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Crane index

KPMG Deal Advisory

To increase the awareness of and contribute to Georgian construction market, KPMG in Georgia has started the publication of the biannual study of Crane Index for Tbilisi, Georgia. The Crane Index is a tool utilized across the world in order to monitor the activity in the construction sector. By physically counting the number of cranes in a city on a periodic basis, it enables the reader to understand the construction trend over time.



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In the crane index survey we count the number of cranes currently installed throughout Tbilisi. During our survey we have covered the tower cranes and, due to the identification complexity, excluded the mobile (small) cranes.

As of the first quarter of 2017 we have identified a total of 107 cranes installed at the construction sites, out of which 17 cranes have been idle either because of suspended construction works or due to them being dismantled.

The results of our survey have also revealed that the construction of mixed-use buildings have been the most attractive for developers and private investors, with approximately 41% of construction works being related to multifunctional complexes followed by residential premises (33%). The latter involves the development of a mix of residential, commercial, office and hotel premises.

During our survey, we have identified 107 cranes installed in different parts of the city, with the most constructions identi fied in the western part of Tbilisi. It is important, to outline, that we have allocated cranes among the regions based on official administrative borders of the city of Tbilisi publ ished by the National Agency of Public Registry (NAPR). The area covered by our survey amounts to 262 km2, representing 52% of the total area of the city. Regions with populations of less than 10,000 individuals (Lilo, Telovani, Tskneti etc.) were excluded from our analysis.

As evident on the map below, the leading region with the highest number of construction sites is Saburtalo (36 cranes), followed by Vake (25), together covering more than 57% of all cranes. The highest concentration of construction in Saburtalo and Vake can be explained by their attractiveness, popularity among the citizens and increased commercial activity (Vake is perceived as the most prestigious district in the city). In order to make the regions and number of cranes comparable, we have calculated two ratios: 1) the density of population for each region (ratio of population divided by area); and 2) ratio of number of cranes per 1,000 persons for each region.

© 2018 KPMG Georgia LLC, a company incorporated under the Laws of Georgia, a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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