The global construction market is forecasted by GlobalData to grow by 1.8% in real terms in 2024, having grown by 1.7% in 2023. While the residential construction market in many countries will decline, this will be offset by high growth in the infrastructure sector, with output rising by 8.3% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Driving growth in the market in 2022 and over the remainder of the decade are a potential 135 mega hydroelectric projects, costing over $100m each. Here are the largest data center construction projects initiated globally in Q4 2024, according to GlobalData’s construction projects database.
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1. AREA Data Centre Campus
The project involves the construction of a hyperscale data center on 63ha of land in Kedah, Malaysia.
Construction work started in Q4 2024 and is expected to be completed in Q2 2028.
2. New Carlisle Data Center Campus
The project involves the construction of a data center in St.Joseph County, Indiana, the US.
Construction work commenced in Q4 2024 and is expected to finish in Q4 2029.
3. Richland Parish Data Center
The project involves the construction of a 371,612m2 data center on 910ha of land in Richland Parish, Louisiana, the US.
Construction work started in Q4 2024 and is forecast to complete in Q4 2030.
4. Elmina Business Park Google Data Center
The project involves the construction of a data center and cloud region in Elmina Business Park, Sungai Buloh, Selangor, Malaysia.
Construction work commenced in Q4 2024 and is expected to be completed in Q4 2027.
5. OH1 Data Center Campus
The project involves the construction of a data center campus on 28ha of land at 3475 Horizon Court in New Albany, Ohio, the US.
Construction work started in Q4 2024 and is expected to be completed in Q4 2028.
For more details on the latest construction projects, buy the profiles here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
