DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/d98648/yemen_infrastructu) has announced the addition of the "Yemen Infrastructure Report Q1 2011" report to their offering.
The Yemen Infrastructure Report provides industry professionals and strategists, corporate analysts, infrastructure associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Yemen's infrastructure industry.
Construction and especially infrastructure activity in Yemen remained extremely thin in the months towards the end of 2010. Considering the very limited prospects for Yemens construction activity, except through international aid and missions, BMI expects the industry to grow by just 1.12% in real terms to YER344bn (US$1.54bn) in 2010. Nonetheless, the sectors growth in 2010 comes after two years of contraction and a year of stagnation in 2009.
Recent developments in the country include:
- Preparations for the country's hosting of the 20th Gulf Cup football tournament that began in late-November 2010 became the focus of government funds and efforts in the several months leading up to the event. Around YER7bn (US$32.45) is expected to have been spent on hotel development in preparation for the games. A total of 120 hotel rooms are expected to be converted into five star standards as part of the redevelopment.
- The country's construction industry was otherwise encouraged by the governments plans to invest US$5bn in its power infrastructure and capacity, announced at the Yemen Oil, Gas and Minerals Conference in Sana'a in October 2010. The funds will further development and expansion, with 20% provided by the Yemeni government and the remainder from investors and international financial institutions.
- The global threat of terrorist activity emanating from Yemen is fast becoming a regular feature of the countrys political landscape. The risks posed by Yemens hinterlands resurfaced in late- September 2010 as two Chicago-bound parcel bombs at a Dubai cargo terminal and UK airport were discovered to have originated from Sanaa. The development is likely to refocus aid and economic development efforts by states and multilateral institutions. Saudi Arabia and Italy reiterated their economic support for the country in early-November 2010 and called on other government to support Yemens economic development ahead of a Friends of Yemen Group meeting in Riyadh.
Growth in Yemen's construction sector will merely edge up after 2010 to 2.11% in 2011, before reaching the 3% mark by the end of BMIs longer-term forecast to 2020 when the sector will be worth YER1,089bn (US$3.34bn).
Key Topics Covered:
- Executive Summary
- SWOT Analysis
- Market Overview
- Industry Forecast Scenario
- Transport Infrastructure
- Energy And Utilities Infrastructure
- Residential/Non- Residential Construction And Social Infrastructure
- Business Environment
- Macroeconomic Outlook
- Political Outlook
- Company Monitor
- Global Overview
- Methodology
For more information visit http://www.researchandmarkets.com/research/d98648/yemen_infrastructu