Iraq Infrastructure Report Q4 2010 - Published
New Construction market report from Business Monitor International: "Iraq Infrastructure Report Q4 2010"
FOR IMMEDIATE RELEASE - PRLog (Press Release) – Oct 17, 2010 – Infrastructure is the main focus of reconstruction efforts in Iraq, as the country grapples with electricity shortages and insufficient transport links. Improving core economic social infrastructure provision should help the country on the path to economic normalcy.
The key areas of focus are:
* Electricity:
* Transport: In June 2010, the US$600mn Najaf Monorail was awarded, marking the first major infrastructure contract to be awarded since the US-led invasion in 2003. The contract is part of plans to considerably expand the urban and national rail network in Iraq to aid with reconstruction efforts.
* Housing: The government has announced plans to build 2mn housing units by 2014 to cater for growing demand for low income housing.
The focus on infrastructure will present substantial opportunities for those construction companies willing to enter the market. A lack of capacity and ability among local construction companies has the led the government to call for international participation in rebuilding Iraq's infrastructure. A few companies have entered the sector, most recently in August 2010, France's Alstom signed a memorandum of understanding (MoU) to help build electricity infrastructure.
Driven by demand for infrastructure, BMI forecasts that Iraq's construction industry will post 4.7% yearon- year (y-o-y) real growth in 2010. Over the medium growth will remain robust at 7.3% on average per year between 2010 and 2014.
Despite the opportunities, there are considerable risks in the country. Iraq's Infrastructure Business Environment Ratings illustrate the risk/reward trade off, Iraq scores very low for risks (34/100) compared to rewards (51/100). Ongoing concerns over violence and security risks are the major barrier to entry, as well as a complex and unsophisticated regulatory and legal environment.
For more information or to purchase this report, go to:
- http://www.fastmr.com/
The key areas of focus are:
* Electricity:
* Transport: In June 2010, the US$600mn Najaf Monorail was awarded, marking the first major infrastructure contract to be awarded since the US-led invasion in 2003. The contract is part of plans to considerably expand the urban and national rail network in Iraq to aid with reconstruction efforts.
* Housing: The government has announced plans to build 2mn housing units by 2014 to cater for growing demand for low income housing.
The focus on infrastructure will present substantial opportunities for those construction companies willing to enter the market. A lack of capacity and ability among local construction companies has the led the government to call for international participation in rebuilding Iraq's infrastructure. A few companies have entered the sector, most recently in August 2010, France's Alstom signed a memorandum of understanding (MoU) to help build electricity infrastructure.
Driven by demand for infrastructure, BMI forecasts that Iraq's construction industry will post 4.7% yearon- year (y-o-y) real growth in 2010. Over the medium growth will remain robust at 7.3% on average per year between 2010 and 2014.
Despite the opportunities, there are considerable risks in the country. Iraq's Infrastructure Business Environment Ratings illustrate the risk/reward trade off, Iraq scores very low for risks (34/100) compared to rewards (51/100). Ongoing concerns over violence and security risks are the major barrier to entry, as well as a complex and unsophisticated regulatory and legal environment.
For more information or to purchase this report, go to:
- http://www.fastmr.com/
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Posted by ProTech at 10/18/2010 2:47 PM 
Categories: News
Tags: iraq infrastructure procore dealer web based construction software protech construction cloudware
Categories: News
Tags: iraq infrastructure procore dealer web based construction software protech construction cloudware
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