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Takeover creates new opportunity

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Why you can trust SCMP
Chris Davis

THE LONG-HELD belief that Hong Kong is one gigantic construction site that will never be finished has worn a little thin over the past few years, although the echo of the mighty pile-driver never seems far away.

Since the heyday of the 1990s, when 10.2 per cent of Hong Kong's workforce was employed directly or indirectly in the construction industry, the figure has dropped to 8.6 per cent, meaning about 40,000 fewer jobs. However, the news is not all gloomy.

An upswing in the economy plus a building boom and massive infrastructure projects on the mainland are creating opportunities for people with the necessary skills and right mindsets.

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'There is always room for good people in the construction industry,' said Laurie Smith, managing director of consultant engineering company Meinhardt (Hong Kong).

Mr Smith said Meinhardt's recent takeover, without any job losses, of civil engineering company Mouchel Parkman Asia would create new job opportunities. Mouchel was established in Hong Kong 31 years ago.

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Under the new company structure, Meinhardt's Hong Kong office will be responsible for co-ordinating the China activities of 20 offices worldwide, including the company's head office in Australia.

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