Construction

Qatar’s already busy construction industry is about to step up a gear, and it is not just the major undertaking of hosting the 2022 World Cup football tournament that is going to spur growth. A massive state investment programme to expand the nation’s infrastructure and private sector spending on residential and commercial properties are also tipped to build momentum in the sector.

Taking stock of the latest spending on infrastructure, the Ministry of Public Works gave a boost to Kuwait’s construction sector in December 2010 when it announced that billions of dollars worth of projects were currently under way, with even more set to follow in the new year.

Dubai’s construction sector is still dealing with the fallout of the global recession. Some segments are experiencing gathering momentum while others may have to look beyond 2011 before demand picks up and confidence returns.

While construction in the UAE and the wider region has been hit by the financial crisis, Abu Dhabi’s commitment to forge ahead with its major developments bodes well for contractors active in the local market.

Large-scale infrastructure projects under way in Abu Dhabi are expected to give the economy a welcome fillip and open up future investment opportunities.

The Philippines’ construction industry is headed for prosperous times, according to both analysts and the government. The residential and infrastructure segments are set to expand due to high demand, though questions remain as to where the funding for some of these projects will come from.