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Project Insight - Port Construction Projects: Middle East and Africa

Project Insight - Port Construction Projects: Middle East and Africa

  • May 2019
  • 26 pages
  • ID: 5779509
  • Format: PDF
  • By GlobalData

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Project Insight - Port Construction Projects: Middle East and Africa

Summary
The Middle East - particularly Gulf Cooperation Council (GCC) countries - is a major exporter of petroleum products, and a major exporter and importer of liquefied natural gas (LNG).The improvement in demand for commodities should provide relief for economies in Africa, where dependence on commodities exports is high; this in turn will increase the need for higher capacity ports in the region.

Africa, with its population of 1.2 billion, only handles about 6% of the global water-borne traffic and approximately 3% of the world container traffic, so it is overdue for port expansion. Africa has 38 countries with a coastline, and numerous ports located strategically along their coastlines.

The report “Project Insight - Port Construction Projects: Middle East and Africa” provides analysis based on 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 country, stage, 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 Iran, Tanzania and Mozambique.

Key Findings:

- The top ten countries in the region by value of port construction projects is led by Iran, with projects valued at US$34.4 billion, followed by Tanzania with a project value of US$15.5 billion. In order of the projects’ value, the top ten countries are Iran, Tanzania, Mozambique, Kuwait, Saudi Arabia, Iraq, Guinea, Qatar, Nigeria and the UAE
- Projects at the execution stage dominate with a combined value of US$98.6 billion, while those at the planning stage stand at US$41.6 billion. Projects at the pre-execution stage have a value of US$23.4 billion, with a project value of US$3.2 billion at the pre-planning stage
- Assuming all projects currently in the pipeline proceed as planned, total spending is projected to reach US$22.8 billion in 2020, and will fall to US$11.7 billion in 2023. The highest value of project completions will be in 2021, with a value of US$16.9 billion
- The highest proportion of projects are funded by public finance, with 56% with the value of projects funded jointly by public/private investment in the MEA accounting for 34% of the total, followed by private funding for projects with 10%
- The highest value project tracked in the region is the US$30.0 billion Chabahar Port Development in Iran, followed by the US$11.1 billion Bagamoyo Port Development in Nigeria. The Government of Iran, in a joint venture with the Government of India (GoI), has undertaken the construction of Chabahar Port in Sistan and Baluchestan Province, Iran

The report “Project Insight - Port Construction Projects: Middle East and Africa” enables the user to:

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

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 country, stage, 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 Iran, Tanzania and Mozambique.

Reasons to buy
- 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

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