The value of Brazil construction market is forecasted by GlobalData to grow by 2.7% in real terms in 2023, having grown by 7.4% in 2022. A key growth market will be the infrastructure market, with output rising by 3.7% 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 Brazil during Q4 2023, according to GlobalData’s construction projects database.
1. Cristino Castro Solar Power Complex 600 MW
The project involves the construction of a 600MW Cristino Castro solar power complex in Cristino Castro, Piaui.
Construction work started in Q4 2023 and is expected to be completed in Q4 2024.
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2. Ribeiro Goncalves Solar Complex 322 MW
The project involves the construction of a 322MW solar power complex in Ribeiro Gonçalves, Piauí.
Construction work commenced in Q4 2023 and is expected to finish in Q4 2027.
The project’s objective is to increase the solar power generation capacity to meet the demand for power in the region.
3. Salvador Cidade Sete Sois Residential Complex
The project involves the construction of Cidade Sete Sois Residential Complex on 32.08ha of land in Salvador, Bahia.
Construction work started in Q4 2023 and is forecast to complete in Q4 2025.
The objective of the project is to develop a global center to attract new business opportunities and provide enhanced shopping and living experience for people in the region. Buy the profile here.
4. Pato Branco Soybean Food Processing Plant
The project involves the construction of a soybean food processing plant with a production capacity of 3,200 tonns per day in Pato Branco, Paraná.
Construction work commenced in Q4 2023 and is expected to be completed in Q1 2026.
It will generate 400 direct and indirect jobs in the region. Buy the profile here.
5. SP-55 Doutor Manoel Hyppolito Rego Highway Duplication
The project involves the duplication of a 194.4km SP-55 Doutor Manoel Hyppolito Rego highway between Praia Grande to Santos in São Paulo.
Construction work started in Q4 2023 and is expected to be completed in Q1 2027.
For more details on the latest construction projects, buy the profiles here.
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