Iraq Projects, H2 2020 with COVID-19 impact update – MEED Insights

With vast oil and gas reserves, a large well-educated workforce, and about $450bn of major Projects, planned or underway, there is no doubting the huge potential of the Iraq market for anybody looking for new project opportunities in the Middle East. The reality however is that the country’s vast potential has been undermined for decades by war, insurrection and sanctions, leaving it facing major political, economic and capacity challenges.

An improvement in Iraq’s security situation in 2018 following its “liberation” from the Islamic State in Iraq and Syria (Isis) in December 2017, combined with an improving economic outlook, gave Iraqis hope that perhaps they could look forward to a period of stability during which they could start rebuilding their country.

But the joint issues of Covid-19 and falling oil prices have created a fiscal crisis as the government struggles to meet its financial commitments. Projects, have had to be delayed as Baghdad prioritises social expenditure. At the same time, crude prices around $40 a barrel and OPEC quotas on production have meant that the Oil Ministry has asked the various international oil companies to slow down project expenditure and pare back output, further limiting the Projects, market.

Like elsewhere in the region, falling state revenues have placed a greater emphasis on bringing greater private sector participation in the Projects, market either through public-private-partnerships (PPPs) or attracting direct foreign investment in Projects,.

However, the political and security situation and lack of regulations make the successful implementation of PPP Projects, extremely challenging no matter what the support. Instead, the Projects, that are more likely to proceed are those which have funding support from international development banks and funds. Recent successful major Projects, like the Basra refinery upgrade project are examples where direct foreign funding can provide a way forward for much needed infrastructure development in the country.

Written by MEED, the Middle East market experts within the GlobalData Group, "Iraq Projects, H2 2020", is the update to this year’s popular H1 report. Focused on data, it is aimed at helping companies create strategies for targeting and growing the market.

Reasons to buy

Opportunities and challenges in Iraq’s Projects, market

Analysis of the pipeline of planned Projects, and contract awards

Key policies and drivers shaping the outlook for Projects, in Iraq

Political and economic background

The barriers and challenges that may arise

Sector-by-sector breakdown of future project plans

Key drivers of Projects, in each sector

Iraq’s most valuable key Projects, and major project sponsors

Table of Contents

Table of Contents

Preface

Executive Summary

Iraq Country Overview

Iraq Projects Market

Impact of COVID-19

Oil and Gas

Construction

Transport

Industrial

Power and Water

List of Tables

List of Tables

Top Projects,

Biggest planned and un-awarded Projects, in Iraq

Top Oil and Gas Sector Projects,

Biggest planned and un-awarded Oil and Gas Projects, in Iraq Due in Bidding Stage

Biggest planned and un-awarded Oil and Gas Projects, in Iraq at Design, FEED or Study Stage

Top Construction Sector Projects,

Biggest planned and un-awarded Construction Projects, in Iraq Due in Bidding Stage

Biggest planned and un-awarded Construction Projects, in Iraq at Design, FEED or Study Stage

Top Transport Sector Projects,

Biggest planned and un-awarded Transport Projects, in Iraq Due in Bidding Stage

Biggest planned and un-awarded Transport Projects, in Iraq at Design, FEED or Study Stage

Top Industrial Sector Projects,

Biggest planned and un-awarded Industrial Projects, in Iraq at Design, FEED or Study Stage

Top Power and Water Sector Projects,

Biggest planned and un-awarded Power and Water Projects, in Iraq Due in Bidding Stage

Biggest planned and un-awarded Power and Water Projects, in Iraq at Design, FEED or Study Stage

List of Figures

List of Figures

Iraq country map

GDP by sector, 2019 (%)

Iraq Nominal GDP vs. GDP Growth, 2010-23

Iraq budget, 2010-20 (IQD bn)

Gulf Projects Index Value of all projects in Iraq ($m)

Projects market by project status ($m)

Projects market by sector ($m)

Value of contract awards by year ($m)

Number of Contracts Awarded 2010-19

Biggest clients in Iraq by value of contracts in execution ($m)

Biggest contractors in Iraq by contracts in execution ($m)

Projects planned but unawarded by status ($m)

Projects planned but unawarded by sector ($m)

Biggest clients in Iraq by value of contracts planned ($m)

Covid-19 cases in the Middle East and North Africa region since 1 March 2020

Value of contracts awarded in Kuwait in January to June, 2010-20 ($m)

Value of contract awards by year and sector ($m)

Value of Oil and Gas contract awards by year ($m)

Oil and gas projects market by project status ($m)

Oil and gas projects market by subsector (%)

Value of Oil and Gas contract awards by year and subsector ($m)

Biggest Oil and Gas Sector clients in Iraq by value of contracts in execution ($m)

Biggest Oil and Gas Sector contractors in Iraq by contracts in execution ($m)

Oil and Gas Projects planned but unawarded by status ($m)

Oil and Gas Sector Projects planned but unawarded by subsector ($m)

Biggest Oil and Gas Sector Future Clients

Value of Construction contract awards by year ($m)

Construction projects market by project status ($m)

Construction projects market by subsector (%)

Value of Construction contract awards by year and subsector ($m)

Biggest Construction Sector clients in Iraq by value of contracts in execution ($m)

Biggest Construction Sector contractors in Iraq n by contracts in execution ($m)

Construction Projects planned but unawarded by status ($m)

Construction Sector Projects planned but unawarded by subsector ($m)

Biggest Construction Sector Future Clients

Value of Transport contract awards by year ($m)

Transport projects market by project status ($m)

Transport projects market by subsector (%)

Value of Transport contract awards by year and subsector ($m)

Biggest Transport Sector clients in Iraq by value of contracts in execution ($m)

Biggest Transport Sector contractors in Iraq by contracts in execution ($m)

Transport Projects planned but unawarded by status ($m)

Transport Sector Projects planned but unawarded by subsector ($m)

Biggest Transport Sector Future Clients

Value of Industrial contract awards by year ($m)

Industrial projects market by project status ($m)

Industrial projects market by subsector (%)

Value of Industrial contract awards by year and subsector ($m)

Biggest Industrial Sector clients in Iraq by value of contracts in execution ($m)

Biggest Industrial Sector contractors in Iraq by contracts in execution ($m)

Industrial Projects planned but unawarded by status ($m)

Industrial Sector Projects planned but unawarded by subsector ($m)

Biggest Industrial Sector Future Clients

Value of Power and Water contract awards by year ($m)

Power and Water projects market by project status ($m)

Power and Water projects market by subsector (%)

Value of Power and Water contract awards by year and subsector ($m)

Biggest Power and Water Sector clients in Iraq by value of contracts in execution ($m)

Biggest Power and Water Sector contractors in Iraq by contracts in execution ($m)

Power and Water Projects planned but unawarded by status ($m)

Power and Water Sector Projects planned but unawarded by subsector ($m)

Biggest Power and Water Sector Future Clients

    Pricing

Discounts available for multiple purchases.

reportstore@globaldata.com
+44 20 7947 2745

Join our mailing list

Saved reports