Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Top prize for 2012 will be energy projects says KPMG survey

Energy projects will offer the most attractive investment opportunities and could change the direction of the construction industry in 2012, according to KPMG.

KPMG’s sixth Gobal Construction Survey found that 41% of global engineering and construction experts expected energy projects to offer the most attractive investment opportunities this year. This was followed by transport projects at 30%.

Economic uncertainty was seen as the greatest threat to construction but despite this 49% said they expected to increase their backlog orders over the next 12 months.

In the Americas and Europe, Middle East and Africa (EMEA) regions, 80% surveyed said they were concerned about the government’s ability to drive infrastructure spending and see lack of leadership as a barrier to investment.

“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,” said KPMG UK head of infrastructure, building & construction practice, Richard Threlfall. “As a result, the demand for firms and individuals with energy sector-specific engineering and construction skills will rise as power projects proliferate.”

Other findings

  • Engineering and construction leaders expect office (29%); industrial (27%); retail (23%) to have a negative impact on construction
  • 21% of global engineering and construction leaders have not made significant cost reductions; in Europe the Middle East and Africa (EMEA) 29%.  Some 61% said that organisational culture is the biggest barrier to greater cost efficiency
  • 50% of global engineering and construction leaders say IT transformation is too costly and takes too long
  • 59% of respondents say procurement and supply chain offers the greatest opportunity to improve efficiency
  • One-fifth of global respondents saw supply-chain management as a key business risk but over half of UK respondents identified this as one of the greatest risks facing their firms
  • A quarter of EMEA engineering and construction leaders are concerned about the skills shortages in their region; in Asia Pacific countries the figures rises to 45%
  • EMEA respondents say the two most central risk factors when doing business with emerging (high growth) markets are access to skilled resources (41%) and political risks (38%).

 

Related files

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.