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.
The Department of Justice has decided to file two tax evasion cases against Sarah and Pacifico “Curlee” Discaya for violations of the National Internal Revenue Code in 2020 and 2021. It also dismissed three other complaints against them due to lack of evidence or expiration of the prescription period. These actions are part of a broader investigation into their flood control projects.
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Hong Kong authorities are considering a fixed penalty of HK$3,000 (US$385) for smoking on construction sites, instead of the initial maximum of HK$150,000. The move addresses workers' concerns following a deadly blaze in Tai Po last November. Secretary for Labour and Welfare Chris Sun Yuk-han said the government is actively exploring solutions to these issues.
The Colombian Chamber of Infrastructure (CCI) responded to President Gustavo Petro's statements suggesting that the fiscal deficit could be offset by cuts to investments in already contracted road concessions and the return of resources held in trusts. The business group clarified that those funds are not available surpluses but resources earmarked for ongoing works, and the actual available amount is $6.5 trillion, not $18 trillion as claimed by the president.
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Egypt's Prime Minister Mostafa Madbouly has ordered the immediate implementation of the "Medical Capital City for Hospitals and Educational Research and Training Institutes" following directives from President Abdel Fattah Al-Sisi. Madbouly described the project as a significant addition to Egypt's future, providing a qualitative shift in national health services. The initiative spans 221 feddan with 18 institutes and a national university for medicine accommodating 4,000 students.
A deadly blaze in Tai Po prompted the removal of protective mesh from around 420 buildings under renovation in Hong Kong. The Construction Industry Council plans to procure 50,000 scaffolding nets, with the first batch of 12,000 ready by January 15. Executive director Albert Cheng Ting-ning stressed that the higher cost ensures safety under new regulations.
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The Architectural Association of Kenya has detailed multiple regulatory failures preceding the collapse of a 14-storey building in South C on January 2, 2026. In their statement, they pointed to ignored stop orders and inadequate approvals. The group is urging investigations and tougher construction oversight.
Construction of IKN state mosque reaches 98.4 percent
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January 24, 2026 16:09Government launches plan for 2 million homes by 2030
January 23, 2026 15:26Argos expands its concrete plant in Santa Marta
January 22, 2026 11:34North Korea completes another tourist area on east coast
January 18, 2026 03:31Housing minister orders fast-tracked completion of New Capital's business district
January 14, 2026 21:24Housing minister meets Saint-Gobain to explore sustainable building cooperation
January 14, 2026 14:00Cities must slash construction emissions by 90 percent to avoid 2°C warming
January 14, 2026 09:31Ethiopian Airlines to pick lead contractor for Bishoftu project in June
January 13, 2026 11:13South Korea adds 193,000 jobs in 2025 amid sluggish manufacturing, construction