Uruguay Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H1 2025)
Summary
Following a marginal decline of 0.8% in real terms in 2024, GlobalData expects Uruguay’s construction industry to expand by 3.7% in 2025; a feat underscored by robust institutions, developed regulatory frameworks, and labor intensive construction practices. Growth will be supported by investment in water and transportation infrastructure projects, increased tourism activity, and governments plan to add 200MW of solar energy and achieve 400GWh of electricity production annually by 2025.
Furthermore, over the remainder of the forecast period, the construction industry is expected to register an annual average growth rate of 3.6% in real terms, between 2026 and 2029, supported by investments in hydrogen industries, coupled with investment in transport and water infrastructure projects. Growth over the forecast period is also supported by Uruguay’s green hydrogen and derivatives roadmap; under which, the government aim to attract UYU746.4 billion ($18 billion) investment by 2040. According to GlobalData project pipeline, Uruguay had a total of UYU369.1 billion ($8.9 billion) of construction projects in the pipeline as of May 2025. Major projects include Green Hydrogen and Power Plant Development in Paysandu, expected to start in Q3 2025 and end by Q4 2027 with an investment of UYU165.9 billion ($4 billion); a Modern City Development in Colonia, started in Q2 2025 and expected to end by Q4 2033 with an investment of UYU82.9 billion ($2 billion); and the Canelones Data Center Development in Canelones, started in Q3 2024 and expected to end by Q4 2026, with an investment of UYU35.2 billion ($850 million). Furthermore, in 2024, the government announced an investment of UYU20.7 billion ($500 million) for the development of sanitation projects nationwide by 2028
GlobalData’s Construction in Uruguay - Country Briefing (H1 2025) report provides detailed market analysis, information, and insights into Uruguay’s construction industry, including -
- Uruguay’s construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Uruguay’s construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
This report provides a comprehensive analysis of the construction industry in Uruguay. It provides -
- Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Uruguay, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
- Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
- Assess market growth potential at a micro-level with over 600 time-series data forecasts
- Understand the latest industry and market trends
- Formulate and validate business strategies using GlobalData's critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
- 1 Executive Summary
- 2 Construction Industry: At-a-Glance
- 3 Latest news and developments
- 4 Project analytics
- 5 Construction Market Data
- 6 Risk Profile
- 7 Appendix
- 7.1 Definitions
- 7.2 CRI Methodology
- 7.3 About GlobalData
- 8 Contact Us
- List of Tables
- Table 1: Construction Industry Key Data
- Table 2: Uruguay, Top Construction Projects by Value
- Table 3: Uruguay, Construction Output Value (Real, $ Million)
- Table 4: Uruguay, Construction Output Value (Nominal, UYU Million)
- Table 5: GlobalData Construction Market Definitions
- Table 6: Risk Dimensions
- Table 7: Ratings, Scores and Definitions
- List of Figures
- Figure 1: Uruguay, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019–28
- Figure 2: Uruguay, Construction Output Value, by Sector (Real, $ Million), 2019–28
- Figure 3: Latin America, Construction Output (Real % Change), 2022–28
- Figure 4: Uruguay, Construction Output by Sector (Real % Change), 2022–24 and 2025–28
- Figure 5: Uruguay, Construction Value-add, Constant 2016 Prices, (UYU Million)
- Figure 6: Uruguay, Housing Construction Cost Index, Base June 2023 = 100
- Figure 7: Uruguay, Health, Education, Real Estate Activities Value-add, Constant 2016 Prices (UYU Million)
- Figure 8: Uruguay, Export Price Index, (Average Base 2005=100)
- Figure 9: Uruguay, Electric Power, Gas and Water Value-add, Constant 2016 Prices, (UYU Million)
- Figure 10: Uruguay, Commerce, Accommodation and Supply of Food and Beverages Value-add, Constant 2016 Prices (UYU Million)
- Figure 11: Uruguay, Public Administration Activities Value-add, Constant 2016 Prices (UYU Million)
- Figure 12: Uruguay, Manufacturing Industry’s Physical Volume Index (2018=100)
- Figure 13: Uruguay, Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 14: Uruguay, Risk Summary
- Figure 15: Uruguay, Risk Regional Comparison
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