18 ASIAN LEGAL BUSINESS – JUNE 2024 WWW.LEGALBUSINESSONLINE.COM ALB: In the wake of today’s challenging geopolitical landscape, how are you and your team helping your company navigate the evolving regulatory landscape in the construction industry across various Asian countries? MUKUL SHASTRY, general counsel, Cube Highways: The world today is fraught with geopolitical uncertainty. The risks are not lingering at the periphery of the global world, but the challenges lie at the very core which transcends borders. The competition is no more within the borders or outside with private players but, at times, drives its power with the State’s might and their size, economic power, and geographic leverage – influencing and shaping politics, economics, and commerce. Therefore, it is a must for players like us to understand these risks and chart out frameworks whether it be through joint ventures or otherwise, that may tackle such challenges. We have had many such identified partners across the borders and with a solid database management system which helps us in finding out who would be the right partner for us. The strengths and weaknesses of different In recent years, construction companies in Asia have been enjoying a boom in countries’ pivot to infrastructure reforms. The construction market in the Asia-Pacific region has grown by 3.9 percent in 2023, according to GlobalData. But the sector was also confronted by rising material costs and financial constraints due to global economic conditions. GCs in three construction companies share how they are capitalising on new momentum and taking on challenges ahead. BY SARAH WONG ROCK-SOLID APPROACH ROUNDTABLE Image: Tawansak/Shutterstock.com
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