Here are the largest commercial and leisure construction projects initiated globally in Q2 2022, according to GlobalData’s construction projects database.
1. Resorts World Sentosa Expansion – $3,319m
The project involves the expansion of an integrated resort in Singapore.
Construction work started in Q2 2022 and is expected to be completed in Q4 2026.
The aim of the project is to increase the gross floor area of the resort by around 50%. Once complete, it aims to provide a distinctive purpose-of-visit tourism experience and will integrate with the future Greater Southern Waterfront and is expected to become the centerpiece of the new entertainment hub of Asia.
2. Pedernales Tourism Development – $2,245m
The project involves the construction of a port, airport, water infrastructure and hotels on a 380ha site area in Cabo Rojo, Pedernales, Dominican Republic.
Construction work commenced in Q2 2022 and is expected to finish in Q4 2030.
The objective of the project is to generate economic activity, development of highways, electricity works and an airport, among others.
3. Keystone Trade Center – $1,500m
The project involves the expansion of 13,93,545m2, 20 Keystone Trade Center on 728ha of land in Pennsylvania, the US.
Construction work started in Q2 2022 and is forecast to complete in Q4 2025.
The project aims to meet the demand for warehouse facilities and light industrial use buildings in the region. It will create 10,000 jobs.
4. Seomyeon Office Building Development – $715m
The project involved the construction of a 44,746m2, 32-story office building with eight floors below ground in Seomyeon, Busan, South Korea.
Construction work commenced in Q2 2022 and is expected to be completed in Q4 2025.
The aim of the project is to provide better commercial facilities in the region.
5. Waterloo Metro Quarter Development – $650m
The project involves the construction of a mixed-use community in Sydney, New South Wales, Australia.
Construction work started in Q2 2022 and is expected to be completed in Q4 2024.
The project aims to provide better residential, commercial, and accommodation facilities in the region.
Methodology:This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.
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