The construction market in South and Central America is forecasted by GlobalData to grow by 1.6% in real terms in 2024, having grown by 4.0% in 2023. 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 Q1 2024, according to GlobalData’s construction projects database.
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1. DC QR03 Data Center
The project involves the construction of a Hyperscale data center in El Marqués, Mexico.
Construction work started in Q1 2024 and is expected to be completed in Q4 2025.
2. El Marques QRO3 Data Center
The project involves the expansion of a data center on a 25,000m2 floor area at El Marques Industrial Park in Queretaro, Mexico.
Construction work commenced in Q1 2024 and is expected to finish in Q4 2025.
The data center will be the largest in terms of size and capacity in all of Latin America, and will support the Mexican market. Buy the profile here.
3. Gravatai Bourbon Shopping
The project involves the construction of Bourbon Shopping center on 20ha of an area in Gravatai, Rio Grande do Sul, Brazil.
Construction work started in Q1 2024 and is forecast to complete in Q3 2026.
The objective of the project is to develop a shopping center to provide enhanced shopping and leisure experience for the people of the region.
4. Aldea Nizuc Mixed-Use Development
The project involves the construction of a 16-floor condo hotel on 10,000m2 area in the Hotel Zone Cancun, Mexico.
Construction work commenced in Q1 2024 and is expected to be completed in Q4 2025.
5. Extrema Logistics condominium Complex
The project involves the construction a logistics condominium complex on a 7.5ha area at at Extrema, Minas Gerais, Brazil.
Construction work started in Q1 2024 and is expected to be completed in Q4 2025.
The objective of the project is to strengthen the logistics infrastructure in the region.
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.
