EPC Firms Face Mounting Challenges in $3.6 Trillion Mega-Project World

SUGAR LAND--October 19, 2010--Researched by Industrial Info Resources (Sugar Land)--It's almost as inevitable as death and taxes. In spite of uncertain economic direction, the world's demand for energy and resources continues to grow, driving industrial project development for power generation, mining, infrastructure, hydrocarbons and petrochemicals. As a result, capital spending will increase significantly in the foreseeable future. More and more, these projects are located in remote parts of the world, with little or no established infrastructure and a sparse skilled labor force, although these projects require complex technical delivery and logistics solutions and have multibillion-dollar price tags.