Construction & Real Estate
A gradual recovery in the number of projects on construction firms’ order books for 2017 is expected. Current performance in the sector hints that an improvement could come, based on a moderate pick-up in the energy sector and greater public sector demand. Progress is being made to develop public-private partnerships and push forward with the project pipeline. Although the real estate market has slowed somewhat during the course of 2016, the domestic residential market continues to show signs of relative strength, while the luxury and energy-related sectors have seen a cooling off. However, estate agents and industry executives note that the sector has experienced these cycles before and is on track for recovery.
