The factors that influence the dynamic development of the construction industry in a remote region

Abstract

This article discusses the development of the construction industry on the example of a remote region. The construction complex has always played a leading role in the development of the Russian economy as a whole and in some of its regions. The construction industry accounts for 6 % of global GDP. moreover, the construction sector is interconnected with almost all other sectors of the economy. Construction is one of the main types of economic activity, as it provides for the creation of new, expansion and reconstruction of existing fixed assets. Due to the developed construction industry, the most important tasks of structural adjustment of the material base of the entire production complex in the country are being solved, as well as conditions for the development of non-production sectors are being created. Construction is a branch of material production where objects of production and non-production infrastructure (buildings, structures, highways, etc.) are created. The state of the construction market is always an indicator of the successful development of the country’s economy as a whole. [1]