Projects & Construction: Year In Review 2019

Author:Clyde & Co LLP
Profession:Clyde & Co

We are pleased to present our Year in Review for 2019, a collection of market and legal updates, which sets out developments in the construction and infrastructure sector globally over the past 12 months, as well as insights into what you need to be aware of in 2020.

The past year has seen significant geopolitical, environmental and legislative change, which has had, and will have, wide-ranging impacts on the construction and infrastructure sectors globally:

In the past year, we have writnessed a definitive step change in momentum on climate action. A growing number of countries, cities and companies are declaring ever more ambitious net zero emissions targets. In order to achieve these targets, and remain resilient to the physical risks associated with climate change, we expect to see significant investment into upgrading existing infrastructure as well as construction new infrastructure. The Belt and Road Initiative continues apace with investment into infrastructure across Asia, Africa and the Middle East. We have seen cancelled projects come back on line during 2019 and, following the second Belt and Road Forum, which saw USD 64...

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