Hong Kong Building Tenders

The construction industry in Hong Kong is a crucial sector of the economy, contributing approximately 10% to the city's GDP. In 2022, the market was valued at HK$218.9 billion (US$28.1 billion). The industry is expected to experience moderate growth in the coming years, with a projected CAGR of 2% from 2024 to 2027. This growth will be driven by factors such as infrastructure investment, population growth, and increasing demand for residential and commercial properties.

Hong Kong Building Government Procurement
The Hong Kong government is a major procurer of construction products and services. In 2021, the government spent HK$73.7 billion (US$9.4 billion) on construction procurement. The government is committed to sustainable procurement practices and is promoting the use of energy-efficient and environmentally friendly construction products.

The main building products and services procured by the Hong Kong:
Prefabricated steel structures
modular construction units
high-performance concrete
energy-efficient windows and doors
smart building technology.
Design and build services
project management
construction waste management
BIM (Building Information Modeling) services
off-site construction.

Top Authorities for Hong Kong Building Procurement
The Development Bureau (DEVB) is the lead authority for construction procurement in Hong Kong. Other key authorities include the Architectural Services Department (ASD), the Electrical and Mechanical Services Department (EMSD), and the Housing Department (HD).

Top Winners of Hong Kong Building Procurement
The top winners of construction procurement contracts in Hong Kong are a mix of local and international construction companies. The top 10 companies account for over 60% of the total value of procurement contracts. The top winners include China State Construction Engineering Corporation (CSCEC), CRCC Hongkong Limited, Leighton Asia Limited, Gammon Construction Limited, and Henderson Land Development Company Limited.


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