The value of Mexico construction market is forecasted by GlobalData to decline by 1.7% in real terms in 2023, having decreased by 1.1% in 2022. A key growth market will be the infrastructure market, with output dropping by 2.0% 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 Mexico during Q3 2023, according to GlobalData’s construction projects database.
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1. Baja California Sur Combined Cycle Power Plant 327 MW
The project involves the construction of a combined cycle power plant in Tres Virgenes, Baja California Sur.
Construction work started in Q3 2023 and is expected to be completed in Q1 2026.
The objective of the project is to meet the growing industrial and residential energy demand by using clean and renewable energy in the region. Buy the profile here.
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2. Tigres Football Club Stadium
The project involves the construction of a stadium with a capacity for 65,000 spectators in Monterrey, Nuevo Leon.
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. Lerdo-Norte IV Combined Cycle Power Plant 350 MW
The project involves the construction of a combined cycle power plant of 350MW in the Municipality of Lerdo, Durango.
Construction work started in Q3 2023 and is forecast to complete in Q4 2024.
The objective of the project is to meet the growing industrial and residential energy demand by using clean and renewable energy in the region. Buy the profile here.
4. Marin Prefabricated Straight Beams Production Plant
The project involves the construction of a production plant on a 100,000m2 area in the Municipality of Marin, Nuevo Leon.
Construction work commenced in Q3 2023 and is expected to be completed in Q1 2025.
The objective of the project is to play a crucial role in the development of Metro Lines Four, Five and Six, with a focus on the production of construction elements. Buy the profile here.
5. Chihuahua Ophthalmic Lenses and Frames Manufacturing Plant Expansion
The project involves the expansion of a manufacturing plant of ophthalmic lenses and frames with a production capacity of 35 million in BAFAR Industrial Park in Chihuahuan.
Construction work started in Q3 2023 and is expected to be completed in Q4 2024.
The objective of the project is to expand the market and operations of Essilor Luxottica products in Chihuahua and South America. 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.
