Construction

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Chapter | Construction & Real Estate from The Report: Bahrain 2019

A major contributor to employment and GDP, the Bahraini construction sector has continued to expand in recent years, despite slower regional growth. This performance continued into the first half of 2018 with an uptick in activity, supported by a series of major infrastructure projects, in part financed by neighbouring GCC states. Furthermore, with demand for transportation and industrial...

Despite its diversified economy, Bahrain has nonetheless faced pressures in recent years as a result of the 2014-15 drop in global oil prices. However, a multibillion-dollar aid package from other Gulf states and an accompanying fiscal adjustment plan, as well as growth following a partial oil price recovery and a major oil and gas discovery, offer hope for an economic turnaround in 2019.

 

In 2008, for the first time in history, more than half of humanity was living in urban areas. Perhaps the most remarkable observation about this trend is the speed at which it has happened: as recently as 1900 urban areas accounted for 13% of the global population. Towns and cities are seen as the crucibles of opportunity for many rural...

 

What challenges must be overcome to enable growth in the real estate sector?

 

A state programme to build affordable housing is now taking off with the support of significant investment from foreign firms. Beyond the need for affordable housing, a rising middle class and additional need for retail space is spurring demand throughout the country. However, difficulties in accessing financing, as well as a lack of available...

 

Since the country’s return to political stability in 2011, Côte d’Ivoire’s construction sector has experienced significant growth as a result of heavy public and private investment. Foreign investors have helped to usher in new infrastructure projects, especially in the transport and housing segments. Such investments have gone hand-in-hand...

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