The construction sector is in the midst of a boom thanks to infrastructure outlays under the 10th Malaysia Plan. The highlight is the Klang Valley Mass Rapid Transit (KVMRT), which includes contracts potentially worth over $20bn through 2018. Other state-driven projects include the Pengerang petrochemical facility, the Tun Razak Exchange and several highways, although the government is promoting...
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Chapter | Construction & Real Estate from The Report: Malaysia 2012
With one of the world’s most commanding positions in the global energy industry and a growing role in regional diplomacy, Qatar has seen many returns on the political and economic investments it has made in the past two decades.
Oil and gas production continues to dominate the Algerian economy, accounting for almost all of exports, close to half of government revenue and over a third of GDP. In recent years non-hydrocarbons GDP has outstripped wider economic growth, though this is largely driven by public spending rather than private sector activity.
Thailand’s green building and energy efficiency construction sector, which may need BT400bn ($13bn) in spending over the next two decades, is looking toward better certification standards and government incentives to drive growth. Figures released by the Department of Alternative Energy Development and Efficiency (DEDE) show that BT216bn ($7bn) was spent on energy efficiency between 2003 and 2011, highlighting the growing awareness of sustainability and conservation within Thailand in recent years.
Articles & Analysis | Rising costs: Despite increasing prices, projects continue to attract interest from The Report: Qatar 2012
The construction boom being fuelled by a number of massive infrastructure and real estate projects across the GCC region is driving up the cost of construction and exposing several bottlenecks in regional supply chains. Qatar is particularly vulnerable to these costs as it seeks to develop billions of dollars worth of projects in time for the FIFA...
Articles & Analysis | Preparing the ground: Materials prices remain a key issue, with a major uptick in development expected in the medium term from The Report: Qatar 2012
The slow construction market may have frustrated contractors, but it has provided plenty of opportunities for developers – both public and private – to build at a discount. Construction costs have come down considerably from the peak of 2008, when basic material prices were significantly distorted by an overheating market. However, while such prices...