DUBLIN--(BUSINESS WIRE)--The "Tunisia Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026" report has been added to ResearchAndMarkets.com's offering.
The construction industry in Tunisia grew by 7.1% in real terms in 2021, but this was only a partial recovery from the sharp decline of 13.8% in 2020 and the industry's output remained well below the pre-pandemic levels (2019).
The industry's output recovered in the final quarter of last year, following a sharper-than-expected contraction in Q3 2021. Growth momentum is expected to continue into 2022, with the Tunisian construction industry projected to expand by 6.8% this year, supported by improvement in the economy, coupled with increased public and private investment in renewable energy projects.
In April 2022, the government announced urgent measures to revive the national economy by improving the legal and regulatory framework of the business climate, as well as streamlining export promotion procedures that will help in increasing liquidity, thereby making it easier for enterprises to obtain financing and revitalize investments. In another positive development, in April 2022, the Tunisian Investment Authority (TIA) revealed that six new construction projects worth TND1.4 billion ($484.3 million) were declared during the first quarter of 2022.
The publisher expects the Tunisian construction industry to expand at an annual average rate of 2.9% between 2023 and 2026, supported by the government's focus to diversify the electricity mix and revive the economy. Under the Tunisian Solar Plan, the government aims to increase the share renewable energy in the total power mix to 30%, by 2030, developing 3.8MW of solar capacity.
In 2022, the government is expected to launch a tender for the construction of a 470-550MW capacity combined-cycle power plant in Skhira. The government also plans to launch tenders for 3.5GW of renewable energy by 2030, of which one-third of the projects will be for wind farms and two-thirds for solar photovoltaics.
In November 2021, the country approved a five-year sustainable development plan for 2021-25. The Ben Guerdane Free Trade Zone project is among the top priority projects of the plan, which will contribute to the establishment of a trade and logistics gateway between Africa and the European and Asian markets via Libya, by drawing investments from large international enterprises. The project will be constructed by 2025 over a 150ha area in Choucha.
Scope
- Historical (2017-2021) and forecast (2022-2026) valuations of the construction industry in Tunisia, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
- Identify and evaluate market opportunities using the publisher's standardized valuation and forecasting methodologies.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Understand the latest industry and market trends.
- Formulate and validate strategy using the publisher's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
For more information about this report visit https://www.researchandmarkets.com/r/rk6vz2
