Construction in Belarus - Key Trends and Opportunities to 2025

Summary

Despite the impact of the Coronavirus (COVID-19) pandemic, the Belarusian construction industry expanded by 2% in real terms in 2020, with the industry's output value increasing from US$7.3 billion in 2019 to US$7.5 billion in 2020; this was preceded by an average annual growth rate of 3.7% during the preceding two years.

The publisher expects the construction industry in Belarus to grow by 3.6% in 2021, and to then expand at an annual average rate of 3% between 2022 and 2025. Over the forecast period, the industry's performance is expected to be supported by the government's plans to invest in the country's infrastructure under the National Infrastructure Plan for 2016-2030. The plan entails an investment of BRY18.6 billion (US$8.3 billion) in housing and utilities infrastructure, BRY18 billion (US$8 billion) in transport infrastructure and BRY2.9 billion (US$1.3 billion) in energy infrastructure over the next four years.

To support the economy and achieve the government's sustainable growth target of 4-5%, in late 2020 the government announced plans for a capital investment worth BRY34 billion (US$15.1 billion) in 2021. Of the total, BRY10 billion (US$4.4 billion) will be invested in the construction of housing, social facilities and infrastructure.

According to the National Statistical Committee of the Republic of Belarus (Belstat), the country received foreign investment worth BRY14.4 billion (US$6.4 billion) in the first nine months of the year, of which BRY279.7 million (US$124.4 million) was invested in the construction sector and BRY185.9 million (US$82.6 million) was in real estate activities.

This report provides detailed market analysis, information and insights into the Belarusian construction industry, including -

• The Belarusian construction industry's growth prospects by market, project type and construction activity
• Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Belarusian construction industry
• Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope

This report provides a comprehensive analysis of the construction industry in Belarus. It provides -

• Historical (2016-2020) and forecast (2021-2025) valuations of the construction industry in Belarus, featuring details of key growth drivers.
• Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
• Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
• Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy

• Identify and evaluate market opportunities using the publisher's standardized valuation and forecasting methodologies.
• Assess market growth potential at a micro-level with over 600 time-series data forecasts.
• Understand the latest industry and market trends.
• Formulate and validate strategy using the publisher's critical and actionable insight.
• Assess business risks, including cost, regulatory and competitive pressures.
• Evaluate competitive risk and success factors.