Fret not, firms without the wherewithal to take their operations overseas. There are still opportunities for work here in the good ol' U.S. of A., but the design and construction industry is becoming an increasingly international endeavor. There continue to be lots of ways to put your stamp on a project - public or private in China, and Libya looks like the next hotbed of activity, following in the footsteps of Dubai for a few years.
Where do you see the greatest chance of work in the next few years? Do you expect domestic activity to rebound or are you looking to foreign soil as the saving grace for your firm?
Great post Craig. I recently wrote a post about this topic on our company's blog (www.buildinginsightblog.com). On a recent trip to Saudi Arabia, I was surprised by the level of market activity. I was told there were close to US$300 billion in the project pipeline. It will be interesting to see how this compares to the rest of the region over the next 5 to 10 years.
ReplyDelete