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Real estate and construction
The Real Estate & Construction sector is one of the pillars of the global economy, responsible for meeting the increasing needs of the population for affordable housing and for efficient social, transportation and utility infrastructure. As a labour-intensive industry, it is a major contributor to employment, income generation and social progress. Real Estate & Construction is also an essential element for economic value creation and sustainable growth, as it lays the foundations for the development of virtually all other industries.
Activities associated with Real Estate & Construction are the construction of residential and non-residential buildings, heavy and civil engineering construction, and the related speciality trade contracting activities. It also includes management and leasing of land and properties, real estate brokerage, architectural and engineering services, warehousing and storage activities, and operation of car parks and garages.
The Polish construction sector generated GVA of PLN 144.1bn in 2019, which corresponded to 6.3% of the country’s GDP. Of the PLN 230.2bn construction and assembly production value (realised by construction firms), 45.6% was ...
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In 2019, the construction sector accounted for 7.1% of Mexico’s GDP, 1.2% of total FDI inflow and 7.8% of formal employment. During the 2014-2019 period, the construction sector contracted its GVA at a CAGR of 0.31% in ...
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In the first three quarters of 2020, amid the ongoing COVID-19 pandemic, the government continued to roll out policies and incentives to reduce the construction sector’s financial burden and to promote industry output value ...
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While China is recapping its achievements at the end of the 13th Five-Year Plan (FYP) in 2020, it is also getting prepared to enter the next stage of development and at the same time dealing with the impact of the COVID-19 pandemic that abruptly ...
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Years after the 2015-2016 economic recession that profoundly changed the Brazilian construction sector, recovery progressed strongly in 2019 with record-high new residential building launches and sales, and a commitment by the new ...
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Construction is the sixth largest economic sector in Colombia, accounting for 6.3% of the country’s GDP, 5.8% of total FDI inflow and 7.2% of formal employment in 2019. However, due to its stagnation in the last three years ...
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The infrastructure sector is an essential support function for industrial and economic development. Its segments include pipelines, telecoms, power transmission and transportation infrastructure. While there can be some aspects of general ...
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The real estate and construction sector in Indonesia has a priority in the government’s policy agenda. Because of this, the sector’s importance in the economic growth and job creation has increased in recent years. In 2019, ...
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China’s construction sector has seen tremendous growth over the past years and continues to show great potential despite the current market hardships brought by the COVID-19 global pandemic. The construction industry is of crucial ...
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India’s construction sector is a key enabler of economic growth, in that it helps provide homes to the nation’s population of 1.4bn as well as adding much-needed infrastructure. In FY2019, construction GVA amounted to INR 49.6tn and ...
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