Latest global predictions suggest that spending on new infrastructure projects has now overtaken spending on property construction and will continue to lead for the next decade.
Although construction contractors from Asia and Europe are pledging to collaborate on building infrastructure that promotes economic growth and international ties, a former United Nations secretary-general is challenging the global construction industry to go further and expand its efforts to address climate change.
Following a slowdown in worldwide construction output last year, 2018 will start a long period of growth, reaching 15% of total GDP by 2032, according to a new forecast.
