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Real estate and construction
The Real Estate & Construction sector is one of the pillars of the global economy, responsible for meeting the increasing needs of the population for affordable housing and for efficient social, transportation and utility infrastructure. As a labour-intensive industry, it is a major contributor to employment, income generation and social progress. Real Estate & Construction is also an essential element for economic value creation and sustainable growth, as it lays the foundations for the development of virtually all other industries.
Activities associated with Real Estate & Construction are the construction of residential and non-residential buildings, heavy and civil engineering construction, and the related speciality trade contracting activities. It also includes management and leasing of land and properties, real estate brokerage, architectural and engineering services, warehousing and storage activities, and operation of car parks and garages.
Singapore has the most developed transport and energy infrastructure in the world. This is the result of decades of consistent government-led investments and planning to maximise the island’s potential as a global ...
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In Q3 2021, China’s construction sector saw 6.5% y/y growth in total sector gross output value, amounting to RMB 7.1tn. As the government exercises caution about the ongoing global pandemic, domestic construction activities remain a crucial ...
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According to the 2019 Global Competitiveness Index of the World Economic Forum (WEF), there are significant disparities between the economies of ASEAN countries. For example, while Singapore was deemed the world’s most competitive ...
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Egypt is located on the main trade route between Asia and Europe and has rich natural resources, especially with regard to renewable energy. However, during the decades of state monopoly in the infrastructure sector, the country ...
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The MENA region presents high potential for infrastructure development. According to the World Bank, the region would need to spend at least 8.2% of its GDP per year to tap the infrastructure gap and meet the needs of its growing ...
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Africa’s infrastructure deficit is long-standing and well-known. Although USD 297.2bn were committed to transport and energy infrastructure projects on the continent between 2014 and 2018, only four countries, Egypt, Morocco, ...
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Civil engineering construction and assembly production by construction entities in Poland was worth PLN 57.6bn in 2019, recording an increase of 6.3% that year, while the construction and assembly production of specialised construction ...
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The COVID-19-induced recession meant it was vital for governments around the world to work hard to counteract the wide-ranging effects of the pandemic. While private investments may have suffered from the uncertainty of the pandemic, ...
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Turkey has a well-rounded and impressive infrastructure sector, thanks mainly to years of government focus, with big chunks of the national budget being allocated to its transport and energy networks. It has one of the world’s busiest ...
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