China

Details

  • Industry: Infrastructure, Government and Healthcare, Construction & Real Estate
  • Type: Business and industry issue, Survey report
  • Date: 11/13/2009

Global construction survey 2009 - Navigating the storm 

Despite the deepest recession in 60 years, the construction industry is surprisingly positive about its future prospects. Almost two thirds expect to either increase or at least maintain profit levels by mid-2010. To date, the sector appears to have weathered the economic storm. However, as longer-term projects wind down for some contractors, much may rest on the impact of the proposed government stimulus packages.

 

Navigating the Storm, published in November 2009, reflects the results of more than 100 interviews with senior leaders at Engineering & Construction companies in 30 countries worldwide.  Company revenues ranged from less than US$250 million to more than US$5 billion, with a mix of operations from global through pan-regional to purely domestic.