China Construction eyes regional role

THE decline in the number of building projects up for grabs here and intense competition prompted even China Construction (South Pacific) Development Co Pte Ltd (CCDC), one of the top revenue earners in Singapore's construction sector, to diversify into infrastructure some five years ago.

It is now tendering for more infrastructure contracts, scouring for more private residential development projects and even looking beyond Singapore's shores for construction contracts.

In the region, CCDC hopes to secure construction contracts in markets such as Malaysia, where it is already constructing a mixed-use project for SP Setia, and Indonesia given the latter's market size.

"We want to be more entrenched in South-east Asia where we see more investment opportunities," said CCDC vice-chairman Li Xiao Qian in a recent interview with The Business Times. "On that note, we would like to be …