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Mace to deliver Mai House Hoi An project in Vietnam Mace has been appointed by Mai House Hospitality Group to project manage the construction of Mai House Hoi An, a new luxury golf and hotel resort in Hoi An, Vietnam. The five-star resort will be situated directly on the main beach road between Hoi An and Danang covering a gross floor area of 105,000 sq m. Mai House Hoi An is the first hotel project secured by Mace’s Vietnam business and the team will be providing a range of services including design management, project management and construction management. Set to be the most iconic building in the area, the new resort features the style of a distinctive Vietnamese lantern and has been modelled on the Burj al-Arab in Dubai but on a greater scale. With 300 rooms, 50 villas, 100 apartments, and with 100 shop houses integrated in front of the leading Vietnamese golf course, Montgomerie Link, this project is expected to become another landmark for Vietnam. “Mace has been making big moves across Vietnam and we are looking forward to working with them on this project. The design of Mai House Hoi An is something never before attempted in Vietnam and we have every faith that the team will do a great job,” said a spokesperson from Mai House Hospitality Group. John Campbell, general director of Mace Vietnam commented, “We are very excited to be involved in this iconic five-star hotel project. The work done with the client over the last six months has paid off and the delivery promises to be an exciting one for all involved.” n
ABOVE AND LEFT: The new resort features the style of a distinctive Vietnamese lantern and has been modelled on the Burj al-Arab in Dubai but on a greater scale.
‘ASEAN construction to grow by over 6% annually’ Construction output in the member states of the Association of South East Asian Nations (ASEAN) is forecast to expand by over 6% yearly on average during 2018 - 2022, according to a report by data and analytics company GlobalData. The white paper titled ‘ASEAN: Analyzing Prospects for Growth’ was prepared by GlobalData for Intermat ASEAN 2018 and Concrete Asia 2018, the region’s trade shows for construction, infrastructure and concrete sectors that were held in Bangkok in September 2018. The report was built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData’s team of industry experts. “The Southeast Asia region continues to develop at a rapid pace, with economic growth projected to reach an annual average rate of 5.1% during 2018 - 2022, the fastest among all global regions, and an acceleration from the healthy rate of 4.8% recorded in the past five years. Much of this growth is being driven by investment in new infrastructure, while increasing domestic demand is driving the expansion in construction of buildings across the residential and non-residential sectors,” explained Danny Richards, GlobalData’s lead economist for construction industry. “Although there are disparities in the pace of growth in construction output among the ASEAN member states, the region’s construction industry as a whole will grow by 6.1% on an annual average basis in the next five years. This is marginally behind the projected growth of 6.5% in the thriving emerging markets in the Middle East and Africa, but the ASEAN region presents investors and
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developers with a lower level of risk of projects being put on hold or cancelled, according to GlobalData’s Construction Risk Index.” Mr Richards continued, “Reforms to encourage public private partnerships (PPPs) are almost universal across the ASEAN region. The Philippines, Myanmar, Laos and Vietnam have undergone reforms to create more accessible markets for private sector investment in construction through PPPs. Indonesia has undergone similar reforms, expanding the construction sectors eligible for PPPs and increasing incentives to invest. Land ownership is another area that is under reform. Once a notoriously difficult process, acquiring land in Indonesia is now much fairer and more transparent. Vietnam has also implemented an initiative in which foreign investors are allowed to acquire land and hold a majority stake in a commercial or residential project. “According to GlobalData, the combined value of mega projects (with a minimum value of US$25 million) across ASEAN stands at US$2.9 trillion. This includes all projects from the announcement stage to execution. An analysis of the pipeline by stage reveals that the region provides huge opportunities with respect to a large volume of early stage projects. Just under US$1.5 trillion of projects are currently in the planning and pre-planning stages, suggesting significant construction spend is to occur for some time.” GlobalData’s Construction Risk Index provides a standardised view of the underlying degree of country-level risk facing the construction industries in 50 major developed and emerging markets around the world, encompassing market, operating, financial, economic and political risk. n