Korean Journal of Construction Engineering and Management (한국건설관리학회논문집)

Korea Institute of Construction Engineering and Management (한국건설관리학회)
권호 표지
DOI QR코드

DOI QR Code

Impact Analysis of Economic Fluctuation of Saudi Arabia on Korean Overseas Construction Business

사우디아라비아의 경제변동이 한국의 해외건설 수주에 미치는 영향분석

  • Jeon, Jae-Keun (Department of Architectural Engineering, Hanyang University) ;
  • Lee, Suk-Won (Department of Architectural Engineering, Hanyang University) ;
  • Kim, Jae-Jun (Department of Frontier Architectural Engineering, Hanyang University)
  • Received : 2015.12.02
  • Accepted : 2016.03.03
  • Published : 2016.03.31
Download PDF
⟨ Previous Next ⟩

Abstract

According to the order receipt report over the past 10 years the overseas construction business total trades were 54.05% and 68.09% done by the Middle East and other industrial facilities respectively. In the Middle East based on data collected in 2014 the country with most overseas construction business is Saudi Arabia with 34.10%, and the industrial facility occupies the larger share with 56%. Overseas construction business is suffering from a reduction in work orders in the Middle East because of the recent oil price reduction. At this point of view, it is necessary to consider economy fluctuation for the diversification of construction type and work orders. This study analyzed, focusing in Saudi Arabia how the economical fluctuations of nations of progress can affect overseas construction business' trade orders. The analysis results demonstrated that most construction types depends on GDP, investment fund. Also industrial facility can be substituted with Architecture and civil engineering. This work is expected to be used as a basis for trade order amount maintenance and construction type diversification.

최근 10년간 국내 해외건설사업 수주금액 현황은 지역별로는 중동지역과 공종별로는 산업설비(플랜트)가 전체 사업의 54.05%와 68.09%를 각각 차지하고 있는 실정이다. 중동지역 내 국가별 국내 해외건설사업의 비중은 2014년 기준으로 사우디아라비아가 34.1%로 가장 많은 부분을 차지하고 있는 상황이며, 공종별로는 산업설비(플랜트)가 56%로 가장 많은 비중을 차지하고 있다. 국내 해외건설사업은 최근 유가하락 등의 직 간접적인 영향이 중동지역의 산업설비(플랜트) 수주 감소로 이어져 어려움을 겪고 있다. 이러한 시점에서 경제변동에 따른 국내 해외건설사업의 수주규모 유지 및 공종 다변화를 위한 고찰이 필요할 것으로 판단된다. 이에 본 연구는 사우디아라비아를 대상으로 진출국가 경제변동이 공종별 국내 해외건설사업 수주실적에 미치는 영향을 실증분석하였다. 분석결과 대부분의 공종이 GDP와 투자기금의 영향이 높았고, 건축, 토목공종이 산업설비(플랜트)의 대체관계임을 확인할 수 있었다. 이는 국내 해외건설사업 수주실적 유지 및 공종다변화를 위한 기초자료로 활용 될 것으로 기대된다.

Keywords

References

  1. Baek, H. K., Jang, and W. S. (2015). "Pending Issues and Problems."Hyundai Research Institute(HRI).
  2. Park, B. J., Oh, J. K., and Kim, J. J. (2012). "A Study on Influence of Domestic and International Construction Market upon International Construction Projects Order." Architectural Institute of Korea, 28(11), pp. 125-132.
  3. Do, T. H., Choi, M. S., and Kim, M. S. (2012). "An Analysis on Economic Effects of Overseas Construction by Foreign Countries." Journal of KRSA, 28(3), pp. 25-39.
  4. Choi, G. D. (2011). "The Impact of Korean Overseas Construction on Domestic Economy." MS thesis, The Graduate School of Chun-Ang University.
  5. Jung, P. S, (2012). "Correlation Analysis between Overseas 0construction orders and macroeconomic variables using the VAR model." MS thesis, The Graduate School of Engineering Yonsei University.
  6. Park, M. J. (2008). "The Effect of International Oil Price Raise in the Internal Macro-economy." MS thesis, Chun-Ang University.
  7. Kim, H. K. (2005). "The Macro Economic Effect on the Raio of Unsold Condominium." MS thesis, Konkuk University.
  8. Hwang T. K. (2003). "Interjurisdictional Analysis of Housing Price in Seoul Metropolitan Area." MS thesis, Konkuk University.
  9. Park. J. C. (2007). "The Mutual Relationship among Interest, Apartment Prices and Stock Prices by Using VECM." MS thesis, Dong-A University.
  10. Kim, G, J. (2008). "Wealth Effects of Stock and Housing Prices under Uncertainty." Association of Korean Economic Studies, 22, pp. 53-79.
  11. Lee, H, J. (2005). "A Analysis of Financial Economic Timesiries by using E-Views." Kyungmoon.
  12. Lee, H, S. (2007). "Study on the Influence of Macroeconomic Factors upon the Housing Transaction and the Jeonse Rental Index." MS thesis, Kyungwon University.
  13. Park, H. S., Woo, K., and Kim, C. S. (2003). "A Study on the land price fluctuations in Seoul Metropolitan Area." Korea Real Estate Analysis Association, 9(2), pp. 1-13.
  14. Ahn, M. K., Moon, H., and Kim, J. J. (2006). "The Impacts of Construction Investment related Building Permit Area Indicator." Journal of the Architectural Institute of Korea Structure & Construction, 22(12), pp. 155-164.
  15. Byun, I. W., and Kim, Y. S (2012). "An Analysis of Core Competence of Pre-Construction Service of the Making Inroads into Overseas Construction Market", Korean Journal of Construction Engineering and Management, KICEM, 13(2), pp. 80-90. https://doi.org/10.6106/KJCEM.2012.13.2.080
  16. Ha, S. W., Lee, S. W., and Kim, J. J (2015). "An Analysis of Competency at Each Phase of PMC for Overseas Architecture Project Using the IPA", Korean Journal of Construction Engineering and Management, KICEM, 16(3), pp. 59-67. https://doi.org/10.6106/KJCEM.2015.16.3.059