After 12 months of ups and downs, the final tally for 2015’s total construction starts ended the year with an 8% annual increase, representing $646 billion in new work, according to Dodge Data & Analytics.
China-based equipment manufacturer Zoomlion Heavy Industry Science and Technology Co. has made an unsolicited offer to acquire U.S.-based Terex Corp., possibly upsetting a merger of the company with Finland-based Konecranes.
A joint venture of UAE-based Arabtec and Turkish contractor TAV has won the main contract to build the $1.1-billion new terminal building and related infrastructure at Bahrain International Airport, the country’s transport ministry said on Jan. 22.
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