Along with the healthy gains of construction and engineering stocks, there is a noticeable increase in fundraising. After all, there couldn’t be a better time to tap external capital than now when sentiment is right.
As sure as the sun rises from the east, the pace of deal flows and money being shifted around steps up when a particular sector looks hotter.
In a by-now familiar plot, the local construction industry is set for a bumper year, with official projections of between $47 billion and $53 billion worth of construction demand this year — more than double that of the pandemic trough of $21 billion in 2020.
