Latest news and articles about construction sector from NEX English
Prudential Financial has announced funding of nearly <strong>$4 billion</strong> for land projects in collaboration with Domain Real Estate Partners. This investment aims to strengthen the company's presence in the growing U.S. construction market.
Steel prices in the Egyptian market have shown significant stability today, with major companies continuing to offer competitive prices to consumers. This comes amid ongoing changes in the global metals market that directly impact local prices.
The global construction sector is preparing to adopt artificial intelligence technologies to ease the daily pressures it faces. This move comes at a time when the demand for efficiency and productivity in construction projects is increasing.
Malaysian Economy Minister Akram Nasrallah Muhammad Nasser announced that the construction sector is facing significant challenges due to rising fuel and material prices. Data indicates an average increase of <strong>12%</strong> in the prices of seven key materials.
The project sector in Saudi Arabia experienced significant activity in March 2023, with 11 projects awarded totaling over 15 billion Saudi Riyals ($4 billion). This momentum reflects the ongoing developmental drive in the Kingdom.
The construction and real estate sectors in the Middle East are facing significant challenges due to rising energy prices, necessitating strategic adjustments. According to the Economic Information Center at Siam Commercial Bank, ongoing conflicts in the region are driving up energy and construction material costs.
The Saudi Shura Council held its twenty-fourth session to discuss the annual report of the Ministry of Commerce, urging immediate actions to enhance the construction and automotive sectors. Members emphasized the need to boost confidence in the business environment and support small and medium enterprises.
Semen Indonesia announced a net profit of <strong>190.84 billion rupiah</strong> for 2025, representing a significant decline of <strong>73.48%</strong> compared to the previous year. This drop in profits occurred despite achieving revenues of <strong>35.24 trillion rupiah</strong>.
The Department of Occupational Safety and Health in Penang has ordered a halt to construction work after a worker died from a falling wooden plank. The incident occurred on March 19, highlighting safety issues at construction sites.
The construction sector in England warns that a lack of increased spending on higher education could hinder government housing goals. This comes at a critical time as pressures on the education budget rise.
The number of building permits in Jordan has significantly increased by <strong>19.6%</strong> this year, with approximately <strong>20,000</strong> new permits issued. This growth reflects a recovery in the construction sector amid various economic challenges facing the country.
On Saturday, March 28, 2026, iron and cement prices in Egypt's construction market remained stable, with iron priced at <strong>15,000 EGP</strong> per ton and cement at <strong>1,200 EGP</strong> per ton. These prices reflect ongoing changes in the local market.