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Excerpted from the Russia Career Guide

Construction

The Russian construction industry saw strong growth of 10 percent last year, as a result of significant private and public investment in commercial, industrial, infrastructural and residential construction projects related to its hosting of this year’s Asia Pacific Economic Cooperation (APEC) Summit, the Olympic Games in 2014 and FIFA World Cup in 2018, as well as segmented construction activities in different regions. As a result of government support and continued demand for infrastructure due to upcoming international sporting and trade events, the industry is expected to register continued growth this year.

Oil and Gas

Russia is the world’s largest oil producer and the second-largest producer of natural gas. The Russian government has mega-projects in the fuel and energy sectors, including continued development of the major Sakhalin oil and gas project at a cost of more than 1.8 trillion RUB. Chemical production facilities using natural gas will likely be built along the pipeline routes. A large scale petro- and natural gas chemical industry is expected to develop in the Russian Far East along the main pipeline routes to include methanol, ammonia and fertilizer products, as well as manufacturing of polymeric plastics. These new projects will require procurement of equipment and machinery to support their production.

Employment Outlook

Compared to the economic turmoil in Europe, the Russian market looks promising. Russia’s manufacturing sector recently experienced an increase in unfilled vacant positions. The number of jobs in B2B businesses has increased slightly. Companies want high potential employees who will actively develop their skills and prove their worth as professionals for at least two years, according to recruiting firm Antal Russia.

Areas of Job Promise

Infrastructure leaders: The war for talent and skills is heating up. Not only are skilled boots on the ground lacking, so, too, is leadership. Today's infrastructure leaders must exhibit a new set of skills in order to bring together multiple stakeholders and execute massive projects, all while under the scrutiny of regulators, politicians, investors and the general public, according to KPMG.

This is just a sample of what you'll find in over 100 pages of information in the Russia Guide.



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