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Construction

Azerbaijan’s construction industry to rebound in 2021 with 9.1% growth, says GlobalData

The dual shock of the COVID-19 outbreak and the collapse in oil prices has exacerbated the weakness in Azerbaijan’s construction industry, with output estimated to have shrunk by 15.2% in real terms in 2020 – down from annual declines of 6.1% in 2019 and 8.8% in 2018. However, owing to lower base and driven by investments in overall infrastructure to rebuild the recently liberated regions, the industry is expected to recover in 2021 with an expected real growth rate of 9.1%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Construction in Azerbaijan – […]
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Bahrain’s construction industry to recover and grow by 2.1% in 2021, says GlobalData

Bahrain’s construction output contracted by an estimated 0.2% in real terms in 2020 as the industry faced disruptions due to the COVID-19 pandemic and movement restrictions to prevent its spread. Oil price drop further compounded this problem as Bahrain is highly dependent on oil revenue. However, driven by investments in infrastructure, oil and gas and in renewables, the industry is expected to recover in 2021 with an expected real growth rate of 2.1%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Construction in Bahrain – Key trends and opportunities to 2025’, reveals that the country’s construction industry is expected to grow at an average […]
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Goldman Sachs and PwC were top M&A financial advisers by value and volume in global construction sector for 2020, finds GlobalData

Goldman Sachs and PwC were the top mergers and acquisitions (M&A) financial advisers in the global construction sector for 2020 by value and volume respectively. Goldman Sachs advised on 14 deals worth $61.4bn, which was the highest value among all advisers. Meanwhile, PwC led in volume terms having advised on 23 deals worth $3.9bn. A […]
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UK construction output growth accelerates in November 2020 despite new lockdown measures and Brexit difficulties, says GlobalData

Following the release of data from the Office for National Statistics (ONS) showing an acceleration in construction output growth in November; Moustafa Ali, Economist at GlobalData, a leading data and analytics company, offers his view on the outlook for the UK construction industry: “UK construction output continued its recovery in November, but GlobalData holds its estimate that output for the year, as a whole, will contract at its fastest ever rate of 15.1%. The output increase of 1.9% […]
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SSA construction sector will fall into deep recession in 2020 with 2021 rebound output level far less than 2019

Construction output growth forecast for Sub-Saharan Africa (SSA) in 2020 has been adjusted further to -5.2% from the previous forecast of -4.9%, according to GlobalData, a leading data and analytics company. The current revision reflects the deep impact on the region’s economic activity and investment growth stemming from the wider global slowdown, the outbreak of COVID-19 in the region and possibly a lack of available external […]
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UK construction output growth will contract by 15.1%, despite recovery in October, says GlobalData

UK construction output continued its recovery in October, but GlobalData, a leading data and analytics company, holds its estimate that output for the year as a whole will contract at its fastest ever rate of 15.1%. Moustafa Ali, Economist at GlobalData, comments: “The output increase of 1% month on month in October was in line with GlobalData’s expectation of slower growth in the sector in Q4 2020, compared to the fast pace of recovery in the previous quarter. The renewed lockdown […]
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Oman’s construction sector will feel the brunt of harsh fiscal consolidation in the short term, says GlobalData

Oman’s construction industry is set to contract sharply in 2020, plummeting by 10.3%, according to GlobalData, a leading data and analytics company. The industry is struggling with the challenges presented by the COVID-19 outbreak, low oil prices and the impact of sovereign credit rating downgrades. Further compounding the downside risks to the outlook for the […]
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UK construction output will be down by 13.6% in 2020

Following the release of UK GDP figures for Q3 by the Office for National Statistics (ONS) showing a sharp quarter-on-quarter rise in UK construction output in Q3. Moustafa Ali, Economist at GlobalData, a leading data and analytics company, offers his view: “UK construction output is falling in line with GlobalData’s expectations, which will see a contraction of 13.6% in 2020. Following a […]
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Sullivan & Cromwell and Kirkland & Ellis were top M&A legal advisers by value and volume in automotive sector for Q1-Q3 2020

Sullivan & Cromwell and White & Case were the top mergers and acquisitions (M&A) legal advisers in the construction sector for Q1-Q3 2020 by value and volume, respectively. A total of 2,118 M&A deals were announced in the construction sector during the period, according to GlobalData, a leading data and analytics company. According to GlobalData’s M&A report, ‘Global and Construction M&A Report Legal Adviser League Tables […]
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