The value of Mexico construction market is forecasted by GlobalData to decline by 1.7% in real terms in 2024, having decreased by 1.1% in 2023. A key growth market will be the infrastructure market, with output dropping by 2.0% 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 Mexico during Q3 2024, according to GlobalData’s construction projects database.
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1. Amigo LNG Terminal Development
The project involves the construction of an LNG terminal with a processing capacity of 7.8MTPA in Guaymas, Sonora.
Construction work started in Q3 2024 and is expected to be completed in Q2 2026.
2. Saltillo Tire Manufacturing Plant
The project involves the construction of a tire manufacturing plant on a 600,000m2 area in Saltillo City, Coahuila State.
Construction work commenced in Q3 2024 and is expected to finish in Q3 2025.
3. Lift Platform Production Plant
The project involves the construction of a lift platform manufacturing plant in Guanajuato Puerto Interior.
Construction work started in Q3 2024 and is forecast to complete in Q2 2025.
4. Tlajomulco de Zuniga Pick-Up Truck Assembly Plant
The project involves the construction of an assembly plant on a 50,000m2 area in Tlajomulco de Zúñiga Municipality, Jalisco State.
Construction work commenced in Q3 2024 and is expected to be completed in Q1 2025.
5. VYNMSA Torreon Industrial Park
The project involves the construction of an industrial park in Torreón, Coahuila State.
Construction work started in Q3 2024 and is expected to be completed in Q1 2025.
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.
