Around 55% of the world’s population – or 4.2bn people – lived in urban areas in 2018, up from 47% in 2000, according to the UN. Because of the rapid rate of urbanisation, this figure is expected to reach 68% by 2050, with growth concentrated in Latin America, the Middle East and North Africa (MENA), sub-Saharan Africa and Asia. The shift towards the cities put the onus on the...
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Articles & Analysis | Data-driven technologies to revolutionise construction sectors of emerging economies from The Report: Trinidad & Tobago 2020
Interviews & Viewpoints | Jean-Paul de Meillac, CEO, Terra Caribbean: Interview from The Report: Trinidad & Tobago 2020
Articles & Analysis | Construction in Trinidad and Tobago to recover on the back of large-scale infrastructure projects from The Report: Trinidad & Tobago 2020
Following a period of subdued activity, a steady flow of projects in 2019 have seen Trinidad and Tobago’s construction industry experience healthier growth in recent years. However, obtaining private sector funding remains a challenge, due to a decline in banks’ lending activity. Nevertheless, in November 2019 Glenn Mahabirsingh, president of the T&T Contractors...
Articles & Analysis | Trinidad and Tobago to tackle affordable housing deficit and expand commercial real estate from The Report: Trinidad & Tobago 2020
Trinidad and Tobago’s housing market has fluctuated over recent decades in line with international oil prices and the overall health of the global economy. The sector grew rapidly between 1991 and 2006, with the most notable development occurring in the capital, Port of Spain, and the areas close to Point Lisas, the centre of the country’s petrochemicals industry. However,...
Chapter | Construction & Real Estate from The Report: Trinidad & Tobago 2020
Following a period of subdued activity, a steady flow of projects in 2019 has seen Trinidad and...
Trinidad and Tobago is the largest producer of oil and gas in the Caribbean. While there is a need to diversify the economy away from its dependence on hydrocarbons, a number of new discoveries in late 2019 appear set to support a short-term recovery in the energy sector and lend financing to the wider economy.