09 October 2023
09 October 2023
The location was chosen for its access to renewable energy sources and a trained workforce.
The development comprises three major buildings brought together around a central square.
The move has been made in response to the county's growing residential market.
The cancellation will result in a reduction in order bookings within Skanska's Sweden segment.
Micron revealed its plans to invest around $15bn by the end of the decade to construct a new fab for memory production.
The company has obtained a construction contract to develop a residential township in the Indian city of Bengaluru.
The total value of these contracts amount to around Dh700m ($190.58m).
The company will provide design, construction, programme, and planning services.
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Per GlobalData estimates, the North America construction market size is expected to reach $1,772.5 billion in 2023. The increased spending from the public and private sectors in the regional energy and infrastructure domain is projected to aid the market growth. The energy and utilities construction sector is expected to depict a AAGR of 8.7% in real terms from 2024 to 2027, supported by investments in regional renewable energy and oil and gas projects.
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