Global design and construction firms were again caught up in increasingly violent protests in the Middle East, this time in Libya, as companies scrambled to shut down projects and evacuate expatriates amid much uncertainty as to when or whether they would return to restart work—and under what government. Photo: AP Worldwide Turkish construction workers evacuating from Libya as projects shut down amid mounting turmoil. Industry firms from Turkey were particularly hard-hit, since Libya ranks, after Russia, as the second most important market for Turkish contractors, industry sources say. The estimated value of firms’ ongoing projects there is between $15 billion
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.