Egyptian construction firm Hassan Allam has announced it will float up to 44.3% of its shares on the London Stock Exchange (LSE) and the Egyptian Exchange (EGX). The company said it intents to use the proceeds of the capital raise to develop a portfolio of solar assets in partnership with Lightsource BP – Europe’s biggest…
A renewable energy construction boom in the Australian state of Victoria is set to create more than 6,000 annual jobs, according to a new report by Green Energy Markets (GEM), commissioned by GetUp. Victoria is officially creating more large-scale renewable energy construction jobs that any other Australian state, with 5,169 jobs years of employment –…
Construction of Western Sydney Airport has officially commenced at Badgerys Creek, with Prime Minister Scott Morrison breaking ground at the site today. At the opening ceremony, Morrison talked up the significance of the project, calling it the ‘biggest game changer’ for the city of Sydney since the construction of the Harbour Bridge. The Badgerys Creek…
The redevelopment of the area around London Euston rail station in the UK could be worth close to £6 billion when fully completed, according to the project’s master-developer Lendlease. The Euston redevelopment project was valued as part of Lendlease’s results for the year to 30 June 2018, in which the multinational construction firm recorded an estimated…
Egypt’s construction sector has more than 1,400 active projects that have been valued at US$348 billion, according to a report by BNC Network ahead of The Big 5 Construct Egypt Expo. The North African nation is experiencing a widespread period of prosperity, with the construction industry at the forefront of this economic growth, registering 10%…
Fortescue Metals Group has confirmed it will build a new large-scale iron ore mine in the Pilbara region of Western Australia, as part of its plans to increase the average grade of its iron ore output. The Australian mining giant will spend US$1.27 billion on the construction of the Eliwana mine, which will replace the…
Latest figures from the Australian Bureau of Statistics have shown that the Australian construction industry has begun the year with minimal growth in terms of work completed and total value. The value of total construction done over the quarter ending in March creeped up by 0.2% to AUS$51.2 billion on a seasonally adjusted basis. However,…
London has been ranked as the fifth most expensive city in the world to build in, according to a report from consultancy Turner and Townsend. The report also found that construction costs will rise by 2.8% in 2018, albeit at a lower rate than the 3.9% increase noted in 2017. Construction costs in the UK’s…
A report has found that Dallas-based construction company Rogers-O’Brien has saved an estimated US1.8 million a year by using iPad’s onsite. The firm ditched paperwork in favour of the Apple tablet five years ago in a project overseen by director of applied technology Todd Wynne. Out of 390 employees, 190 possess and iPad for work…
Australia’s Prime Minister Malcolm Turnbull has promised a multibillion dollar infrastructure spend ahead of the release of the country’s latest federal budget. The PM unveiled part of a AUS$24.5 billion 10-year road and rail infrastructure package, most notably including the $5 billion rail link connecting Melbourne’s airport to the city. In addition, $400 million has…