Bahrain Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026
Summary
The construction industry in Bahrain recovered marginally by 0.8% in real terms in 2021, owing to an improvement in oil prices, coupled with investments on infrastructure projects to revive the economy. According to the Ministry of Finance and National Economy’s “Performance of Key Economic Indicators for the Year 2021” report, released in February 2022, the number of building permits soared by 21.4% year on year (YoY), while the construction area for issued permits jumped by 55.8% YoY in 2021. In addition, the number of real estate transactions registered with the Survey and Land Registration Authority increased by 29% YoY during the same period.
The industry is expected to expand by 4% this year, before registering an annual growth of 4.3% from 2023 to 2026, supported by investments in the oil, transport infrastructure, and housing sectors. In terms of the strategic projects, the Bahrain Oil Refinery (Bapco) modernization program (BMP) reached a completion rate of 82.8% by the end of April 2022. The program aims to increase the refinery’s production capacity from 267,000bpd in 2020 to 380,000bpd by 2030, in addition to enhancing the quantity and variety of products with an increased profit margin.
Forecast-period growth in the industry will also be supported by investments as part of the ‘Strategic Projects Plan’, unveiled in October 2021; the plan 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 July 2022, Bahrain has BHD26.1 billion ($69.2 billion)-worth of projects in the construction industry in various stages. Some of the major projects currently under construction are the BHD11.2 billion (US$5.7 billion) Sitra Oil Refinery modernization and expansion project, the BHD2.1 billion (US$7.5 billion) Bahrain International Airport Expansion project, and the BHD3.4 billion (US$9 billion) Amwaj Islands Diyar Al Muharraq Development project.
The report provides detailed market analysis, information, and insights into Bahrain’s construction industry, including -
- Bahrain’s 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 Bahrain’s construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
This report provides a comprehensive analysis of the construction industry in Bahrain. It provides -
- Historical (2017-2021) and forecast (2022-2026) 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
- 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.
- 1 Executive Summary
- 2 Construction Industry: At-a-Glance
- 3 Context
- 3.1 Economic Performance
- 3.2 Political Environment and Policy
- 3.3 Demographics
- 3.4 COVID-19 Status
- 3.5 Risk Profile
- 4 Construction Outlook
- 4.1 All Construction
- Outlook
- Latest news and developments
- 4.2 Commercial Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.3 Industrial Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.4 Infrastructure Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.5 Energy and Utilities Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.6 Institutional Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.7 Residential Construction
- Outlook
- Project analytics
- Latest news and developments
- 5 Key Industry Participants
- 5.1 Contractors
- 5.2 Consultants
- 6 Construction Market Data
- 7 Appendix
- 7.1 What is this Report About?
- 7.2 Definitions
- 7.3 CRI Methodology
- 7.4 GlobalData Construction
- Contact Us
- List of Tables
- Table 1: Construction Industry Key Data
- Table 2: Bahrain, Key Economic Indicators
- Table 3: Bahrain, Commercial Construction Output by Project Type (Real % Change), 2017-26
- Table 4: Bahrain, Top Commercial Construction Projects by Value
- Table 5: Bahrain, Industrial Construction Output by Project Type (Real % Change), 2017-26
- Table 6: Bahrain, Top Industrial Construction Projects by Value
- Table 7: Bahrain, Infrastructure Construction Output by Project Type (Real % Change), 2017-26
- Table 8: Bahrain, Top Infrastructure Construction Projects by Value
- Table 9: Bahrain, Energy and Utilities Construction Output by Project Type (Real % Change), 2017-26
- Table 10: Bahrain, Top Energy and Utilities Construction Projects by Value
- Table 11: Bahrain, Institutional Construction Output by Project Type (Real % Change), 2017-26
- Table 12: Bahrain, Top Institutional Construction Projects by Value
- Table 13: Bahrain, Residential Construction Output by Project Type (Real % Change), 2017-26
- Table 14: Bahrain, Top Residential Construction Projects by Value
- Table 15: Bahrain, Key Contractors
- Table 16: Bahrain, Key Consultants
- Table 17: Bahrain, Construction Output Value (Real, $ Million)
- Table 18: Bahrain, Construction Output Value (Nominal, BHD Million)
- Table 19: GlobalData Construction Market Definitions
- Table 20: Risk Dimensions
- Table 21: Ratings, Scores and Definitions
- List of Figures
- Figure 1: Middle East and North Africa, Construction Output (Real % Change), 2020-26
- Figure 2: Bahrain, Construction Output by Sector (Real % Change), 2020-22 and 2023-26
- Figure 3: Bahrain, COVID-19 Confirmed Cases
- Figure 4: Bahrain, Risk Summary
- Figure 5: Bahrain, Risk Regional Comparison
- Figure 6: Bahrain, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2017-26
- Figure 7: Bahrain, Construction Output Value, by Sector (Real, $ Million), 2017-26
- Figure 8: Bahrain, Constructions Value Add (BHD Million, 2010 Constant Prices)
- Figure 9: Bahrain, Outstanding Loans and Advances to the Construction and Real Estate Sector, In BHD Million
- Figure 10: Bahrain, Commercial Construction Output by Project Type (Real, $ Million), 2017-26
- Figure 11: Bahrain, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 12: Bahrain, Hotel and Restaurants Value Add (BHD Million, 2010 Constant Prices)
- Figure 13: Bahrain, Wholesale and Retail Trade Value Add (BHD Million, 2010 Constant Prices)
- Figure 14: Bahrain, Outstanding Loans and Advances to Hotels and Restaurants, In BHD Million
- Figure 15: Bahrain, Industrial Construction Output by Project Type (Real, $ Million), 2017-26
- Figure 16: Bahrain, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 17: Bahrain, Manufacturing Value Add (BHD Million, 2010 Constant Prices)
- Figure 18: Bahrain, Total Non-Oil Exports of National Origin, In BHD Million
- Figure 19: Bahrain, Infrastructure Construction Output by Project Type (Real, $ Million), 2017-26
- Figure 20: Bahrain, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 21: Bahrain, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2017-26
- Figure 22: Bahrain, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 23: Bahrain, Crude Petroleum and Natural Gas Mining Value Add (BHD Million, 2010 Constant Prices)
- Figure 24: Bahrain, Electricity and Water Value Add (BHD Million, 2010 Constant Prices)
- Figure 25: Bahrain, Institutional Construction Output by Project Type (Real, $ Million), 2017-26
- Figure 26: Bahrain, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 27: Bahrain, Value Add of Private Health and Education Services, % Change YoY
- Figure 28: Bahrain, Residential Construction Output by Project Type (Real, $ Million), 2017-26
- Figure 29: Bahrain, Residential Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 30: Bahrain, Real Estate Value Add (BHD Million, 2010 Constant Prices)
- Figure 31: Bahrain, Headquarters of Key Contractors (% of Total Project Pipeline)
- Figure 32: Bahrain, Headquarters of Key Consultants (% of Total Project Pipeline)
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