CONFERENCE: Construction Risk Management Asia 2024

The evolution of risk management and risk transfer

The recently published Global Construction Futures Report, produced by Oxford Economics, predicts that completed global construction work will grow over US$4.2 trillion over the next 15 years—from US$9.7 trillion in 2022 to US$13.9 trillion by 2037.

Asia is the dominant region behind the sector’s growth with India, in tandem with its population growth, expected to be the fastest growing of all global superpowers and becoming the third largest global construction market before the end of the decade.

Whilst the outlook for growth within the Asian construction and infrastructure sector is positive, there are and will continue to be a significant number of existing and new challenges faced by firms and individual directors. A period of intense global geopolitical instability, high inflation, the threat and realisation of recessions, ongoing conflicts, volatility in the Middle East, supply chain strains, cyber security and the transition to a net-zero environment are just a few examples of some of the challenges and risks.

Construction contractors and project owners are placing an ever greater emphasis on the governance of risk management across their businesses. Budgets are shifting, risk management functions are growing in volume and increased responsibility and strategies are changing.

Join us as we host the 2nd edition of the Construction Risk Management Asia Conference, which takes place in Singapore on 17 October 2024.  

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