Construction in Tunisia - Key Trends and Opportunities to 2018

Published: Jul, 2014 | Pages: 64 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)


Synopsis
This report provides detailed market analysis, information and insights into the Tunisian construction industry including:
Tunisian 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 Tunisia
Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in Tunisian construction industry
Profiles of the leading operators in Tunisian construction industry.
Data highlights of the largest construction projects in Tunisia 

Summary
The Tunisian construction industry recorded a compound annual growth rate (CAGR) of 3.77% during the review period (2008-2013). The review-period growth was supported by the government-led social housing projects and increased foreign direct investment (FDI) in the real estate sector. Despite the economic and political instability, the industry's outlook is favorable, due to the government's focus on improving the country's infrastructure and residential requirements. Industry growth will also be driven by developments in the tourism and retail sectors, as well as the country's new investment code, which includes several blocks, such as guarantees on investment and access to investment incentives. The construction industry's output is expected to record a CAGR of 5.26% over the forecast period (2014-2018). 
Scope
This report provides a comprehensive analysis of the construction industry in Tunisia. It provides:
Historical (2009-2013) and forecast (2014-2018) valuations of the construction industry in Tunisia 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 Tunisia 
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
 In 2011, Tunisia underwent political upheaval, resulting in the eviction of President Ben Ali and the election of the Constituent Assembly. This impacted the country's economic growth in 2011 and resulted in a decline in FDI inflows in real estate. To promote growth in the economy, the International Monetary Fund (IMF) approved a loan of US$1.7 billion to support economic reforms in 2013. The contribution of the construction industry to GDP stood at 3.8% in 2013 and the value added to the industry in nominal terms, increased from TND2.7 billion (US$1.9 billion) in 2011 to TND2.9 billion (US$1.8 billion) in 2013. Forecast-period growth will be supported by the investments in tourism and social housing projects, and government efforts to revive the economy. 
Economic and political instability in 2011, resulted in economic contraction, from 2.9% in 2010 to 1.9% of the GDP in 2011. The economy rebounded in 2012 and registered an economic growth of 3.6% in 2012 and 2.6% in 2013. Realizing that unemployment had partly initiated the 2011 uprising in the country, the government started a public recruitment process to address this problem and lower unemployment from 16.7% in 2012 to 15.3% in 2013. Unemployment will continue to be a main government focus to achieve economic stability. Office space will be required to accommodate the increasing number of personnel and support the forecast-period growth of the office buildings category. 
Tunisia is rich source of phosphates and is one of the leading phosphate producers in the world. Due to social and political unrest, and labor strikes in 2011, production declined from 8MT (million tons) in 2010 to 2.6MT in 2012. However, according to National Institute of Statistics - Tunisia (INS), the production index of the mining industry increased from 44.9 in 2012 to 50.5 in 2013. The Ministry of Industry, Mines and Energy aims to increase the phosphate production from lower than 3MT in 2013 to 8MT in 2016 and 12MT by 2020. The Ministry also plans to invest TND4.1 billion (US$2.5 billion) in phosphate mines, in Midwest Tunisia.  
Tunisia played a key role in the initial stages of the Mediterranean Solar Plan, which was unveiled in 2008 - a European Union (EU) scheme that aims to generate 20GW of solar energy and other renewable energy resources by 2020 around the Mediterranean Sea. The project worth TND68.6 billion (US$55.7 billion), will export its output to Europe. Due to the country's strategic location, Tunisia is also a part of the DESERTEC foundation's super grid project called TuNur, which aims to connect the European and African countries and distribute power to these countries from the country's rich solar energy resources. The project will invest TND756.2 billion (US$560 billion) by 2050 and includes the construction of solar plants and transmission lines to meet the energy demands of the Middle East and North Africa (MENA) region and Europe. Due to these investments, the energy and communication infrastructure category is likely to grow over the forecast period. 
In 2013, a deal was signed between employer's union UTICA, the German Chamber of Commerce, a German-African business association Afrika Verein and the Tunisian Foreign Investment Promotion Agency (FIPA), in order to encourage investment activities in Tunisia and develop bilateral business partnership. The German government agreed to utilize Tunisian debt of TND120 million (US$75 million), as an investment in Tunisian infrastructure. Of this, TND20 million (US$12.3 million) will be invested in sewage infrastructure, TND60 million (US$37 million) in water and industrial waste management projects, whereas TND40 million (US$24.7 million) will be invested in water infrastructure in rural areas.

 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: Societe Immobiliere et de Participation
8.1 Societe Immobiliere et de Participation - Company Overview
8.2 Societe Immobiliere et de Participation - Main Services
8.3 Societe Immobiliere et de Participation - Company Information
8.3.1 Societe Immobiliere et de Participation - key competitors
8.3.2 Societe Immobiliere et de Participation - key employees
9 Company Profile: Societe Immobiliere Tuniso-Seoudienne
9.1 Societe Immobiliere Tuniso-Seoudienne - Company Overview
9.2 Societe Immobiliere Tuniso-Seoudienne - Main Services
9.3 Societe Immobiliere Tuniso-Seoudienne - Company Information
9.3.1 Societe Immobiliere Tuniso-Seoudienne - key competitors
9.3.2 Societe Immobiliere Tuniso-Seoudienne - key employees
10 Company Profile: ETRAPH
10.1 Etraph - Company Overview
10.2 Etraph - Main Services
10.3 Etraph - Company Information
10.3.1 Etraph - key competitors
10.3.2 Etraph - key employee
11 Company Profile: Enterprise Universelle de Batiment
11.1 Enterprise Universelle de Batiment - Company Overview
11.2 Enterprise Universelle de Batiment - Main Services
11.3 Enterprise Universelle de Batiment - Company Information
11.3.1 Enterprise Universelle de Batiment - key competitors
11.3.2 Enterprise Universelle de Batiment - key employee
12 Company Profile: Societe Bouzguenda Freres Batiments Et Travaux Publics
12.1 Societe Bouzguenda Freres Batiments et Travaux Publics - Company Overview
12.2 Societe Bouzguenda Freres Batiments et Travaux Publics - Main Services
12.3 Societe Bouzguenda Freres Batiments et Travaux Publics - Company Information
12.3.1 Societe Bouzguenda Freres Batiments et Travaux Publics - key competitors
12.3.2 Societe Bouzguenda Freres Batiments et Travaux Publics - 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: Benchmarking with Other Major Construction Industries
Table 2: Commercial Construction Project 1 - Amer Group - Taparura Porto Sfax Resort - Tunisia
Table 3: Commercial Construction Project 2 - SSHRS - Six Senses Gammarth - Tunis
Table 4: Commercial Construction Project 3 - LAFICO - Tunis Five-Star Hotel Complex Development - Tunisia
Table 5: Industrial Construction Project 1 - STIR - Bizerte Refinery Upgrade - Tunisia
Table 6: Industrial Construction Project 2 - Circle - Mahdia Permit Exploration - Tunisia
Table 7: Industrial Construction Project 3 - BG Group - Miskar and Hasdrubal Oil Fields Upgrade - Sfax
Table 8: Infrastructure Construction Project 1 - MoT - Trans-Maghreb High Speed Rail Link: Tunisia Section - Tunisia
Table 9: Infrastructure Construction Project 2 - STA - Gabes-Medenine-RasJedir Highway - Tunisia
Table 10: Infrastructure Construction Project 3 - ME - MIEPME - El Haouria Gas Power Plant - Cap Bon
Table 11: Institutiol Construction Project 1 - NPFPC/MoPH - Sfax University Hospital - Tunisia
Table 12: Institutiol Construction Project 2 - GFH - Tunis Fincial Harbour - Tunisia
Table 13: Residential Construction Project 1 - AFH - Tunis Residential Development - Tunisia
Table 14: Residential Construction Project 2 - BG - Tunis Sports City - Tunisia
Table 15: Residential Construction Project 3 - IDA - Golf Green Park Mixed-Use Development - Tunisia
Table 16: Societe Immobiliere et de Participation, Key Facts
Table 17: Societe Immobiliere et de Participation, Main Services
Table 18: Societe Immobiliere et de Participation, Key Employee
Table 19: Societe Immobiliere Tuniso-Seoudienne, Key Facts
Table 20: Societe Immobiliere Tuniso-Seoudienne, Main Services
Table 21: Societe Immobiliere Tuniso-Seoudienne, Key Employee
Table 22: Etraph, Key Facts
Table 23: Etraph, Main Services
Table 24: Etraph, Key Employee
Table 25: Enterprise Universelle de Batiment, Key Facts
Table 26: Enterprise Universelle de Batiment, Main Services
Table 27: Enterprise Universelle de Batiment, Key Employee
Table 28: Societe Bouzguenda Freres Batiments et Travaux Publics, Key Facts
Table 29: Societe Bouzguenda Freres Batiments et Travaux Publics, Main Services
Table 30: Societe Bouzguenda Freres Batiments et Travaux Publics, Key Employees
Table 31: Tunisian Construction Output by Project Type (TND Million), 2009-2013
Table 32: Tunisian Construction Output by Project Type (TND Million), 2013-2018
Table 33: Tunisian Construction Output by Cost Type (TND Million), 2009-2013
Table 34: Tunisian Construction Output by Cost Type (TND Million), 2013-2018
Table 35: Tunisian Construction Output by Activity Type (TND Million), 2009-2013
Table 36: Tunisian Construction Output by Activity Type (TND Million), 2013-2018
Table 37: Tunisian Construction Value Add by Project Type (TND Million), 2009-2013
Table 38: Tunisian Construction Value Add by Project Type (TND Million), 2013-2018
Table 39: Tunisian Commercial Construction Output by Project Type (TND Million), 2009-2013
Table 40: Tunisian Commercial Construction Output by Project Type (TND Million), 2013-2018
Table 41: Tunisian Commercial Construction Output by Cost Type (TND Million), 2009-2013
Table 42: Tunisian Commercial Construction Output by Cost Type (TND Million), 2013-2018
Table 43: Tunisian Commercial Construction Output by Activity Type (TND Million), 2009-2013
Table 44: Tunisian Commercial Construction Output by Activity Type (TND Million), 2013-2018
Table 45: Tunisian Commercial Construction Value Add by Project Type (TND Million), 2009-2013
Table 46: Tunisian Commercial Construction Value Add by Project Type (TND Million), 2013-2018
Table 47: Tunisian Industrial Construction Output by Project Type (TND Million), 2009-2013
Table 48: Tunisian Industrial Construction Output by Project Type (TND Million), 2013-2018
Table 49: Tunisian Industrial Construction Output by Cost Type (TND Million), 2009-2013
Table 50: Tunisian Industrial Construction Output by Cost Type (TND Million), 2013-2018
Table 51: Tunisian Industrial Construction Output by Activity Type (TND Million), 2009-2013
Table 52: Tunisian Industrial Construction Output by Activity Type (TND Million), 2013-2018
Table 53: Tunisian Industrial Construction Value Add by Project Type (TND Million), 2009-2013
Table 54: Tunisian Industrial Construction Value Add by Project Type (TND Million), 2013-2018
Table 55: Tunisian Infrastructure Construction Output by Project Type (TND Million), 2009-2013
Table 56: Tunisian Infrastructure Construction Output by Project Type (TND Million), 2013-2018
Table 57: Tunisian Infrastructure Construction Output by Cost Type (TND Million), 2009-2013
Table 58: Tunisian Infrastructure Construction Output by Cost Type (TND Million), 2013-2018
Table 59: Tunisian Infrastructure Construction Output by Activity Type (TND Million), 2009-2013
Table 60: Tunisian Infrastructure Construction Output by Activity Type (TND Million), 2013-2018
Table 61: Tunisian Infrastructure Construction Value Add by Project Type (TND Million), 2009-2013
Table 62: Tunisian Infrastructure Construction Value Add by Project Type (TND Million), 2013-2018
Table 63: Tunisian Institutiol Construction Output by Project Type (TND Million), 2009-2013
Table 64: Tunisian Institutiol Construction Output by Project Type (TND Million), 2013-2018
Table 65: Tunisian Institutiol Construction Output by Cost Type (TND Million), 2009-2013
Table 66: Tunisian Institutiol Construction Output by Cost Type (TND Million), 2013-2018
Table 67: Tunisian Institutiol Construction Output by Activity Type (TND Million), 2009-2013
Table 68: Tunisian Institutiol Construction Output by Activity Type (TND Million), 2013-2018
Table 69: Tunisian Institutiol Construction Value Add by Project Type (TND Million), 2009-2013
Table 70: Tunisian Institutiol Construction Value Add by Project Type (TND Million), 2013-2018
Table 71: Tunisian Residential Construction Output by Project Type (TND Million), 2009-2013
Table 72: Tunisian Residential Construction Output by Project Type (TND Million), 2013-2018
Table 73: Tunisian Residential Construction Output by Cost Type (TND Million), 2009-2013
Table 74: Tunisian Residential Construction Output by Cost Type (TND Million), 2013-2018
Table 75: Tunisian Residential Construction Output by Activity Type (TND Million), 2009-2013
Table 76: Tunisian Residential Construction Output by Activity Type (TND Million), 2013-2018
Table 77: Tunisian Residential Construction Value Add by Project Type (TND Million), 2009-2013
Table 78: Tunisian Residential Construction Value Add by Project Type (TND Million), 2013-2018
Table 79: Timetric Construction Market Definitions