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Court orders liquidation of Chinese property giant Evergrande in landmark moment for industry

A Hong Kong court has ordered indebted property developer China Evergrande Group to liquidate in a landmark ruling that could send ripples across the...

US existing home sales hit more than 13-year low

U.S. existing home sales dropped to the lowest level in more than 13 years in October as the highest mortgage rates in two decades...

Jakarta: Sukabumi Airport Construction to Begin in 2019

Sukabumi Airport in West Java will be built in early 2019, a local official said on Sunday."After officially opening the Bogor-Ciawi-Sukabumi (Bocimi) session I...

Material costs and inflation bring the EU construction sector to its knees

Too many costs, rising inflation and inadequate government intervention are scarring the Eurozone construction sector.December marks the eighth consecutive month of contraction in the...

How to print a building: the science behind 3D printing in construction

It’s often claimed that 3D printing – known in the trade as “additive manufacturing” – will change the way we live. Most recently, a...

Project Oman 2023: International Construction Technology, Infrastructure and Building Materials Exhibition

The Sultanate of Oman is considered as one of the fastest-growing countries in terms of infrastructure development. The country’s five-year plan and Vision 2040...

Persistent Downturn in China’s Housing Construction Sector Expected to Impact Economic Growth in 2024

In a harbinger of challenging economic times, China’s housing construction sector is projected to endure a downturn into 2024. This sustained slump, despite government...

Construction fever in the hotel sector in China

Construction growth in China has been boosted by billions of dollars in liquidity to offset the economic downturn brought about by the escalation of...

Egypt launches phase 2 construction of Orouba Skyline

Egypt’s real estate developer Orouba Misr Development has launched the second phase construction of the US$ 433.9m Orouba Skyline Compound in Smouha neighborhood, Alexandria.The Orouba Skyline project, divided into 4...

Saudi’s Public Investment Fund launches 5-year strategy

Saudi Arabia’s Public Investment Fund (PIF) has launched its five-year strategy, including its Vision Realisation Programme (VRP) 2021-2025.Following on its VRP 2018-2020, the strategy...