Implications of oil prices on the construction infrastructure in Saudi Arabia

Growing population pressure and falling oil prices have been forcing Saudi Arabia to diversify its economy and attract investment in non-oil related industries. This will require some huge investment in the country infrastructure. The government has already prepared a long term development plan called Vision 2030 which encompasses all major sectors including building infrastructure. A
Tagged under: ,

Behind the rising labour costs in the Chinese construction industry

The labour cost in the Chinese construction industry has been on the rise due to labour shortages across major cities. However, the wage rise has still not overcome the shortage issue. The average wage in the Shanghai construction market reached nearly RMB 7,000/month in the final quarter of 2016, and registered an increase of 5%
Tagged under:

New Chinese mortgage rules to support the property market

China Central Bank has recently released a policy which reduced the minimum down payment for the first time home buyers from 30% to 25% of the purchase price. However, this policy mainly applies to tier-two and tier-three cities, which could help to boost the demand of the property market. China implemented the 30% down payment
Tagged under: