Iraq Projects, H1 2022 – Outlook of Major Projects in Iraq – MEED Insights

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

$2000

Political and economic climate

Iraq’s fifth national election since the US invasion in 2003 marked a shift in power for the country, with Shia cleric Muqtada al-Sadr’s Sairoon Alliance winning significantly more seats in October 2021 than any other party. The election results are unlikely to improve security or political situation, however. Low participation in the election reflected the disillusionment of many Iraqis in the existing political system and the political class that holds the power. Despite the uncertainty, Iraq’s government has made significant progress over recent months on projects designed to enhance the country’s oil and gas sector and reduce pollution, signing deals with several western companies. Furthermore, with rising oil prices and improved fiscal outlook, the government is finding itself in a better financial position with which it fund projects.

Iraq’s economy has been negatively impacted by the Covid-19 pandemic as well as by plunging oil and gas prices. As a result, real GDP growth was contracted by more than 15 per cent in 2020. However, with improved economic climate and public finances, the GDP growth is projected to be around 3.6 per cent in 2021 as estimated by the IMF which represents, on paper, a sign of recovery. Similarly, as a result of the fall in the government’s revenue from the oil sector, along with its emergency spending on pandemic countermeasures and relief, public debt rocketed from 45.1 per cent of GDP in 2019 to 84.2 per cent in 2020 – a 86 per cent increase in the country’s debt burden. The IMF estimates that debt burden is estimated to have dropped to 60 per cent of GDP in 2021. Furthermore, Inflation is projected to touch 4.5 per cent in 2022, according to the IMF.

Outlook for projects

Due to its huge oil and gas wealth, Iraq is the fourth largest projects markets in the region, with some $353bn worth of schemes planned and unawarded. More than 60 per cent of the projects planned in the country are currently in the design (including FEED) phase.

A majority of the upcoming projects belong to the construction sector, followed by the oil, power, gas, transport, water and petrochemical sectors. However, some of the planned schemes may experience delays in the short to medium term due to the ongoing Covid-19 pandemic, economic and political situation in the country.

Written by MEED, the Middle East market experts within the GlobalData Group, “Iraq Projects H1 2022” there is no doubt that Iraq can be a high-risk, challenging market. But it offers some of the best potential project opportunities in the region, should the right conditions prevail.

Scope

NA

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

Executive Summary

Iraq Country Overview

Iraq Projects Market

Oil and Gas

Construction

Transport

Industrial

Power and Water

Table

List of Tables

Table 1 Top Projects

Table 2 Biggest planned and un-awarded projects in Iraq

Table 3 Top Oil and Gas Sector Projects

Table 4 Biggest planned and un-awarded Oil and Gas projects in Iraq Due in Bidding Stage

Table 5 Biggest planned and un-awarded Oil and Gas projects in Iraq at Design, FEED or Study Stage

Table 6 Top Construction Sector Projects

Table 7 Biggest planned and un-awarded Construction projects in Iraq Due in Bidding Stage

Table 8 Biggest planned and un-awarded Construction projects in Iraq at Design, FEED or Study Stage

Table 9 Top Transport Sector Projects

Table 10 Biggest planned and un-awarded Transport projects in Iraq Due in Bidding Stage

Table 11 Biggest planned and un-awarded Transport projects in Iraq at Design, FEED or Study Stage

Table 12 Top Industrial Sector Projects

Table 13 Biggest planned and un-awarded Industrial projects in Iraq at Design, FEED or Study Stage

Table 14 Top Power and Water Sector Projects

Table 15 Biggest planned and un-awarded Power and Water projects in Iraq Due in Bidding Stage

Table 16 Biggest planned and un-awarded Power and Water projects in Iraq at Design, FEED or Study Stage

Figures

List of Figures

Figure 1 Iraq country map

Figure 2 GDP by sector, 2020 (%)

Figure 3 Iraq Nominal GDP vs. GDP Growth, 2012-24

Figure 4 Iraq budget, 2012-22 (IQD bn)

Figure 5 Gulf Projects Index Value of all projects in Iraq ($m)

Figure 6 Projects market by project status ($m)

Figure 7 Projects market by sector ($m)

Figure 8 Value of contract awards by year ($m)

Figure 9 Value of contract awards by year and sector ($m)

Figure 10 Value of contracts awarded in Iraq in July to December, 2012-21 ($m)

Figure 11 Number of Contracts Awarded 2012-21

Figure 12 Biggest clients in Iraq by value of contracts in execution ($m)

Figure 13 Biggest contractors in Iraq by contracts in execution ($m)

Figure 14 Projects planned but unawarded by status ($m)

Figure 15 Projects planned but unawarded by sector ($m)

Figure 16 Biggest clients in Iraq by value of contracts planned ($m)

Figure 17 Value of Oil and Gas contract awards by year ($m)

Figure 18 Oil and gas projects market by project status ($m)

Figure 19 Oil and gas projects market by subsector (%)

Figure 20 Value of Oil and Gas contract awards by year and subsector ($m)

Figure 21 Biggest Oil and Gas Sector clients in Iraq by value of contracts in execution ($m)

Figure 22 Biggest Oil and Gas Sector contractors in Iraq by contracts in execution ($m)

Figure 23 Oil and Gas Projects planned but unawarded by status ($m)

Figure 24 Oil and Gas Sector Projects planned but unawarded by subsector ($m)

Figure 25 Biggest Oil and Gas Sector Future Clients

Figure 26 Value of Construction contract awards by year ($m)

Figure 27 Construction projects market by project status ($m)

Figure 28 Construction projects market by subsector (%)

Figure 29 Value of Construction contract awards by year and subsector ($m)

Figure 30 Biggest Construction Sector clients in Iraq by value of contracts in execution ($m)

Figure 31 Biggest Construction Sector contractors in Iraq n by contracts in execution ($m)

Figure 32 Construction Projects planned but unawarded by status ($m)

Figure 33 Construction Sector Projects planned but unawarded by subsector ($m)

Figure 34 Biggest Construction Sector Future Clients

Figure 35 Value of Transport contract awards by year ($m)

Figure 36 Transport projects market by project status ($m)

Figure 37 Transport projects market by subsector (%)

Figure 38 Value of Transport contract awards by year and subsector ($m)

Figure 39 Biggest Transport Sector clients in Iraq by value of contracts in execution ($m)

Figure 40 Biggest Transport Sector contractors in Iraq by contracts in execution ($m)

Figure 41 Transport Projects planned but unawarded by status ($m)

Figure 42 Transport Sector Projects planned but unawarded by subsector ($m)

Figure 43 Biggest Transport Sector Future Clients

Figure 44 Value of Industrial contract awards by year ($m)

Figure 45 Industrial projects market by project status ($m)

Figure 46 Industrial projects market by subsector (%)

Figure 47 Value of Industrial contract awards by year and subsector ($m)

Figure 48 Biggest Industrial Sector clients in Iraq by value of contracts in execution ($m)

Figure 49 Biggest Industrial Sector contractors in Iraq by contracts in execution ($m)

Figure 50 Industrial Projects planned but unawarded by status ($m)

Figure 51 Industrial Sector Projects planned but unawarded by subsector ($m)

Figure 52 Biggest Industrial Sector Future Clients

Figure 53 Value of Power and Water contract awards by year ($m)

Figure 54 Power and Water projects market by project status ($m)

Figure 55 Power and Water projects market by subsector (%)

Figure 56 Value of Power and Water contract awards by year and subsector ($m)

Figure 57 Biggest Power and Water Sector clients in Iraq by value of contracts in execution ($m)

Figure 58 Biggest Power and Water Sector contractors in Iraq by contracts in execution ($m)

Figure 59 Power and Water Projects planned but unawarded by status ($m)

Figure 60 Power and Water Sector Projects planned but unawarded by subsector ($m)

Figure 61 Biggest Power and Water Sector Future Clients

Frequently asked questions

Iraq Projects, H1 2022 – Outlook of Major Projects in Iraq – MEED Insights thematic reports
Currency USD
$2,000

Can be used by individual purchaser only

$6,000

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Iraq Projects, H1 2022 – Outlook of Major Projects in Iraq – MEED Insights in real time.

  • Access a live Iraq Projects, H1 2022 – Outlook of Major Projects in Iraq – MEED Insights dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.