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Construction in Algeria - Key Trends and Opportunities to 2025

Construction in Algeria - Key Trends and Opportunities to 2025

Summary

The Coronavirus (COVID-19) outbreak halted the Algerian construction industry's growth, with output declining by 3.4% in real terms in 2020. Low oil prices further worsened the situation, as the country generates 70% of its revenue from oil and gas exports. However, with the recovery in the global economy and the slowdown in COVID-19 infections, oil prices are expected to recover this year, leading to an increase in the government's ability to spend on major infrastructure projects. GlobalData expects the construction industry to grow by 3% in 2021.

Prior to the COVID-19 outbreak, the government was focusing on tourism, retail, and other commercial infrastructure with an aim to diversify the economy and to reduce its dependence on the oil sector. Once the COVID-19 situation stabilizes, the government will continue its efforts at diversification to boost the economy and create employment opportunities. This will create growth opportunities for the construction industry, with the industry expected to rebound and grow by 3% in 2021.

The government's efforts to enhance regional connectivity through the development of the country's rail and port infrastructure, coupled with efforts to boost the residential construction market, will support the industry's growth over the forecast period. In addition, the government's aim to expand renewable energy resources is expected to attract investments in energy infrastructure projects, which will in turn fuel growth in the industry.

This report provides detailed market analysis, information, and insights into the Algerian construction industry, including -
- The Algerian construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Algerian construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope

This report provides a comprehensive analysis of the construction industry in Algeria. It provides -
- Historical (2016-2020) and forecast (2021-2025) valuations of the construction industry in Algeria, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy

- Identify and evaluate market opportunities using GlobalData's standardized valuation and forecasting methodologies.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Understand the latest industry and market trends.
- Formulate and validate strategy using GlobalData's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
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Construction in Algeria - Key Trends and Opportunities to 2025
Published By :GlobalData
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