Algeria Construction Market Analysis, Trends and Forecast Report 2022-2026: Outlook, Project Analytics, Latest News and Developments - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Algeria Construction Market Size, Trends and Forecast by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Construction, 2022-2026" report has been added to ResearchAndMarkets.com's offering.

The construction industry in Algeria is expected to grow by 4.8% this year, up from the estimated growth of 4.5% in 2021, owing to continued recovery in economic and construction industry, coupled with the investments transportation infrastructure and housing in 2022.

The construction industry's value add at chained prices increased by 8.9% in the first two quarters of 2021, compared to a decline of 9.4% during the same period of 2020, according to the National Statistics Office (NSO). However, a major downside risk to growth in the short term is that of new restrictions being imposed to contain Coronavirus (COVID-19) infections - particularly the new Omicron variant, which accounted for more than 60% of daily cases as of January 26th, 2022

The industry's growth will be aided by spending plans under the 2022 Budget and a new complementary program for the development of the Khenchela region. In the 2022 Budget, the government allocated DZD107.3 billion ($781.8 million) to the Ministry of Public Works, which includes DZD106.6 billion ($776.7 million) for road infrastructure and DZD425 million ($3.1 million) for airport infrastructure, as well as the completion of building of 60,000 housing units and 15,000 rental-purchase housing units by 2022.

As part of the President of Algeria's development plan, the government announced a financial framework of DZD113 billion ($823.3 million) in December 2021 for the execution of the supplemental program development in the wilaya of Khenchela region.

This program includes DZD59 billion ($429.9 million) for new operations, DZD52.8 billion ($384.4 million) for unfrozen activities and DZD1.5 billion ($11.2 million) for program restructuring activities, with a focus on priority projects in the following sectors: public works, transportation, water resources, industry, health, housing, tourism, energy, culture and sports.

The publisher expects the industry to register an average annual growth of 4.3% between 2023-2026, supported by the government's aim to expand renewable energy resources by attracting investments in energy infrastructure projects. In January 2022, Sonatrach, Algeria's state-owned oil and gas company, announced a strategy to invest DZD6 trillion ($40 billion) between 2022 and 2026 in oil exploration, production and refining, as well as gas exploration and extraction, with DZD1.2 trillion ($8 billion) to be committed in 2022, with the support of international partners.

In October 2021, Algeria became the 73rd shareholder in European Bank for Reconstruction and Development (EBRD), which in turn boosted additional supports to the country's infrastructure developments.

Scope

• Historical (2017-2021) and forecast (2022-2026) valuations of the construction industry in Algeria, 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 the publisher'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 the publisher's critical and actionable insight
• Assess business risks, including cost, regulatory and competitive pressures
• Evaluate competitive risk and success factors

Key Topics Covered:

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
• Construction Projects Momentum Index

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

For more information about this report visit https://www.researchandmarkets.com/r/7vomin