Welcome to the land of opportunities. The government has allocated more than US$2 billion to redevelop damaged infrastructure across the country in 2019. The total construction project pipeline in the country was recorded at US$211.6 billion as of September 2019.
Output value in construction industry is expected to present an annual growth rate at a CAGR of 15.75% during (2019-2023). Accounting for 42.6% on the total industry's value in 2018, residential market is projected to register a forecast-period CAGR of 18.77% in 2023. Meanwhile energy and utilities construction will grow at a CAGR of 27.48%.
Market Research Iraq is committed to offer construction & infrastructure advisory services in various areas, including sustainable infrastructure, urban redevelopment, digitization in construction, smart cities, smart buildings, green cities, and others. We hold deep knowledge and experience in working with various players in the industry which help us to provide know-how strategy.
Output value in construction industry is expected to present an annual growth rate at a CAGR of 15.75% during (2019-2023). Accounting for 42.6% on the total industry's value in 2018, residential market is projected to register a forecast-period CAGR of 18.77% in 2023. Meanwhile energy and utilities construction will grow at a CAGR of 27.48%.
Market Research Iraq is committed to offer construction & infrastructure advisory services in various areas, including sustainable infrastructure, urban redevelopment, digitization in construction, smart cities, smart buildings, green cities, and others. We hold deep knowledge and experience in working with various players in the industry which help us to provide know-how strategy.