The global construction market is forecasted by GlobalData to grow by 1.8% in real terms in 2023, having grown by 1.7% in 2022. While the residential construction market in many countries will decline, this will be offset by high growth in the infrastructure sector, with output rising by 8.3% 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.
Driving growth in the market in 2022 and over the remainder of the decade are a potential 135 mega hydroelectric projects, costing over $100m each. Here are the largest airport infrastructure construction projects initiated globally in Q4 2023, according to GlobalData’s construction projects database.
Smarter leaders trust GlobalData
1. Fort Lauderdale-Hollywood International Airport Terminal Five
The project involves the construction of a two-story, 21,368m2 airport terminal in Fort Lauderdale, Florida, the US.
Construction work started in Q4 2023 and is expected to be completed in Q2 2026.
The project aims to provide the needed critical infrastructure required to propel Fort Lauderdale-Hollywood International Airport (FLL) forward by creating opportunities for new and existing airline partners to grow and help set the stage for future Master Plan expansion activities. Buy the profile here.
See Also:
2. IKN International Airport Development
The project involves the construction of an airport with a 3km long and 45m wide runway on 347ha of land in North Penajam Paser Regency, East Kalimantan, Indonesia.
Construction work commenced in Q4 2023 and is expected to finish in Q4 2024.
The project aims to serve specifically for state officials, state guests, and military purposes. Buy the profile here.
3. Jodhpur Airport Domestic Terminal
The project involves the construction of a 24,000m2 domestic terminal building at Jodhpur Airport in Rajasthan, India.
Construction work started in Q4 2023 and is forecast to complete in Q1 2026.
The project aims to accommodate the increasing number of passengers in the state. Buy the profile here.
4. Udaipur Airport New Terminal Building
The project involves the construction of a new terminal building at Maharana Pratap Airport in Udaipur, Rajasthan, India.
Construction work commenced in Q4 2023 and is expected to be completed in Q4 2026.
The project aims to enhance the passenger handling capacity in the airport. Buy the profile here.
5. Greater Binghamton Airport Terminal Renovation
The project involves the renovation of the Greater Binghamton Airport in Johnson City, New York, the US.
Construction work started in Q4 2023 and is expected to be completed in Q4 2025.
The project aims to provide an essential foundation that will enable local communities to grow their economies, create jobs, improve the quality of life for residents and to make the airport a welcoming space to those visiting the Southern Tier. Buy the profile here.
For more details on the latest construction projects, buy the profiles here.
Premium Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
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.
