10 Apr '08
In the 1st quarter 2008 residential construction figures increased by 19% compared to the same period last year, deputy governor of construction Valery Anglichaninov has announced.
In 2007 the construction industry benefited from $340m investment, whilst Anglichaninov estimates that in 2008 this figure could reach $480m.
"In 2008 we plan to build 1,350,000 sq.m. of housing space and the figures from the 1st quarter 2008 show that this is not beyond us," Anglichaninov stated.