Project Insight: Industrial Construction Projects - Middle East and Africa
Summary
Construction Intelligence Center (CIC) is currently tracking industrial related construction projects in the Middle East and Africa with a total value of US$462.8 billion. Of this, US$201.7 billion is in the execution stage and US$116.5 billion is in the planning stage. Saudi Arabia, leads with projects valued at US$80.4 billion, followed by Oman with a project value of US$50.9 billion. In order of the projects’ value, the top ten countries are Saudi Arabia, Oman, Iran, Nigeria, South Africa, the UAE, Guinea, Algeria, Egypt and Tanzania. The highest value project tracked by the CIC in the region is the US$25.0 billion Ras Al Khair Minerals Industrial City in Saudi Arabia followed by the US$20.0 billion Simandou Iron Ore Mine Development in Guinea.
The Middle East and Africa (MEA) region is a diverse area encompassing the oil-rich GCC countries of the Middle East and the developing commodity-rich countries of sub-Saharan Africa. Available data for the Middle East and North Africa (MENA) area for 2019 suggests that regional growth will likely experience a slowdown in the coming months. Saudi Arabia is moving away from an oil-based economy, and is investing in industrial production facilities, as formulated in the National Transformation Program (NTP) and Saudi Vision 2030. New cities are being developed with special economic zones, which are designed to attract foreign investment. According to the International Monetary Fund (IMF), the sub-Saharan area is expected to increase its economic growth from 2.9% in 2018 to 3.5% in 2019, and 3.6% in 2020. There are countries with stronger growth projections, with over one-third of sub-Saharan economies expected to grow above 5% in 2019-2020.
Key Highlights
Scope
Reasons to Buy
Summary
Construction Intelligence Center (CIC) is currently tracking industrial related construction projects in the Middle East and Africa with a total value of US$462.8 billion. Of this, US$201.7 billion is in the execution stage and US$116.5 billion is in the planning stage. Saudi Arabia, leads with projects valued at US$80.4 billion, followed by Oman with a project value of US$50.9 billion. In order of the projects’ value, the top ten countries are Saudi Arabia, Oman, Iran, Nigeria, South Africa, the UAE, Guinea, Algeria, Egypt and Tanzania. The highest value project tracked by the CIC in the region is the US$25.0 billion Ras Al Khair Minerals Industrial City in Saudi Arabia followed by the US$20.0 billion Simandou Iron Ore Mine Development in Guinea.
The Middle East and Africa (MEA) region is a diverse area encompassing the oil-rich GCC countries of the Middle East and the developing commodity-rich countries of sub-Saharan Africa. Available data for the Middle East and North Africa (MENA) area for 2019 suggests that regional growth will likely experience a slowdown in the coming months. Saudi Arabia is moving away from an oil-based economy, and is investing in industrial production facilities, as formulated in the National Transformation Program (NTP) and Saudi Vision 2030. New cities are being developed with special economic zones, which are designed to attract foreign investment. According to the International Monetary Fund (IMF), the sub-Saharan area is expected to increase its economic growth from 2.9% in 2018 to 3.5% in 2019, and 3.6% in 2020. There are countries with stronger growth projections, with over one-third of sub-Saharan economies expected to grow above 5% in 2019-2020.
Key Highlights
- The total pipeline of projects is valued at US$462.8 billion with US$28.4 billion being spent in 2019 and US$21.8 billion in 2021.
- The highest value of projects are at the execution stage with a total value of US$201.7 billion, followed by projects in planning with US$116.5 billion.
- Projects that are in the pre-planning stage total US$72.5 billion, while those in the pre-execution stage have a value of US$72.1 billion.
- Assuming all projects in the current pipeline proceed as planned, spending will reach US$93.5 billion in 2020 and fall to US$23.4 billion in 2023. The highest value of project completions will be in 2020, with a value of US$101.0 billion.
- The top contractors in the region are Daelim Corp based in South Korea and Bechtel Corporation based in the US. The top engineers are Dar Al Riyadh Consultants based in Saudi Arabia and Fluor Corp based in the US.
Scope
- The report provides analysis based on CIC projects showing total project values for the Middle East and Africa and analysis by stage and funding for the top ten countries.
- The top 50 projects are listed for the region giving country, stage, value of industrial construction.
- Ranked listings of the key operators for the sector are also provided showing the leading contractors, consulting engineers and project owners.
- Country profiles are provided for the top 10 countries including Saudi Arabia, Oman and Iran.
- The value is also provided for six types of industrial project by stage.
Reasons to Buy
- Gain insight into the development of the industrial construction sector.
- Assess all major projects by value, start date, scope and stage of development for the region and top 10 countries to support business development activities.
- Plan campaigns by country based on specific project opportunities and align resources to the most attractive markets.
Table of Contents
1. OVERVIEW
2. PROJECT ANALYTICS BY COUNTRY
3. ABOUT THE AUTHOR
List of Tables
List of Figures
