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6 global construction projects to watch in 2017

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The pace of global construction continues unabated as 2016 draws to a close. The next 12 months will see a number of ongoing projects continue or conclude, as well fresh developments breaking new ground. With that in mind, here are some of 2017’s hottest construction projects for you to keep an eye on in the new year.
GIFT City, Gujarat, India
 
When it comes to construction projects, ambitious is the word in India. Take the Gujarat International Finance Tec (GIFT) City for example. This $11 billion development will result in a brand new business district from scratch across a 3.58 square kilometre site in Gujarat state.
 
The site plans to boast a huge number of structures and amenities, including tier IV data centre, 110 towers, automated waste collection services designed by Swedish engineers Envac and a 2.4 kilometre service tunnel. Schools, offices and residential spaces are also to be included.
 
Construction has already finished on the twin GIFT 1 and 2 towers, which are two 28-storey office blocks. GIFT’s centrepiece, the 410 metre-tall Diamond Tower, is slated to finish in 2017. 25,000 smart homes, outfitted with cutting-edge appointments, are set to begin construction in 2017.
 
GIFT City is expected to see sustained building activity until at least 2023. Redefining the concept of megaprojects, GIFT City’s development, building and completion is set to create more than 1 million direct and indirect jobs. India is in the grips of a smart city frenzy, with 100 cities across the nation either being built from scratch, with GIFT as a blueprint for future endeavours, or being upgraded in a multi-billion dollar initiative.

Read about the other projects on our market insights page