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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.
Indonesia's infrastructure sector is poised for a major shift in focus under President Prabowo Subianto. Unlike his predecessor, who relied mainly on state companies to boost his infrastructure agenda, the newly sworn-in president wants the private ...
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The infrastructure sector remains pivotal for the Thai economy with the government prioritising it as an essential factor for robust and sustainable development. Over the past decade, the government has made substantial investments in the expansion ...
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Infrastructure development is pivotal for Africa's economic growth. The burgeoning private consumption, driven by population growth, urbanisation, and an expanding middle class, has created surging demand for improved infrastructure across the ...
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The countries in Central and Eastern Europe (CEE)* continues to prioritise infrastructure development as a cornerstone for economic growth and regional integration. Infrastructure quality and availability in the region are steadily improving, ...
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Between 2019 and 2023, Vietnam's real GDP expanded at an average annual rate of approximately 4.6%. Infrastructure investment was a considerable driving factor in this accomplishment. According to Vietnam Law Magazine, Vietnam spends about 6% of its ...
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Several successive government administrations have committed to modernising and developing Malaysia's infrastructure sector. The country sees infrastructure development as a key driver of economic growth. Although small infrastructure projects are ...
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The construction industry plays a crucial role in the socio-economic development of Vietnam. In 2023, it accounted for 6.3% of the nation's gross domestic product and employed 9.4% of Vietnam's workers. In 2024, the Gross Value Added of Vietnam's ...
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Valued at USD 49.5bn in 2024, Malaysia's construction sector employed 1.4mn people or 8% of the country's labour force. Aside from attracting foreign investments, the sector is a force multiplier fuelling economic growth. In 2023, the construction ...
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Turkiye's infrastructure sector has witnessed remarkable growth over the past decade, driven by sustained government focus and substantial budget allocations aimed at modernising the country's transport and energy networks. Notable achievements ...
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