Fast Facts
$26 billion
In 2023, the sector had a market size of $26 billion
> 4%
The sector is expected to achieve an average annual growth rate of more than 4% during 2025-2028
55%
The public sector contributes to about 55% of the total construction demand
Industry Outlook
As upcoming projects in both the public and private housing sectors surge, a steady increase in demand is projected for the construction industry. While challenges such as manpower shortages and rising costs persist, collaborative contracting schemes and the digitalisation of processes are poised to boost productivity and address these issues effectively.
Relevant Jobs
SAFETY MANAGER
- $7,000-10,000 /month
- A Safety Manager oversees and implements safety programmes and protocols to ensure a safe working environment across all company construction sites
CIVIL ENGINEER
- $3,500-4,500 /month
- A Civil Engineer plans, designs and oversees the construction of infrastructure projects in accordance to budget and resources
SITE MANAGER
- $6,000-10,000 /month
- A Site Manager coordinates and supervises construction activities to ensure they are executed safely, efficiently, and in a timely manner
QUANTITY SURVEYOR
- $3,000-4,500 /month
- A Quantity Surveyor monitors and ensures that construction projects are cost-effective, meet quality standards, and are completed within schedule