Price: $ 1295
BMI View: While some revisions to historical data by the Yemeni statistical authorities have led us to make modest adjustments to our forecasts, our subdued growth outlook for the country's construction sector remains in place. Over the medium term, we expect persistent political uncertainty, weak government infrastructure spending and an unattractive investment climate to weigh on headline construction growth. We are forecasting the sector to expand by 0.9% and 1.2% in real terms in 2013 and 2014 respectively. Key developments in the sector: ? Recent events in Yemen underscore the impact of ongoing insecurity on the country's energy sector. In August alone the following incidents were reported: five soldiers were killed in an attack on Yemen's liquefied natural gas (LNG) facility operated b ...
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