Mr. Cihan Candemir, Chairman of the Asian Council on Constructing and Construction of CACCI and member of the Contracting Services Assembly of Turkey, started the session by giving a presentation on the world construction market – putting an emphasis in the Asia-Pacific and Middle markets – and about the international activities of Turkish contractors and the Turkish Contractors Association. […]
Mr. Candemir noted that the construction sector worldwide account for 11% of the global GDP. In terms of growth, he said that Asia and Latin America were the fastest growing regions in 2011 and 2012. China accounts for 41% of the construction market in the Asia Pacific. Looking forward, Mr. Candemir said that Asia and other emerging markets will see a continuing growth in contracting and construction due to rising populations, rapid urbanization, and strong economic growth. He predicted that by 2020, emerging markets will account for 55% of global construction, and that construction will make up 60.6% of GDP in emerging markets.
Mr. Jose Mari Cañizares, Senior Architect at J.M. Cañizares The Architect, provided a briefing on the Philippine construction industry and the investment opportunities it presents. He also discussed some of the projects he undertook in and the processes and procedures involved in bringing the projects into completion.
In his concluding remarks, Mr. Candemir stressed the need for members of the Asian Council on Contracting and Construction to find ways of cooperating and doing business with each other by forming strategic partnerships among themselves. He said that in the next years, countries such as India and Russia offer plenty of opportunities for the construction sector on which members can work together given their capabilities and capacities.
