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The Hong Kong’s construction industry recorded a CAGR of 14.90% during the review period. This was supported by private and public investments in infrastructural and industrial construction projects. The outlook for construction is favorable, as a result of the government’s focus on infrastructure and residential construction. The continuation of several large-scale infrastructure projects, a prosperous tourism industry and increased government spending on healthcare and education will support industry growth. Government efforts to increase land supply for commercial and residential use will also drive the industry’s growth over the forecast period. The construction industry’s output is expected to record a nominal CAGR of 8.87% over the forecast period.