BMI View : The Ivorian construction industry will remain on a positive growth trajectory between 2017 and 2025 as the government works to improve its transport logistics network and inadequate power supply. Private funding flows will also support the growth of the sector as the country ' s entrenches its status as an attractive investment destination in West Africa.
Forecast & Industry Developments
We continue to forecast robust real growth 7.6% in 2017 as the government continues to direct significant funding towards transport and power infrastructure projects, given their role in supporting the country's overall economic trajectory.
Support for the industry will also stem from the private sector and international debt market, particularly as Cote d'Ivoire remains an attractive investment destination relative to its West African peers, with a currency peg to the Western franc having kept economic growth stable and the current administration's commitment to pro-business reforms. The market's reputation has been further boosted to the June 2016 decision by the US to remove the country from its sanctions list.Over our 10-year forecast period up to 2025 we are forecasting annual average growth of 6.0% in real terms. Nominal industry value is projected to reach USD1.6bn, keeping the construction market as one of the smallest in Sub-Saharan Africa (SSA).
|f = BMI forecast. Source: BMI|
|Construction industry value, XOFbn||546.10||600.87||653.75||708.67||763.23|
|Construction Industry Value, Real Growth, % y-o-y||7.60||7.53||6.30||5.90||5.20|
|Construction Industry Value, % of GDP||2.3||2.2||2.2||2.2||2.1|
Risk/Reward Ind ices
Cote d'Ivoire scores 33.2 out of 100 in our Infrastructure Risk/Reward Index for SSA, below the regional average of 39.0 and in 14th place out of 18 markets.
The market posts its strongest performance in the Industry Risks pillar, owing to improvements in the transparency of the tendering process and efforts towards harnessing the public-private partnership model. Having said this, the competitive landscape is currently dominated by French companies pulling on cultural ties and Chinese firms.
|Risk/Reward Index||Rewards||Industry Rewards||Country Rewards||Risks||Industry Risks||Country Risks|
The Cote d'Ivoire Infrastructure Report features BMI Research'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 Cote d'Ivoire Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Ivorian infrastructure and construction industry.
- Benchmark BMI's independent infrastructure industry forecasts for Cote d`Ivoire to test other views - a key input for successful budgetary and planning in the Ivorian infrastructure market.
- Target business opportunities and risks in the Ivorian infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Cote d`Ivoire.
- Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).
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 national and multinational company developments. These are broken down into construction (social, commercial and residential), transport (roads, railways, ports, airports, etc), and energy & utilities (powerplants, pipelines and so on).
Industry SWOT Analysis
Analysis of the major strengths, weaknesses, opportunities and threats within the infrastructure and construction sectors and within the broader political, economic and business environment.
BMI Industry Forecasts
Historic data series (up to 2012) and forecasts to end-2024 for all key industry indicators, supported by explicit assumptions, plus analysis of key developments in the market and risks to the main forecasts. Indicators include:
Construction: Industry value (USDbn); contribution to GDP (%); total capital investment (USDbn); real growth (%).
Construction industry real growth forecasts (%) and industry value (USDbn) forecasts for industry sectors are split into Residential and Non-residential and Infrastructure sectors. Where the data is available for particular countries the infrastructure is further broken down into indicators for the transport subsectors of roads, railways, airports and ports and the energy and utilities sub-sectors of power plants and transmission grids, oil & gas pipelines and water infrastructure. This dataset is unique to the market.
The reports also include analysis of latest projects across the infrastructure sectors (transport, utilities, commercial construction).
BMI’s Infrastructure Risk Reward Index
BMI’s Risk Reward Index provides investors (construction companies, suppliers and partners) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points. These provide indices of highest to lowest appeal to investors, with each position explained.
An assessment of the competitive landscape and key challenges to entering the market. Details of the largest companies active in the sector across the sub-segments of the industry, including the key financial figures from some of the largest players in the sector.
Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.
The Infrastructure reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.
*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.