New home starts increased for the eighth year in a row, achieving 1.20 million units, the highest yearly level in a decade.
Russia’s construction output fell by 1.4% in 2017, while a more significant decrease was registered in the new housing construction sector with the number of new houses dropping by 4.8%.
As announced at the 84th Euroconstruct Conference in Munich on 24 November 2017, construction volume in the Euroconstruct area is expected to grow by 3.5% in 2017.
Housing is one of the sectors to receive funding along with educational and healthcare buildings.
The country is seeing a growing number of sustainable projects and applications for LEED certification.
Oman has launched its national development plan with total investments of US $106 billion.
According to the report published at the 83rd Euroconstruct Conference held in Amsterdam in June this year, the European construction industry is forecast to increase by 2.9% in 2017 and by 2.4% in 2018.
The Indian construction industry is set to expand at a compound annual growth rate of 4.16% from now to 2021, an improvement on the 3.95% annual growth recorded over the period 2012-2016.
Public and private residential building, investments in tourism and industry, and large-scale projects for Expo 2020 are driving the construction sector in the UAE.
The “100 mil Viviendas + Trabajo” programme launched by the Argentine government in March involves a partnership between the public sector, private building firms and banks.
This year the Indian economy has once again maintained growth levels above 7% and investments in infrastructure remain the main growth driver. The Indian government is expected to allocate 3-4% of the country’s GDP to infrastructure investments to ensure annual economic growth of between 7% and 8%.
In 2016 global construction investments reached a value of around 8 trillion euros. Read the interesting analysis by Francesco Doria, head of Mapei Research Department.