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Stock impact report

How one country is engineering its way out of a construction cost crisis [MSNBC.com]

Las Vegas Sands Corp. (LVS) 
Last las vegas sands corp. earnings: 4/22 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investor.sands.com/ir-home/default.aspx
Company Research Source: MSNBC.com
A rendering shows Singapore's new $8 billion Las Vegas Sands development, on the right.Source: Safdie ArchitectsConstruction in Singapore has boomed since the pandemic.Several mega projects are underway, with the $8 billionnew terminal at Changi Airportbreaking ground in 2025In January, Singapore's Building and Construction Authority (BCA) projected thatconstruction demand would reach up to 53 billion Singapore dollars"Following the Covid-19 pandemic, the construction industry surged, and we haven't looked back since," Alex Saez, partner and managing director for APAC at engineering consultancy Cundall, told CNBC.For building contractors, getting the work done means finding the right people, working with developers and using new technology, with one consultant describing a "digital renaissance" for some firms.While a building boom is good for the economy, it presents challenges, with construction costs in Singapore consistently ranked among the highest in the world.In an email to CNBC Show less Read more
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