These measures are expected to generate HK$8.8 billion to HK$17.6 billion in additional shopping expenditure for the city.
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.
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.
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.
The rapid growth of Special Economic Zones (SEZs) in ASEAN reflects the region’s ambitions to position itself as a global economic powerhouse.
Malaysia’s construction sector is projected to grow by 5.2% in 2024 and 5.0% in 2025, driven by public infrastructure projects like the Pan-Borneo Highway, ECRL, and LRT3.
With two-thirds of the country’s existing buildings expected to remain in use until 2050, the demand for refurbishment and modernization has become urgent.
With the region’s agricultural equipment market set to grow at a CAGR of 5.91%, technological advancements are becoming pivotal.
The prefabricated building industry in Thailand is projected to achieve a CAGR of over 5% from 2023 to 2028.
The Asia-Pacic BIM market is projected to grow at a CAGR of 19.1% during the forecast period from 2020 to 2026.
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.
This initiative aligns with France’s broader sustainability objectives, which include a commitment to reducing carbon emissions in the construction industry by 55% by 2030.
According to Construction Week, the permanent modular construction market in the GCC region grew from $2.9 billion in 2020 to $3.4 billion by 2023.
Home to the NFL, NBA, MLB, and NHL, some of the world’s most lucrative and iconic leagues, it generated a staggering $47.3 billion in combined revenue during the 2023/2024 season alone.
The United States is set to witness a record-breaking number of apartment and multi-family completions this year, with 518,108 rental units expected to be delivered.
In January 2024 Japan also experienced a magnitude 7.6 earthquake which saw the collapse of more than 200 buildings collapsing and the partial collapsing of more than 2000 buildings.
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%.