The country's construction industry will continue to expand in real terms over the forecast period (2016-2020) due to investments in transport infrastructure, energy and utilities, and affordable housing projects.

1. Government Support to Uplift Construction
in Colombia: Ken Research

2. "Construction in Colombia, Key Trends and Opportunities to
2020 " is the latest report introduced by Ken research. In this
highly revealing report, the company states the various
aspects having significant effect in the Colombian construction
industry. The report sheds light on detailed market analysis,
information, insights and expansion prospects by market,
project type, and type of construction activity.

3. The report's chief focus is captured by the insights into the
impact of industry trends and issues faced by this contemporary
industry. Jeopardy and the profiles of the foremost operators in
the Colombian industry are put under the exploration glass. The
data highlights the largest construction projects in Colombia
along with the pensive analysis of equipment, material and
service costs across each project type.
Population of this Latin American country has been increasing
significantly at a constant rate since the late 2000s. The Gross
domestic product was increasing until 2013 but saw a decline
after wards. The annual GDP growth is predicted to take a leap
by 2020. The positive impact of these figures has translated well
into the construction industry of the country.

4. In real terms, the Colombian construction commerce
registered the growth rate of 3.9% in 2015, 10.5% in 2014,
11.5% in 2013, 5.9% in 2012 and 8.2% in 2011. Added to this
is the fact that this industry will continue to expand in real
terms over the forecast period of 2016 to 2020. The
Departamento Administrativo Nacional de Estadistica (DANE),
the country's national administrative department of statistics
disclosed that Colombia's total area under construction
increased by 2.5%, from 11.5 million meter square in 2014 to
11.8 million meter square in 2015. The industry's output
value is anticipated to post a forecast-period compound
annual growth rate (CAGR) of 2.82%; a slowdown compared
to 7.90% CAGR witnessed during the review period (2011-
2015).

5. Colombia's construction sector has represented self-
motivated speed up which is reflected by the fact that more
than half of the population owns homes. The construction
sector rumbled because of a blend of factors, including
greater competition and fewer precincts in the financial
markets, increased capital inflows, relaxed directives and
administration of financial institutions, and a loose monetary
policy. The lack of demand and the excess supply of houses
precipitated a sharp fall in real prices. In 1998, house prices
had dropped to 1991 levels. This situation further depressed
the quality of mortgages and loan guarantees in general,
leading to a bust in the housing market between 1997 and
2000. Infrastructure assembly in recent years has focused on
electricity projects and urban mass-transportation systems.

6. Because of fiscal constraints, the government has promoted
greater involvement of the private sector in preserving and
developing road and rail network. The production of cement
and other non-metallic building products is closely linked to
the changes in the construction sector. In Colombia, cement
output is highly concentrated, with three main economic
groups controlling more than 90 percent of total output.
Regarding imports and exports of construction products, the
country has exported average billions of dollars over the
past years. The import of supplies has increased
substantially in the last five years, showing good results of
economic growth.

7. Government investments in infrastructure and residential
construction increased the issuance of building permits and
contributed to growth. The country's construction industry
will continue to expand in real terms over the forecast
period mainly attributed to investments in transport
infrastructure, energy and utilities, and reasonably priced
housing projects. Additionally, government investment in
public infrastructure and educational healthcare buildings as
part of the 2016-2020 contributed significantly.
Development Plan will support the growth. Industry growth
willbe supported by the government's National
Development Plan 2014-2018, inhabitant's growth,
urbanization, and complimentary government policies with
regards to public-private partnership (PPPs).

8. The industry is expected to be supported by government plans
to develop public infrastructure, educational infrastructure, the
tourism and manufacturing sectors under the PIPE 2.0 commonly
known by locals as "Plan de Impulso a la Productividad y el
Empleo". It intends to invest USD 6.1 billion with the aim of
maintaining sustainable financial growth and creating 300,000
jobs by 2018. This will provide the much-needed push to the
growth trajectory. Modern transport infrastructure is vital for the
growth and competitiveness of Colombia's economy, which is
well identified by the government and thus is focusing on
infrastructure development.
Over the forecast period, residential property prices are
expected to remain buoyant due to a demand for residential
property and a housing deficit.

9. Key Topics Covered in the Report
Colombia construction Industry Research Report
Colombia Institutional Construction market
New Institutional projects Colombia
Colombia Construction Market Players
Colombia Infrastructure Industry Trends
Colombia Residential Construction Sector
Colombia Real Estate Industry
Global construction industry research
For more coverage click on the link below:
https://www.kenresearch.com/manufacturing-and-
construction/infrastructure/construction-colombia/74572-
97.html

10. Related links:
https://www.kenresearch.com/manufacturing-and-
construction/infrastructure/construction-mexico/74581-
97.html
https://www.kenresearch.com/metal-mining-and-
chemicals/chemicals/global-construction-composites-
market/73199-101.html
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com
+91-124-4230204