The current state of the Russian construction industry: trends, problems, prospects

this article presents a comprehensive overview of the current state of the Russian construction industry, highlighting key trends, problems and prospects for its development. The study confirms the importance of the construction sector for the country's economy, focusing on its role in the process of creating gross value added. The impact of the COVID-19 pandemic and crisis phenomena on the industry is discussed, which served as a catalyst for changes and updates in approaches to construction. There is an increase in investments in fixed assets and an increase in construction volumes, which creates significant opportunities for the development of the sector. The key areas contributing to attracting investments have been identified, such as the development of public-private partnerships, the stability of legislation, the de-bureaucratization of processes and the fight against corruption. The importance of digitalization and the introduction of modern technologies, such as neural networks and artificial intelligence, in the design and management of construction processes is considered. Examples of successful projects are given that demonstrate the effectiveness of using these technologies, improving the quality and reducing the time required to complete the work. A method for estimating the value of assets is proposed, taking into account the impact of both explicit and hidden factors based on real options models, which can significantly improve the management of construction projects. The conclusions of the study focus on the need for personnel training, updating educational programs and reviewing the legal framework for the successful implementation of innovative approaches.

gross value added, public-private partnership, legislation, investments, innovations, artificial intelligence, uncertainty, asset valuation, sanctions, construction, digitalization, environmental friendliness