Peru Construction Articles & Analysis

Chapter | Construction & Real Estate from The Report: Peru 2019

Increased investment in infrastructure projects – such as those in mining, the $1.5bn extension of the Jorge Chavez International Airport, the increased supply of social housing and infrastructure development around the 2019 Pan American Games – are set to propel the construction sector. Investors are optimistic given the large portfolio of public projects, but authorities should be sensitive...

Peru has seen relatively stable economic growth and significantly reduced the number of people living in poverty. Still, there have been multiple cases of corruption, but the government of President Martín Vizcarra Cornejo, who took office in 2018, has focused efforts on combatting this and stabilising the political climate. Nevertheless, challenges to ensuring sustainable development remain.

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What are some of the challenges Peru faces in securing sufficient investment for infrastructure?

 

Urbanisation is a mega-trend redefining contemporary life in both developed and emerging markets across the globe. This mass rural-to-urban movement of people and expansion of cities to absorb formerly isolated villages is a relatively recent phenomenon, at least in the developing world. According to the UN, in 1950 only 751m people lived in...

 

Construction will be the biggest driver of GDP growth in Peru in 2019, according to the Lima Chamber of Commerce, with the sector expected to grow by 6.7% over the year. Increased investment in infrastructure projects, such as those in mining and the $1.5bn extension of the Jorge Chávez International Airport in Callao, will propel expansion...

 

After a slow 2017, growth in Peru’s real estate sector picked up in 2018 due to social housing development, attractive mortgages, expansion in the warehousing and retail segments, and improvements in office space absorption rates. Investor sentiment is also picking up: according to the 2019 GRI Barometer Survey of regional real estate leaders...

 

From 206 BCE to 220 CE, China’s Han dynasty fostered a booming trade industry for silk, a precious commodity in high demand among the elites of the Mediterranean. The Silk Road was the name given to the network of trade routes connecting the East and West at the time. Later, spices and other precious cargo would be traded using the system,...

 

President Martín Vizcarra Cornejo pledged renewed infrastructure investment to drive economic growth and restore investor confidence. As such, the authorities are working to increase infrastructure spending from 4.5% of GDP in 2016 to 6% by 2021, with much of the momentum originating from the National Infrastructure Plan (Plan Nacional de...