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Construction in Tunisia Trend, Share, Size Growth and Research 2018

Synopsis

This report provides detailed market analysis, information and insights into the Tunisian construction industry including:

  • Tunisian construction industry's growth prospects by market, project type and type of construction activity
  • Analysis of equipment, material and service costs across each project type within Tunisia
  • Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in Tunisian construction industry
  • Profiles of the leading operators in Tunisian construction industry.
  • Data highlights of the largest construction projects in Tunisia

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Executive summary

The Tunisian construction industry recorded a compound annual growth rate (CAGR) of 3.77% during the review period (2008–2013). The review-period growth was supported by the government-led social housing projects and increased foreign direct investment (FDI) in the real estate sector. Despite the economic and political instability, the industry’s outlook is favorable, due to the government’s focus on improving the country’s infrastructure and residential requirements. Industry growth will also be driven by developments in the tourism and retail sectors, as well as the country’s new investment code, which includes several blocks, such as guarantees on investment and access to investment incentives. The construction industry’s output is expected to record a CAGR of 5.26% over the forecast period (2014–2018).

Scope

This report provides a comprehensive analysis of the construction industry in Tunisia. It provides:

  • Historical (2009-2013) and forecast (2014-2018) valuations of the construction industry in Tunisia using construction output and value-add methods
  • Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
  • Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
  • Analysis of key construction industry issues, including regulation, cost management, funding and pricing
  • Detailed profiles of the leading construction companies in Tunisia

Browse Reports in Construction @ http://www.researchmoz.us/construction-market-reports-119.html

Reasons to buy

  • Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
  • Assess market growth potential at a micro-level with over 600 time-series data forecasts
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  • Assess business risks, including cost, regulatory and competitive pressures
  • Evaluate competitive risk and success factors

Key highlights
  • In 2011, Tunisia underwent political upheaval, resulting in the eviction of President Ben Ali and the election of the Constituent Assembly. This impacted the country’s economic growth in 2011 and resulted in a decline in FDI inflows in real estate. To promote growth in the economy, the International Monetary Fund (IMF) approved a loan of US$1.7 billion to support economic reforms in 2013. The contribution of the construction industry to GDP stood at 3.8% in 2013 and the value added to the industry in nominal terms, increased from TND2.7 billion (US$1.9 billion) in 2011 to TND2.9 billion (US$1.8 billion) in 2013. Forecast-period growth will be supported by the investments in tourism and social housing projects, and government efforts to revive the economy.
  • Economic and political instability in 2011, resulted in economic contraction, from 2.9% in 2010 to 1.9% of the GDP in 2011. The economy rebounded in 2012 and registered an economic growth of 3.6% in 2012 and 2.6% in 2013. Realizing that unemployment had partly initiated the 2011 uprising in the country, the government started a public recruitment process to address this problem and lower unemployment from 16.7% in 2012 to 15.3% in 2013. Unemployment will continue to be a main government focus to achieve economic stability. Office space will be required to accommodate the increasing number of personnel and support the forecast-period growth of the office buildings category.
  • Tunisia is rich source of phosphates and is one of the leading phosphate producers in the world. Due to social and political unrest, and labor strikes in 2011, production declined from 8MT (million tons) in 2010 to 2.6MT in 2012. However, according to National Institute of Statistics – Tunisia (INS), the production index of the mining industry increased from 44.9 in 2012 to 50.5 in 2013. The Ministry of Industry, Mines and Energy aims to increase the phosphate production from lower than 3MT in 2013 to 8MT in 2016 and 12MT by 2020. The Ministry also plans to invest TND4.1 billion (US$2.5 billion) in phosphate mines, in Midwest Tunisia.
  • Tunisia played a key role in the initial stages of the Mediterranean Solar Plan, which was unveiled in 2008 – a European Union (EU) scheme that aims to generate 20GW of solar energy and other renewable energy resources by 2020 around the Mediterranean Sea. The project worth TND68.6 billion (US$55.7 billion), will export its output to Europe. Due to the country’s strategic location, Tunisia is also a part of the DESERTEC foundation’s super grid project called TuNur, which aims to connect the European and African countries and distribute power to these countries from the country’s rich solar energy resources. The project will invest TND756.2 billion (US$560 billion) by 2050 and includes the construction of solar plants and transmission lines to meet the energy demands of the Middle East and North Africa (MENA) region and Europe. Due to these investments, the energy and communication infrastructure category is likely to grow over the forecast period.
  • In 2013, a deal was signed between employer’s union UTICA, the German Chamber of Commerce, a German-African business association Afrika Verein and the Tunisian Foreign Investment Promotion Agency (FIPA), in order to encourage investment activities in Tunisia and develop bilateral business partnership. The German government agreed to utilize Tunisian debt of TND120 million (US$75 million), as an investment in Tunisian infrastructure. Of this, TND20 million (US$12.3 million) will be invested in sewage infrastructure, TND60 million (US$37 million) in water and industrial waste management projects, whereas TND40 million (US$24.7 million) will be invested in water infrastructure in rural areas.
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