Focus:
Comment
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4 October 2019
Investment in infrastructure will continue to grow globally, but gaps will persist
According to the World Economic Forum, worldwide investment in infrastructure is expected to be US$79 trillion by 2040. However, the actual global investment need is closer to US$97 trillion.
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20 September 2019
Saudi oil construction sector unshaken by attack on Aramco facilities
The largest sector in the Saudi economy, the oil sector, which accounted for 44% of GDP in real terms, is forecast to grow by 1.6%, resulting in the Kingdom’s GDP...
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3 September 2019
GCC construction poised for growth on back of anticipated tourism boom
The construction market across GCC member nations is booming on the back of growing demand for leisure and hospitality facilities.
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30 July 2019
A tech roadmap for construction in the Middle East
The GCC is made up of the six Arabian peninsula nation-states: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.
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29 July 2019
Singapore infrastructure spending set to exceed $10bn per year
The quality of infrastructure in Singapore is among the highest in the world, reflecting high levels of investment supported by years of political stability and general economic prosperity.
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11 July 2019
Private equity activity supports fears of a looming US recession
The rapid growth of PE funds targeting the distressed housing market suggests large financial institutions believe a US economic downturn is on its way this year or next and that they...
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1 July 2019
Canada’s construction growth prospects hampered by struggles in the oil industry
The Canadian government's Bill C-69 looks to overhaul the country’s environmental assessment practices for a wide range of construction projects.
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28 June 2019
The African Continental Free Trade Area agreement: a game changer for Africa
United Nations Economic Commission for Africa (UNECA) has predicted the agreement will raise intra-African trade by 15% to 25% by 2040.
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26 June 2019
BIM usage is expanding globally, finds GlobalData survey
The adoption of BIM is seen as a means to achieve a 20% reduction in the construction and operating costs of new buildings.
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19 June 2019
Dubai opens Middle East’s first industrial-scale concrete 3D printing plant
In April 2016, the Dubai authorities set a 3D printing strategy that set a target of 25 per cent of new buildings constructed in the emirate using 3D printing by...