Price: $ 1295
We maintain our forecasts for Russia's construction industry value growth of 4.0% in 2014 and an average 4.1% year-on-year growth to 2022. This is underpinned by the government's drive to develop its vast natural resources, especially in Siberia and the Far Eastern provinces. The flagship project is the multibillion dollar Eastern Gas Programme, which will cement Russia's economic pivot towards Asia. In light of the developments planned, especially in the oil and gas sector, we see this positive outlook remaining the case to the end of the decade. Freight railways, pipelines, ports and power generation projects are all receiving attention and will therefore see high levels of growth in the coming years. Key developments in the sector: ? Infrastructure associated with the export of commoditie ...
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