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Western Countries Invest in Asia

According to the Asia Construction Outlook 2014 survey, the prospect for both the size and the growth of Asian Construction market remains positive with 92% respondents in agreement. It is expected that the market will continue growing healthier for 50% for the remainder of the year.

The survey results in AECOM 2014 indicates that Indonesia, Malaysia, Japan and Thailand stand out as countries which respondents expect to become increasingly attractive to foreign suppliers of construction service. However, comparing to the 2014 survey results with those from the 2013 survey indicate that respondent’s views have become more pessimistic regarding long-term market attractiveness in Singapore and India.

Indonesia’s construction industry has performed well during the review period, driven by strong economic activity and high levels of investment. The country, along with Malaysia is said to be the forefront of market growth in the region for the next 12 months. Its neighboring countries have felt the pressure and are now expanding their ventures as well in lieu of the title.

Multinationals have been increasing their footprint in Asia for years as they have moved from selling into the region to also investing. Asian companies are also being competitive threats outside the region as well, as they set their site on the global dominance.

It is never easy to set foot into a developing nation. Aside from the competition that may arise against local businesses, there are also competitors among fellow foreigners. Singapore, tagged as the most expensive city in the world has plans to further expand their capability. The government even allotted S$450 million dollars to construction alone.

Exploring other potentials and competing with western countries, Singapore has also established their brand to other Asian countries. Many companies like Cedar Capital Group which sells and rents capital equipment, employed agents to Tokyo, Japan and Seoul South Korea to study their strategies and learn their business.

This was posted in Bdaily's Members' News section by Mark Paul Lucas .