Why Asia?


A healthy spread of construction projects supports the stability of the Asian markets. The share between residential, industrial and infrastructural projects is almost evenly distributed. By government intervention there is a slight majority of projects on the infrastructure side. Almost all ASEAN countries are expected to increase their budgets for infrastructure in the next five years.

Increased urbanisation, investment, government spending, and consumer spending have also set ASEAN economies on the right track to double in the next 10-15 years which will trigger an increase in infrastructure development for the building and construction industry in the region.

ASEAN is near the benchmark of a US$3 trillion economy and fast increasing to a forecasted combined GDP of US$4 trillion in 2020. Emerging ASEAN markets are projected to enjoy strong consistent growth in next decade to come


  • Thailand has rolled out its 2016-2020 infrastructure plan which is set to benefit from the stability of the current government, as well as high public and private sector participation. The nation is likely to see the biggest increase in infrastructure spending in ASEAN over the next few years which is expected to reach US$58.5bn by 2025.
  • Myanmar is opening its market to foreign investors in the construction industry for development.Myanmar’s construction industry is forecast to record rapid growth in the next five years, at an annual average rate of 10.37%, to grow from the current value of US$8.2 billion to US$13.5 billion in 2020.The government will also be investing US$26.8 billion under the National Transport Master Plan, allocating funds to road, rail, water and air transportation projects until 2030.
  • Vietnam is forecasted to increase its urbanisation from its current 27% to a 45.2% by 2020. Its construction industry is forecast to grow by 6.3% in real terms in 2017 and 6.1% in 2018.The Vietnamese government is currently working to increase the efficiency and scope of infrastructure projects through foreign and private investment via public-private partnerships and equitisation for the country to maintain its status as a manufacturing hub.
  • Malaysia is anticipated to have US$22 billion of new and on-going infrastructure contracts awarded over 2017 and 2018, driving strong industry growth towards a CAGR of 9% in 2018. Growth would mainly be driven by the government’s increased expenditure on public infrastructure and residential housing.
  • Indonesia’s infrastructure spending by 2025 is expected to exceed US$165 billion, with matching government spending of approximately 7% per year . Many Indonesian infrastructure-related firms have also received capital injections from the government and have good revenue outlooks.
  • Philippines saw the gross value in private sector construction projects grow by 10% from 2014 to 2015, bringing the total including public sector activities to $31.889bn. The new government is also planning US$160 billion of infrastructure spending over the next 6 years.
  • At the same time, the momentum for China-ASEAN cooperation in realizing the ASEAN Master Plan for Connectivity (AMPC) in conjunction with China’s “One Belt, One Road” initiative is growing, given Southeast Asia’s economic and strategic importance to China, and its geographical proximity. As such, the region features strongly in China’s plans for expanding overseas infrastructure financing with the establishment of the Asian Infrastructure Investment Bank which will add to the financing support for infrastructure projects across ASEAN.
  • With strong impetus by ASEAN governments to accelerate this building and construction boom in the region via infrastructure building and inter-regional collaboration between ASEAN & China, the future is extremely bright for ASEAN which has strong potential to further solidify its position as one of the fastest growing regions of the world.