Libya's construction sector is forecast to grow at 12% y-o-y in 2016 and average 4.9% over our 10-year forecast period. A degree of stability has been restored to the industry following a severe contraction in 2015, though investors will remain cautious in entering or re-entering the market owing to political instability and widespread violence. Upgrades to transport infrastructure and construction of water utility plants will drive growth over the short term.
Key Forecasts And Themes:
- The report forecast 12% real growth over 2016, 5.6% over the next five years and 4.9% over our full 10-year forecast period. The spike in growth in 2016 is owing to base effects, following the contraction of the industry by 25% in 2015.
- The government will struggle to fund key infrastructure development owing to a widening fiscal deficit and decline in revenues from oil. Foreign investors continue to be deterred by political instability and the high security risk across the country.
- Growth will stem mainly from activity in the transport and energy and utilities sectors. The outlook for the residential and non-residential sectors remains grim.
Table: InfrastructureConstruction Industry Forecasts (Libya 2014-2020)
Table: LIBYA INFRASTRUCTURE RISK/REWARD INDEX
ConstructionInfrastructure Forecast Scenario
Latest UpdatesKey Issues
Table: Construction And Infrastructure Industry Data (Libya 2015-2025)
Transport InfrastructureOutlook And Overview
Table: Major Projects TableTransport Infrastructure
EnergyUtilities InfrastructureOutlook And Overview
Table: Major Projects TableEnergyUtilities Infrastructure
Residential/NonResidential BuildingOutlook And Overview
Table: Major Projects TableResidentialNon-Residential Construction
Industry Risk Reward Ratings
Middle East- MENA Infrastructure RRI: Old Risks, New Rewards
Table: MENA RRI Table
LibyaInfrastructure Risk/Reward Index
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Infrastructure Risk/Reward Index Indicators
Table: Weighting Of Indicators