Construction in Iraq: Construction Industry forms Largest Employment Sector

Posted by Deeksha on October 24th, 2019

Construction in Iraq suffers from multiple problems related to performance such as cost, safety, time and quality. Iraq’s political and security conditions have negatively influenced construction industry and delayed construction projects. Construction in Iraq is evolving with adoption of structured methodology and technique. An intelligence report titled, “Construction in Iraq – Key Trends and Opportunities to 2023” is the source of all the stated insights. This report is the latest addition to Market Research Hub’s ever growing repository. Time overrun is a significant issue hindering construction industry growth in Iraq by making substantial difference in financial and social segment. Time overrun is presumed to be a critical factor influencing project delivery within defined time. Projects tend to exceed the defined delivery date due to deteriorating security situations. Government agencies and construction contractors implement fuzzy logic and relative importance index to estimate the time overrun in various construction projects.

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Building Information Modelling technique

Construction in Iraq is reviving by using modern techniques such as Building Information modelling (BIM) in design phase of construction projects. BIM is used by engineering and architectural specialists as collaborative tool to enhance the construction planning. Although the 4D/BIM use is expanding in construction industry, many challenges including lack of government support and legal issues keep surging up. 4D/BIM reduces planning phase design problems in Iraq construction projects, thereby saving time and cost.

Rapid reconstructions initiated

Construction industry has emerged as largest employment sector in private owned landscape of Iraq. Rapid reconstructions have been initiated by government of Iraq after receiving support from international community. Iraq’s reconstruction and development framework is addresses recovery needs with five major priorities that include national peace building and reconciliation, infrastructure, governance, social & human development and economic development. Government of Iraq has prioritized investment allocation for reconstruction of ISIS liberated areas.

Developments in construction sector in Iraq boosts oil prices and overall GDP. An array of factors that include cost of security, cost due to corruption, security measures, bureaucracy, resource availability and payment delays significantly influence construction projects in Iraq. Reform in construction in Iraq has been initiated and is expected to bring economic prosperity.

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Construction in Iraq: Report Synopsis

Quantitative and qualitative assessment exhort intelligence and overarching report on the Construction in Iraq. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the Construction in Iraq. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on construction in Iraq.

An insightful and deep-dive assessment of the competitive assessment of the Construction in Iraq pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the Construction in Iraq. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.

Construction in Iraq: Research Methodology

Primary sources and secondary sources propel intelligence report on Construction in Iraq that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.

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Joined: January 3rd, 2019
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