ABSTRACT
The international construction market has a reputation for volatility. Tariffs, financial crises, oil, energy and commodity price volatility, currency fluctuations, disruptions to supply, trade wars and military conflicts are perennial features of the global market, at least somewhere in the world. Construction activity follows economic growth. For the most part, that growth has been and will continue to be in the world’s great cities. While most of the new economic growth is Chinese, other Asian cities feature, notably Mumbai, Delhi, Kuala Lumpur and Bangalore. Latin America, however, continues to falter, with its premiere centers – Santiago and Rio de Janeiro – losing ground. Every market is unique, but there a few key initial factors that project investors look for. Electric utilities are overstretched in Brazil, India and China, which are visited with regular power outages. Water resources, too, are polluted or depleted due to overuse and poor management.
