Here are the five largest construction projects initiated in Philippines during Q3 2022, according to GlobalData’s construction projects database.
1. San Fernando Cement Manufacturing Plant – $311m
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The project involves the construction of a cement manufacturing plant with a capacity of 3MTPA in Cebu City, Central Visayas, the Philippines.
Construction work started in Q3 2022 and is expected to be completed in Q2 2024.
The purpose of the project is to cater to the growing demand for cement in the country.
2. The Ortigas Hills Condominium – $75m
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By GlobalDataThe project involves the construction of three condominium towers on 1.7ha of land in Rizal, Calabarzon, the Philippines.
Construction work commenced in Q3 2022 and is expected to finish in Q3 2025.
The project aims to provide better residential facilities in the region.
3. Glade Residences – $50m
The project involves the construction of 11 residential towers in Jaro, Iloilo, the Philippines.
Construction work started in Q3 2022 and is forecast to complete in Q2 2026.
The aim of the project is to provide better residential facilities in the region.
4. W Sixth Office Building – $40m
The project involves the construction of a 146m-high, 20-story office tower on a 42,513m2 floor area in Metro Manila, the Philippines
Construction work commenced in Q3 2022 and is expected to be completed in Q3 2024.
The main aim of the project is to cater to the growing demand for office space in the region.
5. Kamputhaw Red Hotel – $30m
The project involves the construction of a hotel comprising 200 hotel rooms in Kamputhaw, Central Visayas.
Construction work started in Q3 2022 and is expected to be completed in Q3 2024.
The project aims to provide better hospitality facilities in the region.
Methodology:
This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.
Verdict’s parent company GlobalData plc provides business information to 4,000 of the world’s largest companies.
