In the wake of the global financial crisis, Dubai’s construction sector has been slow to recover, with a near freeze on new developments. However, there are signs that the industry is beginning to move forward again.
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Economic update | Dubai: Momentum building again
9 Aug 2012
Interviews & Viewpoints | OBG talks to Keith Fletcher, Managing Director, Fletcher Morobe Construction from The Report: Papua New Guinea 2012
What public-private partnership (PPP) opportunities exist for infrastructure and construction?
Articles & Analysis | Labour crunch: Shortage of skilled workers constrains expansion but may be a source of future demand from The Report: Papua New Guinea 2012
Despite experiencing double-digit growth in 2011, Papua New Guinea’s construction industry is operating with increasingly restricted supplies of both materials and skilled labour. Surveys conducted by the Bank of PNG predict a decline in employment growth amongst the building and construction sectors in 2012, but the government has cautioned that...
Articles & Analysis | Hot, hotter, hottest: A correction seems likely, although opportunities remain in mid-market and affordable segments from The Report: Papua New Guinea 2012
A decade of solid growth on the back of high commodity prices, strong financial institutions and ExxonMobil’s $15.7bn investment in a liquefied natural gas (LNG) production facility have transformed Papua New Guinea’s economy. Confidence remained high ahead of elections in 2012, despite the political volatility, and the property market, a weather...
Articles & Analysis | Gas-fired growth: Despite constraints, expansion is expected to continue through 2014 from The Report: Papua New Guinea 2012
In 2011 Papua New Guinea’s economy was expected to experience 8.9% growth, driven primarily by the development of the $15.7bn ExxonMobil-led PNG Liquefied Natural Gas (LNG) project and its knock-on effects in the construction and related economic sectors. Further growth in 2012 will represent 12 years of uninterrupted economic expansion, and PNG’s...
Articles & Analysis | At last: Inroads are finally being made on land reform and ownership from The Report: Papua New Guinea 2012
Although it has 470,000 sq km of territory, just 5% of Papua New Guinea’s land is available for economic development, according to the National Research Institute (NRI). This long-standing paradox has impeded economic progress. However, a recent amendment issued in 2012 to the 2009 Incorporated Land Group (Amendment) Act (ILGA) provided the catalyst...