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UK second-best construction market

The UK offers the second-biggest opportunity for international construction companies after the US, according to research by international accountants BDO Stoy Hayward.

Spokesman Richard Kelly notes that in the US, the $150 billion (£90 billion) earmarked in the economic stimulus package is the biggest infrastructure investment since the country`s highway system was built in the 1950s.

He adds that the fact that the UK and Canada are second and third behind the US, and that “they could offer more potential than China, Saudi Arabia or even India”, is startling.

He said: “It clearly demonstrates the importance of carrying out a rigorous analysis of opportunities and balancing them with the barriers to entry.”

Mr Kelly says that construction is an industry that has traditionally been limited by national boundaries, “with companies often ignoring the significant opportunities that exist beyond their own shores”.

He added: “While the effort required to break into the USA, and other international markets, may appear to be daunting, even taking just a tiny nibble of this enormous cake could be enough to satisfy the greediest of construction business appetites.”