Asia > Construction / Infrastructure
Construction / Infrastructure in Asia
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Seeking broad industry base
INDONESIA, 2013/06/12 From cocoa to mobile phone handsets and cement to aircraft, Indonesia’s industry sector is surging as firms look to make inroads within the region and further abroad. However, a lack of infrastructure remains a limiting factor on increase. On April 26, Taiwanese mobile maker Hon Hai Precision Industry, which trades as Foxconn, revealed plans to spend $5bn to $10bn in Indonesia on building a handset factory. The government is set to provide incentives inclunding excise- business relief for the sizeable investment . -
Chinese company to build motorway section
CHINA, 2013/05/13 The Serbian government and Chinese company Shandong Hi-Speed Group have signed an agreement on construction of a 50 km-long section of the motorway stretching through Western Serbia amounting to USD 334 million. The arrangement, which was signed by Minister of Constriction and Urban Planning Velimir Ilic, Director of public company Koridori Srbije Dmitar Djurovic and Deputy General Manager of the Chinese company Shandong Hi-Speed Group Zhu Wei on Friday, involves Ljig-Lajkovac-Ub-Obrenovac section totaling 5 kilometers and 230 meters with construction deadline of 37 months. -
Kazakhstan to spend over $23 billion on 60 transport projects
KAZAKHSTAN, 2013/05/13 61 transport and infrastructure projects worth over $23 billion are scheduled to be implemented in Kazakhstan by the end of 2014, Tengrinews.kz reports citing Vice-Minister of Transport and Communications Azat Bekturov as saying at the international seminar called Transit and transport potential of Kazakhstan. -
Cement firms have their thinking caps on to sustain current market oversupply.
VIETNAM, 2013/04/24 In 2013’s prime quarter, Vicem Hoang Thach Cement, based in Hai Duong province, sold nearly 700,000 tonnes of cement and around one million tonnes of clinker, a 38 % jump against the same period last year. Despite these positive sales, the company fears consumption could come to a standstill in the following months unless comprehensive measures were taken. -
Strong policy initiatives to spur infrastructure financing
INDIA, 2013/04/21 Non-banking financial companies (NBFCs)-Infrastructure Finance companies (IFC) should be permitted to access external commercial borrowing (ECB) on liberal terms to make them globally competitive, reveals the ASSOCHAM-Deloitte study. While releasing the study ASSOCHM Secretary General Mr. D S Rawat said, that NBFCs-IFC funding needs are limited to bank finance largely and the tighter prudential limits on bank lending and sectoral capps limited to access commercial bank funds. -
3,000 homes Chinese company Citic Construction is building in Quilemba
CHINA, 2013/04/03 The prime 3,000 homes of a planned 11,000 that Chinese company Citic Construction is building in Quilemba, on the outskirts of the city of Lubango, in Angola’s Huíla province, are due to be finished in June, a director of Angolan company Sonangol Imobiliária e Propriedades (Sonip) said. -
Mactan Cebu International Airport project
PHILIPPINES, 2013/01/17 Infrastructure conglomerate Metro Pacific Investments Corp. (MPIC), a unit of Prime Pacific Group of Hong Kong, is talking with a potential foreign partner to boost its bid for the P17-billion Mactan Cebu International Airport project. MPIC chairman Manuel V. Pangilinan said in an interview with reporters that the conglomerate is scouting for a foreign partner with expertise in airport operations in line with the scheduled bidding for the arrangement to undertake the airport project. -
Africa Becomes New Market for Korean Builders
NORTH KOREA, 2010/09/24 The world's biggest fertilizer plant is currently under construction in the city of Oran on the northwestern Mediterranean coast of Algeria. The US$2.4 billion project is jointly run by the governments of Algeria and Oman but roughly 25 % is being handled by a Korean construction firm. Daewoo Engineering & Construction began work in October 2008 on the prime project by a Korean firm in Algeria since the 1990s. -
Construction industry is headed for prosperous times
PHILIPPINES, 2010/08/10 The Philippines’ construction industry is headed for prosperous times, according to both analysts and the government. The residential and infrastructure segments are set to expand due to high request, though questions remain as to where the funding for some of these projects will come from.
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