Mega-projects Boost Growth Prospect of Thailand’s Construction Industry

The growth prospect of Thailand’s construction industry has got a major boost from the cabinet’s approval of USD26.7 billion investments for 54 mega-projects aiming to improve the country’s overall infrastructure network. Moreover, another 40 projects worth more than USD23.3 billion are awaiting to be approved.

 
The construction of ten electric train lines in Bangkok, which is scheduled to be completed by 2015, the expansion of commercial seaports and Suvarnabhumi airport are among top priorities. Also in the pipeline are rail routes connecting Bangkok and commercial provinces as well as to major cities of its neighboring countries. Other smaller- scale projects would include road construction and repairs of flood-ravaged infrastructure and public utilities.
In 2012, the construction industry overall in Thailand may continue to growth. Progress has been seen in many private sector construction projects, thanks mainly to the government’s residential property support scheme. The growth rate of high rise building in the second quarter of 2011 was recorded at 3.2% year-on-year or totally 11,839 units.
As a result of positive factors, demands for construction machinery, equipment and technology are expected to rise. CONSTECH 2012 is the international exhibition and conference dedicated exclusively to construction machinery, equipment and technology will directly benefit from the industry’s growth prospects.
CONSTECH 2012 organized by the Thai Contractors Association under H.M. the King’s Patronage (TCA) and managed by IMPACT Exhibition Management, will be a gathering place for contractors, industry experts and construction professionals to network, exchange views and
update themselves on the latest industry trends and technologies.
Mr. Polpat Karnasuta, President of Thai Contractors Association under H.M. the King’s Patronage said “Technology and innovations are crucial for constructors as well as for architects because these innovative technologies are the way of reducing construction’s cost. CONSTECH 2012 provides the platform for contractors and architects to get updated on the latest solutions and technology, as well as to share, discuss and exchange views on industry trends and challenges.”
With over 10,000 sqm, CONSTECH 2012 will be a perfect marketplace for over 300 exhibitors and suppliers to showcase their latest machinery and technology and meet face-to-face with more than 3,500 key decision makers and trade buyers from the entire spectrum of the Southeast Asia’s construction industry.
Mr. Sompoch Rattana Areeyagon, Deputy Managing Director of STIT Co., Ltd. STIT is one of regional leaders in construction and industrial technology supplier and distributor of LIEBHERR and Putzmeister in Thailand said that “STIT is pleased to participate in CONSTECH 2012.
We believe that the show will provide us with a cost effective “face to face” marketing platform to meet many potential partners and customers all in one place at the same time. CONSTECH 2012 will also allow us to increase our brand image while at the same time, forge better relationships with our potential clients and maintain relationships with our existing clients.”
CONSTECH 2012 is the gateway to Southeast Asia’s lucrative construction machinery and equipment markets. CONSTECH 2012 will take place during 19-21 September 2012 at Hall 7, IMPACT Exhibition and Convention Centre, Bangkok, Thailand.
Book your stand today to get up to 10% early bird discount!!!
For more information on CONSTECH 2012, please kindly contact to
Mr. Sirapat Kettarn
Tel: +66(0) 2833 5208
Fax: +66(0) 2833 5127-9
Email: sirapatk@impact.co.th