WCN blog
Infrastructure construction expected to register highest growth in Kuwait
September 23, 2011
The Kuwait construction industry is expected to register a CAGR of 6% to 2015 with the infrastructure construction sector recording the highest growth amongst individual sectors.
The Kuwait government's initiatives to improve standard of living aided by significant investments to improve the country's energy and communications infrastructure are expected to help the infrastructure construction market record a high CAGR of 7.19% to 2015.
Posted by wmi on 8:05 AM | Comments (0)
Government five-year plan expected to boost Algerian construction industry
September 21, 2011
The Algerian government's five-year plan and its efforts to diversify the economy away from the oil and gas sector are expected to help the construction industry register a strong CAGR of 8.5% to 2015.
In terms of sectors infrastructure, residential and institutional construction sectors are expected to lead the growth chart with high growth rates. With the government announcing plans to start construction work on 2 million housing units and deliver 1.2 million completely built units over the next plan period, from 2010 to 2014, the residential construction market is projected to achieve a CAGR of 7.39% over the forecast period.
Posted by wmi on 8:03 AM | Comments (0)
Chilean construction industry to get boost from infrastructure investment
September 19, 2011
The Chilean construction industry is expected to grow at a steady CAGR of 7.74% to 2015 lead by government and private investment on infrastructure construction and rebuilding efforts.
Potential expansion within the retail sector, office construction market and the tourism industry will drive the commercial construction market over the forecast period. The market is anticipated to achieve a CAGR of 7.9% to 2015.
Posted by wmi on 8:32 AM | Comments (0)
Dutch economy turnaround expected to sustain construction industry
September 14, 2011
The end of the European debt crisis and the resultant positive impact on the Dutch economy are expected to support and sustain a CAGR of 3.48% in the Dutch construction industry.
In 2010, the global construction industry registered a marginal growth of 1.4% while the Dutch industry declined 8.7%. As a counter cyclical measure, the Dutch government launched a stimulus package of EUR5.7 billion to be distributed over six years from 2009 to improve the country's infrastructure and increase domestic consumption. The stimulus, in addition to returning consumer confidence, is expected to help the Dutch construction industry achieve moderate growth.
Posted by wmi on 11:26 AM | Comments (0)
Croatian construction industry expected to recover from recession woes
September 12, 2011
The Croatian construction industry that recorded negative CARCs over the last few years is expected to stage a moderate recovery from recession woes.
Several infrastructure and industrial projects that were announced in the period from 2006-10 were cancelled or placed on hold owing to severe financial pressure. The integration of Croatia into the European Union and subsequent hopes of recovery of the Croatian economy are likely to help the Croatian construction industry recover from a severe slump and register a CAGR of 3.1% to 2015.
Posted by wmi on 11:17 AM | Comments (0)
Residential, institutional expected to perform better in Bahrain
September 9, 2011
Growth in Bahrain's construction industry, currently in an unstable state owing to political unrest, is likely to be lead by the residential and institutional sectors.
The overall construction industry in Bahrain is expected to record a CAGR of 7.7% with the educational buildings category expected to perform particularly strongly. Several major projects in the education sector are scheduled to 2015, including the construction of the Bahrain Science and Technology Park, a higher education city, the first internet-based e-University in the Middle East and Asia, and a regional centre for ICT research and training.
Posted by wmi on 5:04 AM | Comments (0)
Spanish construction industry faces bleak times
September 7, 2011
The Spanish construction industry is expected to face some bleak times over the next few years owing to the government's austerity measures and slow economic recovery.
The Spanish construction industry witnessed a huge slowdown in 2009 and 2010 and registered a negative CARC of 2.89% during the period. Almost all sectors of the construction industry struggled to buck the trend and recorded little to no growth. In the immediate future, the Spanish government's planned austerity measures, aimed at bringing the budget deficit to below 3% by 2013, are expected to hinder chances of growth.
Posted by wmi on 12:48 PM | Comments (0)
PPP projects to boost Philippine construction industry
September 5, 2011
Infrastructure projects executed under a public-private partnership model are expected to help the Philippine construction industry register an overall CAGR of 8.8% to 2015.
The energy and communication infrastructure category is expected to be the major driver of infrastructure construction growth over the forecast period, due to the Transmission Development Plan (TDP) initiated by National Transmission Corporation. This project, worth US$850 million, is expected to be complete by 2015 and involves investment to construct additional transmission infrastructure and the development of existing transmission infrastructure.
Posted by wmi on 12:52 PM | Comments (0)
German construction industry to grow at a steady pace
September 2, 2011
The German construction industry is expected to grow at a steady pace to 2015 riding on a strong institutional construction market.
The growth of the German institutional construction market is expected to be driven by rapid growth in the research facilities and education buildings categories with respective CAGRs of 4.86% and 3.87%. The German industrial construction market is expected to achieve a CAGR of 2.88% over the forecast period.
Posted by wmi on 12:27 PM | Comments (0)
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