DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/8sbbhp/construction) has announced the addition of the "Construction Market in Brazil 2015-2019" report to their offering.
The analysts forecast the Construction Market in Brazil to grow at a CAGR of 11.24% during the period 2014-2019
Brazil's economic growth has set an example for many emerging nations not just in Latin America but also worldwide. Brazil's growing economy had a further boost with the hosting of FIFA World Cup 2014. Construction is the sector that has taken the best advantage of the investments made in the run up to the event. For a country whose quality of infrastructure is not on par with the other BRIC nations, investment in construction is inevitable. Driven by the participation from both public and private sectors, Brazil's construction market is up for a long haul. Brazil's hosting the mega event- Summer Olympics 2016- is only expected to further strengthen the country's construction market.
Increase in government incentives for infrastructure companies is a significant trend in the Construction market in Brazil. The government of Brazil grants incentives to companies interested in investing in the Construction market at the municipal, state, and federal levels.
According to the report, the upcoming Summer Olympic Games 2016 is one of the key factors driving this market. Large-scale construction projects are on the rise in the country including highways, subways, integrated sports complexes, sports stadiums, and airports.
Further, the report states that one major challenge that this market faces is the tedious company incorporation process in Brazil. Long bureaucratic processes and the need to obtain multiple permits are a concern for foreign investors willing to set up businesses in Brazil.
- Andrade Gutierrez
- Camargo Correa Construtora
- Construtora OAS
- Queiroz Galvao Group
For more information visit http://www.researchandmarkets.com/research/8sbbhp/construction