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
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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.
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