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BRIC construction industry expected to register robust growth
November 14, 2011
By wmi
The construction industry in Brazil, Russia, India and China is expected to register robust growth owing to economic development, urbanisation and strong inflows of foreign direct investment (FDI).
The construction industry is expected to register an overall CAGR of 10.69% to 2015. The organization of major global events such as the 2014 FIFA World Cup and the 2016 Olympic Games in Brazil, and the 2012 APEC Summit, the 2014 Winter Olympic Games and the 2018 FIFA World Cup in Russia are expected to generate growth in the construction industries in these two countries, while in China and India growth will be driven by government spending.
The residential construction market that recorded a growth of 18.6% between 2006-10, is expected to grow at a more moderate rate of 10% to 2015. The institutional and healthcare buildings are expected to register the highest growth rate of 11.5% and 11.3%, the sectors expected to grow fastest in the construction sector.
All these and many more facts and figures in addition to an in-depth analysis can be found in the report The Future of Construction in BRIC to 2015: Economic Development, Urbanization and FDI Inflow to Spur Construction published by World Market Intelligence (WMI).
To access the complete report, please visit our premium subscription Construction Intelligence Center product www.worldmarketintelligence.com/ic/construction
Posted by wmi on November 14, 2011 9:56 AM
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