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    Syria Construction Sector : Market Structure

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    jaga67
    The document discusses Syria's construction sector and economy. It notes that unlike other countries in the region, Syria's government budget does not allow for huge increases in infrastructure spending. To boost construction, Syria is pursuing public-private partnerships but still faces challenges in financing, risk sharing, and arbitration. While Syria's construction market is growing fast, it remains relatively small and local firms often lack capacity for large projects. Bringing in foreign developers and contractors could help increase efficiency and build local capacity. Ambitious government plans may not all come to fruition but show Syria's goals for the future.

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    Syria Construction Sector : Market Structure

    Uploaded by

    jaga67
    65 views1 page
    The document discusses Syria's construction sector and economy. It notes that unlike other countries in the region, Syria's government budget does not allow for huge increases in infrastructure spending. To boost construction, Syria is pursuing public-private partnerships but still faces challenges in financing, risk sharing, and arbitration. While Syria's construction market is growing fast, it remains relatively small and local firms often lack capacity for large projects. Bringing in foreign developers and contractors could help increase efficiency and build local capacity. Ambitious government plans may not all come to fruition but show Syria's goals for the future.

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    CostHandbook 32

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    The document discusses Syria's construction sector and economy. It notes that unlike other countries in the region, Syria's government budget does not allow for huge increases in infrastructure spending. To boost construction, Syria is pursuing public-private partnerships but still faces challenges in financing, risk sharing, and arbitration. While Syria's construction market is growing fast, it remains relatively small and local firms often lack capacity for large projects. Bringing in foreign developers and contractors could help increase efficiency and build local capacity. Ambitious government plans may not all come to fruition but show Syria's goals for the future.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    65 views1 page

    Syria Construction Sector : Market Structure

    Uploaded by

    jaga67
    The document discusses Syria's construction sector and economy. It notes that unlike other countries in the region, Syria's government budget does not allow for huge increases in infrastructure spending. To boost construction, Syria is pursuing public-private partnerships but still faces challenges in financing, risk sharing, and arbitration. While Syria's construction market is growing fast, it remains relatively small and local firms often lack capacity for large projects. Bringing in foreign developers and contractors could help increase efficiency and build local capacity. Ambitious government plans may not all come to fruition but show Syria's goals for the future.

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    Download as PDF, TXT or read online from Scribd
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    of 1

    4

    Syria construction sector*


    4.0 Value in US$, current market prices 3.5 3.0 2.5 2.0 1.5 1.0 0.5 2011 f 2012 f 2013 f 2014 f 2015 f 2005 2006 2007 2008 2009 2010 0.0 -5% -10% 10% 5% 0% Construction output, US$ current prices Construction growth real 20% Construction growth, % real 15%

    Syria economy and construction indicators*


    Market structure GDP, US$ nominal, 2009 GDP growth, real, 2009 GDP growth real, 2010-14 p.a. forecast Population, million GDP per capita (US$, PPP) Construction industry structure Construction industry, US$ nominal, 2009 Construction as % of GDP Real construction growth 2010-2014 p.a. 1.8bn 3.4% 7% est only 52.5bn 4% 5.5% 20.4 4,887

    Unlike other countries in the region, the Syrian governments budget does not allow for a huge increase in building and infrastructure expenditure. Syria is therefore looking to bring in public private partnerships (PPPs) to deliver planned investments. The drafting of PPP-specific legislation and the establishment of regulatory institutions are being widely applauded, but issues remain regarding financing, risk sharing and arbitration. Syrias construction market is still relatively small in size, but is growing fast. It is far from being a mature market and challenges exist. Local construction firms, faced with an increase of large-scale projects, often do not have the capacity and experience to deliver proposed schemes. More experienced foreign developers, contractors and consultants would help to increase the efficiency of project delivery and aid capacity in the Syrian construction market. Whether all currently planned projects will be realised remains to be seen, but nevertheless it shows that there are ambitious plans for Syria in the years ahead.
    *Source: Central Bank of Syria, IMF, Davis Langdon

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