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Latin American construction industry to benefit from sporting events
November 18, 2011
By wmi
The 2014 FIFA World Cup and 2016 Olympic Games being held in Brazil are expected to drive growth in the Latin American construction industry.
The industry is expected to register growth with a CAGR of 8.79% to 2015. The growth is primarily expected in the infrastructure sector, where all six sub-divisions are expected to register CAGRs between 9-11%. The huge tourist inflows expected during these events is expected to force the governments to increase spending on improvement of infrastructure.
Other sectors like residential construction are also expected to perk up, owing to the general rise in the economy due to which demand for housing is expected to outstrip supply. In case of industrial construction, the continuous discoveries of rich mineral deposits is expected to help the field grow at a higher rate.
All these and many more facts and figures in addition to an in-depth analysis can be found in the report The Future of Construction in Latin American to 2015: Industry Growth Driven by 2014 FIFA World Cup and 2016 Olympics published by World Market Intelligence (WMI).
To access the complete report, please visit our premium subscription Construction Intelligence Center product www.worldmarketintelligence.com/ic/construction
Posted by wmi on November 18, 2011 5:18 AM
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