Article Abstract:
The island of Hong Kong is due to pass from British to Chinese ownership in 1997. Some expatriate building contractors and consultants expect the transition to Chinese rule to be uneventful and are hopeful that the Hong Kong economy will continue with little change. However, others are more worried about what the changeover will mean for them. British contractors in Hong Kong, such as Wimpey, Costain and Balfour Beatty, are concerned that the lucrative public works sector will enter a period of uncertainty.
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Article Abstract:
The return of Hong Kong to Chinese sovereignty will create uncertain business conditions for UK contractors and consultants which have greatly benefited from having a strong presence in Hong Kong. It is widely believed that Hong Kong's construction market will continue to expand rapidly, and most foreign concerns have faith in the assurances granted under the Basic Law. However, there are fears about specific issues, including the bidding system for Hong Kong's public sector work programme.
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Article Abstract:
U.K. construction professionals and consultants have great influence in Hong Kong's construction industry and there are several major projects being undertaken that are British-led. Local consultants are generally seen as being of low standard because of the fierce price-cutting wars between rivals. Architect Sir Norman Foster and Partners has some large projects under way and is able to offer excellent designs and services that local companies cannot match.
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