ACS Group Annual Report - Grupo ACS

Evolution of investment by geographical area
% of GDP
45%
40%
35%
30%
25%
20%
15%
1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011e 2013e 2015e
World
Developed Economies
Emerging and Developing Economies
Central and Eastern Europe
Emerging Asian countries
Latin America
Source: International Monetary Fund. World Economic Outlook 2010.
sustained growth in the percentage for investment in
relation to the GDP generated is to be observed.
There are clear determining factors supporting the
sustained growth in infrastructure investment, which
are:
• The increase in per capita income, which is matched
by an increase in demand for infrastructure
improvements, both in transport and energy.
• Strong population growth, migratory or tourist
movements.
• Regulatory, environmental or technological
changes which drive the need for a transition
towards more modern and effi cient infrastructures.
The growth in the need for investment in
infrastructures and their relevance in a country’s
economic and social development characterise this
industry worldwide. However, the infrastructure
sector presents differing characteristics depending
on the geographic market in which it is located, as
well as differentiated needs and opportunities for
investment.
19
ACTIVITY REPORT
PROSPECTS FOR THE INFRASTRUCTURE DEVELOPMENT SECTOR