The global construction market is forecasted by GlobalData to grow by 1.8% in real terms in 2024, having grown by 1.7% in 2023. 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 commercial and leisure construction projects initiated globally in Q2 2024, according to GlobalData’s construction projects database.
1. Talise Mixed-Use Community
The project involves the construction of a mixed-use community on 5,261ha of land at the intersection of I-35, U.S. Highway 83, and Texas Highway 255 in Laredo, Texas, the US.
Construction work started in Q2 2024 and is expected to be completed in Q2 2030.
2. Clayworks Mixed-Use Community Redevelopment
The project involves the construction of a 116,128m2 mixed-use community on 5ha of land in Golden, Colorado, the US.
Construction work commenced in Q2 2024 and is expected to finish in Q4 2034.
The project aims to move the CoorsTek headquarters to the site and build a mixed-use community around it.
3. Evanston Ryan Field Stadium Renovation
The project involves the construction of a 35,000 seat stadium in Evanston, Illinois, the US.
Construction work started in Q2 2024 and is forecast to complete in Q4 2026.
The project will create more than 2,900 construction jobs.
4. Catawba Two Kings Casino Resort
The project involves the construction of a 185,806m2 resort on 6.8ha of land in Kings Mountain, North Carolina, the US
Construction work commenced in Q2 2024 and is expected to be completed in Q4 2027.
5. Walmart Naranjo Store
The project involves the construction of a new retail store at Zona 4 de Mixco, El Naranjo, Peten Department, Guatemala.
Construction work started in Q2 2024 and is expected to be completed in Q4 2029.
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.
