Construction
South Korea's economy grows 1 percent in 2025
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South Korea's gross domestic product grew 1 percent in 2025 from the previous year, according to Bank of Korea data, but the fourth quarter saw an unexpected 0.3 percent contraction. Strong exports drove the annual figure despite weakness in construction. This marks half the 2 percent expansion of 2024.
Bogotá's Instituto de Desarrollo Urbano (IDU) reported that the TransMilenio depressed passage at the intersection of Calle 100 and Avenida Suba has reached 66% completion. This underground structure aims to enhance mobility in the capital, with ongoing work on concrete screens and key structural elements. The project includes public spaces and green areas for the benefit of residents.
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Prime Minister Sébastien Lecornu announced a housing relaunch plan aiming to build 2 million homes by 2030, or 400,000 per year. This marks a doctrinal shift after three years of inaction amid France's housing crisis. The announcement came from Rosny-sous-Bois in Seine-Saint-Denis, highlighting the urgency of the issue for French citizens.
Egypt’s Minister of Housing, Utilities and Urban Communities, Sherif El-Sherbiny, met with a delegation from the French construction materials group Saint-Gobain to discuss potential cooperation in advanced building materials, energy efficiency solutions, and green construction. The meeting aligns with the ministry’s ongoing efforts to coordinate with international companies and bolster ties in construction and sustainable development sectors.
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A new study warns that cities worldwide need to cut greenhouse gas emissions from building construction and infrastructure by more than 90 percent over the next two to four decades to prevent global warming from exceeding 2°C. Researchers from the University of Toronto analyzed emissions for 1033 cities, highlighting the need for radical changes in building design and materials amid growing housing demands. The findings emphasize efficient multi-unit housing and better resource use over simplistic solutions like widespread wood construction.
President Gustavo Petro warned construction firms against deceptive housing pricing practices and requested probes by the Superintendence of Surveillance. He accused some companies of scamming customers by indexing prices to the minimum wage, despite drops in material costs. He also urged withholding subsidies from irregular firms.
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Trains on CPTM's Line 11-Coral resume service between Corinthians-Itaquera and Tatuapé stations starting at 4 a.m. on Monday (5). The partial shutdown, which began on December 29, was due to expansion works on the metro's Line 2-Green. The reopening happened ahead of schedule following the early completion of some tasks.
Argos expands its concrete plant in Santa Marta
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