Construction

Mahesh Shinde
Mahesh Shende

Sector Expert
   

The global construction industry to reach US$ 10,835.6 billion by 2023 with a CAGR of 6.5%
The volume of construction output will grow by 85% to $15.5 trillion worldwide by 2030, with three countries – China, US and India – leading the way and accounting for 57% of all global growth. $69.4 Trillion of Infrastructure investment will be required in the period from 2017 to 2035. The infrastructure construction was estimated to be US$ 2,366.4 billion in 2018 US construction market to grow faster than China over next 15 years. India to provide a new engine of global growth for construction in emerging markets, growing at almost twice as fast as China. Positive trends in the residential market are the primary drivers of the booming construction industry growth. The Abraj Al-Bait is the world’s most expensive building or more appropriately a complex of buildings that is located in Mecca, Saudi Arabia. The total cost of construction of the building is estimated to be $15 billion USD. Traditional construction, might be considered as having properly, commenced between 4000 and 2000 BC in Ancient Egypt and Mesopotamia when humans started to abandon a nomadic existence, that caused the construction of shelter. The construction of Pyramids in Egypt (2700-2500 BC) might be considered the first instance of large structure construction
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INDOBUILDTECH EXPO 2020

Date : April 01 - 05, 2020
Place : Boulevard BSD Barat, Office Park 1, BSD City Tangerang 15339, Indonesia

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