MARKET INSIGHT | ASIA-PACIFIC


North-East Asia – Industrial construction project pipeline, projected spending Value by stage ($ millions)


200,000 180,000 160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0


2022 2023 2024 2025 2026 2027 2028  Pre-planning  Planning  Pre-execution  Execution  Construction complete Note: Based on assumption that all projects proceed as planned and that spending is evenly distributed during the construction phase. 2029


North-East Asia – Industrial construction project pipeline By sub-sectors ($ millions)


0


100,000


200,000


300,000


400,000


500,000


600,000


700,000


800,000  Chemical and pharmaceutical plants  Manufacturing plants  Metal and material production and processing plants  Waste processing plants


MENA – Industrial construction project pipeline Funding mode (% of total)


Public/private 1%


Public 8%


900,000 1,000,000


Private 91%


46 | July 2025 | www.hoistmagazine.com


According to GlobalData, North-East Asia industrial construction projects have been tracked to a total value of $940.6bn, which includes projects from announcement to execution stages. The region’s overall pipeline angles towards the late stage, with pre-execution and execution stage projects accounting for 67.6% of total projects, equalling $635.9bn in value. If all projects move ahead as planned, spending is projected to grow from $167.6bn in 2025 to $176.7bn in 2026, before slowing down to $156.2bn in 2027. The $92bn Yongin Semiconductor Industrial Cluster project in Gyeonggi-do, South Korea, is highest value project in the pipeline, which includes the construction of four semiconductor fabrication plants (FABs). Construction is expected to begin in Q2 2025 and to be completed in Q2 2032.


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