The Construction Industry Training Board has spent a lot of time doing in-depth research on the construction sector in Wales and the predicted annual growth rate is 7.1%, compared to the rest of the UK construction industry which is a much lesser increase of 2.5% between 2016-2020.
The employment in the construction sector is going to apparently hit its peak in 2018 which is going to be 5% more than the peak in 2008.
So, what is it is going to powering these huge boosts in the welsh construction sector?
As I am sure we all know, there is going to be a lot of major infrastructure projects across the welsh region, one of the main projects is the new nuclear power station at Wylfa and the work there plans to commence in 2019.
For all the Cardiff residents, the other massive construction project is the already developing, Central Square which is based in the heart of the city. This project is estimates to cost £400m by the end of the project and the first building, One Central Square is currently in use by Huw James Solicitors.
The other huge project is the very large prison project expected in Wrexham within the near future, also the Swansea Bay tidal lagoon project which is going to be a staggering cost of £1bn.
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