The Chartered Institute of Building (CIOB) have called for more recognition and praise to recognise what a good job the UK construction industry has done on the facilities for the 2012 Olympic Games in London.
The CIOB have described the Olympics as one of “the UK’s most important and iconic regeneration developments of the 21st Century”, with CIOB Chief Executive Chris Blythe saying:
“The closest praise so far have been back-handed compliments that ‘at least it’s not another Wembley’, with only the architecture drawing any sort of recognition. Yet it’s the people of UK construction who have turned those five-ringed dreams into reality.
The UK should be proud of its construction industry for creating a landmark development on time, on budget, and with an excellent health and safety record in tough economic times and with a barrage of complexity.
The bigger picture at play here is that whilst UK construction is quietly, frustratingly so, delivering an eye-popping regeneration project it is setting new standards along the way. The truth is the Olympics are just a small part of what the construction industry delivers every day. The professional expertise within our industry is exported all over the world and it still leads the way.”
The Olympic Games in London has definitely had a big impact on the UK construction industry and created thousands of jobs at a time when the industry was struggling from the recession. 98% of the facilities for the Games have been built by British companies. That is almost £6bn worth of business, or 1,400 contracts, that have been directly awarded to UK companies as well as thousands more businesses further down the supply chain. Altogether an estimated 75,000 firms have won work related to the 2012 Olympics.
Following on from the work on the Olympics, the CIOB believe UK contractors can have an impact abroad, with CIOB chief Chris Blythe saying:
“So while we naturally focus on London 2012 lets not forget the myriad of projects up and down the country and across the world that are delivered to world class standards. Brazil 2016 will have a hard act to follow, but it will be made easier because no doubt UK construction will be involved there too.”
- Train4TradeSkills News: What effect has the 2012 Olympics had on the UK Construction Industry? (train4tradeskills.wordpress.com)
The global construction industry is expected to grow by 70% in the next decade, with forecasts predicting it will be worth $12 trillion in 2020, compared to $7.2 trillion today. That’s why the CIOB have swooped in, to try and create jobs for UK contractors in the area.
The CIOB plans to use its new foothold in Dubai to launch new initiatives and construction projects across Abu Dhabi, Oman, Qatar and Saudi Arabia.
The CIOB’s Head of International, Amy Gough says that, “The expectation is that China, India and Eastern Europe will be the new magnets for construction activity.”
Ms Gough continued to say that, “we are still seeing our own members , and other construction professionals, migrate towards the Middle East.”
It is no surprise that the Middle East and countries like India and China are booming, as they are two of the world’s fastest growing countries and the next two big superpowers. A report published this month by Global Construction Perspectives and Oxford Economics found that China and India are expected to contribute half of the $4.8 trillion increase over the next nine years.
The other benefit of companies like the CIOB having a base in the Middle East is the arrival of the 2022 World Cup in Qatar. It may be over a decade away, but UK construction firms could have a big part to play in helping the country get ready for the world’s biggest sporting event.
It may have not been a popular choice for Qatar to host the 2022 World Cup among football experts, but it could have a similar effect to the 2012 Olympics, in terms of creating work and jobs for contractors abroad.