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Construction and Real Estate
SECTOR WITH A FUTURE
The construction sector experienced close to 7% growth in 2023 in real terms (excluding the construction of the UPM pulp mill and ...
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SECTOR WITH A FUTURE
- The construction sector experienced close to 7% growth in 2023 in real terms (excluding the construction of the UPM pulp mill and the Central Railway construction work).
- In 2023, housing sales in Uruguay remained relatively stable with respect to 2022, after showing significant increases during 2021 and 2022.
- 2023 registered a high number of projects promoted by Law No. 18,795. A total of 185 projects were approved, comprising the construction of more than 4,700 housing units throughout the country.
- According to the five-year infrastructure plan, between 2023 and 2024 Uruguay plans to invest close to USD 5.3 billion in infrastructure projects nationwide.
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