Because of Iraq’s substantial oil and gas resources, Iraq ranks as the fourth largest market for projects in the region, with more than $400bn worth of schemes planned or underway. However, almost 44 percent of the projects planned in the country are currently in the design phase.
The ’Iraq Projects, H2 2024’ report provides an executive summary of the sector. It also covers key data such as the value of work awarded by year and sector, trends in project awards, the key clients and contractors, the top projects in each sector, and a forecast for the years ahead.
Scope
- The report provides key data such as the value of work awarded by year and sector, trends in project awards, the key clients and contractors, the top projects in each sector, and a forecast for the years ahead.
Segments Covered in the Report
Key Sectors
The key sectors among the Iraq projects are oil, gas, construction, transport, industrial, power, and water. The construction sector is the largest sector, followed by the transport sector. The construction sector in Iraq has seen a dynamic range of activity, marked by significant fluctuations in project values and investment levels. This variability reflects the sector’s evolving development trends and the broader economic and infrastructural shifts occurring in the country.
- Oil
- Gas
- Construction
- Transport
- Industrial
- Power
- Water
Key Projects
A few of the current top projects under execution in Iraq are:
- Nasiriya Integrated Project: Oil Field Development
- Basra Refinery Upgrade: FCC Unit
- Al Faw Petrochemical Complex
- Al Faw Refinery
Key Clients
A few of the top clients in Iraq are:
- South Refineries Company
- Ministry of Electricity, Iraq
- Ministry of Oil, Iraq
Key Contractors
A few of the key contractors associated with Iraq projects are:
- Hualu Engineering & Technology
- Shanghai Electric Group
- Power China
Iraq Projects - Market Dynamics
With its extensive oil and gas reserves, a sizable, well-educated workforce, and more than $321 billion in major planned and upcoming projects, the Iraqi market holds immense potential for anyone seeking new project opportunities in the Middle East. Most of the forthcoming projects are in the construction sector, with the oil, transport, gas, power, and petrochemical sectors coming next.
Infrastructure projects are a key focus, aiming to update existing facilities and build new ones to address increasing needs. This encompasses enhancements to transportation systems, energy infrastructure, and urban development. The objective is to boost economic growth, enhance public services, and improve regional connectivity.
Iraq Projects - Key Sectors
The largest sector in terms of work under execution was construction in H2 2024
The key sectors among the Iraq projects are oil, gas, construction, transport, industrial, power, and water. The construction sector is the largest sector, followed by the transport sector. The construction sector in Iraq has seen a dynamic range of activity, marked by significant fluctuations in project values and investment levels. This variability reflects the sector’s evolving development trends and the broader economic and infrastructural shifts occurring in the country.
Reasons to Buy
- Helps you identify trends in each sector, what industries are growing and shrinking
- Helps you identify key opportunities & challenges
- The report is unique in that it uses 'hard data' from actual projects to quantify different markets and sectors
- The report is the ultimate reference tool for an umbrella view of the project market
- The report provides historical, current and future project market information
Table of Contents
1. Executive summary
2. Iraq country overview
3. Iraq projects market
4. Oil and Gas
5. Construction
6. Transport
7. Industrial 8. Power and water
List of Tables
Table 1 Top Projects
Table 2 Biggest planned and un-awarded projects in Iraq
Table 3 Top Oil and Gas Sector Projects
Table 4 Biggest planned and un-awarded Oil and Gas projects in Iraq Due in Bidding Stage
Table 5 Biggest planned and un-awarded Oil and Gas projects in Iraq at Design, FEED or Study Stage
Table 6 Top Construction Sector Projects
Table 7 Biggest planned and un-awarded Construction projects in Iraq Due in Bidding Stage
Table 8 Biggest planned and un-awarded Construction projects in Iraq at Design, FEED or Study Stage
Table 9 Top Transport Sector Projects
Table 10 Biggest planned and un-awarded Transport projects in Iraq Due in Bidding Stage
Table 11 Biggest planned and un-awarded Transport projects in Iraq at Design, FEED or Study Stage
Table 12 Top Industrial Sector Projects
Table 13 Biggest planned and un-awarded Industrial projects in Iraq at Design, FEED or Study Stage
Table 14 Top Power and Water Sector Projects
Table 15 Biggest planned and un-awarded Power and Water projects in Iraq Due in Bidding Stage
Table 16 Biggest planned and un-awarded Power and Water projects in Iraq at Design, FEED or Study Stage
List of Figures
Figure 1 Iraq country map
Figure 2 GDP by sector, 2020 (%)
Figure 3 Iraq Nominal GDP vs. GDP Growth, 2012-24
Figure 4 Iraq budget, 2012-22 (IQD bn)
Figure 5 Gulf Projects Index Value of all projects in Iraq ($m)
Figure 6 Projects market by project status ($m)
Figure 7 Projects market by sector ($m)
Figure 8 Value of contract awards by year ($m)
Figure 9 Value of contract awards by year and sector ($m)
Figure 10 Value of contracts awarded in Iraq in July to December, 2012-21 ($m)
Figure 11 Number of Contracts Awarded 2012-21
Figure 12 Biggest clients in Iraq by value of contracts in execution ($m)
Figure 13 Biggest contractors in Iraq by contracts in execution ($m)
Figure 14 Projects planned but unawarded by status ($m)
Figure 15 Projects planned but unawarded by sector ($m)
Figure 16 Biggest clients in Iraq by value of contracts planned ($m)
Figure 17 Value of Oil and Gas contract awards by year ($m)
Figure 18 Oil and gas projects market by project status ($m)
Figure 19 Oil and gas projects market by subsector (%)
Figure 20 Value of Oil and Gas contract awards by year and subsector ($m)
Figure 21 Biggest Oil and Gas Sector clients in Iraq by value of contracts in execution ($m)
Figure 22 Biggest Oil and Gas Sector contractors in Iraq by contracts in execution ($m)
Figure 23 Oil and Gas Projects planned but unawarded by status ($m)
Figure 24 Oil and Gas Sector Projects planned but unawarded by subsector ($m)
Figure 25 Biggest Oil and Gas Sector Future Clients
Figure 26 Value of Construction contract awards by year ($m)
Figure 27 Construction projects market by project status ($m)
Figure 28 Construction projects market by subsector (%)
Figure 29 Value of Construction contract awards by year and subsector ($m)
Figure 30 Biggest Construction Sector clients in Iraq by value of contracts in execution ($m)
Figure 31 Biggest Construction Sector contractors in Iraq n by contracts in execution ($m)
Figure 32 Construction Projects planned but unawarded by status ($m)
Figure 33 Construction Sector Projects planned but unawarded by subsector ($m)
Figure 34 Biggest Construction Sector Future Clients
Figure 35 Value of Transport contract awards by year ($m)
Figure 36 Transport projects market by project status ($m)
Figure 37 Transport projects market by subsector (%)
Figure 38 Value of Transport contract awards by year and subsector ($m)
Figure 39 Biggest Transport Sector clients in Iraq by value of contracts in execution ($m)
Figure 40 Biggest Transport Sector contractors in Iraq by contracts in execution ($m)
Figure 41 Transport Projects planned but unawarded by status ($m)
Figure 42 Transport Sector Projects planned but unawarded by subsector ($m)
Figure 43 Biggest Transport Sector Future Clients
Figure 44 Value of Industrial contract awards by year ($m)
Figure 45 Industrial projects market by project status ($m)
Figure 46 Industrial projects market by subsector (%)
Figure 47 Value of Industrial contract awards by year and subsector ($m)
Figure 48 Biggest Industrial Sector clients in Iraq by value of contracts in execution ($m)
Figure 49 Biggest Industrial Sector contractors in Iraq by contracts in execution ($m)
Figure 50 Industrial Projects planned but unawarded by status ($m)
Figure 51 Industrial Sector Projects planned but unawarded by subsector ($m)
Figure 52 Biggest Industrial Sector Future Clients
Figure 53 Value of Power and Water contract awards by year ($m)
Figure 54 Power and Water projects market by project status ($m)
Figure 55 Power and Water projects market by subsector (%)
Figure 56 Value of Power and Water contract awards by year and subsector ($m)
Figure 57 Biggest Power and Water Sector clients in Iraq by value of contracts in execution ($m)
Figure 58 Biggest Power and Water Sector contractors in Iraq by contracts in execution ($m)
Figure 59 Power and Water Projects planned but unawarded by status ($m)
Figure 60 Power and Water Sector Projects planned but unawarded by subsector ($m)
Figure 61 Biggest Power and Water Sector Future Clients
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- South Refineries Company
- Ministry of Electricity, Iraq
- Ministry of Oil, Iraq
- Hualu Engineering & Technology
- Shanghai Electric Group
- Power China
