Construction in Belarus- Key Trends and Opportunities to 2017
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Transcript of Construction in Belarus- Key Trends and Opportunities to 2017
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Construction in Belarus – Key Trends
and Opportunities
to 2017
Category : Industry & Manufacturing
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Introduction to Report
Launch Date: December 27, 2013
Number of Pages: 65
Geography Coverage: Belarus
Available Format: PDF
Price For Single User License: USD 1,950
Price For Site License: USD 3,900
Price For Global User License: USD 5,850
Delivery Time: Within 24 Hours (During Working Days)
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About the Report
The Belarusian construction industry posted a compound annual growth rate (CAGR) of 30.93% during the review period (2008–2012). This growth was largely due to government efforts to liberalize the economy, develop an investment climate, modernize the country’s transport and logistics infrastructure, meet the rising demand for commercial and retail space, and construct a large volume of new homes.
Industry growth is expected to remain strong over the forecast period (2013–2017), as a result of the government’s focus on infrastructure and residential construction. Consequently, the industry output is expected to post a CAGR of 21.15% over the forecast period.
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Research Findings
The Belarusian economy is expected to grow in the range of 2.5−3.3% during 2014−2016, constrained by high interest rates and weak investment growth on the back of a volatile exchange rate and limited exports. Over 2017−2018, the country’s average GDP growth is projected to measure 3.7%, as domestic and external economic situations improve.
Construction is one of the most attractive and fastest-growing sectors in the Belarusian economy due to government initiatives to modernize infrastructure, build affordable homes and meet the demand for commercial space.
The Belarusian government is actively promoting the development of the construction industry in a move to support economic growth, maintain employment levels and help improve living conditions. Residential construction is being fostered in pursuit of these objectives, and, as a result, the total floor space of housing completed during the first nine months of 2013 stood at 3.7 million m2, compared to 3.4 million m2 during the same period in 2012, representing an annual increase of 8.8%.
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Research Findings Continues..
In order to improve transport services during the 2014 IIHF World Championship, the Belarusian government is focusing on rail infrastructure development. The need for improved transport systems will lead to transport infrastructure improvements over the forecast period.
Belarusian President Alexander Lukashenko, announced in May 2013 that the government would be launching a mass construction of rental housing. However, while this initially appeared as the government’s attempt to address the housing shortage problem, it was in fact aimed at generating further incomes for the regional government’s budget. This, along with the government facing financing issues, helps to explain why most of the 2013 construction plans for rental housing will not be completed. Despite this, the government announced in December 2013 that it intends to construct 2.5 million m2 of affordable houses in 2014. Moreover, the government also proposed to increase its 2014 budget spending on the housing construction to BYR46.9 trillion, an increase of 25% over 2013’s budget. Overall, the government’s rental housing program is expected to contribute to the growth in residential construction over the forecast period.
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Report Coverage
1. Executive Summary2. Market Overview3. Commercial Construction4. Industrial Construction5. Infrastructure Construction6. Institutional Construction7. Residential Construction8. Company Profile: Iterabelstroi LLC9. Company Profile: Triple LLC10.Company Profile: Belinte-Roba LLC11.Company Profile: BNK Holding12.Company Profile: ITC Engineering, LLC13.Market Data Analysis14.Appendix
For more details regarding Report coverage see the last slide
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Company Coverage
1. Iterabelstroi LLC
2. Triple LLC
3. Belinte-Roba LLC
4. BNK Holding
5. ITC Engineering LLC
For more details regarding Report coverage see the last slide
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About Market Research Reports, Inc.Market Research Reports provides a customized set of reports from reputed Publishers, built on the intelligence available within organizations and leverages on our motto of “Intelligence Redefined”.
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