Russia’s construction output to soar by more than 10% annually in Urals and Siberia by 2015

In the near-term, the growth in Russia’s construction industry is expected to accelerate. It will be mainly fuelled by state-funded civil engineering projects, most for the development of the country’s transport and heavy industry infrastructure. Of high priority will be projects deployed in regions with a vast natural resources potential. The Siberian, Urals, and Far Eastern Federal Districts are expected to be the major beneficiaries.
According to our latest report, entitled “Construction sector in Russia 2013 − Regional focus. Development forecasts for 2013-2015”, the Far Eastern Federal District is expected to have the fastest developing construction market of all federal districts over the next three years. On average, construction output is forecasted to rise by 12.5% annually, mostly due to a low comparison base and the government’s commitment to accelerating transport infrastructure construction initiatives in the district.

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