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Finally, 2020 Will Be The Year That The Construction Sector Rises From The Ashes And Rewards Professionals With Many Job Openings
After the Brazilian economic recession, the outlook for construction in 2020 is favorable and promises many job openings in the sector. Attention industry professionals, 7000 job openings – Chinese Consortium Wins Construction of The Salvador Bridge.
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The good news is due to the high number of approved projects, available resources for developers and final borrowers, and banks’ willingness to expand their mortgage loan portfolios.
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Miami is investing US$16 million to pump new sand onto beaches that have already been nourished 51 times since the 1930s, and Palm Beach, which has received more artificial sand than any other American city, needs to repeat the operation every few years because the Atlantic returns everything that cost millions to put there.
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This monolithic dome house is almost indestructible, resists EF5 tornadoes and Category 5 hurricanes, cuts energy by up to 75%, and yet there are fewer than 900 units in the US because of an unexpected barrier: financing.
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The nuclear submarine that never arrives: The Álvaro Alberto project has accumulated 47 years of development, R$ 40 billion spent since 2008, and may now be delayed until 2037 due to a lack of R$ 1 billion in the Brazilian Navy’s coffers.
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The United Kingdom removed approximately 1.8 million cubic meters of sand from the seabed and is depositing it all on 6 kilometers of beaches in Norfolk, in a mega-operation to curb erosion, protect coastal villages, and shield a vital gas terminal against the encroaching Atlantic.
Finally, 2020 will be the year that the sector rises from the ashes and rewards professionals who are ready. Roberto Campos Neto, president of the Central Bank (BC), stated that construction is “one of the levers for growth”.
The Construction Survey of December by the Getulio Vargas Foundation (FGV) and the Brazilian Institute of Economics (Ibre) records the highest score since June 2014, confirming projections that in 2019 the sector had closed a five-year cycle of retraction.
The construction market grew by 2 percent in the second quarter of this year compared to 2018, ending a series of declines that have plagued industry professionals since 2014, reported the Union of the Construction Industry of São Paulo State (Sinduscon-SP)
To these factors, it adds the fact that construction was the sector that created the most formal jobs in 2019, with a 5.93% increase compared to December 2018, equivalent to 117,200 jobs with formal contracts.
According to the IBGE, the number of people employed in the sector advanced due to the construction sector being boosted by a 10.7 percent increase in credit for housing financing.
In addition, according to data from Revista Exame, with the real estate sector heating up, sales of construction machinery ended 2019 with a 37 percent increase
And it doesn’t stop there, to complement, the Construction Confidence Index (ICST) calculated by FGV/IBRE reached 84.7 in November, marking the highest level reached by the index since January 2015.
With a scenario that promises to be so favorable again, the professionals working in the construction sector just need to ensure one thing: that they are properly qualified and up to date with the new technologies and requirements of the sector.
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