Ethical Consulting Group Australia’s Post

ROSHN awards contracts worth $2.4B at Cityscape Global for Saudi community projects, including housing and infrastructure, with international and local partners. ROSHN, the Saudi real estate developer backed by the Public Investment Fund (PIF) has awarded contracts worth SAR 9 billion (approximately $2.4 billion) for its community projects across the country. This is according to the latest news from Arab News, Trade Arabia, and other news sources last week. Chinese and Saudi companies signed these contracts during the debut of Cityscape Global in Riyadh. These contracts cover construction, primary and secondary infrastructure, and fittings. CHINA HARBOUR ENGINEERING COMPANY SECURES THE LARGEST CONTRACT The first contract with the China Harbour Engineering Co. Ltd is worth SAR 7.7 billion. This contract includes the construction of 6,700 residential units, along with retail spaces and essential amenities such as mosques and community centres. These developments will be part of ROSHN's Sedra and Warefa communities in Riyadh. The entire project is due for completion within 45 months, according to news reports. CANAL AND BRIDGE CONSTRUCTION DEAL WITH SAUDI GROUP PC MARINE SERVICES The second contract with Saudi group PC Marine Services is worth SAR 690 million. The work here focuses on canal and bridge construction within Roshn's Marafy community. This connects to Alarous in Jeddah, according to news reports. SAUDI ABYAT TO SUPPLY HIGH-QUALITY KITCHENS ROSHN awarded the third contract to Saudi Abyat but with no clear monetary value. This involves the design and supply of around 12,000 high-quality kitchens. It includes both the kitchen construction and fittings for many upcoming Roshn communities, according to news reports. INFRASTRUCTURE WORKS CONTRACT WITH SAUDI PAN KINGDOM COMPANY The fourth contract with the Saudi Pan Kingdom Company - SAPAC is worth SAR 840 million. This agreement covers primary and secondary infrastructure works for Roshn's upcoming communities in the western regions of Saudi Arabia, according to news reports. ROSHN'S CEO ON THE IMPORTANCE OF THESE CONTRACTS CEO David Grover expressed his pride in announcing these multi-billion-dollar commercial partnerships. He highlighted that they are key in leveraging both Saudi and international expertise to improve Saudi Arabia’s construction and real estate sector. Grover also mentioned how they will support supply chains and encourage foreign direct investment (FDI). https://lnkd.in/eiwgSSqb

Ship Ahoy! Osborne Naval Shipyard Expansion: Impact on Residential Zones and Real Estate Opportunities The Osborne Naval Shipyard, located in South Australia, has seen significant expansion due to the growing demand for naval shipbuilding projects, such as the construction of submarines and frigates. This development is set to have a substantial effect on surrounding residential zones, contributing to increased economic activity, population growth, and shifts in land use. Key Impacts on Residential Zones Increased Demand for Housing: The shipyard's growth will likely attract a larger workforce, contractors, and support services, creating a surge in housing demand in nearby suburbs. Many workers may prefer accommodation close to the shipyard, driving this demand. Rising Property Values: As demand for housing rises, property values in surrounding areas are expected to increase. While this benefits homeowners, it may also present affordability challenges for low-income residents. Infrastructure Strain: Population growth and increased economic activity could strain local infrastructure, such as roads, public transport, and utilities. This may prompt local governments to invest in infrastructure improvements to support the growing population. Potential Rezoning: As the region faces higher housing demand, rezoning underutilized or industrial areas for residential purposes may become a consideration. Local councils could allow for higher-density housing or the development of new residential estates to meet workforce needs. Noise and Environmental Concerns: The proximity to the shipyard may raise concerns about noise, traffic, and environmental impacts. These concerns could lead to stricter regulations and the creation of buffers between industrial and residential zones. Rezoning Opportunities The Port Adelaide Enfield Local Council has demonstrated a proactive approach to rezoning considerations to address population growth. While no formal rezoning plans have been confirmed, residential zoning expansions may support workforce housing needs. Urban planning in the area will need to balance economic development with preserving residents' quality of life, ensuring long-term sustainability and infrastructure readiness. Real Estate Insights With the Osborne Naval Shipyard's expansion creating significant housing demand, opportunities for acquiring sites with potential for residential density increases are on the rise. I have had discussions with several interested parties that clearly is highlighting a growing focused residential developments and underutilized community shopping strips along the peninsula. This indicates that the region is poised for further growth, offering prime real estate investment opportunities. San Arora – 0450 008 065 Website - https://lnkd.in/gejAXMp4

Construction spending reached £7.1bn in February, their highest level in seven months - Construction spending at highest levels in months. - Infrastructure is a star performer, reaching highest spending level in over four years. - Commercial has a stellar month as mega projects are confirmed. - Businesses remain coy on new planning applications as they await better economic news. February saw construction contract awards reaching £7.1bn, their highest level in seven months, according to Barbour ABI’s latest data. An 11% increase in contract awards in February appeared to confirm the increased spending trend reported by Barbour in January, as industry spenders continued to flex their muscles. Infrastructure was the star performer with spending increasing by 108% on January. Contracts for two road tunnels under the Thames for the Lower Thames Crossing in Kent were agreed with a value of £1.3bn. Better prospects are also in store for the commercial sector as the significant headwinds faced since the onset of the global pandemic begin to ease. A 152% increase in spending included the £330m refurbishment of Citi Group’s iconic 42-storey tower at Canary Wharf finally got into contract in February, adding to the already sizeable pipeline of extensive refurbishments in the commercial sector. Redevelopment of ITV’s former recording studio on London’s Southbank gained planning consent after a lengthy delay and Stanhope submitted revised plans for what will become the City of London’s tallest tower – 1 Undershaft – in January. https://lnkd.in/eAV5F7SA

When will the construction of the bridge connecting District 1 and District 7, costing nearly VND 4,000 billion, commence? The Nguyen Khoai bridge project was approved by the Ho Chi Minh City People’s Council for investment since 2016, with a total investment of VND 1,250 billion. However, it has not been implemented for a long time. At the end of 2023, the project was adjusted by the Ho Chi Minh City People’s Council, with the total capital increased to over VND 3,725 billion due to changes in scale. Recently, the Ho Chi Minh City People’s Committee has submitted a proposal to the Ho Chi Minh City People’s Council regarding the list of land withdrawal projects for socio-economic development. The land area of the Nguyen Khoai bridge project to be withdrawn is about 1.7 hectares through 3 districts including District 1, District 4, and District 7. The land withdrawal period is from now until the end of 2024. Nguyen Khoai bridge rendering The Nguyen Khoai bridge is nearly 5km long. Of which, the bridge section has a total length of nearly 2.5km, width ranging from 6.5m to 25.5m, and the road section is over 2.3km long, width ranging from 26.5m to 61.5m, allowing continuous traffic from District 7 to District 1, and vice versa. The construction starts from D1 Road (connecting Saigon University with Nguyen Van Linh Street and Him Lam Residential Area, District 7), then the main bridge section crosses the Te Canal in the air along Nguyen Khoai Street. The bridge continues to cross the Ben Nghe creek and connects to Vo Van Kiet Street. The bridge has 2 branches connecting Tran Xuan Soan Street (District 7), 2 branches connecting Ton That Thuyet Street (District 4), and 4 branches connecting Vo Van Kiet Street (District 1). Nguyen Khoai bridge rendering According to the Project Management Board of the city’s transportation investment projects – the project owner, the project is currently being developed, reviewed, and approved for adjustment feasibility study reports. After the land withdrawal plan is approved, the project will carry out compensation, support and resettlement, and relocation of technical infrastructure. It is expected to commence at the end of 2024. The project will be tested and put into operation in 2027. The Nguyen Khoai bridge opens a new road axis from the South to the center of Ho Chi Minh City, reducing traffic pressure on Khanh Hoi – Te Canal bridge – Nguyen Huu Tho, Nguyen Van Cu – Duong Ba Trac – Road 9A, Nguyen Tat Thanh Road, etc. Currently, these routes are frequently congested not only during peak hours but also during off-peak hours. The post When will the construction of the bridge connecting District 1 and District 7, costing nearly VND 4,000 billion, commence? appeared first on xe.today.

𝗟𝗼𝗻𝗱𝗼𝗻 𝗖𝗼𝗻𝘀𝘁𝗿𝘂𝗰𝘁𝗶𝗼𝗻 𝗖𝗼𝗼𝗹𝘀 𝗮𝘀 𝗛𝗼𝘁𝘀𝗽𝗼𝘁𝘀 𝗔𝗽𝗽𝗲𝗮𝗿 𝗡𝗮𝘁𝗶𝗼𝗻𝗮𝗹𝗹𝘆 Analysis conducted by Barbour ABI and the Construction Products Association (CPA) has revealed that construction spending is seeing a geographic shift as the industry recovers following the post-pandemic period and the infamous Liz Truss mini-budget. Comparing ONS figures from 2022 with contract awards data from 2023, researchers discovered spending shifting away from traditional #construction powerhouses in London and the Southeast, with new hotspots in construction activity appearing all over Great Britain. Barbour ABI’s head of business and client analytics, Ed Griffiths said, “There are clear hotspots for upcoming construction activity over the next 6-24 months, with hotspots outnumbering coldspots, where activity has gone down, by almost three-to-one overall and six-to-one for #infrastructure. “Encouragingly, regions with hotspots were spread across Great Britain and hotspots outnumbered coldspots in all regions of Great Britain.” London and the Southeast, which have seen the highest spending on construction in the UK, saw contract awards reduce by 18.5% and 17.6% respectively – wiping out gains made in 2022. Westminster, traditionally responsible for one of London’s biggest spending shares, took a 20% hit along with Berkshire (39%) and West Surrey (32%) in the Southeast. Meanwhile, Manchester was in the top 10 largest regions in terms of the value of contracts awarded in 2023. However, this was 18% lower than a year earlier. New winners across the UK Analysts found contract awards growth of 7.9% in the ...... 𝘊𝘰𝘯𝘵𝘪𝘯𝘶𝘦𝘥 𝘩𝘦𝘳𝘦: https://lnkd.in/eqME2YY4

GRAHAM secures PCSA for Central Docks Infrastructure at Liverpool Waters GRAHAM Group has been awarded the Provision of Preconstruction Services Agreement (#PCSA) for the #CentralDocksInfrastructure works at #LiverpoolWaters, a significant project for #PeelWaters. This appointment marks a pivotal step in the #regeneration of a 60-hectare historic site, transforming it into a vibrant, mixed-use waterfront quarter that promises to stimulate substantial #economicgrowth in central Liverpool. Under the PCSA, GRAHAM will engage a dedicated #supplychain team, integrating both #contractors and #suppliers into the design process. The project will unfold in two key stages: Stage One will focus on finalising the design and undertaking any advanced works, while Stage Two will encompass the completion of design and construction, ensuring optimal and cost-effective solutions. The PCSA stage is set to last for five months, with project completion anticipated by mid 2028. The vision for Central Docks is to create a unique sense of place that reinforces the site’s #culturalheritage and #identity, while also stimulating #economic and #socialregeneration. Discussing the appointment, GRAHAM Contracts Director Alastair Lewis said: “We are delighted to be named the D&B contractor for this significant investment in infrastructure in Liverpool. The regeneration of Central Docks will not only enhance its aesthetics but also stimulate economic growth in the area." Chris Capes, Development Director for Liverpool Waters, said: “This is an exciting milestone for the regeneration of Central Docks and it’s great to see the initial phase of work starting on site. Graham understands our vision for Liverpool Waters and has a huge amount of experience in delivering projects of this scale so we have complete confidence in them and look forward to working with them as we start to bring the new neighbourhood to life for the people of Liverpool.” Paul Mawdsley, Pagabo’s North West regional delivery manager, said: “This project is exemplary of the forward-thinking regeneration that will be key to delivering significant impact to the region. Indeed, its high-profile nature has seen it earmarked on several occasions by Labour’s Rachel Reeves as a development showcasing the potential that targeted investment in housing can have on growing the economy both locally and nationally." https://lnkd.in/djSfcPxX Image: L-R Chris Foran Senior Project Manager Liverpool Waters, Stephen McFaul GRAHAM Contracts Manager, Paul Mawdsley, Regional Delivery Manager North West, Pagabo and Chris Capes Development Director Liverpool Waters

⚡Canadian Construction Productivity Falls to a 30-Year Low Canadian construction productivity has hit a 30-year low, primarily due to stringent regulations, labour shortages, and slow technological adoption. The housing crisis exacerbates the issue, with a 3.5 million home shortage. Possible solutions include reforms in building codes, promoting modular construction, and improving workforce training to boost efficiency. Read the full story by Storeys: https://lnkd.in/gVvjT7jD Check out realestaterecap.ca for 15-second summaries of the latest real estate news in your area and across Canada. ✅

🚀 Australia’s Construction Sector Set for a Rebound in 2024 The Australian construction industry is forecasted for a significant rebound in 2024. This positive outlook is driven by new opportunities in warehousing, logistics, office refurbishments, and the repurposing of commercial premises. Public sector investment, particularly in education and healthcare, is also expected to boost growth. As we navigate this dynamic period, it's crucial to focus on strategic positioning and leverage these emerging opportunities. How is your organization preparing for the rebound? Let’s discuss the strategies and innovations poised to drive success in 2024. #australia #constructionindustry #2024

Plot rates in DHA Multan are influenced by various factors including location within the project, plot size, proximity to amenities, infrastructure development, and market demand trends. As of 2024, DHA Multan plot rates range from 5-6 lac per marla, reflecting the project's desirability, development progress, and market dynamics. Overview of DHA Multan: DHA Multan is a prestigious residential project developed by the Defence Housing Authority (DHA) in Multan, offering modern living amenities and a secure environment. Differentiating DHA Multan from Other Societies: Prestige and Brand Reputation: DHA Multan holds a prestigious reputation as a project developed by the Defence Housing Authority (DHA), known for its high standards of infrastructure, security, and amenities. Other societies may lack the same level of brand recognition and prestige associated with the DHA name, which can impact buyer confidence and property values. Planned Infrastructure and Amenities: DHA Multan boasts a well-planned infrastructure, including wide roads, modern utilities, parks, schools, hospitals, commercial areas, and recreational facilities, enhancing the quality of life for residents. Some other societies may have limited or underdeveloped infrastructure and amenities, resulting in a less desirable living environment and potentially lower property values. Security and Gated Community: DHA Multan offers a secure living environment with gated entry points, perimeter fencing, surveillance systems, and professional security personnel, ensuring the safety and peace of mind of residents. While security measures vary among other societies, DHA Multan's association with the military and stringent security protocols may provide a higher level of security compared to other developments. Investment Potential and Capital Appreciation: DHA Multan presents strong investment potential due to its reputable developer, planned infrastructure developments, growing demand, and potential for capital appreciation. Other societies may offer investment opportunities, but DHA Multan's brand reputation, location, and amenities may provide a competitive advantage in terms of long-term value appreciation and resale prospects. Payment Plans and Financing Options: Legal Compliance and Transparency: DHA Multan adheres to strict legal compliance and transparency standards, ensuring that properties are legally verified and free from encumbrances or disputes, providing buyers with confidence and peace of mind. Other societies may also prioritize legal compliance, the assurance of dealing with a reputable developer like DHA Multan can mitigate risks associated with property transactions.

Construction to thrive under a Labour government?? Construction output to ramp up in 2025, as the economic recovery gathers pace and private sector investment picks up following the General Election, according to the new mid-year Glenigan Construction Forecast.   Assuming a Labour majority is returned on July 4th and interest rates fall over the summer, the forecast predicts that new project starts in the private housing, offices, hotel & leisure, retail and industrial sectors will all increase from next year as investor confidence returns and political uncertainty fades.   After a 3% increase in the value of underlying (under £100 million) project starts this year, the new Glenigan Construction Forecast sees continuing rises of 7% next year and a further 6% in 2026.