A new global survey quizzed construction executives about their AI plans, actions and perceptions. The results suggest the “AI revolution” is some way off. In February 2021, two US economists…

Two critical New York City transport megaprojects – the $16bn Hudson Tunnels project and the $2bn 2nd Avenue Subway extension – ended the week in limbo after the Trump administration…

Annual construction output in the UAE is projected to swell to $130.8bn by 2029, up from the record $107.2bn seen in 2024, according to property consultancy Knight Frank. “The UAE…

What’s the mood among US project owners right now? We asked George Swetz, Executive Vice President & General Manager of Skanska Integrated Solutions (SIS), based in Boston. The prevailing tone…

A construction boss in the US could face prison after being charged with failing to pay years of employee payroll taxes, scheming to defraud a construction contractor of millions of…

The cost of materials and services used in nonresidential construction in the US rose 0.2% from May to June and 2.3% from June last year, the biggest 12-month increase since…

Cyprus is offering a €10m incentive package to investors who take on the development of a new science and technology park in Limassol, the hub of the country’s burgeoning ICT…

The boss of Russia’s biggest construction holding has warned that the country’s high interest rates could cause many bankruptcies in the construction sector. Alexei Krapivin, chief executive of Natsproektstroy, told…

The California High-Speed Rail Authority (CHSRA) is suing the Trump administration over what it called the administration’s “illegal termination” of around $4bn in federal grants awarded during the Biden administration…

Volvo Construction Equipment has issued its 2025 second quarter report showing sales falling in Europe and North America, which the company attributes to market uncertainty. Despite this, the company’s net…

No one welcomes construction disputes, but when the initiator is the President of the United States, it’s even less welcome. Last Thursday, President Donald Trump’s director of the Office of…

New York is the most expensive city to build in and San Francisco comes second in UK consultant Turner & Townsend’s 2025 ranking of the costliest cities in the world…

A report by UK-headquartered Mace has analysed 5,000 mega- and giga-projects worldwide, finding that 11% are at risk of delays or cancellation, with a potential loss of $1.5tn in global…

German federal transport minister Patrick Schnieder last week committed €166bn over the next five years to tackle the backlog of dilapidated transport infrastructure in the country. That’s a 62% increase…

The newly elected government of Gabon has signed two agreements with the Africa Export-Import Bank accepting loans worth more than $3.2bn for industrial development. The funding is equal to 16%…

US construction spending in May saw its biggest year-on-year slump in six years as developers delay or cancel projects amid confusion over US President Donald Trump’s policies on tariffs, labour…

India’s central bank, the Reserve Bank of India (RBI), has said it will require lenders to keep money in reserve equal to 1% of the value of loans given to…

New York-based investor Brookfield Asset Management plans to invest $10bn in AI infrastructure in Sweden. The centrepiece will be an AI data centre in Strängnäs, about 20km west of Stockholm.…