Global Scans · Construction · Weekly Summary

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WHAT'S NEXT?: 65 per cent of global construction growth for the next decade will happen in emerging markets. Smart cities, sustainable construction, greater urbanization and pre-fabricated buildings will all play their part in future construction growth.

• The volunteer firefighters association in Spickovina, a village in northwestern Croatia, is planning to build a solar power plant that will function as a bona fide clean energy community according to EU standards. DW.COM
• After thirty years of Palestinian leaders rejecting every peace proposal and working to destroy Israel rather than building the infrastructure needed by a viable state, the Palestinians should not expect that they will get a state via the diktat of the Biden administration. The Jerusalem Post
• A lot of young people are building excellent products and are going global and they are growing very fast. Future Startup
• The year will see development in open-source AI that enables developers to build on top of each others' work, crunching costs and making AI access more inclusive. Turing Inc.
• EAM is scheduled to break ground on its facility in India in 2024 to build a large-scale customer qualification plant in 2025, which will scale up to 100,000 tons by 2030. Caribbean News Global
• CMG will contribute greater efforts to build a high-level China-Africa community with a shared future. IOL
• The Supreme Court ruling on affirmative action will make it harder for medical schools to build diverse classes. Scientific American
• The Santa Clara chipmaker announced two years ago that it was investing more than $20 billion in the creation of two semiconductor fabrication plants at a site near Columbus in Ohio, with a target for chip production to start sometime in 2025. The Register
• Despite hefty investments in 2024 going into building cloud infrastructure to support the rapid adoption of generative AI technology, investors were bullish. Cloud Cyber Security
• Glass House Boca Raton will be the first modern glass building in, and its ideal location also provides the upscale lifestyle that discerning buyers are seeking. Yahoo Finance
• Embracing technology and innovation will be key for MSMEs to access new customer segments, optimize costs, improve quality standards and build resilience against global disruptions. MediaBrief
• Interim Budget 2024 provides another opportunity for the Modi government to unleash a fresh bazooka of funding aimed at boosting India's infrastructure with a precision-oriented approach and targeting to build or improve India's highways, railway network, and airports. The Economic Times
• GEODIS has set targets of 42% for the reduction of the GHG emissions generated by its fleets of vehicles and its buildings and 30% for the carbon intensity of subcontracted transport by 2030, by comparison with the base year 2022. Logistics Business Magazine
• Mission Foods Mexico, a subsidiary of Gruma SAB de CV, said it plans to invest 1.5 billion pesos ($87.5 million) over the next six to eight years to build a production plant in Hunucma, Yucatan, in Mexico. Baking Business
• There's a target to double the amount of ad free subscriptions to the Channel 4 streaming service by 2030 and plans to build a double-digit million ecommerce business by 2030 to allow viewers to interact and purchase products through digital platforms. Broadband TV News
• Building the electric arc furnace in an operating melt shop would be risky, incur higher costs, and potentially cause delays to the planned 2027 start of the electric arc furnace. MetalMiner
• Alabama Power and Eco Material will build the processing plant within the permitted boundary of the site where material will be excavated and consolidated. World Cement
• Unlike other manufacturers planning to build battery factories as part of the electric vehicle ecosystem, BYD will first collaborate with local partners to build more charging stations. The Jakarta Post
• By 2050, urban areas globally will either double or triple, and the raw materials needed to build future cities is more than the world can sustainably provide. ScienceDaily
• President Joe Biden's administration is expected to award billions of dollars in subsidies in coming weeks to top semiconductor companies including Intel and Taiwan Semiconductor Manufacturing Co to help build new factories in the U.S.. investing.com
• Autodesk customers will benefit from leveraging technology that eases the burden of construction payment management in a process that is simpler, faster, and more efficient for all construction project stakeholders. MarketScreener

Last updated: 07 February 2024