Include in the report summary are some interesting insights into the coming decade of construction.
Currently the global construction market is worth 7.5 trillion dollars (at 2008 prices) and will grow by 69.3% to 12.7 trillion by 2020(at 2008 prices).
The report states that the US, UK, Canada & Australia will rebound quicker than other developed countries. However, developing countries such as India & China will have quicker growth in the next decade than developed countries and that the China construction market is forecasted to exceed the USA by 2018.
Output in India will be accelerate quicker than China and that emerging markets construction output will be exceed 3 times that of developing countries over the next decade.
AECOM Technology Corporation (NYSE: ACM), a leading provider of
professional technical and management support services for government
and commercial clients around the world, announced today that it has won
key contracts worth US$60 million from the Hong Kong Special
Administrative Region to provide infrastructure design and construction
supervision consulting services for the landmark Kai Tak redevelopment
The aim of the effort is to transform the old Kai Tak Airport site into
a vibrant community supported by a variety of commercial, social and
recreational facilities. AECOM’s work will encompass urban design;
landscape, road, drainage and sewerage works; sewage pumping stations;
water supply systems; and dredging and treatment of contaminated
“We are proud to contribute our expertise to this landmark project,”
said John M. Dionisio, AECOM president and chief executive officer.
“This exciting project provides an excellent example of how AECOM is
able to leverage our global expertise and presence to serve our clients.”
Construction is scheduled to be implemented in phases during 2011. The
project’s public park is expected to be completed during 2012, while the
overall effort is scheduled to be completed during 2018.
The country’s biggest employer of architects has set its sights on wresting design-led work away from “complacent” signature practices by recruiting more creative designers……..
A team led by Atkins recently beat five others, including Frank Gehry, to land a £300 million new college campus in Glasgow……
Construction is moving along at the first Shell Bridge, West 8+ MRIO designed for the City of Madrid. 100 m3 of concrete was poured inbetween the two layers of the wooden mold, moving another step closer to the desired end result: a concrete dome.
Over 500 delegates and 60 industry experts will attend the Arabian World Construction Summit (AWCS) 2009 to discuss the changing face of the region’s construction industry in light of the global economic downturn.
To be held from 9-11 February at the Emirates Palace Hotel, Abu Dhabi, UAE the summit will witness experts deliberating on key factors that will help the industry tide over the toughest crisis in more than 10 years.
Richard Thompson, Editor for MEED, said: “The construction industry in the region has enjoyed dynamic growth over the past few years but we have witnessed demand stagnating for the first time in a decade following the global economic situation. This is compounded by master developers placing projects on hold to focus more on riding out the current conditions and meeting tight deadlines for developments already underway.”
Key industry leaders who will lead panel discussions at AWCS 2009 will include Abdul Majeed Al Fahim, Chairman of Pearl Dubai, Ali H. Kolaghassi, Vice-President – Corporate Business Development with Saudi Oger, Sami Asad, Chief Operating Officer of Aldar Properties, and Mounir D. Haider, CEO of Sorouh Real Estate.