BMI View: Norway's construction sector is supported by a solid major project pipeline, governmentcommitment to infrastructure spending and a strong investment environment. The new USD125bn NTP inparticular will boost investment across the country over the next decade. Residential construction isperforming strongly. A transitioning economy will provide opportunities for construction andinfrastructure, as will fixed investment on the back of a steadily improving oil price.
Latest Updates And Structural Trends
We have significantly increased our construction industry growth outlook over 2017-2026, from 2.9%average annually to 3.9%, which is commendable given hydrocarbon industry-related economicheadwinds.