Construction projects in the country are seen to rise more than three times next year from this year amid improving investment and economic climate, consultancy firm BCI Asia said.
In its Philippines Construction Market Outlook 2013 released yesterday, it said the value of total construction starts is seen to surge by 264 percent to P1.18 trillion next year from this year’s P324.63 billion. BCI country director Dean Borg said during the presentation of the report the general outlook for the country’s construction industry next year is positive given improving investment climate as well as strong economic growth. “The Philippines is in a very bright situation economically,” he said. Much of the growth next year, the BCI said, would be driven by the civil construction industry.
Source: Philippine Star
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