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ARTICLE · 17 OCTOBER 2016

Bribery In International Construction

Fenwick Elliott LLP
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A recent report1 by Global Construction Perspectives and Oxford Economics forecasts that by 2030 the volume of construction output will grow by 85% to US$15.5 trillion worldwide, with China, the US and India leading the way and accounting for 57% of all global growth.

United KingdomReal Estate and Construction
James Mullen
James Mullen
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In Issue 18 of IQ, Sarah Buckingham reviewed the extra-territorial reach of the UK anti-bribery legislation. In Issue 19, we take a more global look at the risks of bribery on construction projects.

A recent report1 by Global Construction Perspectives and Oxford Economics forecasts that by 2030 the volume of construction output will grow by 85% to US$15.5 trillion worldwide, with China, the US and India leading the way and accounting for 57% of all global growth. There is no doubt that global construction is big business, particularly in the emerging markets where large construction and infrastructure projects are being carried out more and more. However, construction (both at home and abroad) has always been viewed as a sector that is extremely vulnerable to bribery.

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