World Construction Industry Outlook
Global
construction is an industry which is going against the grain of poor economic
growth. Whereas the majority of the
world’s other industries are experiencing stagnancy at best, construction companies are on the rise.
A recent study by the International Construction Magazine has taken a close
look into the massive global construction market over 2013 and 2014. The study establishes a broader economic
picture, making sense of the relationship between the construction industry and
GDP growth.
Given the consistently
positive direction in which this industry is progressing, the Qatar Construction Review exists to
bring to you the best suppliers and services available in this booming
sector. To demonstrate how the trend of
tepid economic growth is being bucked, the construction industry is expected to
experience growth of 4.5% between 2013 and 2014, the value of which is
highlighted in contrast to the 3.3% by which the global economy is expected to
grow in the same time frame. The only
area where this clear trend is not evident is in the European market, where the
growth of the construction industry is less robust than that of the general
economy.
It is promising
to see that the developing areas of the world are contributing significantly
towards the global trend, which is largely due to heavy investment in
infrastructure and energy. Although today’s
levels of growth are not quite matching the booming years of last decade, it is
expected that emerging markets will see average construction growth figures of
over 6.8% for the year, in comparison to the global average of 4.5%
QatarConstructionReview.com is a guide to the construction industry, bringing high-quality international constructionservices to your local project. Today, the global construction industry is estimated to be valued at USD $7.5 trillion. For your next project, find the best companies and services available at Qatar ConstructionReview.
