The value of China construction market is forecasted by GlobalData to grow by 4.4% in real terms in 2024, having grown by 4.4% in 2023. A key growth market will be the infrastructure market, with output rising by 18.0% 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 China during Q4 2024, according to GlobalData’s construction projects database.
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1. G0611 Chuanzhusi to Wenchuan Expressway
The project involves the construction of a 200.60km expressway from Chuanzhusi to Wenchuan in Sichuan.
Construction work started in Q4 2024 and is expected to be completed in Q4 2027.
2. Dongfang Offshore Wind Power Hydrogen Production and Energy Comprehensive Utilization Demonstration Plant
The project involves the construction of an offshore 1,500MW wind power hydrogen production and energy comprehensive utilization demonstration plant in Dongfang, Hainan.
Construction work commenced in Q4 2024 and is expected to finish in Q4 2027.
3. Shenyang International Smart Health City
The project involves the construction of an international smart health city in Shenyang, Liaoning.
Construction work started in Q4 2024 and is forecast to complete in Q4 2029.
The project aims to build a hospital to provide the region with better healthcare services.
4. Shuangyashan Green Methanol and Green Aviation Fuel Demonstration Base
The project involves the construction of a green methanol and green aviation fuel demonstration base with an annual production of 200,000 tons of green methanol and 300,000 tons of green aviation fuel in Shuangyashan, Heilongjiang.
Construction work commenced in Q4 2024 and is expected to be completed in Q4 2028.
5. Hami Tianshan North Foothills New Energy Base 4100 MW
The project involves the construction of a 4,100MW new energy base at Tianshan North Foothills in Hami, Xijiang.
Construction work started in Q4 2024 and is expected to be completed in Q4 2029.
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.
