According to GlobalData, the value of Brazil construction market is forecast to grow by 2.7% in real terms in 2024, having grown by 7.4% in 2023. A key growth market will be the infrastructure market, with output rising by 3.7% 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 the top five commercial and leisure construction projects that commenced in Brazil in Q4 2024, according to GlobalData’s construction projects database.
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1. Joao Pessoa Acqua Park
The project involves the construction of an acqua park on an area of 24ha at Cabo Branco in Joao Pessoa, Paraíba.
Construction work started in Q4 2024 and is expected to be completed in Q2 2026.
The aim of the project is to create modern leisure and outdoor recreation facilities in the region.
2. Garuva Logistic Warehouse
The project involves the construction of a logistics warehouse in Garuva, Santa Catarina.
Construction work commenced in Q4 2024 and is expected to finish in Q4 2026.
The objective of the project is to provide modern logistics facilities in the region. Buy the profile here.
3. RJ3 Data Center
The project involves the construction of a data center in Rio de Janeiro.
Construction work started in Q4 2024 and is forecast to complete in Q4 2025.
It will be the third data center of Equinix company in Rio de Janeiro.
4. Barreiro Industrial and Logistics Complex
The project involves the construction of an industrial and logistics complex at Barreiro in Belo Horizonte, Minas Gerais.
Construction work commenced in Q4 2024 and is expected to be completed in Q4 2026.
It is also known as “Galpão Logístico Log Sim – Sistema Integrado Multilogístico”. Buy the profile here.
5. Fortaleza Hyperscale Data Center
The project involves the construction of a hyperscale data center with a 20MW capacity in Fortaleza City, Ceara State.
Construction work started in Q4 2024 and is expected to be completed in Q1 2026.
The project aims to boost the telecommunication sector in the country by allowing faster and cheaper connection for the citizens.
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.
