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 airport infrastructure construction projects initiated globally in Q4 2024, according to GlobalData’s construction projects database.
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1. Dallas Fort Worth International Airport Expansion
The project involves the construction of 121,920m2 new terminal F in Dallas, Texas, the US.
Construction work started in Q4 2024 and is expected to be completed in Q4 2026.
The project aims to develop the airport with new national and international routes through the busy hub and attract more airlines to fly. Upon completion, it will be the sixth terminal capable of handling more than 200 flights a day. Buy the profile here.
2. Eindhoven Airport Terminal Expansion
The project includes the expansion of the Eindhoven Airport in North Brabant, Netherlands.
Construction work commenced in Q4 2024 and is expected to finish in Q3 2027.
The project aims to increase passenger capacity to 6.8 million passengers annually, and comfort for travelers and employees. Buy the profile here.
3. Penang International Airport Expansion
The project involves the expansion of the Penang International Airport to 113,005m2 from 54,582m2 with a capacity of 12 million passengers per annum, in Bayan Lepas, Malaysia.
Construction work started in Q4 2024 and is forecast to complete in Q4 2028.
The project aims to minimize congestion at the airport. The airport expansion will stimulate the local economy in terms of promoting the tourism sector and business developments in the region.
4. Baoji Airport Expansion
The project involves the expansion of an airport in the Fengxiang County of Baoji, Shaanxi, China.
Construction work commenced in Q4 2024 and is expected to be completed in Q2 2028.
The project aims to increase air traffic handling capabilities to provide better facilities. Buy the profile here.
5. Bagdogra Airport Expansion
The project involves the expansion of the terminal building by a 70,390m2 area to handle 10,000,000 passengers per annum on 87ha of land in Siliguri, West Bengal, India.
Construction work started in Q4 2024 and is expected to be completed in Q1 2027.
The project aims to build a second terminal building with a capacity to handle 1,000 passengers per hour, however, the existing terminal building had a capacity of 400 passengers per hour only. Buy the profile here.
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.
