In 2023, the global construction industry is poised for a significant expansion, taking on larger and more ambitious projects to accommodate population growth, modern amenities, and technology advancements.
These endeavours span from upgrading American airports to creating next-gen data centres, constructing luxury resorts, and undertaking transformative public work projects worldwide.
Here’s a comprehensive list of the 17 most significant construction projects to keep an eye on.
1. Crossrail 2, London, UK – Providing relief to London’s congested transport network, Crossrail 2 is a proposed railway line set to connect Surrey in southern England to Hertfordshire in the north. Still in the planning stage, construction is anticipated to start this year, with a completion goal by 2030 to cut travel time between the two cities significantly.
2. Mumbai International Airport, India – This proposed airport is set to become one of the world’s busiest airports. Construction is scheduled to begin this year, and by 2030, the completed airport will be capable of handling 100 million passengers annually.
3. Grand Ethiopian Renaissance Dam, Ethiopia – Constructed on the Blue Nile River, it will be Africa’s largest hydroelectric dam with a 6,000 MW capacity upon completion this year.
4. Jeddah Tower, Jeddah, Saudi Arabia – Also known as the Kingdom Tower and Mile-High Tower, this skyscraper under construction will be the tallest building in Saudi Arabia and the world once completed.
5. Suzhou Zhongnan Centre, Suzhou Industrial Park, Jiangsu, China – This 499-meter tall building under construction will offer breath-taking views of Jinji Lake and Suzhou’s skyline upon completion.
6. Thames Tideway Tunnel, London, UK – This new sewer tunnel, costing £4.2 billion and due for completion in 2025, is being constructed beneath the River Thames, aiming to protect the river for the next century at least.
7. California High-Speed Rail, California, USA – One of California’s most ambitious projects, this high-speed rail aims to connect Los Angeles and San Francisco. While no completion date is set, it has faced numerous challenges since its inception.
8. Tun Razak Exchange (TRX), Kuala Lumpur, Malaysia – This 70-acre development for international finance and business is underway. Named after Malaysia’s second Prime Minister, Tun Abdul Razak Hussein, TRX is a strategic driver of the Malaysian government’s Economic Transformation Programme (ETP).
9. Buffalo Bills’ Stadium, Orchard Park, New York, USA – The NFL’s Buffalo Bills have begun the construction of their new $1.4 billion stadium, anticipated to be completed before the 2026 season. The proposed stadium will have radiant heating to keep fans comfortable during New York’s harsh winters.
10. Madison Square Garden Sphere, USA – The largest spherical structure on Earth is set to open in the second half of 2023. It will host a wide range of events. Initially set to open in 2021, construction was disrupted due to the COVID-19 pandemic.
11. JFK Airport Expansion Projects, New York City, USA – Part of a $14.2 billion revamp, JFK International Airport will see significant changes to its terminals to accommodate future growth.
12. Southeast Connector, Dallas-Fort Worth area, USA – This $1.6 billion project will widen I-20 and I-820 and rebuild interchanges to improve traffic congestion and efficiency.
13. BMW Supplier EV Plant, Florence, South Carolina, USA – This new $810 million EV battery plant by Envision AESC will boost EV battery production in the U.S., creating 1,170 new jobs.
14. Amazon Data Centre Campus, Northern Virginia, USA – Amazon plans to make a massive $35 billion investment across multiple data centre campuses in Virginia, subject to approval from Virginia’s new Mega Data Centre Incentive Program.
15. Fontainebleau Las Vegas, Las Vegas, USA – This $2.2 billion luxury resort and casino is set to be completed by the end of 2023 on the Las Vegas Strip.
16. Related Santa Clara, Santa Clara, California, USA – This $8 billion project includes residential units, office space, hotel rooms, a park, open spaces, and retail and entertainment areas and is set to begin vertical construction this year.
These construction projects worldwide are set to make an indelible mark on their respective industries and regions, making 2023 an exciting year for the global construction industry.