Tuesday, March 19, 2013

Constructing in BRICK

So your investment advisor is telling you to invest in bricks.  Global Sherpa explains:
The BRIC countries label refers to a select group of four large, developing countries (Brazil, Russia, India and China). The four BRIC countries are distinguished from a host of other promising emerging markets by their demographic and economic potential to rank among the world’s largest and most influential economies in the 21st century (and by having a reasonable chance of realizing that potential).  Together, the four original BRIC countries comprise more than 2.8 billion people or 40 percent of the world’s population, cover more than a quarter of the world’s land area over three continents, and account for more than 25 percent of global GDP. .... As early as 2003, Goldman Sachs forecast that China and India would become the first and third largest economies by 2050, with Brazil and Russia capturing the fifth and sixth spots.

It's true for construction.  Many of the coolest projects are happening in BRIC's.  Here are some recent and ongoing projects in these emerging countries; and since it's construction, we'll throw in South Korea, so we get BRICK!  Lot's of cool stuff to be built there. 

Not a yellow brick road, not a yellow ribbon, but a highway in the rainforest outside Sao Paulo, Brazil.  Is it real, or photoshopped;  first couple of pages on my google search don't reveal the answer? 



If you look for building projects in Russia, you come up with a lot of grandiose plans, including this building planned as the centerpiece for Gazprom City in St. Petersburg.  It was intended as the first supertall (463 meters) skyscraper  in the city. The plans for Lakhata Center included a scientific and educational complex, sports and leisure facilities, and an outdoor amphitheater.  In 2008, Arabtec, the construction company involved in construction of the world’s tallest building in Dubai, won a contract to build this 60 billion-ruble ($2.56 billion) complex. At the moment it looks like the project has St. Petered out in the wake of the world financial crisis.  


In the meantime, in Mumbai, India,  Mukesh Ambani  (CEO of Energy and Materials conglomerate Reliance Group) has built what is said to be the world’s first billion-dollar home.  ["Let's see .... should we start the Ambani Foundation, or build a billion dollar home?"  I'm sure they had lively discussions around the dinner table]   Construction was completed in late 2010.  The 27-story house includes three helipads, a health club, dance studio, 50-seat movie theater and underground parking lot with enough room for 160 cars...and a waitstaff in excess of 500.   




In Bejing, they built the iconic Terminal 3 at the International airport in time for the Olympics.  Two years ago ENR reported that China had overtaken the U.S. as the world's largest construction market.  Anyone know where to get good current numbers on Chinese construction?

And last, our B-R-I-C-K add on, construction has started on the Lotte Supertower in Seoul, South Korea.  From Wiki

[T]he Lotte World Premium Tower, is a 123-floor, 556 metres (1,824 ft) supertall skyscraper currently under construction ... in Seoul, South Korea. Upon completion in 2015, it is expected to become the tallest skyscraper in the developed world, surpassing One World Trade Center in New York City and housing the tallest observation deck in the world on its 123rd-floor at 497.6 metres (1,633 ft).





1 comment:

  1. Evidently Mukesh Ambani's architects failed to attend to the key principles of Vastu, making it ill-advised to actually live in the Mumbai billion-dollar home; see the NYT article: http://tinyurl.com/3zfpfw3

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