According to GlobalData, the value of Japan construction market is forecast to grow by 0.9% in real terms in 2023, having grown by 2.5% in 2022. A key growth market will be the infrastructure market, with output rising by 1.5% 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 the top five leisure and hospitality building construction projects that commenced in Japan in Q2 2023, according to GlobalData’s construction projects database.
1. 2025 Osaka Kansai Expo
The project involves the development of an exhibition center on a 390ha area in Yumeshima, Osaka.
Construction work started in Q2 2023 and is expected to be completed in Q1 2025.
The Expo 2025 Osaka aims at contributing to the achievement of the Sustainable Development Goals (SDGs) and activation of Japan’s economy and the Osaka, Kansai regional economy, and strengthen the management of small and medium enterprises. Buy the profile here.
2. Nagoya City Mizuho Park Athletics Stadium Development
The project involves the construction of a 30.694m, 80,222m2, six-story stadium with 30,000 seats on 13.9ha of land in Nagoya, Aichi.
Construction work commenced in Q2 2023 and is expected to finish in Q1 2026.
The project aims to provide better sports facilities in the region and to be the main venue for the Asian Games to be held in 2026.
3. Tokyo Disneyland Tomorrowland New Attraction Development
The project involves the construction of a 10,683m2, two-story steel building on 7.5ha of land in Urayasu City, Tokyo.
Construction work started in Q2 2023 and is forecast to complete in Q4 2027.
The project aims to provide better leisure facilities in the region. and it will be possible to enjoy a space trip that is more thrilling and exciting than ever before. Buy the profile here.
4. Kitanakadori North District A1/2 District Project
The project involves the construction of a 150m high, mixed-use tower 40 floors above ground and two floors underground with a floor area of 97,081 m2 on 9.7ha of land in Yokohama, Kanagawa.
Construction work commenced in Q2 2023 and is expected to be completed in Q4 2026.
The project aims to provide the region with better hotel, leisure, and residential facilities. Buy the profile here.
5. Tokyo A-Arena
The project involved the construction of a 27,000m2, arena with a capacity of 10,000 seats in Aomi, Koto City, Tokyo.
Construction work started in Q2 2023 and is expected to be completed in Q4 2025.
The project aims to realize next-generation sports experiences by proposing various ways to enjoy watching games and introducing the latest technology. and plan to collaborate with the services and technologies of each company to make the experience at the arena more convenient and enjoyable.
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.
