Energy power industry expected to offer biggest opportunities

KPMG’s sixth annual global construction survey finds that 41 per cent of the top global engineering and construction leaders expect the energy/power industry to offer the biggest opportunities for revenue growth in the next 12 months and as a result, this could change the direction and even the landscape of the construction industry. Mike Froom, head of property and construction said: “This year could see the construction industry in the UK and around the globe start to change direction significantly as the energy sector grows as a source of income for the industry. As a result, the demand for firms and individuals with energy sector-specific engineering and construction skills will rise as power projects proliferate. This provides local businesses with a real opportunity – whether consultants, contractors or the associated supply chains – but they must ensure they have the necessary skills to be able to respond to the potential emerging in this sector of the market.” The survey shows that economic uncertainty is still seen as the greatest systemic threat to the construction industry but optimism remains widespread amongst the global engineering and construction leaders as almost half (49 per cent) expect to increase their backlog orders in the next 12 months.

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