BMI View : Developments in the oil and gas industry as well as improvements to road infrastructure will see the sector record moderate growth between 2016 - 2025. H owever, the government will struggle to realise its ambitious infrastructure aims given limited revenue and a persistent fiscal defici t. S ignificant foreign direct investment is therefore needed to boost construction industry growth.
Latest Updates A nd Structural Trends
We are maintaining our forecasts for Gabon's construction industry to record 5.6% annual growth in 2016 and average annual growth of 5.2% over our 10-year forecast period.
Government spending on infrastructure has been cut in recent years as revenues decline in line with low oil prices, the country's main source of revenue.
The relatively stable political climate will ease investor sentiment, which is vital given the foreign investment needed for Gabon to develop its infrastructure.
|f = BMI forecast. Source: United Nations Statistics Division|
|Construction industry value, XAFbn||736.55||782.22||837.75||896.40||968.11|
|Construction Industry Value, Real Growth, % y-o-y||5.62||3.70||4.10||4.00||5.00|
|Construction Industry Value, % of GDP||7.4||7.5||7.5||7.5||7.7|
Risk/Reward Ind ex
Gabon remains in 15th place out of 16 countries in our SSA Risk/Reward Index, with an overall score of 30.5 out of 100.
The government is keen to embark on an ambitious infrastructure spending programme, but lower oil revenues mean expenditure for the sector will be reduced.
While President Ali Bongo Ondimba's economic plans have been hampered by an opaque business environment, we believe he will continue to enact reforms designed to increase transparency and accountability within the government.
|Risk/Reward Index||Rewards||Industry Rewards||Country Rewards||Risks||Industry Risks||Country Risks|
The Gabon 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 Gabon Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Gabonese infrastructure and construction industry.
- Benchmark BMI's independent infrastructure industry forecasts for Gabon to test other views - a key input for successful budgetary and planning in the Gabonese infrastructure market.
- Target business opportunities and risks in the Gabonese infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Gabon.
- 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.