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Articles

Hong Kong's Construction Industry Projected to Grow Over the Coming Years

Written by: Editor

The construction industry in Hong Kong is expected to grow during the next five years, as a result of some anticipated and important transport projects. Experts have estimated that the growth will be at around 1.8 percent per year, between 2018 and 2022. The construction industry is a regulated business sector and investors who want to open a Hong Kong company can seek specialized assistance for company formation.
 

Transport projects to facilitate the development of the construction industry

 
BMI Research, a research firm specialized in industry and financial market analysis, released a report that highlights the positive evolution of Hong Kong’s construction sector as a direct result of the advancement of a number of important transport projects.
 
A series of significant transport projects in Hong Kong are believed to increase construction by 1.8 percent during 2018 and 2022, according to the performed research. These transport works concern the expansion of highways, a third runway terminal, and new urban transit lines. All of these transport expansions and upgrades are believed to create investment opportunities in construction in the city during the following years.
 
Hong Kong has a series of ambitious and important infrastructure projects, including a proposal for a third runway terminal at its International Airport, a new link that will connect the East Rain and West Rail Lines to Admiralty, a new metro line and a tunnel that will link Eastern Harbor to Liam Tin. The resources for the public infrastructure projects will come from Governmental surpluses. Investments in construction, including the new construction projects that will be linked to these transport works, are believed to come from private entrepreneurs. 
 

The construction sector in Hong Kong

 
Hong Kong’s construction industry recorded positive growth during the last years and an important factor in this favorable evolution have been a number of residential construction investments. Opportunities in the construction sector depend on the type of project.
 
Investors who are interested in company formation in Hong Kong and the opportunities presented by the construction industry can contact us for complete information about company formation and required licensing. 
 
 

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