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Local players target regional construction wave

Despite the value of construction export projects constituting less than 5% of domestic contracts, a few local firms have surpassed the industry average

Published Sun, Oct 26, 2014 · 09:50 PM
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Singapore

THE building and construction sector is not known for being export-oriented as it typically has its hands full with ongoing local projects. However, a handful of players are beginning to eye contributions from abroad - and some are even aiming to garner almost half their annual revenue from foreign contracts.

Among these players is home- grown architecture design and branding firm Ong&Ong. Founded in 1972, with over 900 employees, the company - whose portfolio boasts award- winning projects such as the National Library and Chijmes - first ventured out of Singapore in the 1990s and, today, 30 per cent of its revenue comes from abroad.

Despite this being significantly higher than the industry average of 4.75 per cent, group managing director Tai Lee Siang projects foreign-accrued re…

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