DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Construction in Bahrain Key Trends and Opportunities to 2021" report to their offering.
In real terms, the Bahraini construction industry's output grew by 6.4% in 2016, following an average annual growth of 5.2% during the preceding four years. This increase can be attributed to favorable macroeconomic conditions, improvements in business confidence and consumer demand, and public and private sector investment in infrastructure and residential construction projects, leading to an increase in demand for the Bahraini construction industry. Consequently, in real terms, the construction industry's contribution to the country's GDP increased from 6.7% in 2012 to 7.0% in 2015.
The construction industry is expected to continue to expand over the forecast period (2017-2021), with investments in infrastructure, residential and energy projects continuing to drive growth.
The focus on the development of transport infrastructure and the construction of affordable housing units will be key growth drivers. The industry growth will also be driven by the Bahrain Economic Vision 2030, under which the government aims to diversify the country's economy away from oil and support economic growth.
The industry's output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 5.01% over the forecast period, compared to 5.73% during the review period (2012-2016).
Low oil prices are expected to undermine growth prospects during the early part of the forecast period. However, the government's early efforts to diversify the economy away from oil by focusing on non-oil sectors will create growth opportunities for the construction industry.
Key Topics Covered:
1 Executive Summary
2 Industry Outlook
3 Key Issues and Developments
4 Market Data Analysis
5 Company Profile: Nass Corporation BSC
6 Company Profile: Ahmed Mansoor Al A'ali Group of Companies
7 Company Profile: Poullaides Construction Company WLL
8 Company Profile: Arabian Dredging Company WLL
9 Company Profile: OAK Utility Solutions and Development WLL
For more information about this report visit http://www.researchandmarkets.com/research/q7fln4/construction_in