Construction in Russia 2003-2013
Construction in Russia is in growth, according to a new report on the construction and property market development in Russia 2003-2013.
The Eastern Europe's biggest construction market will in 2003 grow by
ca. 5 percent following growth rates of 6, 9.9, 11,5 and 6.1 percent in 2002, 2001, 2000 and 1999 respectively. In contrast to the Western world, Russia is experiencing a new feeling of optimism and courage as the despondency
after the crisis in 1998 has gone away. As the economy and stability in Russia gets stronger, large number of projects will be initiated within the next 7 years and this unprecedented growth path is to continue. The growth is
seen in almost all of the construction sectors with the industrial and retail construction in the lead, followed by office construction and the Moscow and St. Petersburg hotel boom. In the civil engineering sector, it is mostly
oil and gas extraction related infrastructure, which is in drastic progress, but large investments in roads and port infrastructure are a must, if Russia's developement is to continue. The positive tendencies are also to be found
in the renovation sector. The report provides among other things detailed insight into following aspects of the rapidly changing market:
The report will be send by email.
