EAST AND SOUTHEAST ASIA | MARKET INSIGHT
Southeast Asia – Industrial construction project pipeline Funding mode by top country (% of total) Country
Indonesia Vietnam
Singapore Malaysia
Philippines Thailand
Papua New Guinea Laos
Cambodia Myanmar
precision manufacturing and next-generation mobility. South Korea is the largest contributor, with industrial construction projects valued at $737.4bn, or about 47.8% of the East Asia pipeline by value. This reflects Korea’s continued concentration in semiconductors and battery technologies, as well as an industrial policy orientation towards scaling advanced manufacturing capability and associated infrastructure. The industrial growth of East Asia is largely innovation-driven in tech-oriented sectors, and the project mix reflects this. Semiconductors, battery plants and EV production facilities make up a significant proportion of the pipeline, often accompanied by investments in speciality chemicals, gases, ultrapure water systems and
Private 86.1% 83.4% 96.9% 74.9% 93.6% 99.4% 64.8% 13.9% 97.5% 6.1%
Public 11.2% 15.9% 3.1%
16.3% 2.0% 0.5%
32.2% -
2.5% 14.0%
high-reliability power infrastructure. In China, for example, a wire and cable manufacturing company, Jinlongyu Group, announced plans in January 2026 to build a solid-state battery manufacturing plant in Dapeng New District. Construction is expected to be completed by the end of 2028, and the plant will have an annual production capacity of 2GWh. Projects of this nature typically require complex process engineering, higher safety and environmental controls, and increasingly sophisticated automation – factors that influence contractor selection and project delivery strategy. China’s high-tech project pipeline is also
supported by local government investment programmes and cluster development strategies.
Public/Private 2.0% 0.7% -
8.8% 4.5% 0.1% 3.0%
86.1% -
79.9%
In January 2026, the government of Shanghai announced new investments in high-tech industries involving $10bn across 50 projects within Pudong. These projects largely span biopharmaceuticals, smart vehicles, microchips, AI and aviation. Shanghai’s stated aim to develop chip, AI and aircraft manufacturing industries by 2030 indicates a continued emphasis on industrial upgrading, technology self-reliance in selected areas and the creation of integrated innovation-manufacturing ecosystems. For industrial construction markets, that translates into demand for a mix of new-build high-spec facilities and upgrades to existing plants, along with supporting utilities and compliance infrastructure.
East Asia – Industrial construction project pipeline, Value by stage ($M)
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000 Pre-planning Planning Pre-execution Execution East Asia – Industrial construction project pipeline Value by stage and country($M) South Korea 0 China
Taiwan Japan
Mongolia Hong Kong
0 100,000 200,000 300,000 400,000 500,000 Pre-planning Planning Pre-execution Execution
www.hoistmagazine.com | October 2026 | 41 600,000 700,000 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000
1,400,000
1,600,000
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