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Construction industry outlook (2 of 2) (12/1/2014)

Last week, we talked about the Government’s measures to increase the productivity of the construction industry, such as the application of “3S” in design and construction, technology applications, encouraging innovation and assisting small and medium contractors. However, Hong Kong’s construction industry is facing many problems including the ageing the workforce, a mismatch of skills and a shortage of new entrants. We need to step up our efforts to address these problems and enhance the manpower resources for the construction industry on various fronts. This work mainly consists of three aspects......

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The outlook for the construction industry (1 of 2) (5/1/2014)

Hong Kong has entered a peak period for the construction industry. Many major infrastructural projects, including the well publicised Hong Kong-Zhuhai-Macao Bridge and the Guangzhou-Shenzhen-Hong Kong Express Rail Link, have already commenced construction. In addition, many small and medium-scale projects, such as greening works and the construction of cycle tracks, are underway. The estimated annual capital works expenditure is expected to exceed $70 billion in the next few years. At the same time, expenditure on the construction of railway and private projects is expected to remain at a relatively high level. These investments not only boost economic development and create jobs, but also enhance Hong Kong’s competitiveness and promote its sustainable development in the long term......

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