Uruguay's Construction Industry Set for Growth with Hydrogen Initiatives
Key Ideas
- Uruguay's construction industry is projected to grow by 3.7% in 2025 after a slight dip in 2024, driven by robust regulations, investments in water, transport, and solar energy.
- The sector is expected to achieve an average annual growth rate of 3.6% through 2029, supported by hydrogen initiatives and a substantial USD 8.9 billion project pipeline.
- The government's focus on green hydrogen and derivatives aims to attract significant investments, with a plan to invest UYU746.4 billion ($18 billion) by 2040.
- Major projects in the pipeline include Green Hydrogen and Power Plant Development in Paysandu and a Modern City Development in Colonia, indicating a positive outlook for the industry.
Uruguay's construction industry is poised for growth, with a projected 3.7% expansion in 2025 following a minor decline in the previous year. The sector's resilience is attributed to robust regulations, investments in key areas like water, transportation, and solar energy. Over the period from 2026 to 2029, the industry is expected to maintain a steady average annual growth rate of 3.6%, driven by initiatives in hydrogen and a substantial project pipeline amounting to USD 8.9 billion.
A significant driver of growth is Uruguay's emphasis on green hydrogen and derivatives, with plans to attract UYU746.4 billion ($18 billion) in investments by 2040. The country's commitment to sustainable energy is evident in projects like the Green Hydrogen and Power Plant Development in Paysandu, with a planned investment of UYU165.9 billion ($4 billion), and the Modern City Development in Colonia, with an investment of UYU82.9 billion ($2 billion).
Additionally, the focus on infrastructure projects such as the Canelones Data Center Development and sanitation projects nationwide further underpins the industry's positive trajectory. The market analysis report provides insights into the historical and forecasted valuations of Uruguay's construction industry, detailed segmentation by sectors, analysis of the mega-project pipeline, and information on major projects and key stakeholders, highlighting a promising outlook for the sector.
Topics
Projects
Sustainable Energy
Market Analysis
Recovery
Construction Industry
Project Pipeline
Infrastructure Investments
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