28 September 2023
28 September 2023
The plant is being strategically established in Guangdong, which is seen as a major IT and consumer electronics hub.
ACMI's Munitions Campus is being developed on a hub-and-spoke model, with an emphasis on research and development
The development is set to take place over three phases and be finalised by 2033.
The building is set to be Sweden's first constructed with a wooden frame.
The development will feature 212 multifamily rental units with various floor plan options.
The facility will be built in place of the base's Pride Hangar via a renovation process.
Community collaboration between Wangard and local planning commissions assisted in the inception of the second phase.
Each of the three communities will have easy access to nearby retail centres, schools, and motorways.
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Per GlobalData analysis, the South-East Asia construction industry in 2023 is dominated by Indonesia, though the country will see a slowdown compared to 2022 due to elevated building material prices, weak commercial property demand, high interest rates and a softening of external demand. The construction industry in the Philippines is estimated to register a AAGR of 7.2% between 2024 and 2027, supported by the government’s focus on the development of the country’s rail and road transport and energy infrastructure.
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