Select your language

Analyze the state of construction projects in large cities

International. The increased economic power of cities around the world is becoming an unstoppable trend, as income growth and opportunity continue to attract more and more people to urban centers.

Today, more than half of the world's population lives in cities, and by 2025 around 60% of the world's population will live in urban areas. The urban population in emerging regions is growing faster than in the rest of the world. Cities are also the engines of economic growth and centres of economic activity; 50 largest metropolitan areas in the world produce about 25% of the world's GDP.

In order to cater to the expansion of urban populations, huge investments are required in new residential and commercial buildings, as well as utilities and transport networks and other physical infrastructure.

The Timetric Construction Intelligence Center (CIC) tracks large-scale construction projects across all sectors, and the root of a recent assessment of project portfolios in major cities around the world, a list of 50 "Mega Cities for Construction" has been compiled, each with a number of projects with an investment value in excess of $30 billion.

- Publicidad -

The combined value of project portfolios in mega-cities of construction amounts to US$4.8 trillion, and includes around 6,400 projects in different stages of development, from announcement to execution. Of the 50, 30 are considered to be in emerging markets, which have combined projects worth $2.9 trillion, while the 20 cities considered to be in advanced economies account for the remaining $1.9 trillion.

There are only two in Latin America: Rio de Janeiro and Sao Paulo in Brazil, with a combined value of US$124 billion.
London tops the list with total project values close to $426 million, just ahead of Dubai in second place ($367 billion) and Abu Dhabi in third place ($275 million). However, the Asia-Pacific region dominates the list, accounting for 25 of the 50 cities, and having a combined project worth US$1.8 trillion.

North America has a total of 11 cities in CIC mega cities construction, of which nine are in the U.S. and two in Canada, projects with a combined value of $736 billion.

Duván Chaverra Agudelo
Duván Chaverra AgudeloEmail: [email protected]
Jefe Editorial de las revistas AVI Latinoamérica, ACR Latinoamérica, Ventas de Seguridad, Zona de Pinturas, Aftermarket Internation, Gerencia de Edificios, TV y Video, y Director Académico en Latin Press, Inc,.
Comunicador Social y Periodista con experiencia de más de 18 años en medios de comunicación. Apasionado por la tecnología y por esta industria.

No comments

• If you're already registered, please log in first. Your email will not be published.

Leave your comment

In reply to Some User
Finalists of the CALA AWARDS will travel as guests to RefriAméricas Santo Domingo

Finalists of the CALA AWARDS will travel as guests to RefriAméricas Santo Domingo

Latin America. Applications for the prestigious CALA AWARDS 2025 will be open until May 10. This award, organized by ACR Latin America, is a unique opportunity to highlight the best air conditioning...

Copeland to Showcase Innovative Cold Chain Solutions at Global Cherry Summit 2025

Copeland to Showcase Innovative Cold Chain Solutions at Global Cherry Summit 2025

Chile. Copeland, a global provider of sustainable climate solutions, will participate in the Global Cherry Summit 2025, which will be held on April 22 at the Monticello Conference Center, in San...

Carrier Receives Double Recognition at the 2025 Environment + Energy Leader Awards

Carrier Receives Double Recognition at the 2025 Environment + Energy Leader Awards

United States. The company was awarded in the Energy Innovation and Software Implementation categories for its Abound solutions, which optimize energy consumption in more than 2,500 stores in the...

Data Centers Rely on Liquid Cooling to Meet AI Energy Demand

Data Centers Rely on Liquid Cooling to Meet AI Energy Demand

Mexico. With the rise of artificial intelligence (AI), machine learning (ML), and high-performance computing (HPC), the global technology infrastructure faces a new challenge: dissipating the heat...

Chilean supermarket leads transition to sustainable A2L refrigerants with state-of-the-art technology

Chilean supermarket leads transition to sustainable A2L refrigerants with state-of-the-art technology

Chile. A well-known supermarket chain in the south-central part of the country became a pioneer by implementing refrigeration systems based on new generation A2L refrigerants, which offer a...

Mergers and acquisitions in the HVAC equipment sector grow driven by technology demand

Mergers and acquisitions in the HVAC equipment sector grow driven by technology demand

International. The HVAC market has seen remarkable growth, driving an increase in mergers, acquisitions (M&A), and investments in key technologies.

New corrosion protection in SISTEVEN fans

New corrosion protection in SISTEVEN fans

International. The company has begun to incorporate Magnelis-coated sheet steel into the production of its fans and ventilation systems.

Smart refrigeration gains ground in the food industry

Smart refrigeration gains ground in the food industry

International. Danfoss and Microsoft announced the expansion of their strategic collaboration, established in 2019, with the aim of accelerating the development and implementation of solutions based...

LG Launches Free Online Academy to Train HVAC Professionals

LG Launches Free Online Academy to Train HVAC Professionals

International. LG has launched a new free digital platform for the training of HVAC consultants and installers, registration is officially open. 

ACAIRE will hold a union meeting in Medellín to present the 2025 agenda and news of the RETSIT

ACAIRE will hold a union meeting in Medellín to present the 2025 agenda and news of the RETSIT

Colombia. Next Wednesday, April 23, 2025, the HVAC&R sector has a key appointment in Medellín with the Trade Union Meeting organized by ACAIRE, a free event that will bring together...

Free Subscription
Remember Me
SUBSCRIBE TO OUR NEWSLETTER
DO YOU NEED A SERVICE OR PRODUCT QUOTE?
LASTEST INTERVIEWS
SITE SPONSORS










LASTEST NEWSLETTER
Ultimo Info-Boletin