While resources-related projects will always be the engine of the sector, the rising number of residential, hotel, retail, transportation and office developments are becoming increasingly important, as the country’s hosting of APEC in 2018 and the expanding middle class continue to shift Papua New Guinea’s construction priorities. Although a downturn in the commodity cycle, the end of...
Construction
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Chapter | Construction & Real Estate from The Report: Papua New Guinea 2018
Although Papua New Guinea’s macroeconomic slowdown, challenging business climate and falling global commodity prices have weighed on trade and investment in recent years, the country continues to offer high-potential opportunities to investors.
Chapter | Construction & Real Estate from The Report: Argentina 2018
An increasingly open market and policies to boost inclusivity are benefitting construction in Argentina. For example, a more transparent measure to subsidise mortgages for homebuyers has replaced supply-side stimulus packages, which should help disadvantaged populations. Meanwhile, efforts are being made to bridge the infrastructure gap and formalise labour. Public works and other construction...
In the mid-20th century, Argentina was a tantalising draw for investors and talent fleeing post-war Europe. However, questionable financial management in the 1990s led to excessive volumes of debt, hyperinflation and an unprecedented currency crisis. But in only two decades, Argentina has returned as a new focus of investors and companies. The newly elected government is working to recover the interest of American and European companies.
Chapter | Construction & Real Estate from The Report: Peru 2018
After two years of contraction and a slow first half of 2017, the construction sector recorded much-welcomed growth late in the year. In response to the political challenges and natural disasters of 2017, the government passed two milestone documents: an anti-corruption law and a PEN25.7bn ($7.9bn) Reconstruction Plan. Although the private segment contracted in 2017, positive results may...
With a new administration in place, local and international players in Peru have regained optimism. As one of South America’s top performers due to its reforms and fiscal discipline, the country is benefiting from rising commodity prices and an export-oriented mining sector. In addition, 2018 brought increased public expenditure, with notable rises in the budgets for education, health, infrastructure and reconstruction.