Middle East and Africa: Port Construction Projects Insights - Construction Market Research

Port trade projects in the middle east have been enhanced due to the increase in trade from Iran and the resurgence of oil prices. See how the port construction projects are emerging in the middle east.

The Middle East has added more than 2 million barrels per day (b/d) of refining capacity since 2005, an increase of nearly 30%, which will increase trade through the region's ports. Overall, refining capacity in the region is estimated to grow from 7.75 million b/d in 2015 to 9.84 million b/d by 2025, which will increase exports. The improvement in demand for commodities should provide relief for the economies in Africa where dependence on commodity exports is high. This, in turn, will increase the need for higher capacity ports in the region, with increased activity particularly in the East African ports of Djibouti, Mombasa, Dar-es-Salaam and Maputo, Mozambique.

Key Highlights of the report
- The total pipeline of projects is valued at US$122.6 billion with US$16.1 billion being spent in 2018 and US$23.7 billion in 2019.
- The highest value of projects is at the execution stage with a total value of US$62.5 billion, followed by projects in pre-execution with US$28.1 billion.
- Projects in the planning stage amount to US$18.8 billion, while those at the pre-planning stage total US$13.2 billion.
- Assuming all projects proceed as planned, spending will reach US$23.7 billion in 2019 and fall to US$6.6 billion in 2022. The highest value of project completion will be in 2021, with a value of US$25.1 billion.
- The top contractor in the region is China Communications Construction Co Ltd (CCCC) based in China and Hyundai Engineering & Construction Co. Ltd based in South Korea. The top engineer is Marine Core & Charter and Technital SpA both based in the US.


Scope
- The report provides analysis based on CIC projects showing total project values for the Middle East and Africa and analysis by stage and funding for the top ten countries.
- The top 50 projects are listed for the region giving the country, stage, the value of port construction. Ranked listings of the key operators for the sector are also provided, showing the leading contractors, consulting engineers and project owners.
- Country profiles are provided for the top 10 countries, including Mozambique, Saudi Arabia, and Kuwait.

Why you should buy this report
- Gain insight into the development of the port construction sector.
- Assess all major projects by value, start date, scope and stage of development for the region and top 10 countries to support business development activities.
- Plan campaigns by country based on specific project opportunities and align resources to the most attractive markets.

Related Reports

Port Construction Projects: Europe


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