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...The businessman is the youngest son of the late Onsi Sawiris, who founded a construction company in the 1950s and built it over decades into a large multinational corporation now called Orascom Construction...
...They alleged the company, which did business intelligence work for the claimants, had engaged in “industrial-scale forgery”, as well as “apparent criminality” in relation to genuine documents....
...“The near-term outlook for construction workloads appears increasingly favourable.”...
...Europe’s largest aluminium producer Norsk Hydro has warned that the construction sector in some of the region’s largest countries is suffering from a demand slump similar to the one during the Covid-19 crisis...
...Commercial construction activity declined in February, with contractors citing client hesitancy and constrained budgets....
...Property investment fell 9 per cent year on year in January and February, while new construction starts plummeted 30 per cent....
...“It also feels like we’re past the worst in the construction sector in the US and Europe,” he said....
...New construction starts plummeted 30 per cent, the worst fall in more than a year....
...February’s figure was bolstered by growth of 7.9 per cent in the construction sector, reflecting unseasonably dry weather....
...The Professional (myself) addresses the script as a problem in construction — just as the magician plots an effect.”...
...The construction sector is also facing a reckoning as a result of its environmental impact....
...Economists expect the weakness in the construction sector to continue as interest rates remain elevated....
FTSE 250 developer says stabilising mortgage rates have fed through to rising sales since start of year
...Data is also due on German factory orders and French industrial production in February, as well as on UK house prices (from mortgage lender Halifax) and construction sector activity in March....
...European industrial rivals CRH and Ferguson, both with substantial American divisions, have recently shifted or added a US listing in the hope of boosting their valuations....
...Liquidation proceedings mean the priority becomes selling off assets and could make it more challenging for developers to access new funding, halting construction and leaving thousands of homes unfinished...
...Addressing skills shortages, supply chain challenges, and competition in the construction sector is crucial....
...American housing market, the US as a whole is approximately 1.7mn housing units short — a margin which exists as a residual symptom of the 2008 financial crisis and represents an entire year’s worth of new construction...
...About two-thirds of German construction workers are paid less than €3,250 a month — close to the minimum wage....
...area and housing completion falling 20.7 per cent by construction area....
...up a complete industrial chain with great resilience and competitiveness”....
...Imports of the transitional metal used for construction steel rose in 2023 compared to the previous year....
...“The lack of meaningful stimulus coming out of last week’s Two Sessions has dented the construction pipeline for this year, pushing iron ore prices down to just a smidgen above $100 a tonne, its lowest since...
...There hardly seems to be a construction business that isn’t investing in being cleaner. Ibstock says it is diversifying into low carbon bricks and concrete....
...ZPMC is part of the state-controlled China Communications Construction Company....
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