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 Q2 2023, according to GlobalData’s construction projects database.
1. Cabo Branco Tourism Complex
The project involves the construction of the Cabo Branco Tourism Complex, in João Pessoa, Paraiba, Brazil.
Construction work started in Q2 2023 and is expected to be completed in Q4 2025.
The objective of the project is to provide enhanced leisure and living facilities for people in the region. Buy the profile here.
2. The Loren at Turtle Cove Hotel and Residences
The project involves the construction of six beachfront villas, 25 condominium units, and 33 guest suites in the Turks and Caicos Islands.
Construction work commenced in Q2 2023 and is expected to finish in Q4 2026.
The project aims to provide better hotel facilities in the region.
3. The Ascent at the Oxford, Sheer Luxury
The project involves the construction of a 27-story mixed-use tower in St Andrews, Jamaica.
Construction work started in Q2 2023 and is forecast to complete in Q4 2024.
The project aims to provide better commercial and residential facilities in the region.
4. Lurin Cirion Data Center
The project involves the construction of a data center in Lurín, Lima Province, Peru.
Construction work commenced in Q2 2023 and is expected to be completed in Q1 2025.
The objective of the project is to delivery the technological data storage services to various companies, both locally and globally. Buy the profile here.
5. Hampton by Hilton Rosario Five-Star Hotel
The project involves the construction of a condo hotel in the Province of Santa Fe, Argentina.
Construction work started in Q2 2023 and is expected to be completed in Q2 2026.
The project’s main objective is to provide better hospitality facilities and meet the growing demand in the region. Buy the profile here.
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.
