UAE construction summary 

Source: statistical department UAE

www.dsc.gov.ae

1st International Fieldtrip to Korea, September 2012
MPM5 Ho Chi Minh city

During the week 03-07 September 2012, MPM has organised the 2nd international field trip to Korea for MPM5 students. Students visited Hyundai E&C R&D Institute, high-rise building project and public infrastructure sites.

Visit to Hyundai E&C

Dr. Hadikusumo expressed the sincere thanks to Dr. Lee, Suckhong, Director of Hyundai E&C Co., Ltd., R&D Division

@ Hyundai High-rise building site, Korea

@ Amsa Grand Bridge Project, Korea

Lab tour at Hyundai E&C Research Centre

...with Dr. Park, Kyung Ho, Senior Executive Vice President, Civil and Environment Division, Hyundai E&C Co, Ltd. 

Infrastructure report Indonesia

Activity in Indonesia's construction industry has returned robustly in the second quarter of 2011, bringing real growth for the sector to 6.36% year-on-year in the first half of 2011, in line with our 2011 full-year forecast of 6.3%. However, the lack of improvement in Indonesia's business environment and the weakening global economy will continue to pose significant risks to Indonesia's infrastructure and construction sector in 2012 despite the vast opportunities on offer. Nevertheless, construction activity, driven by investment into transport and energy infrastructure, as well as industrial construction related to the country's growing mining sector, is expected to be relatively robust between 2012 and 2016, averaging 7.2% per annum. 

Key factors that will facilitate growth include: 

In July 2011, Three state-owned Chinese companies, China Building Civil Constructions, Changjiang Waterway Engineering Bureau, and China Foundation for Desertification Control, had send officials to indicate their serious intent to invest in East Java, signed a memorandum of understanding for several infrastructure projects amounting to around US$3bn. This move once again highlight the robust interest companies from stagnant domestic markets have for Indonesia. 

In August 2011, Malaysian company Markmore Labuan had signed an agreement with Prodexim, a company owned by the South Sumatran provincial government, for the construction of a toll road in South Sumatra, Indonesia. The 137km road, requiring an investment of IDR7.5trn (US$882mn), will connect Kayu Agung in Oki with Betung Banyuasin. This investment highlights foreign interest in the sector which is largely dominated by domestic companies. 

In September 2011, the Jakarta administration had finally announced that it is aborting its US$630mn monorail project, a project that had originally started in 2004. The project, which started in 2004, failed to move forward due largely to the lack of financiers. The capital city has since move towards the development of a separate urban railway system. 

Indonesia’s business environment continues to pose downside risks for investors. Although the Indonesian government is working hard to attract private investors, there is still an underlying threat of corruption and a lack of transparency in the tendering process. The biggest concern is that Indonesia appears to be regressing in its fight against corruption, with a raft of proposals - that if approved - would undermine current anti graft laws. This culminates in a score of just 56.7 out of 100 for infrastructure business environment.


Business Monitor International
Source :http://www.marketresearch.com/Business-Monitor-International-v304/Indonesia-Infrastructure-Q1-6680228/

Source: Department of Statistics Singapore

http://www.singstat.gov.sg

Building Construction Activities in recent Years

Source: Building and Construction Authority via Department of Statistics Singapore

http://www.singstat.gov.sg

SOCIO-ECONOMIC STATISTICS FOR THE FIRST HALF OF 2012  VIETNAM

1. Gross Domestic Products (GDP) Growth GDP in the first six months of 2012 at 1994 constant prices was estimated increasing by 4.38% from the same period in 2011, of which it rose 4.00% in 1st Quarter; and by 4.66% in 2nd Quarter. Of the economy’s general growth, the sector of agriculture, forestry and fishery rose 2.81%, contributed 0.48 point percent; the industry and construction by 3.81%, contributed 1.55 points percent; and the service by 5.57%, contributed 2.35 points percent. The low growth of GDP was due to difficulties met in production, business and consumption of goods by many economic sectors. The industry held great proportion in GDP but its growth was low. However, the economy has changed positively since 2nd Quarter, particularly for the sector of industry and construction: the value added of this sector in 1st Quarter rose only 2.94% from the same period last year, but in 2nd Quarter it rose 4.52%, of which industry rose from 4.03% to 5.40%. 2. Construction As estimated, 6 months’ constructional production value at current prices reached 283.3 trillion dongs, of which the state sector reached 42.5 trillion dongs, accounted for 15%; the non-state sector 232 trillion dongs, accounted for 81.9%; and the FDI sector 8.8 trillion dongs, accounted for 3.1%. As estimated, 6 months’ constructional production value at 1994 comparison prices reduced 0.4% from the same period last year, of which the state sector decreased by 6.8%; the non-state sector increased by 0.8% and the FDI sector by 1.5%. 3. Labor and employment The country’s labor forces aged 15 and above in 2012 were at an estimation of 52.7 million, rose 1.3 million from 2011, of which men accounted for 51.6%; women accounted for 48.4%. Laborers within the labor working age group were 47.1 million, rose 0.6 million, of which men accounted for 53.7%; women accounted for 46.3%.Laborers aged 15 and above working in the economy in 2012 were at an estimation of 51.6 million, rose 1.3 million from 2011, of which laborers working in the sector of agriculture, forestry and fishery accounted for 48.0%; in the sector of industry and construction accounted for 20.9%; and in the service sector accounted for 31.1%. Unemployment rate of laborers within the labor age group in 6 beginning months of 2012 was 2.29%, of which it was 3.62% for urban area and 1.65% for rural area. Under-employment rate of laborers within the labor age group was 3.06%, of which it was 1.92% for urban area and 3.60% for rural area. SOURCE: GENERAL STATISTICS OFFICE

                                                                                                                                                                                    

CEIM Welcome Party for Aug2012 Batch 

with 

Dr. BHW.Hadi Kusumo & Dr. Santoso