Construction in the Netherlands - Key Trends and Opportunities to 2019 - New Report Available

From: Fast Market Research, Inc.
Published: Thu Aug 20 2015

In real terms, the Dutch construction industry's output registered a review-period (2010-2014) compound annual growth rate (CAGR) of -1.42%.

The decline was mainly due to a large budget deficit, weak business confidence and consumer demand, high unemployment and depressed economic conditions in the eurozone, which affected demand for construction activity during the review period (2010-2014).

The industry is expected to register positive growth over the forecast period (2015-2019), due to government and private sector investments in the energy and utilities, infrastructure, commercial and residential construction markets.

Full Report Details at

Report Highlights

* Due to its location in Europe and its well-developed transport infrastructure, the Netherlands is a leading logistics location. The government plans to invest in transport facilities to retain this leading position. In 2012, Schiphol Group announced plans to invest EUR1.0 billion (US$1.3 billion) to expand Amsterdam Airport Schiphol by 2017. The European Investment Bank will offer financial support, and has agreed to an investment of EUR200.0 million (US$265.2 million). In 2014, the Schiphol Group announced its plans to expand Lelystad airport.
* The Dutch government is encouraging private companies to invest in renewable energy, in order to generate 16.0% of its total electricity needs through renewable sources by 2023. Accordingly, a 600MW Gemini offshore wind farm project is to be developed in the North Sea, 85km from Groningen. The Gemini consortium is 60.0% owned by Canadian firm Northland Power, while Siemens Financial Services owns 20.0%, the Dutch offshore engineering firm Van Oord holds a 10.0% stake, and HVC, a joint venture of over 50 Dutch municipalities and water authorities, holds the remaining 10.0%. The government is also focusing on innovative projects to meet the country's renewable energy targets. For example, in June 2015, Tocardo Tidal Turbines announced plans to install the world's largest tidal energy project. The 1.2MW project comprises five tidal turbines in the Oosterschelde barrier in Zeeland.
* A total of 30 hotels with a capacity of more than 6,500 rooms are being constructed to accommodate the growing number of tourists. German group Maritim Hotels has announced plans to build Amsterdam's tallest hotel, with 34 floors, scheduled to open in 2018. In 2014, Portuguese hotel chain Group Pestana announced plans to construct Pestana Amsterdam. The project will comprise 157 rooms and 32 suites, and is scheduled for completion in 2016.

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