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"China is a game-changer, rather than a new player in the world's construction industry".
Even so, the setback has been a blow to the world's construction industry.
Between 15% and 25% of the world's construction cranes are currently in Dubai.
The purpose of much of the world's construction is construction: its primary function is to provide contracts for the companies that build and perks and backhanders for the officials who commission.
The first time I saw the place two years ago through a plane window, its towers were hovering in the heat over the desert, gulping up water and energy and fussed round by reputedly a quarter of the world's construction cranes.
Feature in the Cloud 100 Package: Master Builder (p. 89) - Tooey Courtemanche has crafted one of tech's biggest secrets in Procore, a multibillion-dollar app bringing the world's construction projects onto the cloud.
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Wal King has spent 20 years at the helm of Leighton Holdings, building it into one of the world's biggest construction companies.
Odebrecht, the firm building the stadium, is one of the world's foremost construction companies.
According to Nicaraguan authorities, the Canal will be one of the world's largest construction projects, cost an estimated $50 billion, and provide 50,000 building jobs — as well as tens of thousands additional posts in secondary infrastructure such as a free trade zone, ports, airport and tourist resorts.
One of the world's largest construction companies also grew up there.
During this time period, Canada is expected to move from seventh to fifth place in terms of the world's largest construction market.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com