Fuelled by Peru’s economic performance, the construction sector continues to see expansion at several levels. Mechanisms to attract private investments into infrastructure revamping are bringing essential facilities, such as ports and airports, up to standard. The utilities and energy sectors are seeing increased attention, which is needed to support urban expansion and...
As the country strives to resolve a pending housing deficit, the stable growth of the economy is prompting a new dynamism in the higher segments of the market. This is supporting continued sales of new homes, as well as efforts by builders and promoters to continue to satisfy demand. But challenges remain, with rising land prices encouraging a greater concentration of...
As with several countries in the region, Peru has been channelling the proceeds of its economic performance into the development of infrastructure. Through its public-private partnership (PPP) model, strategic infrastructure such as airports, port and roads has been on the receiving end of private financing and programmes aimed at enhancing managerial skills to improve...
A combination of government incentives, in addition to strong fundamentals, are expected to continue having an impact on the building industry in a positive way. Despite the strong growth registered over the past few years, however, the challenge of reducing the number of Peruvians that lack appropriate housing remains. According to figures from the Ministry of Housing,...
At a time when miners around the world are pulling back capital expenditures, which is in turn limiting production growth, investment is pouring into Peru and fuelling what may become a copper boom. Several large-scale copper projects – often called megaproyectos in Peru – are due to begin production between 2015 and 2017. These projects have the...
The growth of the mining sector, driven by a sharp rise in commodity prices, spurred Peru’s economy to the fastest sustained growth rate in Latin America during much of the past decade. The sector drew in billions of dollars in investment and drove the emergence of a new middle class with levels of disposable income that had never been achieved in Peru.
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