According
to the Asia Construction Outlook 2014 survey, the prospect for both the size
and the growth of Asian Construction market remains positive with 92%
respondents in agreement. It is expected that the market will continue growing
healthier for 50% for the remainder of the year.
The
survey results in AECOM 2014 indicates that Japan, Indonesia, Malaysia and
Thailand stand out as countries which respondents expect to become increasingly
attractive to foreign suppliers of construction service. However, comparing to
the 2014 survey results with those from the 2013 survey indicate that
respondent’s views have become more pessimistic regarding long-term market
attractiveness in Singapore and India.
Driven
by the high quality standards, Japan with its capital Tokyo in particular holds
foreign interest in the past decades. The country, along with Singapore is
ready to compete to international market growth maintaining the stable increase
in growth and development.
Multinationals
have been increasing their footprint in Asia for years as they have moved from
selling into the region to also investing here. Asian companies are also being
competitive threats outside the region as well, as they set their site on the
global dominance.
It
is never easy to set foot into a developing nation. Aside from the competition
that may arise against local businesses, there are also competitors among
fellow foreigners, causing a lot of issues unresolved but being one of the most
disciplined countries in Asia, Japan has been growing well and fast. Tokyo has
been a target of local trade and business establishments since a lot of foreign
investors have seen potential in business and technology in the city.
On
the other hand, in the sudden increase of companies with the same industry,
project managers and the public have become keen and aware as to which company
to trust. An established company such as Cedar Capital Group which is based in
Singapore and sells and leases capital equipment with agents in Tokyo, Japan
and Seoul, South Korea has already secured its place in the industry. Above
all, the government continues to implement arduous process and strict policies
to maintain only legit and licensed companies to operate. This being given,
contractors should rest assured be secured in their field.
No comments:
Post a Comment