Construction in Iraq - Key Trends and Opportunities to 2021

Published: Sep, 2017 | Pages: 67 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)

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).

 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: 77 Construction Contracting & Trading Co.
5.1 77 Construction Contracting & Trading Co. - Company Overview
5.2 77 Construction Contracting & Trading Co. - Main Products and Services
5.3 77 Construction Contracting & Trading Co. - History
5.4 77 Construction Contracting & Trading Co. - Company Information
5.4.1 77 Construction Contracting & Trading Co. - key competitors
5.4.2 77 Construction Contracting & Trading Co. - key employee
6 Company Profile: Albilal Group General Contracts Co. Ltd
6.1 Albilal Group General Contracts Co. Ltd - Company Overview
6.2 Albilal Group General Contracts Co. Ltd - Main Services
6.3 Albilal Group General Contracts Co. Ltd - Company Information
6.3.1 Albilal Group General Contracts Co. Ltd - key competitors
6.3.2 Albilal Group General Contracts Co. Ltd - 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 - History
7.4 Al Muften Group - Company Information
7.4.1 Al Muften Group - key competitors
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 - History
8.4 The Kufan Group - Company Information
8.4.1 The Kufan Group - key competitors
8.4.2 The Kufan Group - key employee
9 Company Profile: AL Bahoo General Contracting
9.1 AL Bahoo General Contracting - Company Overview
9.2 AL Bahoo General Contracting - Main Services
9.3 AL Bahoo General Contracting - Company Information
9.3.1 AL Bahoo General Contracting - key competitors
9.3.2 AL Bahoo General Contracting - 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), 2012-2016
Table 2: Iraqi Construction Output by Project Type (IQD Million), 2016-2021
Table 3: Iraqi Construction Output by Cost Type (IQD Million), 2012-2016
Table 4: Iraqi Construction Output by Cost Type (IQD Million), 2016-2021
Table 5: Iraqi Construction Output by Activity Type (IQD Million), 2012-2016
Table 6: Iraqi Construction Output by Activity Type (IQD Million), 2016-2021
Table 7: Iraqi Construction Value Add by Project Type (IQD Million), 2012-2016
Table 8: Iraqi Construction Value Add by Project Type (IQD Million), 2016-2021
Table 9: Iraqi Commercial Construction Output by Project Type (IQD Million), 2012-2016
Table 10: Iraqi Commercial Construction Output by Project Type (IQD Million), 2016-2021
Table 11: Iraqi Commercial Construction Output by Cost Type (IQD Million), 2012-2016
Table 12: Iraqi Commercial Construction Output by Cost Type (IQD Million), 2016-2021
Table 13: Iraqi Commercial Construction Output by Activity Type (IQD Million), 2012-2016
Table 14: Iraqi Commercial Construction Output by Activity Type (IQD Million), 2016-2021
Table 15: Iraqi Commercial Construction Value Add by Project Type (IQD Million), 2012-2016
Table 16: Iraqi Commercial Construction Value Add by Project Type (IQD Million), 2016-2021
Table 17: Iraqi Industrial Construction Output by Project Type (IQD Million), 2012-2016
Table 18: Iraqi Industrial Construction Output by Project Type (IQD Million), 2016-2021
Table 19: Iraqi Industrial Construction Output by Cost Type (IQD Million), 2012-2016
Table 20: Iraqi Industrial Construction Output by Cost Type (IQD Million), 2016-2021
Table 21: Iraqi Industrial Construction Output by Activity Type (IQD Million), 2012-2016
Table 22: Iraqi Industrial Construction Output by Activity Type (IQD Million), 2016-2021
Table 23: Iraqi Industrial Construction Value Add by Project Type (IQD Million), 2012-2016
Table 24: Iraqi Industrial Construction Value Add by Project Type (IQD Million), 2016-2021
Table 25: Iraqi Infrastructure Construction Output by Project Type (IQD Million), 2012-2016
Table 26: Iraqi Infrastructure Construction Output by Project Type (IQD Million), 2016-2021
Table 27: Iraqi Infrastructure Construction Output by Cost Type (IQD Million), 2012-2016
Table 28: Iraqi Infrastructure Construction Output by Cost Type (IQD Million), 2016-2021
Table 29: Iraqi Infrastructure Construction Output by Activity Type (IQD Million), 2012-2016
Table 30: Iraqi Infrastructure Construction Output by Activity Type (IQD Million), 2016-2021
Table 31: Iraqi Infrastructure Construction Value Add by Project Type (IQD Million), 2012-  2016
Table 32: Iraqi Infrastructure Construction Value Add by Project Type (IQD Million), 2016-  2021
Table 33: Iraqi Energy and Utilities Construction Output by Project Type (IQD Million), 2012-  2016
Table 34: Iraqi Energy and Utilities Construction Output by Project Type (IQD Million), 2016-  2021
Table 35: Iraqi Energy and Utilities Construction Output by Cost Type (IQD Million), 2012-  2016
Table 36: Iraqi Energy and Utilities Construction Output by Cost Type (IQD Million), 2016-  2021
Table 37: Iraqi Energy and Utilities Construction Output by Activity Type (IQD Million), 2012-  2016
Table 38: Iraqi Energy and Utilities Construction Output by Activity Type (IQD Million), 2016-  2021
Table 39: Iraqi Energy and Utilities Construction Value Add by Project Type (IQD Million),   2012-2016
Table 40: Iraqi Energy and Utilities Construction Value Add by Project Type (IQD Million),   2016-2021
Table 41: Iraqi Institutional Construction Output by Project Type (IQD Million), 2012-2016
Table 42: Iraqi Institutional Construction Output by Project Type (IQD Million), 2016-2021
Table 43: Iraqi Institutional Construction Output by Cost Type (IQD Million), 2012-2016
Table 44: Iraqi Institutional Construction Output by Cost Type (IQD Million), 2016-2021
Table 45: Iraqi Institutional Construction Output by Activity Type (IQD Million), 2012-2016
Table 46: Iraqi Institutional Construction Output by Activity Type (IQD Million), 2016-2021
Table 47: Iraqi Institutional Construction Value Add by Project Type (IQD Million), 2012-2016
Table 48: Iraqi Institutional Construction Value Add by Project Type (IQD Million), 2016-2021
Table 49: Iraqi Residential Construction Output by Project Type (IQD Million), 2012-2016
Table 50: Iraqi Residential Construction Output by Project Type (IQD Million), 2016-2021
Table 51: Iraqi Residential Construction Output by Cost Type (IQD Million), 2012-2016
Table 52: Iraqi Residential Construction Output by Cost Type (IQD Million), 2016-2021
Table 53: Iraqi Residential Construction Output by Activity Type (IQD Million), 2012-2016
Table 54: Iraqi Residential Construction Output by Activity Type (IQD Million), 2016-2021
Table 55: Iraqi Residential Construction Value Add by Project Type (IQD Million), 2012-2016
Table 56: Iraqi Residential Construction Value Add by Project Type (IQD Million), 2016-2021
Table 57: 77 Construction Contracting & Trading Co., Key Facts
Table 58: 77 Construction Contracting & Trading Co., Main Products and Services
Table 59: 77 Construction Contracting & Trading Co., History
Table 60: 77 Construction Contracting & Trading Co., Key Employee
Table 61: Albilal Group General Contracts Co. Ltd, Key Facts
Table 62: Albilal Group General Contracts Co. Ltd, Main Services
Table 63: Albilal Group General Contracts Co. Ltd, Key Employees
Table 64: Al Muften Group, Key Facts
Table 65: Al Muften Group, Main Services
Table 66: Al Muften Group, History
Table 67: The Kufan Group, Key Facts
Table 68: The Kufan Group, Main Services
Table 69: The Kufan Group, History
Table 70: The Kufan Group, Key Employee
Table 71: AL Bahoo General Contracting, Key Facts
Table 72: AL Bahoo General Contracting, Main Services
Table 73: AL Bahoo General Contracting, Key Employee
Table 74: Timetric Construction Market Definitions