PRLog (Press Release) – May 14, 2011 – Reconstruction in Iraq is providing considerable contract opportunities and creating substantial added value for the construction sector. Infrastructure continues to be a priority investment area for the government, especially as protests against the poor provision of services have become more widespread over recent months, stimulated in part by the wave of protests across the Middle East and North Africa. Addressing core concerns including electricity shortages, scarcity of housing and insufficient transport links is a priority. Indeed, in order for the economy to return to some semblance of normality, core infrastructure needs to be in place. As a result, a number of contracts have been awarded in these sectors over the past 12 months.
Key sectors to watch:
* Transport: Transport is slowly emerging as the sector which is receiving the grea rc helicopter market place test attention, even though electricity has taken priority in recent years. In January 2011, Alstom signed an outline agreement for the construction of a 25km elevated metro line in Baghdad. In February 2011, it was announced that the contract for construction of the Al Faw port would be released by the end of 2011. It is hoped the US$6.3bn project will be completed by 2013. At the same time, a tender for a new international airport to serve the provinces of Kerbala, Najaf and Hilla is due to be released in October 2011. * Electricity: A shortage of electricity continues to be a major cause of unrest and a substantial barrier to growth. The ambitious new target of generating 27,000MW of electricity by 2013 appears unlikely to be met; however, investment is filtering through to the sector, with projects tendered and contracts awarded for the installation of turbines. * Housing: Huge housing projects have been announced over recent months. A scarcity of housing is another major issue which has provoked popular unrest. In response around 2mn housing units are to be built in the country over the next four years, with the government committing large funds to achieving this. The sector has seen a number of regional construction companies - especially those from the GCC - enter the country. Multi-billion dollar projects have been announced in both Kurdistan and the rest of Iraq. Most recently, Turkey's Ayyildizlar Construction announced it would build 62,000 houses in Arbil, the capital of Kurdistan
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The growing focus on infrastructure in Iraq will continue to present substantial opportunities for those construction companies willing to price in the sizeable risks and enter the market. A lack of capacity and expertise among local construction companies has the led the government to call for international participation in rebuilding Iraq's infrastructure.
With social and economic infrastructure formi trash bins ng a significant portion of the government's investments, we expect strong growth to continue over the medium term. In 2011, growth of 15% is expected, as a result of contracts awarded. Owing to the substantial project pipeline, real growth is forecast to average 9% between 2012 and 2015.
Partial Table of Contents:
SWOT Analysis - Iraq Infrastructure SWOT - Iraq Project Finance SWOT - Iraq Economic SWOT - Iraq Political SWOT Market Overview Building Materials - Global Materials - Building Materials: Global Demand to Hit New Highs In 2011 - Asia to accelerate in 2011 - Table: World's top steel producing countries (million metric tonnes - mmt) - Middle East Overview - Key Markets To Bolster Building Materials Demand In 2011 Industry Forecast Scenario - Table: Iraq Construction And Infrastructure Industry Data - Table: Iraq Construction And Infrastructure Industry Data - Construction And Infrastructure Forecast Scenario Transport Infrastructure - Transport Infrastructure Overview - Table: Operational Iraqi Ports - Major Projects Table - Transport - Table: Major Infrastructure Projects - Transport Energy And Utilities Infrastructure - Energy And Utilities Infrastructure Overview - Major Projects Table - Energy And Utilities - Table: Major Infrastructure Projects - Energy & Utilities Residential/Non- Residential Construction and Social Infrastructure - Residential/Non-Residential Construction and Social Infrastructure Overview - Major Projects Table - Residential/Non- Residential Construction and Social Infrastructure - Table: Major Infrastructure Projects - Residential/Non-Residential Construction and Social Infrastructure Business Environment - Iraq Business Environment - Rewards - Risks - Regional Overview - Middle East Infrastructure Business Environment Ratings - Table: Regional Infrastructure Business Environment Ratings Project Finance Ratings - Iraq Project Finance Ratings - Design And Construction - Commissioning And Operating - Overall Project Finance Rating - Regional Overview - Project Finance Ratings: Outlook For Middle East& helicop ter technology #13; - Table: Design And Construction Rating - Table: Commissioning And Operating Rating - Table: Overall Project Finance Rating Macroeconomic Outlook - Table: Iraq - Economic Activity Political Outlook - Domestic Politics - Long-Term Political Outlook Company Monitor - URUK Engineering Global Overview - Table: BMI's Core Views For Global Infrastructure Methodology -
Full Table of Contents is available at: -- http://www.fastmr.com/catalog/product.aspx?productid=152 ...
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