Bahrain Infrastructure Report 2015 - Business Monitor International - Industry Reports

Bahrain Infrastructure Report 2015

Bahrain Infrastructure Report 2015 - Business Monitor International - Industry Reports
Bahrain Infrastructure Report 2015
Published Nov 22, 2014
56 pages — Published Nov 22, 2014
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

BMI View: We forecast that up to ----, real growth in Bahrain s construction industry will average -.- , buoyed by government investment in infrastructure and social housing. While this is an improved outlook on a year ago, there is no end in sight to Bahrain s protracted political crisis and we see little chance of a rapid construction industry recovery. ...As a major driver of real estate investment in Manama, the failure of Bahrain to regain its status will drag on demand for major new office space and high-end residential building. In light of subdued private sector activity, investment will remain primarily government-driven and is likely to focus predominantly around a number of large-scale industrial projects, including the USD-.-bn expansion and modernisation of state-run Bahrain Petroleum s refinery; a new USD-.-bn production line at Aluminium Bahrain; a USD-.-bn expansion by Gulf Petrochemical Industries; and plans to expand Bahrain International Airport. Technical studies are now underway for the USD-bn second causeway between Saudi Arabia and Bahrain. ...In light of subdued private sector activity, investment will remain primarily government-driven and is likely to focus predominantly around a number of large-scale industrial projects, including the USD-.-bn expansion and modernisation of state-run Bahrain Petroleum s refinery; a new USD-.-bn production line at Aluminium Bahrain; a USD-.-bn expansion by Gulf Petrochemical Industries; and plans to expand Bahrain International Airport. Technical studies are now underway for the USD-bn second causeway between Saudi Arabia and Bahrain.

...Firstly, it is unclear how much of the money pledged by the other members of the GCC will reach Bahrain, especially given the growing tensions within the grouping. ...Bahrain s political impasse - a situation we see persisting over the year - has adversely affected the country s investment profile (see End To Political Impasse Looking Ever More Distant , January --). Despite the signs of improved business activity outlined above, we expect the country s political instability and a lack of policy clarity to continue to negatively influence investment sentiment throughout H--- and ----. Bahrain s Shi a-led opposition groups have announced plans to boycott the upcoming parliamentary elections scheduled for November ----, stating that the vote was an attempt to establish absolute rule in Bahrain . ...In conventional banking, Abu Dhabi, Qatar and Saudi Arabia are gradually eroding the status of Dubai and Bahrain. As a major driver of real estate investment in Manama, the failure of Bahrain to regain its status will drag on demand for major new office space and high-end residential building.

...USD--bn ---year fund pledged by the Gulf Cooperation Council (GCC) for the country in ----. USD-.-bn will be allocated to housing construction over -------, while the remaining half will be channelled towards the water and power sectors. Over H--- there have been a number of major project announcements that support our outlook. In the residential and non-residential sector, following the ban of off-plan sales which should provide more long- term and sustainable growth, building and civil engineering contractor Nass Contracting secured the construction contract for Phase - of Dragon City retail development, while UAE developer Kerzner International Holdings signed a deal to develop and operate a resort in Seef. In the infrastructure segment, the Ministry of Transport in Bahrain has invited contractors to prequalify for a tender to modernise the Bahrain International Airport and technical studies are now underway for the ...

  
Source:
Document ID
1752-7821
Country
Industry
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Bahrain Infrastructure Report 2015" Nov 22, 2014. Alacra Store. Dec 06, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Bahrain-Infrastructure-Report-2015-2026-649>
  
APA:
Business Monitor International - Industry Reports. (2014). Bahrain Infrastructure Report 2015 Nov 22, 2014. New York, NY: Alacra Store. Retrieved Dec 06, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Bahrain-Infrastructure-Report-2015-2026-649>
  
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