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(Construction.IndustryNews247.Com, September 24, 2016 ) The expansion will also be supported by the country’s Vision 2020, under which the government aims to develop the country’s road, rail, airport and other related infrastructure. In real terms, the industry’s output value increased at a compound annual growth rate (CAGR) of 11.68% during the review period (2011–2015), and is estimated to grow at a CAGR of 9.49% over the forecast period, due to the government’s vision to develop world-class infrastructure under the National Integrated Infrastructure Master Plan (NIIMP) 2043 to support sustainable economic development and growth. The government aims to achieve this target through investments under the Public-Private Partnership (PPP) model. The industry is consequently expected to rise in real terms.
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