Dallas, TX (PRWEB) August 11, 2012
These reports provide detailed market analysis, information and insights into the construction market, including:
- Construction market’s growth prospects by sector, project type and type of construction activity
- Analysis of equipment, material and service costs across each project type
- Critical insight into the impact of industry trends and issues and the risks and opportunities they present to participants in the construction market
- Assessment of the competitive forces facing the construction industry and profiles of the leading players
- Profiles of the ten largest construction projects
1. Construction in Turkey – Key Trends and Opportunities to 2016
- During the review period, the construction industry in Turkey recorded a CAGR of 6.48% to value TRY101.1 billion (US$60.5 billion) in 2011. FDI inflows in real estate, especially in cities such as Istanbul, have supported growth along with strong domestic demand.
- The construction industry of Turkey is dominated by residential and infrastructure construction activities.
- Turkey’s sustainable economy increases the country’s credibility in terms of business and construction investments.
- The industrial construction market in Turkey declined at a CAGR of -4.23% during the review period, reflecting weak industrial performance in the country, especially during the 2009 financial crisis. However, Turkey possesses huge potential for industrial development, with many organized industrial zones (OIZs) being constructed in the country to facilitate rapid industrialization.
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2. Construction in Australia – Key Trends and Opportunities to 2016
- Construction is the fourth-largest industry in Australia in terms of employment opportunities, providing work to 9.1% of the country’s total workforce in October 2010.
- The Australian government adopted various measures to stimulate spending in its 2009–2010 and 2010–2011 budgets. The government is investing AUD36 billion on road and rail infrastructure through the Nation Building Program over a six-year period from 2008–2014.
- Infrastructure construction was the largest construction market, recording a share of 42.6%. Moreover, the market was the fastest-growing in the industry, posting a CAGR of 13.1% during the review period (2007–2011).
- Residential construction posted a share of 32.4% during the review period, making it the second-largest construction market during the review period, growing at a CAGR of 1.9%.
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- Egypt's economy is one of the largest in the Middle East and GDP valued EGP584 billion in 2011. The construction industry accounts for 4.7% of Egypt’s GDP, making it one of the most important industries for the country’s economic progress.
- The Egyptian construction industry recorded a compound annual growth rate (CAGR) of 14.35% during the review period (2007–2011), with steady economic growth and business-friendly policies making the country increasingly attractive to foreign investors.
- The growth in the construction industry was driven by significant infrastructure investments made by the Egyptian government, including three stimulus packages, coupled with increased private investment in Egyptian infrastructure development.
- Egypt has a growing need for new homes, hospitals, schools, infrastructure and sewage works.
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- Infrastructure construction was the largest market in the South African construction industry during the review period. In 2011, it constituted a 47.7% share of the industry’s value.
- The infrastructure market was the largest beneficiary of the 2010 FIFA World Cup, as most construction activity involved road, public transport and other infrastructure-related developments.
- The government of South Africa enjoys the upper hand when it comes to foreign investment attractiveness. As the country holds a strategic location in the African continent, it is positioned as a significant country due to the size of its economy and its ranking as an upper-middle-income country.
- The country faced the challenge of a power shortage in 2007, which impacted the industrial sector, while the country was already suffering from high inflation and outdated infrastructure facilities.
- Supported by residential and infrastructure construction activities, the construction industry in South Africa is estimated to grow at a CAGR of 9.61% over the forecast period.
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