Market Report, "Construction in Argentina - Key Trends and Opportunities to 2019", published

From: Fast Market Research, Inc.
Published: Fri Dec 04 2015

Timetric's Construction in Argentina - Key Trends and Opportunities to 2019 report provides detailed market analysis, information and insights into the Argentine construction industry including:

* The Argentine construction industry's growth prospects by market, project type and type of construction activity
* Analysis of equipment, material and service costs across each project type within Argentina
* Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Argentine construction industry
* Profiles of the leading operators in the Argentine construction industry
* Data highlights of the largest construction projects in Argentina

Full Report Details at

Report Highlights

* Currency devaluation and high inflation are the two large economic concerns in Argentina, and have impacted its growth prospects. According to the Instituto Nacional de Estadistica y Censos (INDEC), the country recorded average annual inflation of 16.1% in January-September 2015. The country's official inflation rate was 24.0% in 2014, whereas the unofficial figure was close to 40.0%. Rising prices reduced the consumer purchasing power, demand, and business and consumer confidence. A weakened currency was also a factor driving inflation. The Argentine peso depreciated against the US dollar by nearly 23.0% in 2014, making imported products much more expensive.
* The Argentine construction industry is expected to be supported by funding from China to help develop the country's infrastructure. In order to finance construction projects in Argentina, China signed a loan agreement worth ARS60.6 billion (US$7.5 billion) with Argentina in 2014.
* In 2014, Argentina signed a contract with Chile to construct a 13.9km trans-Andean Agua Negra tunnel. The project will provide a link between the province of San Juan in Argentina and Chile's Coquimbo region, and will reduce the cross border path by 44km. The total investment for the project is estimated at ARS11.1 billion (US$1.4 billion).
* In order to produce clean and cheap energy to meet rising demand for electricity, the government is focused on developing nuclear energy sources, which will boost the country's construction industry and economy. Accordingly, to enhance the country's energy infrastructure, the government is seeking help from foreign investors. To help the government meet its targets, in February 2015 the Chinese government signed an agreement with the Argentine government for the construction of two nuclear power projects in the country.

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