MANILA, Philippines — The construction industry is aiming to grow its contribution to the economy to P130 trillion by 2030 under its newly launched roadmap.
Trade Secretary Ramon Lopez said under the Construction Industry Roadmap 2020 to 2030 crafted by the Department of Trade and Industry through the Construction Industry Authority of the Philippines and the Philippine Contractors Association, the industry is aiming to boost its contribution to the economy to P130 trillion from just P2.3 trillion last year.
He said the value is 325 percent larger than the P43 trillion projected growth of the industry without a roadmap.
Implementation of the roadmap, he added, would increase job opportunities for construction to seven million by 2030 from four million last year.
The roadmap launched last week seeks to ensure the sustainability of the construction industry’s growth and its competitiveness.
Read More: Philippine Star
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