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*)
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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)
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