The value of Russia construction market is forecasted by GlobalData to decline by 4.2% in real terms in 2024, having grown by 3.5% in 2023. A key growth market will be the infrastructure market, with output dropping by 1.3% 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.
Here are the five largest construction projects initiated in Russia during Q4 2024, according to GlobalData’s construction projects database.
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1. M-32 Highway
The project involves the construction of the M-32 Highway in St. Petersburg.
Construction work started in Q4 2024 and is expected to be completed in Q1 2027.
The project aims to connect the northern and southern parts of the district (connection of Shuvalovsky Prospekt and Primorskoye Highway) and increase the transport accessibility of the Lakhta Center business district, as well as the Yuntolovo residential area to the city. Buy the profile here.
2. Aksaysky Greenhouse Complex
The project involves the construction of a greenhouse complex on 33ha of land with a vegetable production capacity of 40,000TPA in Aksaysky District, Rostov Region.
Construction work commenced in Q4 2024 and is expected to finish in Q4 2026.
The project aims to meet the demand of vegetables in the south and central parts of the country. It will create 600 new jobs in the Region.
3. Blagoveshchensky Oil Extraction Plant
The project involves the construction of an oil extraction plant with a processing capacity of 1,200 tonnes of sunflower oil per day in Blagoveshchensk, Altai Region.
Construction work started in Q4 2024 and is forecast to complete in Q4 2028.
The purpose of the project is to process various crops, including rapeseed and flax, which will meet the domestic demand for edible oil in the region and also to export to other country’s. It will create 350 new jobs. Buy the profile here.
4. Melanzhista Altaya Plant Redevelopment
The project involves the redevelopment of the Melanzhista Altaya Barnaul textile Plant with a capacity of 35 million linear meters in Altai Krai.
Construction work commenced in Q4 2024 and is expected to be completed in Q4 2025.
The aim of the project is to create the modern textile industry, from the processing of cotton and synthetic raw materials to finished fabrics. Buy the profile here.
5. Danilovsky Pave Residential Complex
The project involves the construction of the Pave residential complex in 2ha of land in Danilovsky District, Moscow Russia.
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’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
