Emerging Markets for Stone Exports
News Date: 01.10.2016
CONFINDUSTRIA MARMOMACCHINE, in cooperation with Paralleli Trade Fairs, is promoting the participation of Italian companies at Stone Fair Tokyo, the section devoted to stone, stone technology and complementary products at the Japan Home and Building Show, a reference event for the Japanese construction industry, to be held in Tokyo from October 26 to 28, 2016.
In 2016 Japan's GDP began to grow again and was up 1.7% in the first quarter of the year. Reconstruction after the earthquake and tsunami continues without interruption and is one of the factors during the economy along with increased domestic demand and a considerable upswing in public spending and investments, both industrial and residential.
The Japanese government led by Prime Minister Shinzo Abe is preparing to launch a large-scale 20 trillion yen ($188 billion) plan to boost the nation's economy, the goal is to gradually get out of the deflationary spiral, trying to limit Brexit's negative effects on Japan's economic growth.
The plan foresees spending 8 trillion yen on new infrastructure, while 3 trillion will go to expanding the magnetic levitation railway line between Tokyo, Nagoya and Osaka. To attenuate the effects of Brexit, another 3 trillion will be used for low - interest loans to companies through the Japan Bank for International Cooperation a public financial institution.
The Israeli government, through its Building and Construction Ministry, recently announced its decision to open the residential building sector to international competition in an attempt to meet growing demand for low cost housing.
In fact, the government's aim is to build more than a million housing units in the next ten years, thus reducing apartment costs by 20% from current value and increasing the technological level of building methods by using skilled labour.
Kuwaiti investors are building a new residential district near Sarajevo that will be called the Lidza Pearl Resort. This is a luxurious, five-star resort in which the Al Diyar Real Estate and Al Diyar Construction companies will be investing 13 million euros.
The complex will cover an area of 65,000 square meters and in addition to villas and garden apartments foresees construction of recreation centers, gyms, indoor pools, restaurants, cafes and a 2,000 square meter artificial lake.