For the past half-decade the real estate market in Brunei Darussalam has been dominated by massive government housing projects that cater to the unfulfilled residential demand in the Sultanate. According to the Ministry of Development, 17,500 units will be built by 2014, which should meet demand levels through 2012, and another 18,000 units are...
Land for private construction for residential, commercial or industrial purposes is limited in Brunei Darussalam, creating some constraints for the construction industry. Only about 5% of the Sultanate’s land area is available for private acquisitions, and nearly 75% of this is used for agricultural purposes, according to a 2009 report by the ASEAN...
The government of Brunei Darussalam has in recent years put a great deal of effort into planning new projects, keeping contractors’ interest with its willingness to spend significant sums. However, the construction sector has encountered a number of delays in both the planning and execution of its projects. The construction sector had a relatively...
Several years of strong investment, mainly driven by government initiatives to improve infrastructure and address a housing shortage, have boosted Brunei Darussalam’s construction industry. Major ongoing projects include upgrades to the Brunei International Airport, as well as the construction of the Brunei Cancer Centre, the Prime Minister’s Office...
As in many emerging economies, public spending on infrastructure and social programmes has stimulated Morocco’s construction industry, despite the global economic downturn that has greatly affected the sector in both the US and Europe. Social housing programmes have been a driving force in the industry a trend that is set to continue for the...
Prior to the beginning of the global economic downturn in 2008, Morocco’s real estate market drew considerable investment from multinational firms for the development of high-end villas, hotels, resorts and leisure facilities, aimed at a primarily foreign audience. Foreign direct investment in the real estate sector peaked at Dh9.15bn (€813m) in...
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