The construction market in Asia Pacific is forecasted by GlobalData to grow by 3.7% in real terms in 2024, having grown by 3.9% in 2023. A key growth market will be the infrastructure market, with output rising by 11.9% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are Asia Pacific’s five largest airport infrastructure construction projects that were initiated in Q4 2024, according to GlobalData’s construction projects database.
Smarter leaders trust GlobalData
1. Penang International Airport Expansion
The project involves the expansion of the Penang International Airport to 113,005m2 from 54,582m2 with a capacity of 12 million passengers per annum, in Bayan Lepas, Malaysia.
Construction work started in Q4 2024 and is expected to be completed in Q4 2028.
The project aims to minimize congestion at the airport. The airport expansion will stimulate the local economy in terms of promoting the tourism sector and business developments in the region.
2. Baoji Airport Expansion
The project involves the expansion of an airport in the Fengxiang County of Baoji, Shaanxi, China.
Construction work commenced in Q4 2024 and is expected to finish in Q2 2028.
The project aims to increase air traffic handling capabilities to provide better facilities. Buy the profile here.
3. Bagdogra Airport Expansion
The project involves the expansion of the terminal building by a 70,390m2 area to handle 10,000,000 passengers per annum on 87ha of land in Siliguri, West Bengal, India.
Construction work started in Q4 2024 and is forecast to complete in Q1 2027.
The project aims to build a second terminal building with a capacity to handle 1,000 passengers per hour, however, the existing terminal building had a capacity of 400 passengers per hour only. Buy the profile here.
4. Christchurch Engine Centre Expansion
The project involves the expansion of the 14,000m2 GTF engine center in Christchurch, New Zealand.
Construction work commenced in Q4 2024 and is expected to be completed in Q4 2026.
5. Cat Bi International Airport Cargo Terminal
The project involves the construction of a cargo terminal with a handling capacity of 100,000 tonnes of cargo per annum in Hai Phong, Vietnam.
Construction work started in Q4 2024 and is expected to be completed in Q1 2026.
For more details on the latest construction projects, buy the profiles here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
