Argentina Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2030 (Q1 2026)

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The construction industry in Argentina is expected to expand by 5.5% in real terms in 2026, supported by an increase in building permits issued, coupled with investments in the transport infrastructure projects. According to the National Institute of Statistics and Censuses (INDEC), the total area authorized for building permits by 246 municipalities grew by 5.4% year on year (YoY) in the first ten months of 2025. In late December 2025, Argentina’s Senate approved President Javier Milei’s 2026 Budget, marking the first time for his administration to successfully passed a budget through Congress. Key policies under the 2026 Budget include reducing subsidies, particularly in energy and transport, targeting assistance to lower-income groups. In mid-September 2025, President Javier Milei's government sent the Argentina’s National Public Investment Plan (PNIP) 2026–28 for approval in the Argentine Congress. The plan was subsequently approved by Congress in late December 2025, along with the 2026 National Budget. PNIP 2026–28 lays out a highly targeted and fiscally restrained approach to public investment, fully aligned with the Milei administration’s commitment to fiscal balance and zero deficit. In terms of sectoral allocation, investment is highly concentrated across energy, fuels and mining sectors (about 23% of total allocations).

The industry is expected to register an annual average growth rate of 4.7% between 2027 and 2030, supported by investments in oil and gas infrastructure projects, coupled with the government’s aim to achieve net zero emissions by 2050. Moreover, under the National Hydrogen Strategy (ENH), the government plans to invest ARS165.3 trillion ($90 billion) to produce at least five million tons (Mt) of low-emission hydrogen per year by 2050. The strategy focuses on constructing hydrogen production hubs, improve road corridors, and ports to increase connectivity between hydrogen hubs and Argentina’s network of universities and local technological centres by 2050. In November 2025, OpenAI and Sur Energy announced a monumental ARS59.3 billion ($25 billion) investment initiative across the country, capitalizing on the strengthened Milei-Trump relationship to unlock unprecedented economic opportunities. This transformative project-likely centered on cutting-edge AI data centers in partnership with global tech giants like OpenAI and local energy firms such as Sur Energy under the RIGI incentive regime-positions Argentina as Latin America’s emerging tech hub, featuring massive 500MW facilities for next-generation computing amid Vaca Muerta’s energy surge.

GlobalData’s Construction in Argentina – Key Trends and Opportunities to 2030 (Q1 2026) report provides detailed market analysis, information, and insights into Argentina's construction industry, including:_x000D_
• Argentina's construction industry's growth prospects by market, project type and construction activity_x000D_
• Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Argentina's construction industry_x000D_
• Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope

This report provides a comprehensive analysis of the construction industry in Argentina. It provides:

• Historical (2021–2025) and forecast (2026–2030) valuations of the construction industry in Argentina, featuring details of key growth drivers.

• Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector

• Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.

• Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy

Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies_x000D_

Assess market growth potential at a micro-level with over 600 time-series data forecasts_x000D_

Understand the latest industry and market trends_x000D_

Formulate and validate business strategies using GlobalData's critical and actionable insight_x000D_

Assess business risks, including cost, regulatory and competitive pressures_x000D_

Evaluate competitive risk and success factors

Table of Contents

1 Executive Summary

2 Construction Industry: At-a-Glance

3 Context

3.1 Economic Performance

3.2 Political Environment and Policy

3.3 Demographics

3.4 Risk Profile

4 Construction Outlook

4.1 All Construction

– Outlook

– Latest news and developments

– Construction Projects Momentum Index

4.2 Commercial Construction

– Outlook

– Project analytics

– Latest news and developments

4.3 Industrial Construction

– Outlook

– Project analytics

– Latest news and developments

4.4 Infrastructure Construction

– Outlook

– Project analytics

– Latest news and developments

4.5 Energy and Utilities Construction

– Outlook

– Project analytics

– Latest news and developments

4.6 Institutional Construction

– Outlook

– Project analytics

– Latest news and developments

4.7 Residential Construction

– Outlook

– Project analytics

– Latest news and developments

5 Key Industry Participants

5.1 Contractors

5.2 Consultants

6 Construction Market Data

7 Appendix

7.1 What is this Report About?

7.2 Definitions

7.3 CRI Methodology

About GlobalData

Contact Us

Table

Table 1: Construction Industry Key Data

Table 2: Argentina, Key Economic Indicators

Table 3: Argentina, Construction Input Index (2004=100, % Change YoY)

Table 4: Argentina, Commercial Construction Output by Project Type (Real % Change), 2021–30

Table 5: Argentina, Top Commercial Construction Projects by Value

Table 6: Argentina, Industrial Construction Output by Project Type (Real % Change), 2021–30

Table 7: Argentina, Top Industrial Construction Projects by Value

Table 8: Argentina, Infrastructure Construction Output by Project Type (Real % Change), 2021–30

Table 9: Argentina, Top Infrastructure Construction Projects by Value

Table 10: Argentina, Energy and Utilities Construction Output by Project Type (Real % Change), 2021–30

Table 11: Argentina, Top Energy and Utilities Construction Projects by Value

Table 12: Argentina, Institutional Construction Output by Project Type (Real % Change), 2021–30

Table 13: Argentina, Top Institutional Construction Projects by Value

Table 14: Argentina, Residential Construction Output by Project Type (Real % Change), 2021–30

Table 15: Argentina, Top Residential Construction Projects by Value

Table 16: Argentina, Key Contractors

Table 17: Argentina, Key Consultants

Table 18: Argentina Construction Output Value (Real, $ Million)

Table 19: Argentina Construction Output Value (Nominal, ARS Billion)

Table 20: GlobalData Construction Market Definitions

Table 21: GlobalData Construction Market Definitions

Table 22: Ratings, Scores and Definitions

Figures

Figure 1: Latin America, Construction Output (Real % Change), 2024–30

Figure 2: Argentina, Construction Output by Sector (Real % Change), 2024–26 and 2027–30

Figure 3: Argentina, Risk Summary

Figure 4: Argentina, Risk Regional Comparison

Figure 5: Argentina, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2021–30

Figure 6: Argentina, Construction Output Value, by Sector (Real, $ Million), 2021–30

Figure 7: Argentina, Construction Value-add (ARS Million, 2004 Constant Prices)

Figure 8: Argentina, Synthetic Indicator of Construction Activity (2004=100)

Figure 9: Argentina, Total Area Authorized for Building Permits (In thousand m2)

Figure 10: Argentina, Gross Fixed Capital Formation, in ARS Million

Figure 11: Argentina, Number of Workers Registered in the Construction Industry

Figure 12: Argentina, Construction Input Index for Portland Cement (2004=100)

Figure 13: Argentina, Construction Cost Index in Greater Buenos Aires (2022=100)

Figure 14: Argentina, Construction Projects Momentum Index

Figure 15: Latin America, Construction Projects Momentum Index

Figure 16: Argentina, Commercial Construction Output by Project Type (Real, $ Million), 2021–30

Figure 17: Argentina, Commercial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 18: Argentina, Total Foreign Tourist Arrivals (In Thousands)

Figure 19: Argentina, Wholesale and Retail Value-add (ARS Million, 2004 Constant Prices)

Figure 20: Argentina, Hotels and Restaurants Value-add (ARS Million, 2004 Constant Prices)

Figure 21: Argentina, Total Retail Sales (ARS Million, December 2016 Constant Prices)

Figure 22: Argentina, Industrial Construction Output by Project Type (Real, $ Million), 2021–30

Figure 23: Argentina, Industrial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 24: Argentina, Manufacturing Industry Value-add (ARS Million, 2004 Constant Prices)

Figure 25: Argentina, Manufacturing Production Index (2004=100)

Figure 26: Argentina, Total Export Value ($ Million)

Figure 27: Argentina, Production and Exports of Automobiles and Light Commercial Vehicles (In Units)

Figure 28: Argentina, Infrastructure Construction Output by Project Type (Real, $ Million), 2021–30

Figure 29: Argentina, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)

Figure 30: Argentina, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2021–30

Figure 31: Argentina, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)

Figure 32: Argentina, Electricity, Gas, and Water Sector Value-add (ARS Million, 2004 Constant Prices)

Figure 33: Argentina, Net Electricity Generation (GWh)

Figure 34: Argentina, Institutional Construction Output by Project Type (Real, $ Million), 2021–30

Figure 35: Argentina, Institutional Construction Projects Pipeline, Value by Stage ($ Million)

Figure 36: Argentina, Education Value-add (ARS Million, 2004 Constant Prices)

Figure 37: Argentina, Social and Health Services Value-add (ARS Million, 2004 Constant Prices)

Figure 38: Argentina, Residential Construction Output by Project Type (Real, $ Million), 2021–30

Figure 39: Argentina, Residential Construction Projects Pipeline, Value by Stage ($ Million)

Figure 40: Argentina, Real Estate, Business, and Rental Activities Value-add (ARS Million, 2004 Constant Prices)

Figure 41: Argentina, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 42: Argentina, Headquarters of Key Consultants (% of Total Project Pipeline)

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