The construction and architecture design business is deemed highly competitive in terms of pricing. As a result, it is very essential for the entrepreneurs to develop their potential and improve corporate effectiveness to offset the rising costs. In the past, the property boom was a key driving force behind a continued growth in the industry. The investment value of over 700-800 billion baht in the construction industry from state and private sectors on a yearly basis is a case in point. Not surprisingly, the construction industry is one of determining factors to all aspects of national development from economy to society. A concrete framework of policies for the future direction on Thailand’s construction industry is the bottom line for the growth and development of the country’s major industry on a par with international counterparts.

In addition to government infrastructure projects, creating a window of economic opportunity through overseas expansion is the answer to the future success. The offshore business of the construction and architecture design industry contributes to the positive balance of payment. Currently, more than 80% of public infrastructure projects in neighbouring countries and further afield are awarded to Thai contractors, mostly to larger construction companies. Those included Laos, Cambodia, Vietnam, Indonesia, Philippines, Sri Lanka, Nepal, Sudan, and Arab countries such as United Arab Emirate, Oman and Qatar.

For more information: http://construction.thaitrade.com