Iraq Infrastructure Report

Providing expert analysis, independent forecasts and competitive intelligence on the Infrastructure industry.

Report includes: BMI Industry View, Industry SWOT Analysis, BMI Industry Forecast, BMI's Infrastructure Risk Reward Index, Market Overview and Company Profiles.

Why you should buy this report

  • Gain independent insight into the outlook for the infrastructure industry through BMI's 10 year forecasts
  • Understand the market through analysis of projects , investment plans and key players
  • Understand the threats to your operations and investments and protect your company against future risks
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Iraq Infrastructure Report
Product Price
$1,295.00

BMI View : The dire security situation and weak government spending capabilities will deter investment into Iraq's construction sector in the medium term . On a positive note, the country is actively seeking FDI into its hydrocarbons industry and gas pipeline infrastructure . Meanwhile, the project pipeline remains swollen with large developments, but the investment and operating environment make it challenging to conduct business .

Latest Updates And Structural Trends

  • Security and macroeconomic headwinds facing the industry are still firmly in play. Our short-term view remains unchanged, with growth in 2016 forecast of 3.3%, after several years of severe contraction.

  • Long-term growth of a forecast 4.7% annually to 2025 is far below the country's potential, given the need for major reconstruction after years of war.

  • If Iraq can secure FDI for oil projects in the southern fields and for regional pipelines, then much-needed oil production gains and increased exports could be achieved in the medium term.

  • Iraq has at least USD90bn of construction and infrastructure projects either in planning or in development in our Key Projects Database, allocated to more than 100 projects across all sectors - transport, social infrastructure, residential and non-residential building, and power.

Infrastructure - Construction Industry Forecasts (Iraq 2015-2021)
2015 2016f 2017f 2018f 2019f 2020f 2021f
f = BMI forecast. Source: National sources, BMI
Construction industry value, IQDbn 19,085.06 21,143.36 24,037.21 26,585.16 29,634.48 32,956.50 36,594.90
Construction Industry Value, Real Growth, % y-o-y -8.75 3.28 3.69 4.10 6.47 6.21 6.04
Construction Industry Value, % of GDP 7.1 7.0 7.1 7.1 7.2 7.3 7.5

Risk/Reward Index

  • We have significantly revised downwards our BMI Infrastructure Risk/Reward Index (RRI) for Iraq over the past year - from 49.3 to 41.1 - largely due to deteriorating Industry Reward and Country Risk scores.

  • Our view of Industry Rewards has deteriorated significantly due to a poor outlook for capital investment and sector growth.

  • A future bright spot, however, is an approved anti-corruption bill, which we believe will help Iraq's Prime Minister Haider al-Abadi reduce corruption, reshape Iraq's political system and strengthen his power.

Infrastructure Risk Reward Index (Iraq 2016-2016)
Risk/Reward Index Rewards Industry Rewards Country Rewards Risks Industry Risks Country Risks
Source: BMI
41.1 43.1 45.0 39.7 36.2 32.5 38.6
BMI Industry View
7
Latest Updates
7
Table: Infrastructure - Construction Industry Forecasts (Iraq 2014-2020)
7
Risk/Reward Index
8
Table: Infrastructure Risk Reward Index (Iraq 2015-2015)
8
SWOT
9
Infrastructure SWOT
9
Industry Forecast
11
Construction And Infrastructure Forecast Scenario
11
Construction And Infrastructure Forecast Scenario
11
Latest Updates
11
Table: Construction And Infrastructure Industry Data (Iraq 2014-2024)
12
Table: Iraq's Long-Term Scenarios
17
Transport Infrastructure - Outlook And Overview
21
Industry Forecast Scenario
21
Latest Updates
21
Structural Trends
21
Table: Major Projects - Transport
28
Energy And Utilities Infrastructure - Outlook And Overview
30
Industry Forecast Scenario
30
Latest Updates
30
Structural Trends
30
Table: Iraq Electricity Consumption 2013
32
Table: Top Five Major Projects - Energy and Utilities
37
Residential/Non-Residential Building - Outlook And Overview
38
Industry Forecast Scenario
38
Latest Updates
38
Structural Trends
38
Table: Major Projects - Residential/Non-Residential Construction And Social Infrastructure
44
Industry Risk Reward Ratings
45
Iraq - Infrastructure Risk/Reward Ratings
45
Middle East- MENA Infrastructure RRI: Old Risks, New Rewards
47
Table: MENA RRI Table
51
Market Overview
52
Competitive Landscape
52
Table: Key Company Financial Data
52
Methodology
55
Industry Forecast Methodology
55
Sector-Specific Methodology
56
Risk/Reward Index Methodology
60
Sector-Specific Methodology
61
Table: Infrastructure Risk/Reward Index Indicators
61
Table: Weighting Of Indicators
62

The Iraq 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 Iraq Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Iraqi infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for Iraq to test other views - a key input for successful budgetary and planning in the Iraqi infrastructure market.
  • Target business opportunities and risks in the Iraqi infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Iraq.
  • 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.