Gabon Infrastructure Report

Published 01 July 2015

  • 74 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
$1,295.00
Gabon Infrastructure Report

BMI View: Despite lower oil prices the government announced its intention to continue to invest in infrastructure development. While the issuance of a eurobond may help this goal, given the incompatibility of these ambitious spending commitments with the new reality of low oil prices, we expect a reduction in planned government expenditure in coming years. As such, we forecast growth to slow after 2016 , although we remain positive over the 10 -year horizon.

The small size of Gabon's construction industry, combined with a number of large projects, should sustain growth over our five-year forecast period. However, growth will remain far below potential. Numerous problems that need to be overcome to secure investment, including improving flows of capital from the government into projects, addressing deep-rooted corruption and attracting private capital.

The government has already cut spending plans, indicating that capital investment is at risk of further cuts if the fiscal position deteriorates. We do not see significant improvements in growth until 2020 as oil prices start to recover. The construction sector does remain insulated to some extent from the expected capital shortfall by its rich mineral wealth, which continues to attract multinational investment.

The government's fiscal position is concerning, given that the main driving force behind construction sector growth in Gabon had been expected to be the government's USD25bn infrastructure masterplan, including USD14.1bn for transport infrastructure. The plan was formulated in cooperation with Bechtel, which was hired in 2010 to manage and advise the National Infrastructure Agency (l'Agence Nationale des Grands Travaux or ANGT). Bechtel is contracted to work on the programme through to 2016, with the potential to extend the contract. The plan includes 114 projects across the social and economic infrastructure sphere.

BMI Industry View
5
SWOT
6
Infrastructure SWOT
6
Industry Forecast
8
Construction And Infrastructure Forecast Scenario
8
Table: Construction And Infrastructure Industry Data (Gabon 2013-2018)
8
Table: Construction And Infrastructure Industry Data (Gabon 2019-2024)
8
Transport Infrastructure - Outlook And Overview
13
Table: West Africa - Major Transport Projects
20
Energy And Utilities Infrastructure - Outlook And Overview
27
Table: West Africa - Major Energy And Utilities Projects
34
Residential/Non-Residential Building - Outlook And Overview
40
Table: Residential/Non-Residential Major Projects
43
Industry Risk Reward Ratings
46
Gabon - Infrastructure Risk/Reward Index
46
Rewards
46
Risks
46
SSA Infrastructure Challenged By Global Headwinds
48
Table: Election Timetable, April-December 2015
54
Table: Sub-Saharan Africa's Infrastructure Risk/Reward Index, Q315
55
Market Overview
56
Competitive Landscape
56
Table: Number Of Contractors In West Africa, By Domicile, 2011
56
Table: West Africa: Recent/Planned Eurobonds
61
Global Industry Overview
63
Project Risk Index: Robust Financing Establishes Outperformer Status
63
Table: Project Risk Index - Top 10 Markets
63
Table: Project Risk Index - Financing Risk, SSA Top 5
64
Table: Project Risk Index - Construction Risk, Asia-Pacific Top 5
65
Table: Project Risk Index - Operation Risk, Developed Markets Top 5
66
Methodology
67
Industry Forecast Methodology
67
Sector-Specific Methodology
68
Risk/Reward Index Methodology
72
Sector-Specific Methodology
73
Table: Infrastructure Risk/Reward Index Indicators
73
Table: Weighting Of Indicators
74

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.

Key Benefits

  • 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).

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 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.

Market Overview

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.

Company Profiles*

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.

Sources

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.

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