Global Construction Megacities 2017
According to ‘Global Construction Megacities’, a report published by Timetric’s Construction Intelligence Center (CIC) in January 2017, London comes top of the megacity development list, with total construction project values close to US $426bn. Second and third are Dubai (with $367bn) and Abu Dhabi (with $275bn).
The report features 50 cities, each with project investments of more than $30 billion. The total pipeline amounts to $4.8 trillion and includes 6,400 projects at various stages of development.
Other than London, the list is dominated by the Asia-Pacific region, which accounts for half of the cities. Seven Chinese cities feature in the list, with a combined pipeline total of $475 bn. India has four cities on the list with a total of $221bn and Australia has three with a total of $342bn.
The Association of Southeast Asian Nations (ASEAN) has eight cities, including Singapore, totaling $568bn.
North America has 11 cities with a total of $736bn, which could increase with the arrival of Donald Trump in the White House, who has promised to invest in construction and infrastructure projects. Latin America has only two on the list, totaling $124bn.
Europe only has five cities on the list, with a combined total of $890bn, reflecting the more sedate level of construction in the region.
CIC’s lead economist Danny Richards said: “The increasing economic power of cities worldwide is becoming an unstoppable trend, as growth in incomes and opportunities continues to attract more and more people to urban centers. In order to cater for the expansion in urban populations, huge investment is required in new residential and commercial buildings as well as utilities and transport networks and other physical infrastructure.”
[edit] Related articles on Designing Buildings Wiki
Featured articles and news
The 2024 update of the Common Assessment Standard
Demonstrating organisational capability’ to fulfil roles under the Building Safety Act.
56 recommendations for a better built environment
Published by the CIC ahead of the King’s Speech.
SkillELECTRIC Top 8 Competitors Named
in annual search for the UK’s best student electrician.
CIOB Diversity and Inclusion technical information sheet
Step-by-step guide on implementing D and I practices.
Conservation and the Indian City. Book review.
Reversibility in conservation ethics
Learning from painting conservation.
Where It's AT Podcast launched!
New CIAT Architectural Technology Podcast goes live.
The holistic approach to understanding buildings, their defects and associated remedial action.
Housing Ombudsman raises urgent concerns
About window-related complaints in social housing.
Maintaining and refurbishing PVCu windows
Getting more from old windows that can't be replaced.
The global market for Air Conditioning
Potential growth in Latin America despite challenges ahead.
The Welded Masonry Support (WMS) IG Masonry Support
The first masonry support manufacturer to receive Passive House certification.
Anonymous and safe reporting service to stop meter tampering.
Planning approvals increased by twenty percent in June
Ahead of new housebuilding drive by Labour government.
Tech advances, regulatory standards, but a global demand.
Refrigeration market updates on condensing units.
The National Retrofit Hub at a one year milestone
Four key NRH resources now available.