The construction market in Asia Pacific is forecasted by GlobalData to grow by 3.7% in real terms in 2024, having grown by 3.9% in 2023. A key growth market will be the infrastructure market, with output rising by 11.9% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are Asia Pacific’s five largest commercial and leisure construction projects that were initiated in Q2 2024, according to GlobalData’s construction projects database.
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1. Zhengzhou Artificial Intelligence Computing Center
The project involves the construction of an artificial intelligence computing center in Zhengzhou, Henan, China.
Construction work started in Q2 2024 and is expected to be completed in Q2 2026.
2. Navi Mumbai Hyperscale Data Center
The project involves the construction of a data center with a consumption capacity of 300 MW on 19ha of land in Navi, Mumbai, India.
Construction work commenced in Q2 2024 and is expected to finish in Q4 2031.
The project aims to provide cloud services business and expand data center capacity to improve the quality of services to users. Buy the profile here.
3. Guiyang Gui’an Data Center Development
The project involves the construction of a data center in Guiyang, Guizhou, China.
Construction work started in Q2 2024 and is forecast to complete in Q4 2026.
The new data center will enhance the level of internet support services and provide comprehensive data solution that helps to enable business solutions.
4. Minami Ekimae Hotel
The project involves the construction of a 13,000m2, 30-story hotel comprising 600 rooms in a 0.13ha area of land at 2-chrome Matsubara-cho, Minami-ku, Hiroshima-shi, Hiroshima Prefecture, Japan.
Construction work commenced in Q2 2024 and is expected to be completed in Q3 2028.
5. Yan’an Pengyin Northwest Big Data Industrial Park
The project involves the construction of a big data industrial park on a 6.13ha site area with a 69,000m2 gross floor area (GFA) in Wuqi County, Yan’an City, Shaanxi Province, China.
Construction work started in Q2 2024 and is expected to be completed in Q1 2027.
For more details on the latest construction projects, buy the profiles here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
