Construction

Moody’s downgrades global construction prospects for 2020-21

On the back of coronavirus disruptions, investor relations company Moody’s has issued a pessimistic outlook on the global construction industry for the next 12 months.  Moody’s Investors Service has issued a report that forecasts there will be a decline in the aggregate average revenue for rated construction companies (excluding mergers and acquisitions), thanks to COVID-19 disruptions, […]

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US Census Bureau reports impacts on construction spending

Construction spending showed declines in many sectors in March, when the Covid-19 pandemic delivered its first blows on the world’s economies, but a small bright spot can be found in the increase in communications related construction, likely in response to a greater demand for at-home connectivity, according to reports. The first impacts of the pandemic on US construction spending

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ConExpo-Con/Agg 2020: North America’s largest construction trade show

Do you remember the first time you experienced ConExpo-Con/Agg? You surely learned at least one hard lesson at that time. “Make sure you have some good shoes,” says Dana Wuesthoff, vice president of exhibitions at the Association of Equipment Manufacturers (AEM), which manages the massive trade show. “You need to have some good shoes that have been worn

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Saudi SCA’s Future Projects Forum to show 850 projects worth $160bn

The Saudi Contractors Authority (SCA) has announced the launch of the second edition of its Future Projects Forum (FPF), which will be held in Saudi Arabia’s capital city of Riyadh on 25 and 26 February, 2020. The FPF event is expected to be the contracting sector’s largest gathering in the kingdom, with 35 government and private entities –

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GlobalData: Turkey’s construction industry to reach $230 billion

Turkey’s construction industry is expected to recover from its current slump and rise to US$230 billion in 2024, thanks to the government’s focus on developing transport, residential and energy infrastructure, as well as investments under its 11th five-year development plan 2019-2023. GlobalData’s report, ‘Construction in Turkey – Key Trends and Opportunities to 2024’ reveals the industry’s growth

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UAE’s airport infrastructure investments hit $272.25bn

The UAE’s General Civil Aviation Authority (GCAA) has revealed that the nation has invested $272bn in airport infrastructure development projects until now, with investments covering projects across the country and a fleet of 884 commercial aircrafts. Commenting on the growth in the aviation sector, the director-general of the GCAA, Saif Mohammed Al Suwaidi, said: “I

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The Big 5: Will future buildings manage and fix themselves?

The building industry, which has historically lagged in terms of technology adoption, is beginning to have a dialogue on shifting from projects to products, with a particular focus on modular construction. Speaking at the 40th edition of the region’s largest event for the construction industry The Big 5, Aurecon MEP associate, Daniel Borszik, said: “Modular

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