1 Executive Summary

2 Construction Outlook: At-a-glance

3 Latest News and Indicators

4 Key Drivers and Risks
4.1. Economic Performance
4.2. Political Environment
4.3. Demographics
4.4. Risk Profile

5 Construction Outlook
5.1. All Construction
5.1.1. Outlook
5.1.2. Project analytics
5.2. Commercial Construction
5.2.1. Outlook
5.2.2. Project analytics
5.3. Industrial Construction
5.3.1. Outlook
5.3.2. Project analytics
5.4. Infrastructure Construction
5.4.1. Outlook
5.4.2. Project analytics
5.5. Energy and Utilities Construction
5.5.1. Outlook
5.5.2. Project analytics
5.6. Institutional Construction
5.6.1. Outlook
5.6.2. Project analytics
5.7. Residential Construction
5.7.1. Outlook
5.7.2. Project analytics

6 Key Industry Participants
6.1. Contractors
6.2. Consultants

7 Appendix
7.1. What is this Report About?
7.2. Definitions

8 About GlobalData
8.1. GlobalData at a Glance
8.2. GlobalData Construction
8.3. Disclaimer
8.4. Contact Us

List of Tables
Table 1: Construction Outlook
Table 2: Russia, Key Economic Indicators
Table 3: Russia, Construction Output Value (nominal, RUB Billion)
Table 4: Russia, Construction Output Value (nominal, US$ Million)
Table 5: Russia, Top Commercial Construction Projects by Value
Table 6: Russia, Top Industrial Construction Projects by Value
Table 7: Russia, Top Infrastructure Construction Projects by Value
Table 8: Russia, Top Energy and Utilities Construction Projects by Value
Table 9: Russia, Top Institutional Construction Projects by Value
Table 10: Russia, Top Residential and Mixed-Use Construction Projects by Value
Table 11: Russia, Key Contractors
Table 12: Russia, Key Consultants
Table 13: GlobalData Construction Market Definitions
Table 14: Construction Risk Index Ratings and Scores

List of Figures
Figure 1: Key Markets, Construction Output Growth Matrix and Risk Matrix
Figure 2: Russia, Construction Projects Pipeline by Sector (RUB Billion)
Figure 3: Russia, Risk Profile
Figure 4: Russia, Risk Comparison
Figure 5: Russia, Construction Output Value (Real, US$ billion, 2017 prices and exchange rate)
Figure 6: Russia, Construction Output Value, Growth Matrix
Figure 7: Russia, Construction Output Value, by Sector (RUB Billion), 2014-2023
Figure 8: Russia, Construction Projects Pipeline, Projected Annual Spending by Stage (RUB Billion), 2018-2023
Figure 9: Russia, Construction Projects Pipeline, Value by Stage (RUB Billion)
Figure 10: Russia, Commercial Construction Output by Project Type (RUB Billion), 2014-2023
Figure 11: Russia, Commercial Construction Projects Pipeline, Value by Stage (RUB Billion)
Figure 12: Russia, Commercial Construction Projects Pipeline, Projected Annual Spending by Stage (RUB Billion), 2018-2023
Figure 13: Russia, Industrial Construction Output by Project Type (RUB Billion), 2014-2023
Figure 14: Russia, Industrial Construction Projects Pipeline, Value by Stage (RUB Billion)
Figure 15: Russia, Industrial Construction Projects Pipeline, Projected Annual Spending by Stage (RUB Billion), 2018-2023
Figure 16: Russia, Infrastructure Construction Output by Project Type (RUB Billion), 2014-2023
Figure 17: Russia, Infrastructure Construction Projects Pipeline, Value by Stage (RUB Billion)
Figure 18: Russia, Infrastructure Construction Projects Pipeline, Projected Annual Spending by Stage (RUB Billion), 2018-2023
Figure 19: Russia, Energy and Utilities Construction Output by Project Type (RUB Billion), 2014-2023
Figure 20: Russia, Energy and Utilities Construction Projects Pipeline, Value by Stage (RUB Billion)
Figure 21: Russia, Energy and Utilities Construction Projects Pipeline, Projected Annual Spending by Stage (RUB Billion), 2018-2023
Figure 22: Russia, Institutional Construction Output by Project Type (RUB Billion), 2014-2023
Figure 23: Russia, Institutional Construction Projects Pipeline, Value by Stage (RUB Billion)
Figure 24: Russia, Institutional Construction Projects Pipeline, Projected Annual Spending by Stage (RUB Billion), 2018-2023
Figure 25: Russia, Residential Construction Output by Project Type (RUB Billion), 2014-2023
Figure 26: Russia, Residential Construction Projects Pipeline, Value by Stage (RUB Billion)
Figure 27: Russia, Residential Construction Projects Pipeline, Projected Annual Spending by Stage (RUB Billion), 2018-2023
Figure 28: Russia, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 29: Russia, Headquarters of Foreign Contractors (% of Project Pipeline with Foreign Contractor)
Figure 30: Russia, Headquarters of Key Consultants (% of Total Project Pipeline)
Figure 31: Russia, Headquarters of Foreign Consultants (% of Project Pipeline with Foreign Consultants)

Title: Construction in Russia - Key Trends and Opportunities to 2023

Summary
Following a negative growth in 2017, construction activities in Russia picked up sharply in 2018, with the start of work on the liquefied natural gas (LNG) projects providing a spurt, along with work related to host the 2018 Fifa World Cup. As a result, the country’s construction industry grew by 4.7% in real terms in 2018, compared to -1.2% in 2017. The government invested RUB904.6 billion (US$14 billion) on the development of hotels, transport facilities and other related infrastructure in 11 cities of the country to host the 2018 Fifa World Cup.

The industry is expected to continue to grow over the forecast period (2019-2023), supported by the government’s effort to revitalize economic growth through investments in residential, transport and energy infrastructure projects. Under the National Projects 2019-2021, the government plans to spend RUB5.7 trillion (US$88.2 billion) on the development of transport, healthcare, education and housing infrastructure during the period of 2019-2021.

In real terms, the industry’s output value is expected to post a forecast-period CAGR of 2.54%, to value US$217.6 billion in 2023, measured at constant 2017 US dollar exchange rates. However, downside risks to the forecast remain pertinent; the economy is vulnerable to fluctuations in oil prices, and western sanctions are expected to remain in place for some time.

Residential construction was the largest market in the industry during the review period, accounting for 39.2% of its total value in 2018. The market is expected to retain its leading position over the forecast period, supported by the government’s plan to build residential buildings. Energy and utilities construction accounted for 21.7% of the industry’s total output in 2018, followed by infrastructure construction with 19.1%, commercial construction with 10.5%, industrial construction with 7.2% and institutional construction with 2.3%.

The total construction project pipeline in Russia including all mega projects with a value above US$25 million - stands at RUB80.6 trillion (US$1.3 trillion). The pipeline, which includes all projects from pre-planning to execution, is skewed to late-stage projects, with 63.1% of the pipeline value being projects in the pre-execution and execution stages as of August 2019.

The report “Construction in Russia - Key Trends and Opportunities to 2023” provides detailed market analysis, information and insights into the Russian construction industry, including:

- Historical (2014-2018) and forecast (2019-2023) valuations of the construction industry in Russia, featuring details of key growth drivers
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline
- Listings of major projects, in addition to details of leading contractors and consultants

Furthermore, the report helps the user to -

- Identify and evaluate market opportunities using standardized valuation and forecasting methodologies
- Assess market growth potential at a micro-level with over 600 time-series data forecasts
- Understand the latest industry and market trends
- Formulate and validate strategy using critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors

Scope
This report provides a comprehensive analysis of the construction industry in Russia.

It provides -
- Historical (2014-2018) and forecast (2019-2023) valuations of the construction industry in Russia, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants