Bahrain Projects, H1 2022 - Outlook of Major Projects in Bahrain - MEED Insights
Summary
Economic climate and strategy
The Bahrain government launched a renewed effort to invigorate the local economy October 2021, with a revamped economic strategy that combined spending cuts with plans to raise more non-oil revenue and attract more investment. The aim is to make the economy more competitive and help it to rebound from the Covid-19 crisis. But even before the pandemic, the country had been struggling and some analysts warn that the latest policies are unlikely to deliver the results the government wants.
Some elements of the plan had been flagged up in the preceding weeks, such as the intention to double the VAT rate to 10 per cent and delay the date for balancing the budget until 2024. But some new targets were also included, such as attracting $2.5bn a year in foreign direct investment (FDI) by 2023.
The government plans to make labour market reforms to create 20,000 jobs for locals, simplify issuing business licences and launch a new residency permit programme to attract talent and investors.
It also intends to create new industrial investment areas and wants to see more than $30bn of investment in strategic projects. Six priority sectors have been identified: oil and gas; tourism; logistics; financial services; telecoms, IT and digital economy; and manufacturing. Annual growth of 5 per cent in the non-oil economy from 2022 is also targeted.
Written by MEED, the Middle East market experts within the GlobalData Group, Bahrain Projects H1 2022 evaluates and highlights the sectors and projects presenting the best growth opportunity.
Reasons to Buy
- Identify new opportunities
- Support business planning and strategy
- Identify challenges to enable you to mitigate and avoid risk
- Gain outlook for contract awards
- Access sector-by-sector breakdown of future project plans
- Preview profile contractor landscape in each sector
- Assess the challenges in Bahrain’s projects market
- EXECUTIVE SUMMARY
- Country Overview
- Bahrain
- Economy
- Economic Outlook
- Budgets
- Projects Market
- Projects Market Overview
- Projects Market Size
- Bahrain Projects Market by Project Status
- Projects Market By Sector
- Bahrain Project Contract Awards By Year, 2012-21 ($m)
- Bahrain Contract Awards by Sector, 2012-21 ($m)
- Bahrain project contract awards, July-December 2012-2021
- Bahrain Project Contract Awards By Number, 2012-21 ($m)
- Biggest Clients
- Biggest Contractors
- Top Projects
- Table Biggest projects under construction in Bahrain
- Future Pipeline
- Future Pipeline by Sector
- Top Future Projects
- Table Biggest planned and un-awarded projects in Bahrain
- Biggest Future Clients
- Bahrain contracts award forecast 2022-25
- Oil and Gas
- Oil and Gas Sector Overview
- Oil and Gas Sector Contract Awards by Year, 2012-21 ($m)
- Oil and Gas Sector Projects by Status
- Oil and Gas Projects Market by Subsector
- Oil and Gas Sector Contract Awards by Subsector, 2012-21 ($m)
- Oil and Gas Sector Biggest Clients
- Oil and Gas Sector Biggest Contractors
- Top Oil and Gas Sector Projects
- Table Biggest oil and gas projects under construction in Bahrain
- Un-awarded Oil and Gas Sector Contracts by Status
- Un-Awarded Oil and Gas Sector Projects by Subsector
- Top Oil and Gas Sector Future Projects
- Table Biggest planned and un-awarded oil and gas projects in Bahrain due in bidding stage
- Table Biggest planned and un-awarded oil and gas projects in Bahrain at design, FEED or study stage
- Biggest Oil and Gas Sector Future Clients
- Construction
- Construction Sector Overview
- Construction Sector Contract Awards by Year, 2012-21 ($m)
- Construction Sector Projects by Status
- Oil and Gas Projects Market by Subsector
- Construction Sector Contract Awards by Subsector, 2012-21 ($m)
- Construction Sector Biggest Clients
- Construction Sector Biggest Contractors
- Top Construction Sector Projects
- Table Biggest construction projects under construction in Bahrain
- Un-awarded Construction Sector Contracts by Status
- Un-Awarded Construction Sector Projects by Subsector
- Top Construction Sector Future Projects
- Table Biggest planned and un-awarded construction projects in Bahrain due in bidding stage
- Table Biggest planned and un-awarded construction projects in Bahrain at design, FEED or study stage
- Biggest Construction Sector Future Clients
- Transport
- Transport Sector Overview
- Transport Sector Contract Awards by Year, 2012-21 ($m)
- Transport Sector Projects by Status
- Transport Projects Market by Subsector
- Transport Sector Contract Awards by Subsector, 2012-21 ($m)
- Transport Sector Biggest Clients
- Transport Sector Biggest Contractors
- Top Transport Sector Projects
- Table Biggest transport projects under construction in Bahrain
- Un-awarded Transport Sector Contracts by Status
- Un-Awarded Transport Sector Projects by Subsector
- Top Transport Sector Future Projects
- Table Biggest planned and un-awarded transport projects in Bahrain due in bidding stage
- Table Biggest planned and un-awarded transport projects in Bahrain at design, FEED or study stage
- Biggest Transport Sector Future Clients
- Industrial
- Industrial Sector Overview
- Industrial Sector Contract Awards by Year, 2012-21 ($m)
- Industrial Sector Projects by Status
- Industrial Projects Market by Subsector
- Industrial Sector Contract Awards by Subsector, 2012-21 ($m)
- Un-awarded Industrial Sector Contracts by Status and Subsector
- Top Industrial Sector Future Projects
- Table Biggest planned and un-awarded Industrial projects in Bahrain due in bidding stage
- Table Biggest planned and un-awarded Industrial projects in Bahrain at design, FEED or study stage
- Biggest Industrial Sector Future Clients
- Power and Water
- Power and Water Sector Overview
- Power and Water Sector Contract Awards by Year, 2012-21 ($m)
- Power and Water Sector Projects by Status
- Power and Water Projects Market by Subsector
- Power and Water Sector Contract Awards by Subsector, 2012-21 ($m)
- Power and Water Sector Biggest Clients
- Power and Water Sector Biggest Contractors
- Top Power and Water Sector Projects
- Table Biggest power and water projects under construction in Bahrain
- Un-awarded Power and Water Sector Contracts by Status
- Un-Awarded Power and Water Sector Projects by Subsector
- Top Power and Water Sector Future Projects
- Table Biggest planned and un-awarded power and water projects in Bahrain due in bidding stage
- Table Biggest planned and un-awarded power and water projects in Bahrain at design, FEED or study stage
- Biggest Power and Water Sector Future Clients
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook