According to GlobalData, the value of Brazil construction market is forecast to grow by 2.7% in real terms in 2024, having grown by 7.4% in 2023. A key growth market will be the infrastructure market, with output rising by 3.7% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market,
Here are the top five commercial and leisure construction projects that commenced in Brazil in Q3 2024, according to GlobalData鈥檚 construction projects database.
1. Gramado Hard Rock Hotel
The project involves the construction of the Gramado Hard Rock Hotel on 1.43ha are in Rio Grande do Sul.
Construction work started in Q3 2024 and is expected to be completed in Q4 2027.
The project aims to enhance tourism and stimulate economic growth within the region.
2. Santana de Parnaiba SP6 Data Center
The project involves the construction of a data center in Santana de Parna铆ba, S茫o Paulo.
Construction work commenced in Q3 2024 and is expected to finish in Q1 2026.
3. Costa do Sauipe Hot Park Baia das Tartarugas Water Park Complex
The project involves the construction of a water park complex named Hot Park Ba铆a das Tartarugas on a 10ha area of land in Sau铆pe District, Bahia state.
Construction work started in Q3 2024 and is forecast to complete in Q4 2027.
4. Fortaleza Moda Commercial Center
The project involves the construction of the Fortaleza Moda Commercial Center at Messejana in Fortaleza, Cear谩.
The $50 million project includes the following:
Construction work commenced in Q3 2024 and is expected to be completed in Q4 2026.
5. Angonap Data Center Expansion
The project involves the expansion of the data center with a capacity of 5MW at Praia do Futuro in Fortaleza, Ceara.
Construction work started in Q3 2024 and is expected to be completed in Q4 2026.
The developer has a plan to expand the data center in five phases, in which each phase will add a new floor to the datacenter.
For more details on the latest construction projects,
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