ENR’s Construction Industry Confidence Index fell four points this quarter, to a rating of 40. Confidence in the current construction market is virtually unchanged, but execs have become more pessimistic about the short- and medium-term future.
Despite inflation, labor shortages and other troubles plaguing the construction industry, some sectors continue to thrive, but others face difficulties as demand for growth slows.
Energy contractor Petrofac, with new CEO Tareq Kawash, will execute contract to expand the large Habshan gas processing complex in Abu Dhabi, one year after its suspension ended in UAE, Iraq and Saudi Arabia related to bribery incidents by former executives.
Japan's plan to discharge treated wastewater from the stricken plant into the sea would have "negligible" health and environmental impacts, says International Atomic Energy Agency.
Terms were not disclosed of the civil settlement with plaintiffs, but it "will allow LAN to put this matter behind them and focus on their future," an attorney says.
Canada-based SNC Lavalin Group, the parent of Atkins, said the sale when completed will further speed the corporate transition to engineering and project management.