Iraq Projects Industry Report H2 2024,
DUBLIN–(BUSINESS WIRE)–The “Iraq Projects H2 2024” report has been added to ResearchAndMarkets.com’s offering.
Because of Iraq’s substantial oil and gas resources, Iraq ranks as the fourth largest market for projects in the region, with more than $400bn worth of schemes planned or underway. However, almost 44 percent of the projects planned in the country are currently in the design phase.
The ‘Iraq Projects, H2 2024’ report provides an executive summary of the sector. It also covers key data such as the value of work awarded by year and sector, trends in project awards, the key clients and contractors, the top projects in each sector, and a forecast for the years ahead.
Key Sectors
The key sectors among the Iraq projects are oil, gas, construction, transport, industrial, power, and water. The construction sector is the largest sector, followed by the transport sector. The construction sector in Iraq has seen a dynamic range of activity, marked by significant fluctuations in project values and investment levels. This variability reflects the sector’s evolving development trends and the broader economic and infrastructural shifts occurring in the country.
- Oil
- Gas
- Construction
- Transport
- Industrial
- Power
- Water
Key Projects
A few of the current top projects under execution in Iraq are:
- Nasiriya Integrated Project: Oil Field Development
- Basra Refinery Upgrade: FCC Unit
- Al Faw Petrochemical Complex
- Al Faw Refinery
Key Clients
A few of the top clients in Iraq are:
- South Refineries Company
- Ministry of Electricity, Iraq
- Ministry of Oil, Iraq
Key Contractors
A few of the key contractors associated with Iraq projects are:
- Hualu Engineering & Technology
- Shanghai Electric Group
- Power China
Iraq Projects – Market Dynamics
With its extensive oil and gas reserves, a sizable, well-educated workforce, and more than $321 billion in major planned and upcoming projects, the Iraqi market holds immense potential for anyone seeking new project opportunities in the Middle East. Most of the forthcoming projects are in the construction sector, with the oil, transport, gas, power, and petrochemical sectors coming next.
Infrastructure projects are a key focus, aiming to update existing facilities and build new ones to address increasing needs. This encompasses enhancements to transportation systems, energy infrastructure, and urban development. The objective is to boost economic growth, enhance public services, and improve regional connectivity.
Iraq Projects – Key Sectors
The largest sector in terms of work under execution was construction in H2 2024
The key sectors among the Iraq projects are oil, gas, construction, transport, industrial, power, and water. The construction sector is the largest sector, followed by the transport sector. The construction sector in Iraq has seen a dynamic range of activity, marked by significant fluctuations in project values and investment levels. This variability reflects the sector’s evolving development trends and the broader economic and infrastructural shifts occurring in the country.
Reasons to Buy
- Helps you identify trends in each sector, what industries are growing and shrinking
- Helps you identify key opportunities & challenges
- The report is unique in that it uses ‘hard data’ from actual projects to quantify different markets and sectors
- The report is the ultimate reference tool for an umbrella view of the project market
- The report provides historical, current and future project market information
Key Topics Covered:
- Executive summary
- Iraq country overview
- Iraq projects market
- Oil and Gas
- Construction
- Transport
- Industrial
- Power and water
Company Coverage:
- South Refineries Company
- Ministry of Electricity, Iraq
- Ministry of Oil, Iraq
- Hualu Engineering & Technology
- Shanghai Electric Group
- Power China
For more information about this report visit https://www.researchandmarkets.com/r/kkme3r
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