"Yemen Infrastructure Report Q1 2015" Published

Yemen struggles to attract significant investment interest to its construction sector due to under-powered growth potential. An uncertain security outlook and political turbulence are also expected to weaken growth in the medium term with real industry growth of just 1. 9 % in 2015 and an average of 2.1% over the forecast period until 2023.

Key Trends And Developments

* The government's announcement that it has allocated USD2.8bn towards infrastructure projects in its 2014 budget is welcome news for the sector. The move is expected to stimulate both economic growth and create job opportunities.
* The country's industry rewards score remains well below the regional average placing it bottom of our table for this indicator due to Yemen's heavy reliance on financial assistance and the country's poor absorption of international aid.
* The draining of Yemen's oil reserves will put downward pressure on exports, with negative consequences for GDP growth and currency strength. China nevertheless represents a bright spot for Yemen's construction sector with the signing of multiple deals to develop new power plants and ports.
* The World Bank agreed to provide a USD133.54mn grant to the Yemeni government to build the first phase of a 710km long highway in Yemen. The highway, which will connect Sa'ada to Aden, is likely to be built in three phases. The first phase of the highway project will comprise a 140km road from Aden to Taiz. The project will cost about USD2bn. The Saudi Development Fund will also provide another tranche of financing for the project.
* The security situation in Yemen has worsened steadily following the end of the 34-year rule of President Ali Abdullah Saleh. We expect security risks to remain elevated over the coming quarters, ensuring that foreign and domestic investment into infrastructure remains modest in 2015.

Full Report Details at
- http://www.fastmr.com/prod/951149_yemen_infrastructure_report_q1_2015.aspx?afid=301

The Yemen Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Yemen Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Yemeni infrastructure and construction industry.

Key Benefits

* Benchmark BMI's independent infrastructure industry forecasts for Yemen to test other views - a key input for successful budgetary and planning in the Yemeni infrastructure market.

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