Bahrain Transportation Infrastructure Construction Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 8.03 Billion |
| Market Size (2029) | USD 9.54 Billion |
| CAGR (2024 - 2029) | 3.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Bahrain Transportation Infrastructure Construction Market Analysis
The Bahrain Transportation Infrastructure Construction Market size is estimated at USD 8.03 billion in 2024, and is expected to reach USD 9.54 billion by 2029, growing at a CAGR of 3.5% during the forecast period (2024-2029).
- The market is driven by the huge investments pouring in through government initiatives in line with 2030 goals. Furthermore, the market is driven by urban and international transportation infrastructure development.
- Bahrain announced over 22 strategic infrastructure projects worth more than USD 30 billion as part of its 2021 Economic Recovery Plan, including constructing five artificial islands. These initiatives will be funded mainly through public-private partnerships. This emphasis on construction is consistent with the Kingdom's economic development strategy Vision 2030.
- 11 foreign and domestic businesses have been prequalified by Bahrain's Ministry of Transportation and Telecommunications for Phase One of the USD 2 billion Bahrain Metro Project as of May 2022.
- The USD 1.1 billion Bahrain International Airport Modernization Program is one of the most significant projects in this pipeline. The main contract was awarded to a consortium led by Arabtech Construction and TAV Construction from the United Arab Emirates.
- The King Hamad Causeway is also in the works, with construction set to begin in 2024. This new rail and road causeway project connecting Saudi Arabia and Bahrain overland will parallel the existing 25 the King Fahd Causeway. It will provide new lanes to support additional passenger and cargo traffic and a rail line connecting Bahrain to the central GCC railway and the existing Saudi rail network. In the first quarter of 2023, the Kingdom of Bahrain was to issue a tender to construct its new light rail network. The Metro in Bahrain, as the endeavor is called, will be implemented in four phases and reach 109 kilometers upon completion.
- The King Hamad American Mission Hospital, currently under construction for USD 66 million, is scheduled to open in late 2022. Bahrain's tourism and real estate development strategy also includes medical-tourism projects, such as the USD 300 million King Abdullah Medical City Hospital that is scheduled to open in 2022, as well as the beginning of mixed-use real estate projects at Bahrain Bay, Bahrain Marina, Diyar Al Muharraq, Water Garden City, Dilmunia, and Thai Mar.
Bahrain Transportation Infrastructure Construction Market Trends
Government initiatives and huge investments driving the market
Bahrain announced over 22 strategic infrastructure projects worth more than USD 30 billion as part of its 2021 Economic Recovery Plan, including constructing five artificial islands.
These initiatives will be funded mainly through public-private partnerships. This emphasis on construction is consistent with the Kingdom's economic development strategy Vision 2030. The USD 1.1 billion Bahrain International Airport Modernization Program is one of the most significant projects in this pipeline.
The main contract was awarded to a consortium led by Arabtech Construction and TAV Construction from the United Arab Emirates. Several US firms have won smaller subcontracts as part of the overall expansion project. The first phase, completed in early 2021, nearly doubled the airport's passenger capacity to 14 million passengers annually.
Bahrain's Ministry of Transportation and Telecommunications has prequalified 11 international and local Bahraini companies for Phase One of the USD 2 billion Bahrain Metro Project, which will begin in May 2022. The project is expected to deliver a 109-kilometer light rail system capable of carrying over 43,000 passengers per hour and consisting of four separate lines with two interchanges and more than 20 passenger stations.
The King Hamad Causeway is also in the works, with construction set to begin in 2024. This new rail and road causeway project connecting Saudi Arabia and Bahrain overland will parallel the 25 km-long King Fahd Causeway. It will provide new lanes to support additional passenger and cargo traffic and a rail line connecting Bahrain to the central GCC railway and the existing Saudi rail network.
Vision 2030 and allied projects driving the market
- The Kingdom of Bahrain's government has given the development of the technical infrastructure a great deal of priority, reflecting its unwavering conviction that modern technology benefits and privileges are crucial for advancing the national economy and creating an environment conducive to the growth of both the private and public sectors. As a result, the Kingdom of Bahrain has steadily built over the past few years a strategic strategy for moving to Cloud Policy First, making Bahrain the first Middle Eastern nation and one of the top states in the world to adopt cloud computing.
- Bahrain has seen a paradigm shift with the other Gulf Cooperation Council (GCC) members. On the one hand, the economies of the GCC are changing course to become more competitive and sustainable by investing in future-defining and oil-proof industries like services, technology, and renewable energy. On the other hand, the global adoption of innovation and digitalization accelerated due to the COVID-19 pandemic. In response, GCC nations intensified their efforts to diversify their economies, emphasizing foreign direct investments. Bahrain may now want to think about the specific developing potential for FDI to carve a sustainable, specialized niche within an increasingly tech-oriented global economy in light of these trends and their unique configuration.
- With over USD 210 billion in total assets, Bahrain remains a significant player in the regional financial services industry. According to the Bahrain Economic Development Board, the largest non-oil sector in Bahrain's economy is financial services, contributing about 18% of GDP in 2020. Although the UAE and KSA's financial services industries are well-diversified and strong, there is room for improvement in the GCC's trade finance transparency. Bahrain might meet this requirement by setting up a business that offers ratings for trade finance deals and expanding these ratings internationally. Bahrain can build such a platform using cutting-edge technology like blockchain.
Bahrain Transportation Infrastructure Construction Industry Overview
The Bahrain transportation infrastructure construction market is relatively fragmented, with a large number of local players, including Projects Holding Company WLL, Delta Construction Co., Bahrain Motors Company WLL. Al, Hassanain Company WLL, Kooheji Contractors WLL, and Eastern Asphalt and Mixed Concrete Co. as the major players. The demand for sustainability and technological advancements in the transport infrastructure construction market is increasing, and companies in the region are expected to adapt and remain competitive.
Bahrain Transportation Infrastructure Construction Market Leaders
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Projects holding company W.L.L
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Delta construction Co
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Eastern Asphalt and Mixed Concrete Co
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Bahrain Motors Company WLL
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Bahrain Foundation Construction Co WLL. ...
*Disclaimer: Major Players sorted in no particular order
Bahrain Transportation Infrastructure Construction Market News
- February 2023: A significant milestone is the Delhi Metro Rail Corporation (DMRC) awarded the contract to build Bahrain Metro's Phase-1 Project. The project entails the construction of a 20-station, almost 3030-kilometer network. It has a Memorandum of Understanding (MOU) with BEML Limited, according to DMRC. By the agreement, BEML will assist in the production and supply of rolling stock. On the other hand, DMRC will support the Bahrain Metro Project by offering knowledge in project planning and budgeting and working on contractual duties. It also stated that the arrangement was inked for USD 2 billion.
- November 2022: An MOU was inked by Sierra Nevada Corporation (SNC) and Texel Air Bahrain to create a strategic partnership to expand Middle Eastern and global aviation potential. The MOU outlined a deal to establish a special-purpose vehicle with a particular provision to develop the Texel brand and AOCs into other selected areas of interest to acquire funding for Texel's fleet and facility growth in Bahrain. Texel Air, a Bahrain-based freight carrier and MRO, recently added a second B737-800 Boeing Converted Freighter (BCF) to its fleet. A third aircraft will begin its conversion this December, and two more aircraft are scheduled to fly in 2023.
Bahrain Transportation Infrastructure ConstructionMarket Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
2.1 Analysis Methodology
2.2 Research Phases
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Dynamics
4.2.1 Market Drivers
4.2.1.1 Government initiatives and huge investments driving the market
4.2.1.2 Vision 2030 and allied projects driving the market
4.2.2 Market Restraints
4.2.2.1 High construction costs affecting the market
4.2.2.2 Limited land availability affecting the growth of the market
4.2.3 Market Opportunities
4.2.3.1 Development of new construction technology
4.2.3.2 Development of new transportation hubs
4.3 Value Chain/Supply Chain Analysis
4.4 Industry Policies and Regulations
4.5 Technological Developments in the Sector
4.6 Industry Attractiveness - Porter's Five Forces Analysis
4.6.1 Bargaining Power of Suppliers
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 Mode
5.1.1 Roads
5.1.2 Railways
5.1.3 Airports
5.1.4 Waterways
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Projects Holding Company WLL
6.2.2 Delta Construction Co.
6.2.3 Bahrain Motors Company WLL
6.2.4 Al Hassanain Company WLL
6.2.5 Kooheji Contractors WLL
6.2.6 Eastern Asphalt and Mixed Concrete Co.
6.2.7 Bahrain Foundation Construction Co. WLL
6.2.8 Ramsis Engineering
6.2.9 Bokhowa Group WLL
6.2.10 Down Town Construction Co. WLL*
- *List Not Exhaustive
7. FUTURE OF THE MARKET
8. APPENDIX
Bahrain Transportation Infrastructure Construction Industry Segmentation
Transportation infrastructure is referred to as the framework that facilitates the transportation system. Roads, railways, ports, and airports are all part of it. Daily, transportation infrastructure connects people to jobs, healthcare facilities, educational institutions, etc. It makes it easier to provide and receive goods and services worldwide.
A complete background analysis of the Bahrain transportation infrastructure construction market, including the assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, and geographical trends, and COVID-19 impact, is covered in the report.
The Bahrain transportation infrastructure construction market is segmented by mode (roads, railways, airports, and waterways).
The report offers the market size and forecast in value (USD) for all the above segments.
| Mode | |
| Roads | |
| Railways | |
| Airports | |
| Waterways |
Bahrain Transportation Infrastructure ConstructionMarket Research FAQs
How big is the Bahrain Transportation Infrastructure Construction Market?
The Bahrain Transportation Infrastructure Construction Market size is expected to reach USD 8.03 billion in 2024 and grow at a CAGR of 3.5% to reach USD 9.54 billion by 2029.
What is the current Bahrain Transportation Infrastructure Construction Market size?
In 2024, the Bahrain Transportation Infrastructure Construction Market size is expected to reach USD 8.03 billion.
Who are the key players in Bahrain Transportation Infrastructure Construction Market?
Projects holding company W.L.L, Delta construction Co, Eastern Asphalt and Mixed Concrete Co, Bahrain Motors Company WLL and Bahrain Foundation Construction Co WLL. ... are the major companies operating in the Bahrain Transportation Infrastructure Construction Market.
What years does this Bahrain Transportation Infrastructure Construction Market cover, and what was the market size in 2023?
In 2023, the Bahrain Transportation Infrastructure Construction Market size was estimated at USD 7.76 billion. The report covers the Bahrain Transportation Infrastructure Construction Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Bahrain Transportation Infrastructure Construction Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Bahrain Transportation Infrastructure ConstructionIndustry Report
Statistics for the 2024 Bahrain Transportation Infrastructure Construction market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Bahrain Transportation Infrastructure Construction analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
