The Future of Construction in Bahrain to 2015: Political Stability to Decide the Course of the Industry
This growth had been fuelled by the countryâ€™s long term efforts to diversify its economy, efforts which have led to the emergence of Bahrain as the financial capital of the Middle East and have also led to many multi-national companies establishing their Middle Eastern bases in the country, attracted by favorable tax policies and the countryâ€™s strategic location in the center of the Gulf region. In order to further increase its attractiveness, the country also invested heavily in its infrastructure segment, investment that has helped Bahrain to attract increased numbers of tourists, mostly from neighboring Gulf countries.
These developments contributed to a robust construction industry prior to the onset of the global recession in 2008, which resulted in a liquidity crisis, decreased foreign investment and the cancellation or postponement of many construction projects. As a result of this early period of rapid growth followed by a contraction of 24.4% in 2009 and minimal growth in 2010, the Bahrain construction industry recorded an overall CAGR of 4.21% during the review period (2006 to 2010).
From 2011 to 2015, the industry is expected to record a CAGR of 7.76% due to growth in all markets as a result of the Bahrain Governmentâ€™s continued efforts to diversify its economy and major infrastructure projects such as the construction of the countryâ€™s first railway line.
Within the Bahraini construction industry, infrastructure construction was the largest market in 2010, with a share of 29.7%. In terms of growth, commercial construction was the fastest-growing market over the review period, with a CAGR of 5.51%. This was followed by infrastructure construction, with a CAGR of 4.94%.
â€œThe Future of Construction in Bahrain to 2015: Political Stability to Decide the Course of the Industryâ€ is an essential source of market size information, forecast data and analysis covering the Bahrain construction industry. It provides detailed analysis of both historic and forecast construction industry values at market and category level, analysis of the leading companies in the industry, and key news, in addition to a top-level overview and detailed market, category and company-specific insights into the operating environment for construction contractors. It is an essential tool for companies active across the Bahrain construction value chain and for new competitors considering entering the industry.
â€¢ Inform strategic business decisions using strong historic and forecast market sizing data
â€¢ Understand the demand-side dynamics affecting the Bahrain construction industry.
â€¢ Detailed market size, growth, segmentation and forecast data across five key industry categories provides all the essential information needed to assess market dynamics and identify new growth opportunities.
â€¢ Detailed profiles of major companies within the Bahrain construction market enable the reader to benchmark financial performance and assess business strategy against competitors.
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