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 tourism and leisure sector remains underdeveloped, especially in comparison to regional peers Thailand and Malaysia. The direct contribution of travel and tourism to the country’s GDP in 2017 was just 1.9%, compared with 9.4% ...READ MORE
Thailand tourism & leisure sector plays a significant role in the national economy. According to World Travel & Tourism Council (WTTC), the sector made a direct contribution of THB 1.4tn to the economy in 2017, and the number increases to THB ...READ MORE
Construction has always been a favoured tool of the Chinese authorities for stimulating the economy and its development closely reflects that of GDP. The slowdown of China’s economy has resulted in more balanced growth of the sector during the ...READ MORE
In Q2 2018, the continuity of financial deleveraging and trade frictions with the US moderated China’s GDP growth to 6.7% y/y from 6.8% y/y in the previous quarter. Due to robust transactions in central and western China, sales of commodity ...READ MORE
Turkey’s construction sector has experienced rapid growth in recent years, driven by supportive government policy. The state has launched a series of large infrastructure projects and development programmes that have helped the industry become ...READ MORE
The GVAs of the Philippines’ real estate and construction sectors grew steadily between 2013 and 2017, reaching PHP 1,941bn for Construction and PHP 2,085bn for Real Estate and Other Business Activities in the latter year. The good performance ...READ MORE
The gross value added (GVA) of the Polish construction sector constituted 6.4% of GDP in 2016. Specialised construction activities accounted for 42.6% of the total construction output, followed by construction of buildings (33.2%) and civil ...READ MORE
India’s infrastructure sector grew exponentially between FY2013 and FY2017, primarily due to the government’s focus on sector development. The infrastructure sector struggles with complex regulations that the government has recently tried ...READ MORE
Construction is the sixth-largest economic sector in Colombia, accounting for 6.8% of the country’s GDP, 3% of total FDI inflow and 6.3% of formal employment in 2017. Over the 2012-2016 period, the construction sector emerged as one of the main ...READ MORE
Investment in China’s real estate sector accelerated in the first quarter of 2017. The value of investment reached RMB 2,129bn, which represented a growth of 10.4% compared to that in the previous quarter. Investment in the residential ...READ MORE