The construction market in South and Central America is forecasted by GlobalData to grow by 1.6% in real terms in 2023, having grown by 4.0% in 2022. A key growth market will be the infrastructure market, with output rising by 2.5% 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 South and Central America’s five largest commercial and leisure construction projects that were initiated in Q3 2023, according to GlobalData’s construction projects database.
Smarter leaders trust GlobalData
1. Paulinia Data Center
The project involves the construction of a data center in Paulínia, São Paulo, Brazil.
Construction work started in Q3 2023 and is expected to be completed in Q1 2026.
The objective of the project is to develop an international level data center to store essential data from Middle Eastern country’s, Europe, and Asia to provide lower costs for internet users across the country, and to reduce international traffic data.
2. Tigres Football Club Stadium
The project involves the construction of a stadium with a capacity for 65,000 spectators in Monterrey, Nuevo Leon, Mexico.
Construction work commenced in Q3 2023 and is expected to finish in Q4 2025.
The objective of the project is to build the new home of the Tigres, which is thinking of competing with the Monterrey stadium BBVA. Buy the profile here.
3. Maxximus Guayaquil City Center Mixed-Use Development
The project involves the construction of a Maxximus Guayaquil City Center devevelopment on a 10.2ha land area in the province of Guayas, Ecuador.
Construction work started in Q3 2023 and is forecast to complete in Q4 2026.
The project’s main objective is to provide better commercial, residential, and hospitality facilities in the region.
4. Porto Alegre Data Center I
The project involves the construction of a data center in Porto Alegre, Rio Grande do Sul, Brazil.
Construction work commenced in Q3 2023 and is expected to be completed in Q2 2024.
The objective of the project is to develop a technology center for the processing and storage of data in order to meet the growing customer demand in the region. Buy the profile here.
5. Tembladerani Football Stadium Development
The project involves the construction of a 20,000-seat football stadium on a 40,000m2 floor area in Tembladerani, La Paz, Bolivia.
Construction work started in Q3 2023 and is expected to be completed in Q2 2025.
The project aims to enhance the sports facilities in the region and to provide a modern stadium.
For more details on the latest construction projects, buy the profiles here.
Premium 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.
