Bahrain Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027

Bahrain Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027

Summary

The Bahraini construction industry is expected to grow by 4% in 2023, after growing by an estimated 1.8% in 2022, and then expand at an annual average of 4.6% between 2024 and 2027, supported by investment in the oil, transport infrastructure, and housing sectors. According to the Central Informatics Organization of Bahrain (CIO), the construction industry’s value add grew by 2.6% year on year (YoY) in Q2 2022, preceded by Y-o-Y growth of 3% in Q1 2022 and 3.1 % in Q4 2021.

Over the forecast period, the industry’s growth will also be supported by foreign direct investment (FDI). During the first nine months of 2022, the Bahrain Economic Development Board (Bahrain EDB) attracted BHD346.3 million ($921 million) in foreign direct investments into key sectors, such as financial services, ICT, logistics, manufacturing, and tourism.

Construction activity in the forecast period will also be supported by the ‘Industrial Sector Strategy (2022-26)’ and ‘Strategic Projects Plan’ which outlays an investment of BHD11.3 billion ($30 billion) in Bahrain’s national infrastructure and its strategic priority sectors. According to the pipeline of projects tracked by GlobalData, as of January 2023, Bahrain has BHD30.8 billion ($81.8 billion)-worth of projects in the construction industry in various stages. Some of the major projects currently under construction are the BHD3.4 billion ($9 billion) Amwaj Islands Diyar Al Muharraq Development project, the BHD2.8 billion ($7.5 billion) Bahrain International Airport Expansion project, and the BHD2.1 billion ($5.7 billion) Sitra Oil Refinery Expansion project.

The 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 construction activity
• Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the bahraini construction industry
• Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope

This report provides a comprehensive analysis of the construction industry in Bahrain. It provides -

• Historical (2018-2022) and forecast (2023-2027) valuations of the construction industry in Bahrain, featuring details of key growth drivers.
• Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
• Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
• Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy

• Identify and evaluate market opportunities using GlobalData'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 GlobalData's critical and actionable insight.
• Assess business risks, including cost, regulatory and competitive pressures.
• Evaluate competitive risk and success factors.