BMI's Executive Summary

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The Kingdom of Bahrain is an archipelago of almost 40 islands and is centrally located between the Persian Gulf countries. The island nation was among the first in the Gulf to export oil. However, its oil resources are fast depleting and could run out in a couple of decades. BMI forecasts that the construction industry in the country will grow at an average rate of 4.9% during 2008-12.

Bahrain relies heavily on the primary sector for output and employment. The country's economy is primarily fuelled by oil and gleaned substantial benefits from the surge in oil prices. Petroleum production and refining account for over 60% of Bahrain's export receipts, over 70% of government revenues, and 11% of GDP. The financial and construction sector are the other important sectors in the nation's economy. Bahrain has been actively pursuing the diversification and privatisation of its economy to reduce the country's dependence on oil. Some of the major infrastructural projects being undertaken in the country include the US$2.6bn North Bahrain New Towns Project, the US$2.5bn waterfront metropolis by the Bahrain Bay Development, and the US$1.5bn Amwaj Islands project.

Unemployment, especially among Bahraini youth and depletion of oil resources are the two major problems being faced by the island state. It has been making concerted efforts to transform itself into a modern industrial economy and services hub. Persistent tensions between the Sunni-dominated political elite and the generally less well-off Shia majority are another area of concern for the country.

However, Bahrain's economy is expected to grow at an average annual rate of 5.38% during 2008-2012. BMI forecasts that the Bahraini construction sector is likely to log an average rate of 4.9% over the same period. Further, it is expected to reach a value of BHD308.19mn (US$819.65mn) in 2012 and contribute 3.6% to the country's GDP.

Contents

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Chapter 1 – Industry Trends And Developments

Market Overview

Bahrain's Economy In 2005–2006

Bahrain's Construction Industry In 2005–2006

Recent Investment Initiatives

Chapter 2 – Key Projects

Transport

Utilities

Tourism

Table: Major Tourism Projects

Residential And Commercial Construction

Table: Bahrain — Major Infrastructure Projects

Chapter 3 – Business Environment Risk

Table: Middle East Business Environment Risk Ranking

Explanation of CHAPTER – BMI Rankings

Middle East And Africa Region

Business Environment Risk Ranking

Economics — Long–Term Risk

Politics — Long–Term Risk

Construction Growth

Chapter 4 – SWOT Analysis

Bahrain Business Environment SWOT

Bahrain Economic SWOT

Bahrain Construction Industry SWOT

Bahrain Political SWOT

Chapter 5 – Industry Forecast Scenario

Table: Bahrain Infra/Print Table

Chapter 6 – Macroeconomic Outlook

Table: Bahrain BMI Workings

Chapter 7 – Country Snapshot: Bahrain Demographic Data

Section 1: Population:

Table: Demographic Indicators (2005)

Table: Rural/Urban Breakdown

Section 2: Education & Healthcare

Table: Education

Table: Healthcare: Vital Statistics

Table: Healthcare: Expenditure

Section 3: Labour Market And Spending Power

Table: Employment Indicators

Table: Consumption And Stratification

Table: Wages Per Year

Chapter 8 – Competitive Landscape

Table; Bahrain Infrastructure Key Players

Chapter 9 – Company Monitor

Abdulla Ahmed Nass Group

Ahmed Mansoor Al–A'ali (AMA)

RealCapita

Chapter 10 – BMI Forecast Modelling

How We Generate Our Industry Forecasts

Construction Industry

Sources

Chapter 11 – Appendix: Regional Demographic Data

Table: The Long View: Data Over The Economic Cycle (2000–2007)

Table: Population

Table: Household Spending Per Capita, US$

Table: Private Consumption Per Capita, US$ PPP

Table: Market Size, GDP, US$bn

Competitive Landscape for Middle East & Africa Infrastructure Reports: Sample of Companies Ranked

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Comparative company analyses and rankings by sales, % market share, employees, registration date and ownership structure. Company profiles include fully researched senior executives and contact details, business activity and leading products and services. SWOT (strengths, weaknesses, opportunities, threats) of the state’s business environment, infrastructure sector, politics and economics, which carefully evaluates the short- and medium-term issues facing the industry.

Network of Middle Eastern & African Infrastructure Sources

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BMI's Middle Eastern & African Infrastructure Reports are based on an extensive network of multilateral organisations, government departments, Infrastructure industry associations, chambers of commerce and company reports. Information sources include: