Construction was one of the sectors most affected by the deep economic recession in Brazil. The construction activity has been declining since 2014, due to the ailing economy, high inflation, restricted credit supply, low government spending and several corruption investigations involving major construction companies. This has led to postponed projects and mounting financial, liquidity and reputational problems for incumbent players, including bans on participating in public contracts, thus unleashing a profound restructuring process. Yet, with the uptick in the economic activity since 2017, the first signs of recovery in the residential property market, coupled with the active government measures to improve transparency in public biddings and make infrastructure concessions more attractive for private investors, the sector is expected to return to growth in 2018.

01 EXECUTIVE SUMMARY

02 SECTOR FORECAST

03 SECTOR IN FOCUS

04 COMPETITIVE LANDSCAPE

05 COMPANIES IN FOCUS

06 REGULATORY ENVIRONMENT

07 BUILDING CONSTRUCTION

08 INFRASTRUCTURE CONSTRUCTION