Growth in Global Construction to Outpace World GDP Over Next 10 Years

LONDON, March 3, 2011 -

    - Growth in Asian powerhouses and cyclical rebound in the US to
      fuel massive growth in world construction over next 10 years.



    - Global construction to grow by almost 70% from $7.2 trillion
      today to $12 trillion by 2020.

    - China, US and India generate over half of the $4.8 trillion
      growth.

A new report out today by Global Construction Perspectives and Oxford
Economics predicts growth in global construction will outpace world GDP
growth over the next decade.

To view the Multimedia News Release, please click:

multivu.prnewswire.com/mnr/prne/gcp/47613/

"Construction has never seen such rapid growth above GDP, fuelled by the
emerging super powers of China and India and a rebound in US construction",
says Graham Robinson, Director, Global Construction Perspectives, an author
of the report.

The Global Construction 2020 report, a major global study into
construction, sponsored by global advisory firm PwC, predicts that global
construction will grow by 67% from $7.2 trillion today to $12 trillion by
2020.

The report says a total of $97.7 trillion will be spent on construction
globally over the next ten years.

Growth in China, India and the US will account for over half of the
predicted $4.8 trillion increase in global construction to 2020.

China and India will drive growth in emerging markets as rising
populations, rapid urbanisation and strong economic growth are key drivers
for construction.

China, boosted by stimulus spending, overtook the US in 2010 to become
the world's largest construction market.

China's construction market will more than double in size over the decade
to $2.5 trillion by 2020, or 21% of world construction.

"Construction will become one of the exciting global growth industries of
the next decade driven by emerging markets and the US rebound" says Dr Neil
Blake, Director of Economic Analysis at Oxford Economics.

The report predicts that India will overtake Japan to become the world's
third largest construction market by 2018.

The US will register a sharp cyclical rebound in construction with short
term double digit growth in both residential and non residential building
sectors.

Seven countries - China, US, India, Indonesia, Canada, Australia and
Russia account for two thirds of growth in global construction to 2020.

"Corporates need to work out how to deploy skills and develop the best
alliances to benefit from the exciting growth opportunities that exist", says
Jonathan Hook, Global Leader, Engineering and Construction, PwC.

www.globalconstruction2020.com

Contact: Graham Robinson - graham at constructglobal.com +44(0)203-0868820