The construction market in South and Central America is forecasted by GlobalData to grow by 1.6% in real terms in 2024, having grown by 4.0% in 2023. A key growth market will be the infrastructure market, with output rising by 2.5% 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.
Here are South and Central America’s five largest commercial and leisure construction projects that were initiated in Q2 2024, according to GlobalData’s construction projects database.
Smarter leaders trust GlobalData
1. Walmart Naranjo Store
The project involves the construction of a new retail store at Zona 4 de Mixco, El Naranjo, Peten Department, Guatemala.
Construction work started in Q2 2024 and is expected to be completed in Q4 2029.
2. El Coyol de Alajuela Distribution Center
The project involves the construction of a distribution center at El Coyol de Alajuela in Alajuela Province, Costa Rica.
Construction work commenced in Q2 2024 and is expected to finish in Q4 2028.
3. Rio de Janeiro New Flamengo Stadium
The project involves the construction of a new Flamengo stadium on an area of 8.7ha of land in Rio de Janeiro, Brazil.
Construction work started in Q2 2024 and is forecast to complete in Q4 2025.
4. St. Regis Costa Mujeres Resort
The project involves the construction of a resort on 3.5ha of land in Costa Mujeres, Cancun, Quintana Roo, Mexico.
Construction work commenced in Q2 2024 and is expected to be completed in Q4 2025.
The project aims to expand St. Regis footprint in Mexico and looks forward to bringing the brand’s celebrated rituals and traditions to this vibrant and sought-after destination for future guests.
5. Curitiba Park Shopping Barigui Expansion
The project involves the expansion of a shopping center in Curitiba, Parana, Brazil.
Construction work started in Q2 2024 and is expected to be completed in Q3 2025.
It will generate 1000 new jobs in the region.
For more details on the latest construction projects, buy the profiles here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
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.
