DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/da4efd/israel_infrastruct) has announced the addition of the "Israel Infrastructure Report Q1 2012" report to their offering.
Infrastructure and construction indicators from the national statistics office point to a strong rebound in the first months of 2011. The author forecasts similar levels of growth for 2012.
The main themes in Israel's infrastructure sector include the following:
- The official cancellation of the US$3bn Tel Aviv Light Rail project scrapes significant value off our forecasts for Israel's railway infrastructure industry value. Disputes over various clauses of the concession agreement between the Metro Transport Solutions (MTS) consortium and the Ministry of Finance, as well as failure to arrange financing, had thrown the project into a stalemate for several months before it was finally cancelled. The cancellation of the US$3bn light rail project and the delays to the Tel Aviv-Jerusalem high speed rail bode badly for growth in railway industry value, while we see upside in the energy & utilities sector from major projects in the pipeline.
- Political and global diplomatic undertones play a major role in tenders for major infrastructure works. With global major engineering companies eager to participate in transport and energy projects in the Middle East, involvement with Israel can prove to be a liability. This was proven in 2009 with French engineering companies Alstom and Areva, whose association with the Jerusalem Light Railway project is jeopardising contracts elsewhere in the Arab world.
- The discoveries of significant reserves of natural gas in offshore Israel will enable the country to achieve a high degree of energy independence. We expect a large amount of construction of natural gas-fired power plants in the coming years as production of natural gas is ramped up.
Companies Mentioned:
- Africa Israel Group (Danya Cebus)
- Shikun & Binui (aka Housing & Construction)
For more information visit http://www.researchandmarkets.com/research/da4efd/israel_infrastruct