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Construction materials in Bogota

Bogota and Cundinamarca concentrate 34% (10.5 million sq. meters) of the area currently under construction nationwide. Housing and corporate infrastructure (offices, warehouses and trade) are the main segments for new investment opportunities in the construction sector.

 

A diverse industry with many business opportunities

It is estimated that by 2021 the demand for construction materials will be around COP$34 trillion, with a compound annual growing rate (CAGR) of 5.8% between 2011 and 2021.

In 10 years (2005-2015), the footprint of this industry tripled in Colombia, reaching a production close to COP$20.3 trillion and sales around COP$27.45 trillion in 2015.

 

What Are Investors Saying?

 

 

Major segments of construction materials industry in Colombia

 

 

Construction industry in Colombia

  • With a CAGR of 4.9% between 2017-2021, the Colombian construction sector is one of the most dynamic in Latin America. It is estimated that by 2021 it will reach sales of more than COP$129 trillion.
  • Construction industry, with a size of COP$77.5 trillion (2015), is one of the branches of the economy with the highest share of Colombia’s GDP, with a contribution of 9.7%.
  • Construction sector in Colombia has two main elements: Residential and non-residential construction and infrastructure construction, which represent approximately COP$41.16 trillion (53.1%) and COP$36.36 trillion (46.9%) respectively, in size.

Source: Business Monitor International

 

Major infrastructure projects in Colombia

  • 4G concessions: 30 road projects with an investment close to COP$47 trillion to be invested in the construction of 8,170 km of highways.
  • Investment in seaports, railway concessions, airports and improving the navigability of the Magdalena River.

 

Major infrastructure projects in Bogota

  • Bogota Metro
  • El Dorado 2 airport
  • CAN City
  • 6 highly-complex hospitals
  • Bavaria Triangle
  • Fenicia Triangle
  • 30 new schools
  • Ciudad Río (River City)

 

Bogota’s labor force readiness and quality

  • With a workforce of more than 4.6 million people, and more than 117 higher education institutions, Bogota can guarantee the availability and quality of its human resources.
  • Each year, around 127 thousand students graduate in the city (professionals, technical and technicians).

 

If you require greater detail, please contact any of the Investment Officers in charge.

 

 

Updated (mm/dd/yyyy): 09.28.2017