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Contractors and others benefiting
from this move towards massive public spending are naturally
overjoyed but some are worried about the continued rise in prices
of building materials.
Some notable multi million dollar
infrastructure projects already given out and due to start soon
include the huge dams in Tutong, the Parliament House, Radio
Television Brunei relocation, major roads and re-settlement
projects, construction industry sources said.
Brunei is currently in a deep
business slump. That is because there has been no notable public
spending in the past few years and as the foreign workers departed
in droves at the end of projects, trade suffered.
But now with the possible influx
of a large number of Thai and other foreign construction workers
happy times could be soon here for the hard pressed local shop
keepers and other businesses.
Other category of staff such as
engineers, architects and professionals who could be heading for
Brunei is likely to revive the local slump in real estate as
demand for better housing rise.
It is also good news for the bus
companies as workers would fill seats in the currently |