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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-resi🥂dential buildings, heavy and civil engineering construction, and the related speciali✃ty 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 real estate and construction🦂 sector in Indones𝐆ia 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 in🅘dustry 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 po𒉰pulation of 1.4bn as well as adding much-needed infrastructure. In FY2019, construction GVA amounted to INR 49.6tn and ...
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The Thai government’🍒s push on infrastructure development, particularly in the Bangkok Metropolitan Region (BMR) and in the Eastern Economic Corridor (EEC), has been a key growth driver in Thailand’s real-estate and construction sector in ...
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Construction is the second largest economic activity in India and contributes 8% to the total gross value added. Construction sector employs more than 51mn workers, making it the secoꦰnd largest employer in the🍷 country. Large employability in the ...
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Construction has always been a fav🐭oured 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 moderate growth of the sector ...
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The construction and real estate sector plays an important part in the Indonesian economy. The sector’s combined gr🦩oss value added (GVA) accounted for 13.3% of the country’s GDP in 2018. The construction sector alone generated 10.5% of ...
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Investment in China’s real estate♈ sector accelerated in the third quarter of 2018. The value of investment reached RMB 3,131bn, which represented a growth of 10.3% compared to that 🎐in the same quarter of the previous year. Investment in the ...
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The construction industry contributed 5.9% to Malaysia’s GDP in 2017, while total industry growth for the year stood at 6.7%. The construction s🍷ector is a major employer nationwide, providing more than 1.75mn jobs in 2017. The industry makes up ...
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Construction has always been a favoured tool of the Chinese au👍thorities 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 ...
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