Russia in the Global Market of Construction Services

Abstract

The study presents a comprehensive analysis of Russia’s role in the global construction services market, highlights historical and modern aspects of the market, identifies key factors influencing the current position of Russia, and identifies the main challenges and prospects for the industry. The conducted research is based on the analysis of statistical data, reviews of scientific publications, reports of governmental and international organizations, as well as expert opinions. Research examines in detail the economic importance of the construction sector for Russia, its integration into the world economy and the impact of globalization. The importance of construction in creating infrastructure, housing, employment and supporting related industries is also discussed. The influence of economic, political and technological factors on the Russian construction industry is assessed, including economic policy, the national currency exchange rate, legislative changes and innovative technologies in construction. The industry’s problems and challenges are analyzed, including the impact of international sanctions and the political environment, identifying key obstacles to development and suggesting possible ways to overcome them. Particular attention is paid to strategies and recommendations aimed at improving Russia’s position in the global construction services market. In conclusion, the article emphasizes that Russia’s position in the global construction services market depends on the complex interaction of economic, political and technological factors. Effectively managing these aspects requires a deep understanding of global economic trends and strategic planning at the national level.

Keywords

• construction services
• globalization
• infrastructure
• housing construction
• political factors
• technological innovation
• economic policy
• international sanctions
• strategic planning