Norwegian Construction Market Overview

Virtually on November 24th, 2020 at 10:00 AM (NO time)
Norway is one of the priority markets for Lithuanian businesses operating in the construction sector and is our important trading partner. Half of all Lithuania’s exports to Norway is in the construction sector and these numbers continue to grow, despite the challenges caused by COVID-19.

Today, close to ten thousand Lithuanians work only on Norwegian construction sites. Consequently, you may find a Lithuanian footprint in many construction projects across the country – be it traditional wooden cabins in the mountains, furniture in a typical flat in Trondheim, or modern facade solutions of office buildings in the Oslo City Center.

We cannot underestimate the importance of the Norwegian construction market to Lithuanian companies and their potential in the coming years. However, to have opportunities to overcome and grow, we may be facing some serious obstacles which can be expressed by asking the following questions:
– Whether the pace of real estate market expansion will not slow down?
– How do COVID-19 related constraints on the free movement of labour and goods impede a smooth implementation of projects?
– What new market penetration forms should we seek in this challenging situation?

Lithuanian-Norwegian Chamber of Commerce (LNCC) and Norwegian-Lithuanian Chamber of Commerce (NLCC) took the initiative to find the answers to those questions and by partnering with Lithuanian Embassy in Norway as well as governmental agency Enterprise Lithuania decided to organize a webinar about the Norwegian construction market status quo and its mid-term perspectives.

Join us virtually on 24 November at 10:00am Norwegian time / 11:00 am Lithuanian time to get expert insights on:

  • Norway‘s current economic situation;
  • Trends in the Norwegian construction market;
  • Supply and subcontracting possibilities for the biggest construction market players;
  • Public procurement opportunities in Norway.

10:00    Welcome Remarks by H.E. Jonas Paslauskas, Lithuanian Ambassador to Norway
10:05    Norway: Economic Overview | Darius Budrys, Lithuanian Commercial Attaché in Norway
10:15    Trends in the Norwegian Housing Market | Per Jeager, Director of Norwegian Home Builders’ Association (NHBA)
10:25    Trends in the Commercial, Industrial and Public Sector Real Estate Industry | Audun Lyngstad, Senior customer manager at DNB bank
10:35    Supply and Subcontracting Possibilities for the Largest Construction Market Players |
             Ragnar Furru, Vice President – Purchasing at AF Group ASA
             Erik Smedsrød, Procurement Manager – International Market at HENT AS
10:55    Public Procurement Opportunities in Norway | Arne O. S. Sivertsen, Partnerat Inventura AS
11:05    Q&A session

Moderator – Lina Mockutė, Managing Director of Norwegian-Lithuanian Chamber of Commerce

Language: English
Registration: The event is free to join, but registration is required:

Registration link

Company profiles:

  • Norwegian Home Builders’ Association (Boligprodusentenes Forening) is an interest organization for housing-producing companies in Norway. The association has close to 800 member companies which are responsible for more than half of the housing construction in Norway. The association’s activities are particularly focused on business policy issues and developments in housing construction.
  • AF Group AS (AF Gruppen Norge AS) is the third largest civil engineering and construction company in Norway. The building division of AF supplies new constructions, including residential buildings, office buildings, schools, cultural and institutional buildings. Net income: 9,996,684,000 Norwegian krone (2019), number of employees: 3000.
  • Hent AS owns and operates real estate properties. The Company builds and develops industrial, commercial and residential buildings, educational, sports, hotels, and health centers. Hent serves customers in Norway and Sweden. Net income: 6,820,551,000 Norwegian krone (2019), number of employees: 970.
  • Inventura AS is one of the largest consulting firms in Norway specializing in public procurement and optimization of procurement driven value chains. Net income: 110,000,000 Norwegian krone (2019), number of employees: 77.

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