Near non-existent private investment in construction will contribute to the continued collapse of the construction industry value in 2019 and restrict growth in the following years. Private investment has declined sharply in recent years as a result of high political and economic uncertainty, materials shortages due to falling domestic production and severe import restrictions, as well as frequent government intervention in the economy which has soured private investor confidence. Bank lending for construction projects has also fallen sharply due to hyperinflation and a lack of profitable projects for willing lenders as a result of the country’s economic situation (see ‘Banking Sector: Venezuela's Banks Showing Few Signs Of Life’, November 30 2018).

Key View

SWOT

Industry Forecast

Industry Risk/Reward Index

Competitive Landscape

Infrastructure Methodology