Convergence of Construction and Design Companies Encouraging Growth in Bahrain Construction Market

Aug. 19, 2015 - PRLog -- Technavio, an independent tech-focused global research firm, has announced the publication of its market research report onthe construction market in Bahrain2015-2019. The growing focus on green buildings is a significant trend observed in this market. The significant shift in the populace’s mindset toward energy conservation and reducing energy costs is expected to bolster the demand for green buildings in this region. Consequently, construction companies in this region are now focusing on sustainable practices for the construction of eco-friendly or green buildings. The construction market in Bahrain is envisaged to grow at a CAGR of 8.51% during the forecast period of 2014-2019.

Increasing investments by the government of Bahrain in large-scale projects in sectors like transportation, commercial, industrial, and energy are expected to augment growth in this market. The government’s plan to invest in infrastructure development by constructing secondary roads and storm water drainage networks will also boost the construction market during the forecast period.

“New construction delivery methods from design-bid-build to design-build, construction management, and integrated project delivery (IPD) are on the rise to reduce project completion timelines. During the forecast period, there is a likelihood of large construction project owners working together with full-service companies or groups of companies under IPD contracts,” says Faisal Ghaus, Vice President of Technavio Research.

“Recently, companies like Cebarco Bahrain have started providing its customers with integrated solutions such as general contracting, design-to-build, construction management, and property development.”

To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

If you are interested in more information on this topic and our upcoming research on the Construction Market in Bahrain 2015-2019, (http://www.technavio.com/report/bahrain-construction-mark...) please send an e-mail to media@TechNavio.com.