The value of Spain construction market is forecasted by GlobalData to decline by 0.3% in real terms in 2023, having grown by 3.5% in 2022. A key growth market will be the infrastructure market, with output rising by 2.9% 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 Spain during Q4 2023, according to GlobalData’s construction projects database.
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1. Camp Nou Stadium Renovation
The project involves the renovation of the Camp Nou stadium in Barcelona.
Construction work started in Q4 2023 and is expected to be completed in Q3 2026.
The objective of this project is to provide more seating capacity and other related facilities for spectators in the stadium. Buy the profile here.
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2. MAD2 Data Center Complex
The project involves the construction of the MAD2 data center in San Agustin de Guadalix, Madrid.
Construction work commenced in Q4 2023 and is expected to finish in Q4 2029.
The data center complex will provide efficient and scalable model to support customer growth in the region. This company has chosen San Agustín del Guadalix as its next headquarters due to the absence of natural hazards, its ease of access from the airport and Madrid is proposed as the main point of convergence of the country’s telecommunications networks. Buy the profile here.
3. AQ-BCN1 Cerdanyola del Vallès Data Center
The project involves the construction of the AQ-BCN1 data center in Cerdanyola del Vallès, Barcelona, Catalonia.
Construction work started in Q4 2023 and is forecast to complete in Q4 2024.
The project’s aim is to meet the growing demand for data center facilities for IT industries in the region. Buy the profile here.
4. Soria Social Security Data Center
The project involves the construction of a social security data center in Soria, Castile and León.
Construction work commenced in Q4 2023 and is expected to be completed in Q4 2025.
The project’s aim is to meet the growing demand for data centers in the government sector of the region. The current data center is located in Madrid and will be located in Soria once the construction is completed. Buy the profile here.
5. Serbal Solar Power Plant 174 MW
The project involves the construction of the Serbal solar power plant in Segovia, Castile and Leon.
Construction work started in Q4 2023 and is expected to be completed in Q4 2024.
The project aims to build a photovoltaic power plant and meet the growing demand for electricity in the region. The project developent was initiated with 145MW, later, he capacity was increased from 145MW to 174MW.
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.
