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 on-going projects include upgrades to the Brunei International Airport, as well as the construction of the Brunei Cancer Centre, the Prime Minister’s Office and several key roads and bridges. It is also...
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Chapter | Construction & Real Estate from The Report: Brunei Darussalam 2013
As ASEAN chair in 2013, Brunei Darussalam has a regional agenda to push forward alongside its domestic plans for the year. Chief among its local priorities is developing alternative resources streams in its economy, which has long been driven by its oil and natural gas revenues.
Economic update | Oman: Construction profit warning
18 Apr 2013
A number of new projects, concentrated on bolstering Oman’s infrastructure backbone, are currently filling the order books of domestic construction firms. However, some industry insiders have warned new regulations and a rising wages bill could see profit margins eroded even as activity increases.
Economic update | Egypt: Steel industry uncertainty
26 Mar 2013
After several years of strong demand growth, the economic slowdown and investment uncertainty associated with the 2011 revolution and its aftermath have dampened steel consumption in Egypt, leaving potential supply above demand. This gap partly explains the government’s decision to impose import tariffs, the rationale being that Egypt should not need imports if its domestic supply outstrips its own needs. For steel consumers, however, it is not necessarily that simple. They feel they should be free to import cheaper foreign products.
Economic update | The Philippines: Cementing growth
26 Mar 2013
A rising tide of investments in infrastructure development, combined with higher spending by the private sector, is set to drive the robust expansion of the construction sector, and in particular, the cement production segment. However, prices could be pushed up by rising demand as a number of large new infrastructure projects are rolled out.
Chapter | Construction & Real Estate from The Report: Gabon 2012
The construction industry has been a major driver of growth in recent years as Gabon has made moves to upgrade its infrastructure. These include major road projects, two new hydroelectric dams, port extensions and the construction of a new international terminal at Port-Gentil International Airport. Housing projects have also been important given the estimated deficit of 200,000 homes nationwide...