Latest news with #urbanredevelopment
Malay Mail
3 days ago
- Business
- Malay Mail
‘Don't chase New York, London': Anwar says RM4b Kota Madani to guide Malaysia's city redevelopment plans
PUTRAJAYA, June 26 — Prime Minister Datuk Seri Anwar Ibrahim today said the Kota Madani megaproject in Putrajaya is intended to serve as a national benchmark for urban redevelopment, prioritising liveability and public interest over profit. Anwar said the RM4 billion project in Presint 19 was not merely about constructing buildings but about creating a model city that values safety, efficiency and human-centred development. 'We don't have to chase after New York or London to be seen as a modern city. Those cities have their own flaws,' he said at the project's groundbreaking ceremony. 'I want Kota Madani to be an example of redevelopment of cities in our country. State governments need to look into this approach, not just leaving themselves at the whims of developers. 'The government must spearhead planned development. Developers may give their opinion, but the final decision cannot solely be based on profits,' he added. He added that the development would include pedestrian-friendly infrastructure, schools, places of worship and community halls to help reduce financial burdens on families. 'Imagine if parents with kids just needed to send them to schools or kindergarten by just walking. This is the Kota Madani we have dreamed of — safe, efficient and filled with human values,' he said. Federal Territories Minister Datuk Seri Dr Zaliha Mustafa said the project would significantly ease the cost of living for civil servants by providing access to a wide range of public amenities. She noted that many currently rent homes outside the administrative capital, incurring high monthly expenses due to daily commutes. 'With Kota Madani, civil servants will be able to live in government quarters with existing public amenities near their place of employment with minimal costs. 'Schools will be within walking distance and the area will be safe. They need not worry. I estimate civil servants can save up to RM1,000 a month and they can use that money for something more beneficial,' she said. Occupying 41.28 hectares, Kota Madani will offer 10,000 high-density vertical residential units to house more than 30,000 residents. The project will be developed by Putrajaya Holdings Sdn Bhd (PjH) under a public-private partnership model using the build, lease, maintain and transfer (BLMT) concept, with no government allocation required during the initial phase. Its design will incorporate artificial intelligence, high-efficiency digital infrastructure and a green mobility system — laying the foundation for a low-carbon city aligned with principles of sustainability, well-being and public safety. Planned facilities include Technical and Vocational Education and Training (TVET) institutions, schools, health clinics, police and fire stations, a mosque, financial institutions, and culturally inspired architecture to preserve heritage. The first phase of the project is scheduled to begin this September and is expected to be completed by the end of 2027.
Yahoo
3 days ago
- Business
- Yahoo
URA Draft Master Plan 2025 will give residents more flexibility to choose ideal home: Analysts; Thailand approves $68.7m for 'half-half' travel campaign: Singapore live news
The Urban Redevelopment Authority's (URA) Draft Master Plan 2025 will allow greater flexibility for residents in choosing their ideal home as amenities (and in some cases, workplaces) will be located closer to homes, said analysts. More green spaces, preserved heritage buildings, and access to waterfront and park views are being built into upcoming estates, with over 80,000 homes planned across more than 10 areas including Dover, Defu, Newton, and Orchard. Thailand has approved a 1.75 billion baht (S$68.73 million) budget for the "Half-Half Thailand Travel" campaign, aimed at stimulating domestic tourism during the low season from June to September. Announced by Tourism and Sports Minister Sorawong Thienthong on Tuesday (24 June), the initiative is part of a larger 115 billion baht stimulus package endorsed on the same day. The campaign is expected to generate approximately 35 billion baht in tourism revenue through an additional 2.67 million additional domestic trips, and create an estimated 40,000 jobs between July and October. Read more in our live blog below, including the latest local and international news and updates. Thailand has approved a 1.75 billion baht (S$68.73 million) budget for the "Half-Half Thailand Travel" campaign, aimed at stimulating domestic tourism during the low season from June to September. Announced by Tourism and Sports Minister Sorawong Thienthong on Tuesday (24 June), the initiative is part of a larger 115 billion baht stimulus package endorsed on the same day. The campaign is expected to generate approximately 35 billion baht in tourism revenue through an additional 2.67 million additional domestic trips, and create an estimated 40,000 jobs between July and October. The campaign will offer 500,000 subsidised room nights, with each participant eligible to book up to five nights – at least two of which must be in secondary cities. In addition to subsidised accommodation, travellers will receive a 500 baht cash coupon per booking, redeemable at participating restaurants and tourist attractions after their check-in. This is intended to encourage spending in local economies and promote less-visited destinations. According to Thapanee Kiatphaibool, Governor of the Tourism Authority of Thailand, the initiative should attract at least 100,000 Thai participants. For more on Thailand's 'Half-Half' travel campaign, read here. The Urban Redevelopment Authority's (URA) Draft Master Plan 2025 will allow greater flexibility for residents in choosing their ideal home as amenities (and in some cases, workplaces) will be located closer to homes, said analysts. The latest draft masterplan, Singapore's land use development blueprint for the next 10 to 15 years, sees a major shift in how residents live, work, and play. Analysts say the plan has a stronger focus on creating an environment that fosters a healthier and more active lifestyle, supports the Republic's ageing population, and addresses the challenges of climate change. More green spaces, preserved heritage buildings, and access to waterfront and park views are being built into upcoming estates, with over 80,000 homes planned across more than 10 areas including Dover, Defu, Newton, and Orchard. Christine Sun, chief researcher and strategist at property agency OrangeTee Group, told The Straits Times (ST) that the plan enhances quality of life for Singaporeans by providing more homes with access to sea, river, and park views, as well as more parks and amenities. This means that Singaporeans will have a more diverse array of housing options to suit their needs, be they near the city centre, schools, parks or waterways. A key feature of the blueprint is its push to decentralise workplaces and ease pressure on transport systems by building business hubs and homes closer together. Areas like the one-north precinct, already buzzing with over 50,000 knowledge workers, could see thousands of new homes in Dover-Medway and Mediapolis. For more on the expert analysis on the URA Draft Master Plan 2025, read here. Thailand has approved a 1.75 billion baht (S$68.73 million) budget for the "Half-Half Thailand Travel" campaign, aimed at stimulating domestic tourism during the low season from June to September. Announced by Tourism and Sports Minister Sorawong Thienthong on Tuesday (24 June), the initiative is part of a larger 115 billion baht stimulus package endorsed on the same day. The campaign is expected to generate approximately 35 billion baht in tourism revenue through an additional 2.67 million additional domestic trips, and create an estimated 40,000 jobs between July and October. The campaign will offer 500,000 subsidised room nights, with each participant eligible to book up to five nights – at least two of which must be in secondary cities. In addition to subsidised accommodation, travellers will receive a 500 baht cash coupon per booking, redeemable at participating restaurants and tourist attractions after their check-in. This is intended to encourage spending in local economies and promote less-visited destinations. According to Thapanee Kiatphaibool, Governor of the Tourism Authority of Thailand, the initiative should attract at least 100,000 Thai participants. For more on Thailand's 'Half-Half' travel campaign, read here. The Urban Redevelopment Authority's (URA) Draft Master Plan 2025 will allow greater flexibility for residents in choosing their ideal home as amenities (and in some cases, workplaces) will be located closer to homes, said analysts. The latest draft masterplan, Singapore's land use development blueprint for the next 10 to 15 years, sees a major shift in how residents live, work, and play. Analysts say the plan has a stronger focus on creating an environment that fosters a healthier and more active lifestyle, supports the Republic's ageing population, and addresses the challenges of climate change. More green spaces, preserved heritage buildings, and access to waterfront and park views are being built into upcoming estates, with over 80,000 homes planned across more than 10 areas including Dover, Defu, Newton, and Orchard. Christine Sun, chief researcher and strategist at property agency OrangeTee Group, told The Straits Times (ST) that the plan enhances quality of life for Singaporeans by providing more homes with access to sea, river, and park views, as well as more parks and amenities. This means that Singaporeans will have a more diverse array of housing options to suit their needs, be they near the city centre, schools, parks or waterways. A key feature of the blueprint is its push to decentralise workplaces and ease pressure on transport systems by building business hubs and homes closer together. Areas like the one-north precinct, already buzzing with over 50,000 knowledge workers, could see thousands of new homes in Dover-Medway and Mediapolis. For more on the expert analysis on the URA Draft Master Plan 2025, read here.
CNA
4 days ago
- Business
- CNA
New office towers and pedestrian mall in Bishan, 'destination park' in Orchard under URA draft master plan
SINGAPORE: Bishan town centre could be redeveloped into a business and lifestyle hub with new office towers, a polyclinic and pedestrian mall, under the Draft Master Plan 2025 unveiled by the Urban Redevelopment Authority (URA). The plan, released on Wednesday (Jun 25), also includes rejuvenation efforts on Orchard Road and in other parts of the city centre, such as an elevated pedestrian linkway connecting Dhoby Ghaut Green to Fort Canning Park. The draft master plan is a statutory land use plan that outlines Singapore's development priorities over the next 10 to 15 years. It is reviewed every five years. Redevelopment plans for areas such as Bishan are part of a "decentralisation strategy" that has been in place since the early 1990s, by creating economic areas beyond the city centre and bringing jobs closer to homes. The plan for Bishan town centre is to introduce new workplaces and amenities, along with pedestrian-friendly streets, public spaces and skyrise greenery that will be integrated with future developments. National Development Minister Chee Hong Tat said at the launch of an exhibition for the URA plan: "We are studying the introduction of new office space that could match the scale of Paya Lebar Central." URA said that the government agencies are considering turning Bishan Place – located next to Junction 8 shopping centre and the bus interchange – into a "landscaped pedestrian mall". More amenities are also being studied, including a new polyclinic and a potential hawker centre integrated with an upgraded bus interchange with air-conditioned waiting areas. Selected government agencies are exploring the feasibility of relocating their offices to Bishan town centre, URA added without providing further details. NEW PARK IN CITY CENTRE In the city centre, URA is planning a new "destination park" by merging Istana Park and Dhoby Ghaut Green with a 500m stretch of Orchard Road. A pedestrian bridge will connect this area to Fort Canning Park. "When implemented, these enhancements will create a refreshed and well-connected green space offering visitors a family-friendly area to gather in the city centre," URA said. In the central business district, Raffles Place Park, located above the MRT station, will be redeveloped by 2028 into a more accessible and green public space. Over at Marina Bay, new plans include a wellness destination and recreational spaces such as the previously announced NS Square and the expansion of Marina Bay Sands integrated resort that would feature a fourth tower and a 15,000-seat entertainment arena to boost Singapore's capacity to host international events. The government also intends to set up a new industrial estate in Seletar East for 'high value-added industries' such as wafer fabrication. URA said that environmental studies would be carried out to ensure that the 138-hectare site, situated between Punggol Town and Seletar Aerospace Park, is developed in a sensitive manner. Mr Chee said that the government would relook the way it plans its economic areas by moving from "mono-use zones" to mixed-use districts that offer flexibility for businesses and better amenities for workers. "URA is working with JTC to review the industrial land use zoning guidelines to better respond to evolving business needs, by providing greater flexibility in allowable uses on industrial land," he added.
RNZ News
7 days ago
- Business
- RNZ News
New Plymouth ponders first-ever public-private partnership for inner-city revamp
An artist's impression of a public walkway and footbridge across the Huatoki. Photo: Supplied / New Plymouth District Council New Plymouth District Council will consider entering its first-ever public-private partnership to demolish and redevelop an inner-city mall, and open up the Huatoki River. The proposal includes removing the Metro Plaza, which council purchased in 2019 for eventual demolition, and the creation of a public walkway and footbridge across the Huatoki, connecting Devon and Brougham streets, alongside new developments by KD Holdings (KDH) on both sides of the awa. Chief executive Gareth Green said the proposed deal with KDH was a first of its kind for council. "To my knowledge, this council and, in fact, very few councils in the country have entered into partnerships like this, so to be a completely masterplanned development from 'whoa to go' is pretty unique and unusual, and brings benefits to the public and the developer. "Council is going to save a considerable amount of money co-ordinating our works, which have been long planned with the developers works. The decommissioning of the buildings on his site means we get easier access to our site and we can get more bang for buck for the work that we are doing." Green said the project would link the coast to New Plymouth's rivers and was a key part of council's city centre strategy vision for a greener, family-friendly CBD, where people wanted to shop, stop and enjoy themselves. An artist's impression of a public walkway and footbridge across the Huatoki. Photo: Supplied / New Plymouth District Council "As well as hosting new retail, hospitality and office space, the development would feature native trees and plants that are part of our coastal heritage, and will bring back birdsong to the city centre. "It would also 'day-light' a really significant awa for our community, so at the moment, the Huatoki goes under a whole lot of buildings, and we get to open that up to the sun again and allow people to use that waterway." Green said, like city centres around the world, Ngāmotu New Plymouth was adapting to changes in the way people worked, travelled and shopped. "Partnering with KDH, which would own the developments on either side of the Huatoki, and Ngāti te Whiti hapū in our first-ever public-private partnership would create a sustainable city centre, while supporting businesses. "By partnering and moving quickly, we can reduce duplication, streamline construction, and ultimately deliver savings for our ratepayers." KDH owner Kevin Doody said the proposal would enhance both the buildings in the area and the Huatoki, creating an environment where people would want to work and visit. "We're creating a destination around a new commercial area, where business can thrive in the heart of our city, working with NPDC and Ngāti te Whiti to restore the Huatoki to its rightful place of pride, so it can be enjoyed and appreciated by future generations," said Doody. Ngāti Te Whiti Hapū spokesperson Julie Healey said the design concepts through the development would reflect Ngāti Te Whiti Hapū values, as supported in the city centre strategy. "We have been working alongside our partners for some time to achieve the outcomes that will provide places for people to meet and bring the presence of the Huatoki back into the city for the community to enjoy, as well as providing an understanding of the historical and cultural heritage." The proposal will be discussed in council on 24 June. Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
Yahoo
18-06-2025
- Business
- Yahoo
Heavy and Civil Engineering Construction Industry Report 2025: $3.15 Trillion Market Opportunities and Strategies to 2034 with China Dominating
The global heavy and civil engineering construction market, valued at $2.0 trillion in 2024, is expected to grow at a CAGR of 4.46% to reach $2.49 trillion by 2029. Key growth drivers include increasing electricity demand, infrastructure investments, and urban redevelopment. Asia-Pacific leads the market, with Africa and Middle East as the fastest-growing regions. The highway, street, and bridge construction segment dominates, while large enterprises and public end users drive revenue. Major players like China Railway Construction Corporation Ltd. lead the market. Strategies focus on renewable energy expansion and strategic partnerships. Heavy and Civil Engineering Construction Market Dublin, June 18, 2025 (GLOBE NEWSWIRE) -- The "Heavy and Civil Engineering Construction Market Opportunities and Strategies to 2034" report has been added to report describes and explains the heavy and civil engineering construction market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region. The global heavy and civil engineering construction market reached a value of nearly $2.0 trillion in 2024, having grown at a compound annual growth rate (CAGR) of 3.92% since 2019. The market is expected to grow from $2.0 trillion in 2024 to $2.49 trillion in 2029 at a rate of 4.46%. The market is then expected to grow at a CAGR of 4.85% from 2029 and reach $3.15 trillion in 2034. The global heavy and civil engineering construction market is fairly concentrated, with large players operating in the market. The top 10 competitors in the market made up 28.43% of the total market in 2023. China Railway Construction Corporation Limited was the largest competitor with a 5.80% share of the market, followed by China Railway Group Ltd. with 5.32%, China State Construction Engineering Corporation Ltd. with 4.09%, China Communications Construction Company Limited with 3.14%, Power Construction Corporation of China (PowerChina Corp.) with 3.09%, Skanska AB with 2.73%, Bouygues SA with 1.47%, Hochtief AG with 1.07%, STRABAG Group AG with 0.95% and Kiewit Corporation with 0.77%.Growth in the historic period resulted from the investment in renewable power generation capabilities, growing investments in infrastructure, rapid industrialization, increasing public-private partnerships, increased focus on urban planning and development policies and growth in rail infrastructure development. Factors that negatively affected growth in the historic period were high material prices and stringent environmental regulations. Going forward, increasing electricity demand, development of transportation infrastructure, increasing government support and urban redevelopment will drive the growth. Factor that could hinder the growth of the heavy and civil engineering construction market in the future include lack of skilled workers and infrastructure funding was the largest region in the heavy and civil engineering construction market, accounting for 37.69% or $754.93 billion of the total in 2024. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the heavy and civil engineering construction market will be Africa and Middle East where growth will be at CAGRs of 11.16% and 7.76% respectively. These will be followed by Asia-Pacific and Eastern Europe where the markets are expected to grow at CAGRs of 4.96% and 4.50% heavy and civil engineering construction market is segmented by type into utility system construction, highway, street and bridge construction and other heavy and civil engineering construction. The highway, street and bridge construction market was the largest segment of the heavy and civil engineering construction market segmented by type, accounting for 43.60% or $873.4 billion of the total in 2024. Going forward, the highway, street and bridge construction segment is expected to be the fastest growing segment in the heavy and civil engineering construction market segmented by type, at a CAGR of 5.00% during heavy and civil engineering construction market is segmented by organization size into small and medium enterprises and large enterprise. The large enterprises market was the largest segment of the heavy and civil engineering construction market segmented by organization size, accounting for 71.52% or $1.43 trillion of the total in 2024. Going forward, the large enterprises segment is expected to be the fastest growing segment in the heavy and civil engineering construction market segmented by organization size, at a CAGR of 4.60% during heavy and civil engineering construction market is segmented by end user into private and public. The public market was the largest segment of the heavy and civil engineering construction market segmented by end user, accounting for 72.56% or $1.45 trillion of the total in 2024. Going forward, the private segment is expected to be the fastest growing segment in the heavy and civil engineering construction market segmented by end user, at a CAGR of 5.02% during top opportunities in the heavy and civil engineering construction markets segmented by type will arise in the highway, street, and bridge construction segment, which will gain $241.52 billion of global annual sales by 2029. The top opportunities in the heavy and civil engineering construction markets segmented by organization size will arise in the large enterprises segment, which will gain $361.24 billion of global annual sales by 2029. The top opportunities in the heavy and civil engineering construction markets segmented by end user will arise in the public segment, which will gain $334.78 billion of global annual sales by 2029. The heavy and civil engineering construction market size will gain the most in the USA at $77.71 strategies for the heavy and civil engineering construction market include strategic partnerships and collaborations among major players, wind-solar hybrid systems to enhance energy output and efficiency, merger and acquisitions to strengthen market position and groundbreaking of innovative nuclear demonstration project. Player-adopted strategies in the heavy and civil engineering construction market include focus on strengthening business operations through new construction projects and focus on enhancing business operations through strategic collaborations and take advantage of the opportunities, the analyst recommends the heavy and civil engineering construction to focus on expanding hybrid renewable energy capabilities, focus on advancing flexible nuclear energy integration, focus on the highway, street and bridge construction segment, focus on strategic partnerships to expand renewable infrastructure capabilities, expand in emerging markets, provide competitively priced offerings, continue to use B2B promotions and focus on the private market segment for higher growth Attributes: Report Attribute Details No. of Pages 606 Forecast Period 2024 - 2034 Estimated Market Value (USD) in 2024 $2 Trillion Forecasted Market Value (USD) by 2034 $3.15 Trillion Compound Annual Growth Rate 4.7% Regions Covered Global Companies Featured China Railway Construction Corporation Limited Skanska AB Bouygues SA Hochtief AG STRABAG Group AG Kiewit Corporation Doosan Group Terex Corporation Larsen & Toubro Ltd Hindustan Construction Company (HCC) Gammon India Limited IRCON International Limited Tata Projects Ltd Reliance Infrastructure DLF Vinci SA Hochtief Skanska Strabag Koninklijke BAM Groep Volker Wessels Group Zeppelin GmbH SGS Interconstruct Anker Hansen & Co. A/S Christiansen & Essenbak A/S C.C. Contractor A/S EKE-Construction Ltd Colas Group Eiffage Construction Bauer Group Bennett Construction Limited Collen Construction Limited Casais Group Balfour Beatty Laing O' Rourke Interserve Morgan Sindall Kier Skanska Group STRABAG SE Budimex PORR Group Bird Construction Inc. Aegion Corporation Bechtel Corporation Fluor Corporation Granite Construction The Walsh Group Ltd Conestoga-Rovers & Associates (CRA) MTC Canada Inc. Oderbrecht Camargo Correa Andrade Gutierrez Queiroz Galvao MRV Engenharia SalfaCorp Mourik General Contractors Gilbane Building Company McCrory Construction Company Alex Group Al-Ahly Developmental Habtoor Group LLC Al Ayuni Investment & Contracting Co. Al Harbi Trading & Contracting Co. Al Jaber Group LLC ALEC Group Al-Naboodah Constructing Amer Group Arabian Bemco Contracting Co. Arabian Construction Company Ashtrom Group Ltd Danya Cebus Ltd Dutco Balfour Beatty LLC Electra Ltd Etihad Water and Electricity GAMA Industry Masdar Mekorot Water Company Ltd National Marine Dredging Company (NMDC) National Water Company Palm Hills Developments Redcon Construction Company Saudi Bin Ladin Group Saudi Water Partnership Company Shikun & Binui Ltd Landmark Holdings Ltd Epco Builders Limited Laxmanbhai Construction Ltd Parbatsiyani Construction Ltd Put Sarajevo, Intex Construction Berger Nigeria Plc Reynolds Construction Company Thabimndeni Construction & Projects CC Orascom Contstruction Lubrik Construction Company For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Heavy and Civil Engineering Construction Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
