The US Naval forces have shot down dozens of Houthi one way attack drones and the larger Shahed-136 drones which cost USD2,000 and USD20,000 respectively.
For 2024, Canada Mortgage and Housing Corporation (CMCH) stated that, Edmonton reflects a broader trend for new home construction in Canada where builders are more focused than ever on multi-family development.
Canada is facing a housing crisis, with an urgent need for 4.3 million additional homes for low-income individuals, students, and the unsheltered, as well as 199,000 new beds in Long-Term Care facilities by 2035.
BuildingSMART Canada has issued a compelling call to action through its “Roadmap to Lifecycle BIM in the Canadian AECOO Community.”
The average housing price reached approximately $939,000 in late 2023, with further increases predicted as property prices rise due to demand outpacing supply.
On the supply side, building commencements are in decline, with 2024 data for new dwelling commencements at a 10-year low.
Metro Vancouver’s populace at present continues to grow with an annual increase of 50,000 people.
In response to this alarming emission rate, the government aims to reduce it to 53 MT by 2030.
These measures are expected to generate HK$8.8 billion to HK$17.6 billion in additional shopping expenditure for the city.
As of 2023, the global interior fit-out market, which includes the retail sector, was valued at approximately USD 58.91 billion.
Crowned as one of the busiest cargo airports in the world, Hong Kong International Airport witnesses 68 take-offs and landings of cargo flights per hour and served 74.7 million passengers last year.
The International Air Transport Association (IATA) projects a staggering 4.7 billion passengers worldwide by 2024, underscoring the critical need for top-notch airport facilities.
Risk professionals play a pivotal role in current world industries, with over 75% of global companies reporting that risk management significantly impacts their success, according to PwC.
Thailand’s economy is gaining momentum, with GDP growth accelerating to 2.3% in Q2 of 2024, signalling a promising outlook.
The Exchange-traded fund market is expected to increase in assets from $1.17 trillion in 2024 to $1.61 trillion by 2029, with a projected compound annual growth rate (CAGR) of 6.59%.
Major cities like Hong Kong, Singapore, and Manila are racing to reclaim land for mega projects, driven by the need for economic development and housing.
Over 80% of the world’s goods are transported by sea, as it is the most efficient delivery method for huge quantities of cargo.
The global Aircraft Cabin Interior market is set for significant growth, projected to reach a value of $37.6 billion by 2033, expanding at a CAGR of 6.1%.
According to industry reports, global demand for rolling stock is expected to increase at a compound annual growth rate of 4.2 per cent from 2019 to 2025 with demand expected to touch $75.12 billion by 2025.
Across APAC, large-scale projects face significant hurdles, with studies indicating that 95% of mega-projects exceed budgets or schedules, often experiencing cost increases of 60–90% and delays of up to two years.
In 2023, Malaysia’s electrical & electronic exports was RM 575 billion or USD 123 billion, accounting for 40 percent share of total exports, more than the next nine biggest exports combined.
For instance, Modula’s modular techniques at Sir John Rogerson’s Quay cut on-site labour requirements by up to 60%, resulting in substantial time savings throughout the project.