In Brazil, construction activity declined 5.3% y-o-y over the first quarter of 2017 (the latest data available at the time of writing), as measured by real gross value added. As with elsewhere in the Latin America region, ongoing economic and political weakness has exacerbated the deteriorating business environment, weak investor confidence and reduced construction activity.
Construction activity in Saudi Arabia remains sluggish, with only a marginal pick-up expected in 2018 following two years of contraction. The recovery will gain momentum in the following years, assuming that oil prices edge up and that political risks in the region do not greatly disrupt investment flows.
Slowly but surely, a clearer picture of the details behind President Trump’s US$1 trillion 10-year infrastructure plan are coming together through the various Budget related documents released throughout the first half of 2017. The first sign of something concrete came in January, when the Trump Administration released a list of projects to the National Governor’s Association entitled Emergency and National Security Projects. These projects were identified as being of the highest priority going forward. The project list carries a total value of US$137.5 billion, and while yet to be confirmed, it is expected that 50% of the funding will come through private investment and that the projects will directly create 193,350 job years.
The construction industry in Qatar has been expanding at a rapid pace in recent years, but a regional diplomatic crisis could greatly undermine the industry’s growth prospects.
The general economic outlook for the Eastern Europe region is improving, with growth momentum building. In terms of construction output, many countries in the region posted strong growth figures over the first five months of 2017, following sharp declines over 2016. These markets rely heavily on funds from the European Union (EU) to finance ongoing major infrastructure and other public projects. In 2016, such funds stalled, and many projects in the region were put on hold. Indeed, there was a halt in investment spending across much of Europe, as the 2014-2020 funding period was delayed significantly, and, generally, the release of funds was delayed until early 2017. The stoppage in public funds had a much wider impact; private construction projects were also delayed, and it weighed on the broader economy over the year.
Dariana Tani, economist at Timetric’s Construction Intelligence Center (CIC), assesses Nigeria’s economic recovery plan and its impact on the country’s infrastructure sector.
Laura Varley, on behalf of UK-based demolition contractor Hughes & Salvidge, explains why you will soon be seeing drones around your construction site.
One of the most eye-catching technological innovations in recent years is 3D printing — a technology that has numerous potential uses in multiple industries and in particular has great potential for use in construction.
Dariana Tani, economist at Timetric’s Construction Intelligence Center, analyses the Mexico's construction industry outlook.
Olti Gjomema, construction industry analyst at Timetric’s Construction Intelligence Center, presents Donald Trump, the builder along with some of his property investments.
The Trans Adriatic Pipeline (TAP), part of the TEN-E Southern Gas Corridor (SGC), will supply natural gas to Europe from Azerbaijan — but will this give gas security to the EU?
Drones possess great potential for the construction industry in particular and a wide variety of benefits have already been demonstrated by the early adopters of this technology. The construction industry is now one of the main drivers of growth across the commercial drone sector.
An ongoing and potentially revolutionary innovation within construction is the growth of modular buildings. Modular buildings are defined as prefabricated structures consisting of multiple sections termed modules. Modular construction differs from traditional forms of construction due to the fact that module sections are completed offsite before being transported to the construction site, where they are then positioned into place.