Investment in infrastructure is a key growth driver for South Korea’s construction sector according to Timetric. The country has stepped up infrastructure development ahead of the 2018 Winter Olympics. Infrastructure construction is expected to be the fastest growing section of the country’s construction industry, with a predicted CAGR of 3.47% in 2013 – 2017. Within this, rail infrastructure is the principle area of growth. It is expected to record a CAGR of 3.87% over the same period. The government plans to build a train line between Wonju and Olympic host cities Pyeongchang and Gangneung. The project, which represents an investment of US$3.7 billion, aims to increase the share of freight from 8% to 19%.
Imran Akram, IA Cement Ltd, provides an overview of the cement sectors in the emerging markets. This is an abridged version of the full article, which appeared in the December 2012 issue of World Cement. Subscribers can view the full article by logging in.