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Construction

GlobalData sharply revises down forecast for construction output growth globally to just 0.5% in 2020

Prior to the coronavirus (COVID-19) outbreak, leading data and analytics company GlobalData had predicted that there would be an acceleration in the pace of growth in the global construction industry, but given the severe disruption in China and other leading economies worldwide following the outbreak, the forecast for growth in 2020 has now been revised down to 0.5% (from 3.1% previously). The current forecast assumes that the outbreak is contained across all major markets by the end of the second […]
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Driven by infrastructure spending, construction industry in Philippines to reach US$70bn in 2024, says GlobalData

Driven by the government’s efforts to boost spending on the country’s infrastructure, the value of the construction industry in the Philippines, measured at constant 2017 US dollar exchange rates, is expected to grow at an annual average of 7.9% from US$47.8bn in 2019 to US$70bn in 2024, says GlobalData, a leading data and analytics company. […]
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Global railway project pipeline amounts to US$5.67 trillion, says GlobalData

The global railway projects pipeline is worth US$5.67 trillion, according to leading data and analytics company GlobalData. GlobalData’s report, ‘Project Insight – Global Railway Construction Projects‘, highlights that the Asia-Pacific region, where urbanization continues to put a strain on transport infrastructure, accounts for a large portion of the total, with a pipeline valued at US$3.28 […]
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Construction markets to watch in 2020, according to GlobalData

The global construction industry posted its slowest pace of growth in a decade in 2019, dropping to 2.6%, according to GlobalData, a leading data and analytics company. The sluggish performance was primarily due to weakness in a number of advanced economies, including the US, the UK and Australia. However, GlobalData predicts that growth will edge […]
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Turkey’s 11th five-year plan to revive construction industry growth with output to reach $230bn by 2024, says GlobalData

Spurred on by the Turkish Government’s focus on developing transport, residential and energy infrastructure, as well as the investments under its 11th five-year development plan 2019–2023, the country’s construction industry is expected to recover from the current slump and rise to $230bn in 2024 – measured at constant 2017 US dollar exchange rates. GlobalData’s report, ‘Construction […]
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Four out of top five firms in GlobalData’s leading 500 construction contractors list are from China

Sizeable domestic market and the increasing internationalization of project awards helped China to dominate GlobalData’s latest rankings of the leading 500 construction contractors around the world. According to GlobalData, four of the top five positions continue to be held by Chinese firms. The only non-Chinese contractor in the top five is Spain’s Actividades de Construccion […]
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China continues to expand influence in infrastructure across emerging Asia, says GlobalData

China’s involvement in infrastructure developments in emerging markets across Asia continues to expand, says GlobalData, a leading data and analytics company. According to GlobalData’s report, ‘China’s Involvement In Global Infrastructure’, the total value of infrastructure projects in which Chinese contractors are at least partially involved stands at US$235bn while in South Asia the project values […]
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Infrastructure investment to drive total construction output in China to US$4.1 trillion by 2023, says GlobalData

Driven by the Government’s efforts to boost spending on infrastructure, the value of construction industry in China, measured at constant 2017 US dollar exchange rates, is expected to rise from US$3.3 trillion in 2018 to US$4.1 trillion in 2023, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Construction in China – Key trends […]
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Latin America continues to strengthen its economic ties with China through infrastructure investment, says GlobalData

China’s growing infrastructure involvement in Latin America does not seem to be slowing down any time soon, despite criticisms from US officials and many international financial institutions, says GlobalData, a leading data and analytics company. GlobalData’s latest report ‘China’s Involvement in Global Infrastructure’ reveals that Latin America is home to 59 large-scale infrastructure projects in which Chinese contractors are at least partially involved with a value of US$86.4bn. Dariana Tani, Economist at GlobalData, comments: “With diplomatic and economic relations between Latin America and […]
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Government focuses on road and rail projects as construction industry sees slow growth, says GlobalData

The Swiss construction industry is expected to record marginal growth between 2019 and 2023, supported by investment in commercial, institutional, residential and renewable energy projects, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Construction in Switzerland – Key Trends and Opportunities to 2023’ reveals that, to reduce traffic congestion in the […]
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Global construction output growth will decline to 2.7% in 2019

The deterioration in construction output growth across emerging markets has been worse than previously expected, particularly in the US and the Middle East. Therefore, the forecast for global construction output growth in 2019 has been revised down to 2.7%, which will be the slowest pace of growth in a decade, according to GlobalData, a leading […]
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