Government Support to Uplift Construction in Colombia: Ken Research

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Government Support to Uplift Construction in
Colombia Ken Research
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"Construction in Colombia, Key Trends and
Opportunities to 2020 " is the latest report
introduced by Ken research. In this highly
revealing report, the company states the various
aspects having significant effect in the
Colombian construction industry. The report sheds
light on detailed market analysis, information,
insights and expansion prospects by market,
project type, and type of construction activity.
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• The report's chief focus is captured by the
  insights into the impact of industry trends and
  issues faced by this contemporary industry.
  Jeopardy and the profiles of the foremost
  operators in the Colombian industry are put under
  the exploration glass. The data highlights the
  largest construction projects in Colombia along
  with the pensive analysis of equipment, material
  and service costs across each project type.
• Population of this Latin American country has
  been increasing significantly at a constant rate
  since the late 2000s. The Gross domestic product
  was increasing until 2013 but saw a decline after
  wards. The annual GDP growth is predicted to take
  a leap by 2020. The positive impact of these
  figures has translated well into the construction
  industry of the country.

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In real terms, the Colombian construction
commerce registered the growth rate of 3.9 in
2015, 10.5 in 2014, 11.5 in 2013, 5.9 in 2012
and 8.2 in 2011. Added to this is the fact that
this industry will continue to expand in real
terms over the forecast period of 2016 to 2020.
 The Departamento Administrativo Nacional de
Estadistica (DANE), the country's national
administrative department of statistics disclosed
that Colombia's total area under construction
increased by 2.5, from 11.5 million meter square
in 2014 to 11.8 million meter square in 2015. The
industry's output value is anticipated to post a
forecast-period compound annual growth rate
(CAGR) of 2.82 a slowdown compared to 7.90
CAGR witnessed during the review period
(2011-2015).
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Colombia's construction sector has represented
self-motivated speed up which is reflected by the
fact that more than half of the population owns
homes. The construction sector rumbled because of
a blend of factors, including greater competition
and fewer precincts in the financial markets,
increased capital inflows, relaxed directives and
administration of financial institutions, and a
loose monetary policy. The lack of demand and the
excess supply of houses precipitated a sharp fall
in real prices. In 1998, house prices had dropped
to 1991 levels. This situation further depressed
the quality of mortgages and loan guarantees in
general, leading to a bust in the housing market
between 1997 and 2000. Infrastructure assembly in
recent years has focused on electricity projects
and urban mass-transportation systems.
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Because of fiscal constraints, the government has
promoted greater involvement of the private
sector in preserving and developing road and rail
network. The production of cement and other
non-metallic building products is closely linked
to the changes in the construction sector. In
Colombia, cement output is highly concentrated,
with three main economic groups controlling more
than 90 percent of total output. Regarding
imports and exports of construction products, the
country has exported average billions of dollars
over the past years. The import of supplies has
increased substantially in the last five years,
showing good results of economic growth.
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Government investments in infrastructure and
residential construction increased the issuance
of building permits and contributed to growth.
The country's construction industry will continue
to expand in real terms over the forecast period
mainly attributed to investments in transport
infrastructure, energy and utilities, and
reasonably priced housing projects. Additionally,
government investment in public infrastructure
and educational healthcare buildings as part of
the 2016-2020 contributed significantly.
Development Plan will support the growth.
Industry growth willbe supported by the
government's National Development Plan 2014-2018,
inhabitant's growth, urbanization, and
complimentary government policies with regards to
public-private partnership (PPPs).
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The industry is expected to be supported by
government plans to develop public
infrastructure, educational infrastructure, the
tourism and manufacturing sectors under the PIPE
2.0 commonly known by locals as "Plan de Impulso
a la Productividad y el Empleo". It intends to
invest USD 6.1 billion with the aim of
maintaining sustainable financial growth and
creating 300,000 jobs by 2018. This will provide
the much-needed push to the growth trajectory.
Modern transport infrastructure is vital for the
growth and competitiveness of Colombia's economy,
which is well identified by the government and
thus is focusing on infrastructure development.
Over the forecast period, residential property
prices are expected to remain buoyant due to a
demand for residential property and a housing
deficit.
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Key Topics Covered in the Report Colombia
construction Industry Research Report Colombia
Institutional Construction market New
Institutional projects Colombia Colombia
Construction Market Players Colombia
Infrastructure Industry Trends Colombia
Residential Construction Sector Colombia Real
Estate Industry Global construction industry
research For more coverage click on the link
below https//www.kenresearch.com/manufacturing-a
nd-construction/infrastructure/construction-colomb
ia/74572-97.html
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on-mexico/74581-97.html https//www.kenresearch.c
om/metal-mining-and-chemicals/chemicals/global-con
struction-composites-market/73199-101.html Contac
t Ken ResearchAnkur Gupta, Head Marketing
Communicationsquery_at_kenresearch.com91-124-42302
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