Construction & Real Estate

With expansion of 3.34% in 2011, the construction sector looks primed for further growth, due in part to a need for new housing evidenced by the country’s housing deficit of some 2m units. The government has publicly announced a goal to build 500,000 housing units by 2016, and there are a number of opportunities for public-private partnerships in the sector. While the real estate market has tended to focus on luxurious, high-end private homes, the housing deficit means the government and developers alike are turning to low- and middle-income housing. The private sector seems poised to take on a larger role, while other segments likely to benefit from the new focus include cement and prime office space providers. This section includes interviews with Mario Alvarado Pflucker, CEO, Graña y Montero; and Jorge Barata, Superintendent, Odebrecht.