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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-residentia🗹l 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 activ༒ities, and operation of car parks and garages.
Both transport 🅺and energy infrastructure in Russia are of great economic and political importance for the country, which helps to explain the strong government involvement w⛄itnessed in the sector. State-owned companies operate as natural ...
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The real estate and constructi✃on sector generates 15% of Russia’s GDP and employs some 12% of the country’s workforce, making it a key economic sector. According to MarketLine estimates, Russia’s real estate ...
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Russia’s construction sector emerged from recession in 2018, with the value of construction works rising for the first time in five years. Growth was driven entirely by large-scale infrastructure projects and w💟orks related to the FIFA World Cup ...
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Russia’s construction sector plays an important role in the country’s economy, generating 🌳5.7% of the gross domestic product (GDP) in 2017 and employing over 7% of the workforce. The economic downturn of 2015-2016 had a severe ...
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Russia’s construction sector generated a gross value added (GVA) of RUB 4.7tn in 2015, acco🔜unting for 6.4% of the ec𝕴onomy’s total GVA. The real estate, renting and business activity generated a GVA of RUB 12.5tn in 2015, accounting for 17 ...
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