Leisure and hospitality projects take lead
Published by Joseph Green,
Editor
World Cement,
According to a new report by Timetric, the major economies in Asia-Pacific are investing over US$417 billion in commercial and leisure projects in the next few years. China heads the list of 13 countries analysed with projects valued at over US$140 billion. Following China is Australia at US$61.4 billion and South Korea with a total value of US$43.3 billion.
The leisure and hospitality sector is estimated to have the highest value according to Timetric, accounting for US$245.1 billion or 59% of the total commercial and leisure sector.
China tops the list, followed by Australia; while Macau (SAR) - with its huge gambling industry - is fourth after South Korea. Moreover, Disney is teaming up with local developers to build the Shanghai Disney Resort in China, whilst Hong Kong developers Galaxy Entertainment Group and the US-based Las Vegas Sands Corporation are funding major gambling and resort developments in Macau (SAR).
Adapted from press release by Joseph Green
Read the article online at: https://www.worldcement.com/asia-pacific-rim/29062015/major-economies-asiapacific-commercial-leisure-projects-81/
You might also like
Cemex to divest its operations in the Philippines
Cemex has announced that its subsidiary, Cemex Asia B.V., has signed an agreement with DACON Corporation, DMCI Holdings, Inc. and Semirara Mining & Power Corporation for the sale of its operations and assets in the Philippines.
