The construction industry represents the building blocks of a community. Without the industry, we won't have any schools, hospitals or even homes. But more importantly, there wouldn't be any offices, factories or shops. It is these buildings that represent the fundamental foundations of a strong economy.
With the UK sector in
short supply of staff, some proposed construction projects have been delayed. In a way, this is halting the economy to grow.
In this post we will look at 5 ways the constructions industry helps to play a pivotal role in boosting an economy.
Attracts Foreign Investment
Having a strong construction sector with the right health and safety regulations can help to bring in foreign investment. The health and safety regulations gives foreign investors the added reassurance that the project will get completed ethically and with a minimum chance of any life threatening incidents occurring.
Foreign investors want to see their investments protected, and having a robust health and safety protocols is the step in the right direction.
Property investment is big business, no matter where in the world you invest. And by developing new buildings, you're attracting more investments. These investments would generate much needed capital that can then be invested in to something else.
Boosts Tourism
If you've ever seen images of Dubai in the United Arab Emirates (U.A.E.), then you've probably seen the Burj Khalifa. Now, the Burj Khalifa is the world's tallest man-made skyscraper, standing at a whopping 829.8m.
The Burj Khalifa is a statement to the rest of world, not just in terms of architecture, but to showcase of Dubai's ambition.
Since the completion of Burj Khalifa, Dubai's
tourism industry has boosted (who wouldn't want to see the world's tallest building?). As well as foreign investments. In fact, according to the U.A.E.'s national news website
Khaleej Times, the construction industry in the U.A.E. is expected to grow with further projects already in development.
But it is not just about visiting countries that have the tallest buildings. Popular cities like New York, Rome, Barcelona, Athens and Paris are renowned for historical architecture and landmark buildings. None of these buildings would have existed without the construction industry.
Spurs Growth For Other Sector
No matter what industry you work in, you can rely on the construction sector for growth in your sector. To give you an example, the
UK's offshore wind farm sector has grown from strength to strength. And it is has now cemented its status as the world leader in offshore wind farms (probably thanks to our lovely wet and windy weather).
At the moment, the first offshore wind farm on the south coast of England is currently under construction. The project will finish in 2018. Again, if it weren't for the construction industry, these wind farms would not have been made. And it would not have cemented the UK as world leader in offshore wind farms.
Shopping centres, office blocks, retails parks, you name it, these structures have helped to boost the economy. And this leads to my next point.
Creates Jobs
A new construction projects leads to very exciting times in the sector. Not only does it bring a new challenge, but it creates jobs as well. And as soon as the project is completed, the purpose of those buildings will then go on to create new jobs as well.
Attracts Talent
In seeing a city continually develop itself, it will go on to further establish a stronger culture. It will bring new cafes, restaurants, bars and clubs. As well as boutique activities such skiing and golfing ranges. And let's not forget about those museums and art galleries too.
This will definitely attract talented individuals who want to move to a more vibrant city with a buzzing social life.
Fancy Working in Construction?
Hopefully, this article has shown you how important the construction sector is in terms of a strong economy.
If you would like to work in construction, there are many ways you can enter the field. To pursue a career in architecture and engineer, you definitely need a university degree. You can also work your way up the career ladder by working on-site as a construction labourer (an entry level position) and then either working your way up to become a supervisor or manager or you can specialise in a particular skill or trade (i.e. carpentry, stonemasonry).
If you do choose go down the route in becoming a construction labourer, then you will need a
green CSCS card. Here at The Learning Station, we can help you get in this in a week.
Thanks for reading. What are your thoughts on this topic? Please let us know in the comments sections below.
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