Office Buildings Are Expected to Record a Cagr of Almost 6% Over the Next Four Years, According to a New Study on ASDReports

Report description overview:
The new report now available on ASDReports provides detailed market analysis, information and insights into the Tunisian construction industry including Tunisian construction industry's growth prospects by market, project type and type of construction activity and analysis of equipment, material and service costs across each project type within Tunisia. You will also receive Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in Tunisian construction industry.

The difference:

Gain an understanding of the latest industry and market trends enabling you to adjust your business plan accordingly.
Assess market growth potential at a micro-level with over 600 time-series data forecasts.
Identify various approaches to enter these markets, and capitalize on the available opportunities, should you be wishing to diversify your business offerings.

Report highlights:
The Tunisian construction industry recorded a CAGR of almost 4% during 2008–2013 and valued over TND9 billion in 2013. This was supported by the government-led social housing projects and increased foreign direct investment (FDI) in the real estate sector. Despite the economic and political instability, the industry’s outlook is favorable, due to the government’s focus on improving the country’s infrastructure and residential requirements. Industry growth will also be driven by developments in the tourism and retail sectors, as well as the country’s new investment code, which includes several blocks, such as guarantees on investment and access to investment incentives. The construction industry’s output is expected to record a CAGR of over 5% over the next four years to value more than TND12 billion in 2018.

The leisure and hospitality, office and retail buildings categories were the market’s key growth drivers in the commercial construction market which accounted for over 11% of the total construction output last year. Over the forecast period, the market will be supported by growth in the tourism and retail sectors, and the need to address the problem of unemployment in Tunisia.
Industrial construction was the third-largest market in the Tunisian construction industry last year, accounting for more than 13% of total industry value. This was supported by the manufacturing plants, and chemicals and pharmaceutical plants categories. Over the forecast period, the manufacturing plants and refinery buildings categories are expected to be the market’s main growth drivers, due to the government’s investment reforms and increasing exports.