The value of Spain construction market is forecasted by GlobalData to decline by 0.3% in real terms in 2024, having grown by 3.5% in 2023. A key growth market will be the infrastructure market, with output rising by 2.9% 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 Spain during Q4 2024, according to GlobalData’s construction projects database.
Smarter leaders trust GlobalData
1. Northern Port Container Terminal Extension
The project involves the extension of the Northern Container Terminal facilities in Valencia.
Construction work started in Q4 2024 and is expected to be completed in Q4 2029.
The project’s aim is to improve the export capacity of Valencian companies which also means that the Community “is well-positioned to generate confidence, stability, employment and, above all, development possibilities. The expanded space will have the capacity for around five million containers and is designed to cope with the expected container traffic on the horizon of 2050. The construction work was supposed to commence in the first quarter of 2022, however, the construction for phase I was delayed due to technical and administrative reasons. Buy the profile here.
2. A-7 Crevillente to Alhama de Murcia Highway Development
The project involves the construction of a highway between Crevillente and Alhama in Murcia.
Construction work commenced in Q4 2024 and is expected to finish in Q4 2030.
The project’s aim is to provide state-of-the-art road transportation infrastructure and improve its service level and improve the long-distance journey between the areas. Buy the profile here.
3. A5 Tunnel Development
The project involves the construction of the A5 tunnel in Madrid.
Construction work started in Q4 2024 and is forecast to complete in Q4 2027.
The objective of the project is to reduce traffic congestion and to provide state-of-the-art transportation infrastructure for people in the region. The project’s infrastructure will improve air quality, noise pollution, and mobility and will connect the neighborhoods divided by the highway. Buy the profile here.
4. Stay Los Berrocales Residential Complex
The project involves the construction of the Stay Los Berrocales residential complex in Los Berrocales, Madrid.
Construction work commenced in Q4 2024 and is expected to be completed in Q4 2027.
5. FV Ciudad Rodrigo Solar Park 316 MW
The project involves the construction of the FV Ciudad Rodrigo solar park in Ciudad Rodrigo in the province of Salamanca, Castile and León.
Construction work started in Q4 2024 and is expected to be completed in Q4 2025.
The project’s aim is to meet the growing demand for electricity in the region. The project will create 800 jobs during the construction phase. Buy the profile here.
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.
