Thailand Construction Articles & Analysis

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How have the floods hurt the construction sector?

Chapter | Construction & Real Estate from The Report: Thailand 2012

Delays and reconstruction work from 2011’s flooding have left Thailand’s contractors with a backlog of public and private projects in 2012. The construction sector is highly competitive, with major contractors focusing on efficiency and looking for public contracts rather than rely on riskier private sector work. Competition has also led Thai builders overseas, securing projects in Laos, Vietnam...

Located in the heart of South-east Asia, Thailand combines an ancient Buddhist culture with an emerging industrial economy. It is the only South-east Asian country never to have been colonised, and the monarchy dates back to the 14th century. 

Thailand’s construction sector looks set for an increasingly busy time leading into next year, with the new government committed to ramping up infrastructure and housing projects, though the industry is still wary that rising materials costs and higher wages could weaken growth.
With fresh incentives attracting multinationals to locate in Bangkok, the capital is getting ready to adopt the next generation of building standards. Smart money these days is on environmentally conscious “green building” that combines cost-efficiency, social responsibility and productivity gains.