Boston, MA -- (SBWire) -- 11/18/2014 --Saudi Arabia has emerged as one of our choice markets for both scale and growth opportunities over our 10 year forecast period to 2023. We see 2015 being a bumper year of real growth at 10.5% year-on-year, with average growth over the forecast period at 8.7%. We forecast strong growth across all sectors over the medium term; the residential and non-residential sectors especially will drive growth over the long-term - specifically the industrial construction sector.
Key Trends informing BMI's View:
- The security situations in both Iraq and Yemen have deteriorated heavily in recent months. Not only does this raise the chance that a Saudi military intervention in either state will occur - raising regional tension and making an attack within Saudi Arabia by AQAP or IS even more likely - but may also drain attention and funding away from major infrastructure projects.
- We forecast that the transport sector will grow in real terms by 7.7% in 2015. With many of the major projects under development being awarded over the past four years - the majority of which will reach completion by 2018. As such we are forecasting a slowdown in the sector - although the rail sector will continue to keep growth elevated.
- We are forecasting a bounce back in 2015 in the residential and non-residential sector, with 9.9% real growth and then for the sector to average 7.6% up to 2021.
- Owing to heavy capital investment into the energy and utilities sector, it will be the outperforming infrastructure segment over our forecast period in terms of growth. We forecast that following three years of strong project awards, the coming four years will see the energy and utilities sector grow particularly strongly. Average growth between 2014 and 2018 will stand at 11.8% in real terms. As this new capacity comes online by 2018, we expect a slowdown in real growth in the sector, although we note that investment will likely pick up again as Saudi Arabia aims to achieve its goal...
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The Saudi Arabia Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.
BMI's Saudi Arabia Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Saudi infrastructure and construction industry.
Key Benefits
- Benchmark BMI's independent infrastructure industry forecasts for Saudi Arabia to test other views - a key input for successful budgetary and planning in the Saudi infrastructure market.
- Target business opportunities and risks in the Saudi infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Saudi Arabia.
- Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).
Coverage
BMI Industry View
Summary of BMI's key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant multinational and national company developments.
These are broken down into Construction (social, commercial and residential), Transport (roads, railways, ports, airports etc), and Energy & Utilities (powerplants, renewable projects, pipelines and so on).
Industry Trends
Analysis of latest projects across the infrastructure sector (covering the transport, utilities and commercial construction sub-sectors) - including:
Market Overview:Analysis of the key elements driving developments, including evaluations of current capacity and future requirements.
Building Materials Overview
The building materials overview provides industry trend analysis on the global and regional demands for building materials and the impact of this on the emerging and developed markets.
Business Environment Rankings
BMI's Infrastructure Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors (construction companies, suppliers and partners) in the regional infrastructure market.
The rankings methodology makes sophisticated use of over 40 industry, economic and demographic data point.
Industry SWOT Analysis
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Market Report, "Saudi Arabia Infrastructure Report Q1 2015", Published
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