Bahrain is touted as the financial and commercial hub of the Middle East due to its openness to trade and its good linkages with its counterparts. These factors also cause it to follow prudent fiscal policies and is among the few countries in the GCC that have witnessed positive economic growth amid the global economic slowdown in the latter part of 2009 and early 2010.
However, owing to its openness, the country and its construction industry have been highly vulnerable to the adverse effects of the global economic slowdown. The contracts awarded in the Bahrain building construction industry fell from US$ 2199 million in 2008 to US$ 1223 million in 2009. However, the industry is likely to recover and contracts expected to be awarded are estimated to grow at a moderate pace to reach US$ 1628 million in 2012.
Ventures Middle East with its vast experience of tracking the construction industries across the Middle East and North Africa region, in its report Bahrain Building Construction Industry 2010 explores the factors that shape the growth of the Bahrain construction industry and assess through a comprehensive assessment of the Political, Social, Economic, Technological, Legal & Regulatory, and Environmental factors that shape its growth path. It then summarizes the probability and impact of these factors on the industry within a market drivers and restraints framework through a probability impact matrix.
The study also provides key statistics on the budget totals for the Bahrain construction industry and its break up by sectors, contract awards, construction spend for the building construction industry as a whole and by sub sectors namely, retail, residential, commercial, mixed use tourism and leisure and others (including airports, educational institutions, hospitals and other miscellaneous projects) along with analysis and forecasts of the trend in the respective segments.
The report also provides a listing of the top clients, consultants and contractors in the Bahrain Building construction industry.
