government resumed its focus on developing the tourism sector. Accordingly, in the 2016 budget, the government prioritized its investment in religious tourism and other tourism to diversify its economy from oil and gas.

 Table of Contents
1 Executive Summary
2 Industry Outlook
2.1 Commercial Construction
2.2 Industrial Construction
2.3 Infrastructure Construction
2.4 Energy and Utilities Construction
2.5 Institutional Construction
2.6 Residential Construction
3 Key Issues and Developments
4 Market Data Analysis
4.1 Construction Output and Value Add
4.1.1 Construction output by project type
4.1.2 Construction output by cost type
4.1.3 Construction output by activity type
4.1.4 Construction value add by project type
4.2 Commercial Construction
4.2.1 Commercial construction output by project type
4.2.2 Commercial construction output by cost type
4.2.3 Commercial construction output by activity type
4.2.4 Commercial construction value add by project type
4.3 Industrial Construction
4.3.1 Industrial construction output by project type
4.3.2 Industrial construction output by cost type
4.3.3 Industrial construction output by activity type
4.3.4 Industrial construction value add by project type
4.4 Infrastructure Construction
4.4.1 Infrastructure construction output by project type
4.4.2 Infrastructure construction output by cost type
4.4.3 Infrastructure construction output by activity type
4.4.4 Infrastructure construction value add by project type
4.5 Energy and Utilities Construction
4.5.1 Energy and utilities construction output by project type
4.5.2 Energy and utilities construction output by cost type
4.5.3 Energy and utilities construction output by activity type
4.5.4 Energy and utilities construction value add by project type
4.6 Institutional Construction
4.6.1 Institutional construction output by project type
4.6.2 Institutional construction output by cost type
4.6.3 Institutional construction output by activity type
4.6.4 Institutional construction value add by project type
4.7 Residential Construction
4.7.1 Residential construction output by project type
4.7.2 Residential construction output by cost type
4.7.3 Residential construction output by activity type
4.7.4 Residential construction value add by project type
5 Company Profile: Ranj Company
5.1 Ranj Company - Company Overview
5.2 Ranj Company - Main Services
5.3 Ranj Company - History
5.4 Ranj Company - Company Information
5.4.1 Ranj Company - key competitors
5.4.2 Ranj Company - key employee
6 Company Profile: Galala Group of Companies
6.1 Galala Group of Companies - Company Overview
6.2 Galala Group of Companies - Main Products and Services
6.3 Galala Group of Companies - Company Information
6.3.1 Galala Group of Companies - key competitors
6.3.2 Galala Group of Companies - key employees
7 Company Profile: Al Muften Group
7.1 Al Muften Group - Company Overview
7.2 Al Muften Group - Main Services
7.3 Al Muften Group - Company Information
7.3.1 Al Muften Group - key competitors
7.3.2 Al Muften Group - key employee
8 Company Profile: The Kufan Group
8.1 The Kufan Group - Company Overview
8.2 The Kufan Group - Main Services
8.3 The Kufan Group - Company Information
8.3.1 The Kufan Group - key competitors
8.3.2 The Kufan Group - key employee
9 Company Profile: 77 Construction Contracting & Trading Co.
9.1 77 Construction Contracting & Trading Co. - Company Overview
9.2 77 Construction Contracting & Trading Co. - Main Products and Services
9.3 77 Construction Contracting & Trading Co. - Company Information
9.3.1 77 Construction Contracting & Trading Co. - key competitors
9.3.2 77 Construction Contracting & Trading Co. - key employee
10 Appendix
10.1 What is this Report About?
10.2 Definitions
10.3 Methodology
10.4 Contact Timetric
10.5 About Timetric
10.6 Timetric's Services
10.7 Disclaimer

List of Tables
Table 1: Iraqi Construction Output by Project Type (IQD Million), 2011-2015
Table 2: Iraqi Construction Output by Project Type (IQD Million), 2015-2020
Table 3: Iraqi Construction Output by Cost Type (IQD Million), 2011-2015
Table 4: Iraqi Construction Output by Cost Type (IQD Million), 2015-2020
Table 5: Iraqi Construction Output by Activity Type (IQD Million), 2011-2015
Table 6: Iraqi Construction Output by Activity Type (IQD Million), 2015-2020
Table 7: Iraqi Construction Value Add by Project Type (IQD Million), 2011-2015
Table 8: Iraqi Construction Value Add by Project Type (IQD Million), 2015-2020
Table 9: Iraqi Commercial Construction Output by Project Type (IQD Million), 2011-2015
Table 10: Iraqi Commercial Construction Output by Project Type (IQD Million), 2015-2020
Table 11: Iraqi Commercial Construction Output by Cost Type (IQD Million), 2011-2015
Table 12: Iraqi Commercial Construction Output by Cost Type (IQD Million), 2015-2020
Table 13: Iraqi Commercial Construction Output by Activity Type (IQD Million), 2011-2015
Table 14: Iraqi Commercial Construction Output by Activity Type (IQD Million), 2015-2020
Table 15: Iraqi Commercial Construction Value Add by Project Type (IQD Million), 2011-2015
Table 16: Iraqi Commercial Construction Value Add by Project Type (IQD Million), 2015-2020
Table 17: Iraqi Industrial Construction Output by Project Type (IQD Million), 2011-2015
Table 18: Iraqi Industrial Construction Output by Project Type (IQD Million), 2015-2020
Table 19: Iraqi Industrial Construction Output by Cost Type (IQD Million), 2011-2015
Table 20: Iraqi Industrial Construction Output by Cost Type (IQD Million), 2015-2020
Table 21: Iraqi Industrial Construction Output by Activity Type (IQD Million), 2011-2015
Table 22: Iraqi Industrial Construction Output by Activity Type (IQD Million), 2015-2020
Table 23: Iraqi Industrial Construction Value Add by Project Type (IQD Million), 2011-2015
Table 24: Iraqi Industrial Construction Value Add by Project Type (IQD Million), 2015-2020
Table 25: Iraqi Infrastructure Construction Output by Project Type (IQD Million), 2011-2015
Table 26: Iraqi Infrastructure Construction Output by Project Type (IQD Million), 2015-2020
Table 27: Iraqi Infrastructure Construction Output by Cost Type (IQD Million), 2011-2015
Table 28: Iraqi Infrastructure Construction Output by Cost Type (IQD Million), 2015-2020
Table 29: Iraqi Infrastructure Construction Output by Activity Type (IQD Million), 2011-2015
Table 30: Iraqi Infrastructure Construction Output by Activity Type (IQD Million), 2015-2020
Table 31: Iraqi Infrastructure Construction Value Add by Project Type (IQD Million), 2011-2015
Table 32: Iraqi Infrastructure Construction Value Add by Project Type (IQD Million), 2015-2020
Table 33: Iraqi Energy and Utilities Construction Output by Project Type (IQD Million), 2011-2015
Table 34: Iraqi Energy and Utilities Construction Output by Project Type (IQD Million), 2015-2020
Table 35: Iraqi Energy and Utilities Construction Output by Cost Type (IQD Million), 2011-2015
Table 36: Iraqi Energy and Utilities Construction Output by Cost Type (IQD Million), 2015-2020
Table 37: Iraqi Energy and Utilities Construction Output by Activity Type (IQD Million), 2011-2015
Table 38: Iraqi Energy and Utilities Construction Output by Activity Type (IQD Million), 2015-2020
Table 39: Iraqi Energy and Utilities Construction Value Add by Project Type (IQD Million), 2011-2015
Table 40: Iraqi Energy and Utilities Construction Value Add by Project Type (IQD Million), 2015-2020
Table 41: Iraqi Institutional Construction Output by Project Type (IQD Million), 2011-2015
Table 42: Iraqi Institutional Construction Output by Project Type (IQD Million), 2015-2020
Table 43: Iraqi Institutional Construction Output by Cost Type (IQD Million), 2011-2015
Table 44: Iraqi Institutional Construction Output by Cost Type (IQD Million), 2015-2020
Table 45: Iraqi Institutional Construction Output by Activity Type (IQD Million), 2011-2015
Table 46: Iraqi Institutional Construction Output by Activity Type (IQD Million), 2015-2020
Table 47: Iraqi Institutional Construction Value Add by Project Type (IQD Million), 2011-2015
Table 48: Iraqi Institutional Construction Value Add by Project Type (IQD Million), 2015-2020
Table 49: Iraqi Residential Construction Output by Project Type (IQD Million), 2011-2015
Table 50: Iraqi Residential Construction Output by Project Type (IQD Million), 2015-2020
Table 51: Iraqi Residential Construction Output by Cost Type (IQD Million), 2011-2015
Table 52: Iraqi Residential Construction Output by Cost Type (IQD Million), 2015-2020
Table 53: Iraqi Residential Construction Output by Activity Type (IQD Million), 2011-2015
Table 54: Iraqi Residential Construction Output by Activity Type (IQD Million), 2015-2020
Table 55: Iraqi Residential Construction Value Add by Project Type (IQD Million), 2011-2015
Table 56: Iraqi Residential Construction Value Add by Project Type (IQD Million), 2015-2020
Table 57: Ranj Company, Key Facts
Table 58: Ranj Company, Main Services
Table 59: Ranj Company, History
Table 60: Ranj Company, Key Employee
Table 61: Galala Group of Companies, Key Facts
Table 62: Galala Group of Companies, Main Products and Services
Table 63: Galala Group of Companies, Key Employees
Table 64: Al Muften Group, Key Facts
Table 65: Al Muften Group, Main Services
Table 66: Al Muften Group Employee
Table 67: The Kufan Group, Key Facts
Table 68: The Kufan Group, Main Services
Table 69: The Kufan Group, Key Employee
Table 70: 77 Construction Contracting & Trading Co., Key Facts
Table 71: 77 Construction Contracting & Trading Co., Main Products and Services
Table 72: 77 Construction Contracting & Trading Co., Key Employee
Table 73: Timetric Construction Market Definitions