The World Economic Forum strives in all its efforts to demonstrate entrepreneurship in the global public interest while upholding the highest standards of governance. Moral and intellectual integrity is at its heart and their activities are shaped by an institutional culture founded on stakeholder theory, which asserts that an organisation is accountable to all parts of society.
The Forum carefully blends and balances the best of many kinds of organisations, from both the public and private sectors, international organisations and academic institutions. It believes that progress happens by bringing together people from all walks of life who have the drive and the influence to make a positive change.
This report has been produced as the first publication of a multi-year project for guiding and supporting the Engineering & Construction (E&C) industry during its current transformation. It describes the industry’s present state, assesses relevant global trends and their impact on the industry, and devises a transformative framework with key areas for development and action.
The report also features many best practices and case studies of innovative approaches or solutions, and offers a view of how the future of construction might look. The project as a whole, and this report specifically, builds on the findings of an earlier World Economic Forum’s project – the four-year Strategic Infrastructure Initiative, which identified and described the key government measures needed to close the infrastructure gap.