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...Construction is scheduled for completion at the end of next year....
...Water companies are not automatically consulted on proposed housing developments, which have a statutory right to be connected to the sewer system....
...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...
...But housebuilding activity registered a setback with the lowest reading since January, as construction companies noted sluggish market conditions and the impact of elevated borrowing costs....
...at the research company Capital Economics....
...Rivian is pausing construction on building a new factory in Georgia and instead plans to build its new, less expensive sport utility vehicle at its plant in Illinois....
...Rivian is pausing construction of a new factory in Georgia and instead plans to build its new, less expensive sport utility vehicle at its plant in Illinois....
...Matthew Pointon, senior property economist at the research company Capital Economics, said commercial construction had “been contracting since September last year as developers wait for the outlook to stabilise...
...Tim Moore of S&P Global Market Intelligence said construction companies were “increasingly optimistic that the worst could be behind them soon as recession risks fade and interest rate cuts appear close...
...a mainland Chinese real estate company....
...Pål Kildemo, chief financial officer of the Norwegian company, said this construction crash because of high rates and rising building costs had hit the aluminium sector hard, undermining earnings of Hydro...
...But he said “expectations of falling interest rates during the months ahead” appeared to have supported confidence at construction companies....
...The risk is that the data centre boom may spur construction of new gas-fired power plants....
...February’s figure was bolstered by growth of 7.9 per cent in the construction sector, reflecting unseasonably dry weather....
...The Belpointe spokesperson said the company had made “solid progress on many fronts”, such as taking a $56mn mezzanine loan. The pressure is likely to intensify in the coming months....
...Construction, real estate and financial services companies were particularly at risk of default....
...Construction materials group Breedon has had an eventful 12 months....
...A consortium including US construction group Bechtel and US nuclear company Westinghouse has already proposed building a new plant on the Wylfa site using Westinghouse’s AP1000 reactor technology....
...Mark Hoplamazian, chief executive of US hospitality group Hyatt, said building new hotels had become harder due to “very tough” markets for raising capital, causing the company to turn instead to converting...
...The Insolvency Services said construction was the most affected sector, accounting for 18 per cent of insolvencies in the 12 months to February....
...A survey by the German Chamber of Commerce and Industry (DIHK) in November found that just over half of the country’s construction companies were struggling to fill vacancies....
...Economists expect the weakness in the construction sector to continue as interest rates remain elevated....
...The lender, which is still operating in Russia, said on Wednesday it was no longer pursuing an asset swap plan announced in December involving Deripaska’s 25 per cent shareholding in the Austrian construction...
...It now has 7.6GW of offshore wind under construction, its highest ever. Overall, Ørsted reported quarterly revenues of DKr19.2bn and a pre-tax profit of DKr4.4bn....
...During the initial review of the private-sector proposals, the Chinese consortium consisting of China Railway Construction, China Communications Construction and the Export-Import Bank of China, was seen...
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