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Azerbaijani construction industry to grow at 7.7% to 2015
November 21, 2011
By wmi
The Azerbaijani construction industry is expected to grow at a CAGR of 7.7% to 2015 spurred by major investments in the infrastructure construction sector.
The industry is expected to grow to a value of $5.62 billion in 2015 as compared to a value of $3.88 billion in 2010. Maximum growth of 11.9% is expected in 2011 with growth expected to slow down gradually to 2015. In 2015, the growth is expected to be around 6.8%.
Infrastructure construction is expected to be the largest market in the industry with a market share of 36.4% with commercial construction expected to be the second largest market with a market share of 19.6%. The growth of these two sectors is expected primarily due to the presence of huge oil reserves in the country. With several energy majors looking to expand and the government trying to provide them with better infrastructure, the construction industry is expected to receive a major boost.
All these and many more facts and figures in addition to an in-depth analysis can be found in the report The Future of Construction in Azerbaijan to 2015: Infrastructure Development to Drive Future Growth published by World Market Intelligence (WMI).
To access the complete report, please visit our premium subscription Construction Intelligence Center product www.worldmarketintelligence.com/ic/construction
Posted by wmi on November 21, 2011 11:14 AM
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