The analyst has revised down the estimated growth for Tunisia’s construction industry in 2021, with the industry now expected to have grown by just 4.2% in real terms, down from the earlier estimate of 11.4%. This significant revision has been made due to the sharper-than-expected contraction of construction activity in Q3 2021, with construction industry’s value add declining by 16% year on year (YoY) in real terms due to the partial lockdown imposed by the government in response to a rapid increase of Coronavirus (COVID-19) case numbers. This was preceded by Y-o-Y growth rates of 46.9% in Q2 and 10.4% in Q1 2021, according to the Institut National de la Statistique (INS), the National Institute of Statistics. Weak public investment and stringent measures taken by the government to contain the COVID-19 outbreak curtailed investment in the construction industry during the third quarter of 2021.
The President of Tunisia, Kais Saied, seized power in July 2021, cancelling parliamentary activities - a decision that riled the electorate, which has been demanding the restoration of parliament activities and normal democratic rule. The political crisis is expected to affect investment, potentially curtailing plans by firms to set up or expand operations in Tunisia, which will affect the construction industry’s output in the short term. In October 2021, the president appointed Incumbent Najla Bouden as the prime minister, but constitutional reform is on the cards, which could centralise power around the president.
The analyst expects the construction industry to expand at an annual average rate of 4.7% between 2022 and 2025, supported by the government’s focus on improving regional connectivity through the development of rail, road, and air transport infrastructure, coupled with efforts to increase energy production. The government’s efforts to raise investment on renewable energy project is also expected to support growth. Under the Tunisian Solar Plan, the government aims to increase the share of the country’s renewable energy mix to 30% of total power capacity by 2030. In 2022, the government is expected to launch a tender for the construction of a 470-550MW capacity combined-cycle power plant in Skhira. The government also plans to launch tenders for 3.5GW of renewable energy by 2030, of which one-third of the projects will be for wind farms and two-thirds for solar photovoltaics.
This report provides detailed market analysis, information, and insights into Tunisia’s construction industry, including:
This report provides a comprehensive analysis of the construction industry in Tunisia. It provides:
The President of Tunisia, Kais Saied, seized power in July 2021, cancelling parliamentary activities - a decision that riled the electorate, which has been demanding the restoration of parliament activities and normal democratic rule. The political crisis is expected to affect investment, potentially curtailing plans by firms to set up or expand operations in Tunisia, which will affect the construction industry’s output in the short term. In October 2021, the president appointed Incumbent Najla Bouden as the prime minister, but constitutional reform is on the cards, which could centralise power around the president.
The analyst expects the construction industry to expand at an annual average rate of 4.7% between 2022 and 2025, supported by the government’s focus on improving regional connectivity through the development of rail, road, and air transport infrastructure, coupled with efforts to increase energy production. The government’s efforts to raise investment on renewable energy project is also expected to support growth. Under the Tunisian Solar Plan, the government aims to increase the share of the country’s renewable energy mix to 30% of total power capacity by 2030. In 2022, the government is expected to launch a tender for the construction of a 470-550MW capacity combined-cycle power plant in Skhira. The government also plans to launch tenders for 3.5GW of renewable energy by 2030, of which one-third of the projects will be for wind farms and two-thirds for solar photovoltaics.
This report provides detailed market analysis, information, and insights into Tunisia’s construction industry, including:
- Tunisia’s 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 Tunisia’s 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 Tunisia. It provides:
- Historical (2016-2020) and forecast (2021-2025) valuations of the construction industry in Tunisia, 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 analyst'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 analyst's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Table of Contents
1. Construction Outlook2. Construction Industry: At-a-Glance3. Latest News and Developments4. Project Analytics5. Construction Market Data6. Risk Profile
7. About the Analyst
List of Tables
List of Figures
