Construction in Thailand – Key Trends and Opportunities to 2018

Date: 2015-09

The Thai construction industry registered a compound annual growth rate (CAGR) of 6.03% during the review period (2009–2013). This growth was supported by public and private investments in Thai residential, infrastructural and commercial construction projects. The introduction of Real Estate Investment Trust (REIT) in January 2013 also helped to boost the country’s construction activities. Political and social uncertainties are expected to lead to comparatively moderate growth rates over the forecast period (2014−2018) when compared with the review period. The construction industry’s output is expected to grow at a forecast-period CAGR of 3.19%, supported by the government investments in infrastructure development, with an aim to become the regional hub of the proposed ASEAN Economic Council (AEC) in 2015.

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