Construction materials

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 growth 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.
 

Demand for construction materials in Colombia (2010 - 2020*)

What are investors saying?

Major segments of construction materials industry in Colombia

The 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.

The 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.

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 157 thousand students graduate in the city (professionals, technical and technicians).

Major infrastructure 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)

Know more about the Infrastructure sector in Bogota

If you need more detailed information, find in the lower part the information of our investment officers in charge of this sector.

Updated (mm/dd/yyyy): 07/3/2018