Gabon Infrastructure Report

Published 25 February 2015

  • 75 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: Mounting fiscal pressure is undermining the government's ambitious investment plans, while lower growth prospects have dissuaded investors from committing funds to new infrastructure projects. A combination of falling oil revenues, from lower production and prices and higher social spending has pushed the government's fiscal balance into deficit, with infrastructure investment likely to be hit. We have reduced our infrastructure growth forecasts, although we remain positive over the five-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 by 12%, indicating that capital investment is at risk of further cuts if the fiscal position deteriorates. Indeed, 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.

Recent developments...

Table of Contents

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
14
Table: West Africa - Major Transport Projects
21
Energy And Utilities Infrastructure - Outlook And Overview
27
Table: West Africa - Major Energy And Utilities Projects
34
Residential/Non-Residential Building - Outlook And Overview
39
Table: Residential/Non-Residential Major Projects
41
Industry Risk Reward Ratings
46
Gabon - Infrastructure Risk/Reward Index
46
Rewards
46
Risks
47
Sub-Saharan Africa - Infrastructure Risk/Reward Index
48
Table: Election Timetable, 2015
51
Table: Sub-Saharan Africa's Infrastructure Risk/Reward Index, Q215
54
Market Overview
55
Competitive Landscape
55
Table: Number Of Contractors In West Africa, By Domicile, 2011
55
Table: West Africa: Recent/Planned Eurobonds
60
Global Industry Overview
62
Industry Trend Analysis
62
Table: Multilaterals And Development Bank Infrastructure Support Programmes
66
Methodology
68
Industry Forecast Methodology
68
Sector-Specific Methodology
69
Risk/Reward Index Methodology
73
Sector-Specific Methodology
74
Table: Infrastructure Risk/Reward Index Indicators
74
Table: Weighting Of Indicators
75

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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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc