The launch of an RM3bn ($984.15m) mixed-use development in Kota Kinabalu, the capital of Sabah, earlier this year is expected to provide a boost to the Malaysian state’s dynamic construction sector.
Construction
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Economic update | Perú: Construcción en progreso
22 Mar 2012
El rápido crecimiento económico de los últimos años ha originado un boom en el sector construcción que ha transformado el panorama urbano del Perú. Sin embargo, a pesar de la expansión de 75,2% del segmento en los últimos cinco años, se estima que el déficit de vivienda todavía requiere de una inversión de $13.500 millones en los próximos diez años para cerrar la brecha, según la Cámara de Comercio de Lima.
Economic update | Abu Dhabi: Infrastructure focus
22 Mar 2012
Abu Dhabi’s construction sector appears set to return to near-full capacity, with the government announcing it is reactivating a number of major development projects and stepping up spending on infrastructure development. In late January, the government unveiled its revised construction programme, putting a number of formerly stalled projects on the top of its investment agenda.
Economic update | RAK: Turnaround for construction
19 Mar 2012
With the new year underway, things are already looking up for Ras Al Khaimah’s (RAK) construction sector. Although financial results from contractors and materials suppliers reflect the economic impact of instability in key markets during 2011, progress on recent projects, announcements of new infrastructure developments and trickle-down effects of a rising tourism industry all pointing toward expansion for the sector.
Economic update | Oman: Spending on building
9 Mar 2012
With an increase in both government and private sector spending as a series of new infrastructure, tourism and social services projects are rolled out, Oman’s construction sector is set to experience robust growth in the coming years. The sheer scale of the building programme, however, could test the capacity of the industry.
The Philippines’ construction sector appears set for a busy year, with the state planning to inject billions into the industry. While the government’s infrastructure programme continues to ramp up, the country’s contractors are looking forward to increased public spending after a slower-than-expected 2011.