The construction sector looks set to benefit from a major PPP initiative that should see its first big projects go to tender in 2012. Meanwhile, Manila is seeing robust growth, and the BPO boom is driving office development in Cebu City and beyond. There is demand for housing at all incomes levels, and while developers have typically focused on the high-margin luxury housing, affordable housing...
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Chapter | Construction & Real Estate from The Report: The Philippines 2012
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.
Articles & Analysis | Signs of recovery: Good fundamentals present opportunities for future growth from The Report: Kuwait 2012
Steady residential demand from a young and wealthy population and increased government spending on commercial development projects is helping the real estate market get back on track, with clear signs of recovery in the industry. Recent legislation, including new laws giving women stronger homeownership rights, and allowing Islamic banks to offer...
Articles & Analysis | Liquidity injection: An updated investment plan is set to boost the sector from The Report: Kuwait 2012
The Kuwait Investment Authority (KIA) has announced plans to invest KD1bn ($3.6bn) in the commercial real estate sector over the next five years. This liquidity injection has the potential to boost property values, stimulate lending and strengthen the financial position of companies. By selectively targeting properties it deems underpriced, the KIA...