The construction industry in Bangladesh is expected to grow by 2.1% in real terms in 2023, rebounding from a 2% decline in the previous year. The industry’s growth in 2023 will be supported by investments as part of the Financial Year (FY) 2023-24 (July 2023 to June 2024) Annual Development Program (ADP), which was unveiled in June 2023. The latest ADP involves an expenditure of BDT2.6 trillion ($25.5 billion) in FY2023-24, which is a 11.2% increase compared to the current revised ADP outlay of BDT2.4 trillion ($22.9 billion) in FY2022-23. The transport and communications sector received the highest allocation in the FY2023-24 ADP, equivalent to BDT759.5 billion ($7.4 billion); this is followed by an allocation of BDT443.9 billion ($4.3 billion) for the power and energy sector, BDT298.9 billion ($2.9 billion) for the education sector, and BDT270.5 billion ($2.6 billion) for the housing and community sector.
The Bangladeshi construction industry is expected to register an annual average growth of 6.4% from 2024 to 2027, supported by investment in transport, electricity, industrial, and telecommunication sectors. The Bangladeshi government aims to generate 40% of power from clean energy sources by 2041 and increase power generation capacity to 60,000MW by that year. In July 2023, the Danish companies Copenhagen Infrastructure Partners (CIP) and Copenhagen Offshore Partners (COP) proposed an investment of BDT134.1 billion ($1.3 billion) to the Bangladesh government for the development of an offshore wind energy project off the coast Bay of Bengal. This wind energy project will be able to produce 500MW of green wind energy.
The Bangladeshi construction industry is expected to register an annual average growth of 6.4% from 2024 to 2027, supported by investment in transport, electricity, industrial, and telecommunication sectors. The Bangladeshi government aims to generate 40% of power from clean energy sources by 2041 and increase power generation capacity to 60,000MW by that year. In July 2023, the Danish companies Copenhagen Infrastructure Partners (CIP) and Copenhagen Offshore Partners (COP) proposed an investment of BDT134.1 billion ($1.3 billion) to the Bangladesh government for the development of an offshore wind energy project off the coast Bay of Bengal. This wind energy project will be able to produce 500MW of green wind energy.
The report provides detailed market analysis, information, and insights into the Bangladeshi construction industry, including -
- The Bangladeshi 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 Bangladeshi 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 Bangladesh. It provides -- Historical (2018-2022) and forecast (2023-2027) valuations of the construction industry in Bangladesh, 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 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 critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Table of Contents
1 Executive Summary2. Construction Industry: At-a-Glance6. Construction Market Data
3. Context
4. Construction Outlook
5. Key Industry Participants
7. Appendix
List of Tables
List of Figures