Home: Spring 2012 › Global survey
04/05/2012 | Channel:
Maintenance, Gas, Water, Electricity, Equipment
KPMG’s sixth annual Global Construction Survey finds that 41 per cent of the top global engineering and construction leaders expect the energy/power industry to offer the biggest opportunities for revenue growth in the next 12 months and as a result, this could change the direction and even the landscape of the construction industry.
Richard Threlfall, UK head of KPMG’s infrastructure, building & construction practice, said: “This year could see the construction industry in the UK and around the globe start to change direction significantly as the energy sector grows as a source of income for the industry. As a result, the demand for firms and individuals with energy sector-specific engineering and construction skills will rise as power projects proliferate.”
The survey finds that 40 per cent of equity investors in the infrastructure sector from EMEA see energy/power followed by transport projects (30 per cent) as the most attractive investment opportunity in the next 12 months. However, an overwhelming 80 per cent cite that they are very concerned about governments’ ability to drive infrastructure spending and see lack of leadership as a barrier to investment. Moreover, two-thirds of engineering and construction leaders believe that the private sector is not showing enough initiative.