The analyst expects Chile’s construction industry to grow by 2.5% in real terms in 2025, supported by investments in transport infrastructure and the mining sector. According to the Banco Central de Chile, the Monthly Economic Activity Index (IMACEC) in average terms grew by 2.6% year-on-year (YoY) in the first five months of 2025. In terms of segmentation, mining activities grew by 3.4% YoY, while non-mining activities grew by 2.5% YoY over the same period. Additionally, in May 2025, Chile's Environmental Assessment Service (SEA) approved 34 projects worth CLP4.4 trillion ($4.9 billion). This includes the new Line 9 of the Santiago Metro, including 19 stations estimated at CLP1.8 trillion ($1.9 billion). Other projects include mining and energy projects valued at CLP1.1 trillion ($1.2 billion) each, and real estate projects totalling CLP404.6 billion ($444 million).
In the longer term, Chile’s construction industry is expected to grow at an annual average growth rate of 4.5% between 2026 and 2029, supported by investment in infrastructure, housing and institutional construction projects; coupled with the government targets to produce 70% of the country’s electricity by renewable sources by 2030 and become carbon neutral by 2050. In line with this, in May 2025, Uriel Renovables, a Spanish energy company, announced a CLP410 billion ($450 million) investment to build four solar parks totaling 420MWp in the Valparaíso region. Construction of the first plant will begin in early 2026, with operation slated for Q1 2027. In the same month, RWE Chile, a local energy company, announced the Las Fresias Wind Farm project in Ñuble region, with a 310MW capacity, estimated at CLP455.6 billion ($500 million). Construction is expected to begin in April 2027, with a planned construction duration of 18 months
In the longer term, Chile’s construction industry is expected to grow at an annual average growth rate of 4.5% between 2026 and 2029, supported by investment in infrastructure, housing and institutional construction projects; coupled with the government targets to produce 70% of the country’s electricity by renewable sources by 2030 and become carbon neutral by 2050. In line with this, in May 2025, Uriel Renovables, a Spanish energy company, announced a CLP410 billion ($450 million) investment to build four solar parks totaling 420MWp in the Valparaíso region. Construction of the first plant will begin in early 2026, with operation slated for Q1 2027. In the same month, RWE Chile, a local energy company, announced the Las Fresias Wind Farm project in Ñuble region, with a 310MW capacity, estimated at CLP455.6 billion ($500 million). Construction is expected to begin in April 2027, with a planned construction duration of 18 months
The analyst’s Construction in Chile - Key Trends and Opportunities to 2029 (H2 2025) report provides detailed market analysis, information, and insights into Chile’s construction industry, including:
- Chile's construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Chile's construction industry
- 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 Chile. It provides:
- Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Chile, 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
- Assess market growth potential at a micro-level with over 600 time-series data forecasts
- Understand the latest industry and market trends
- Formulate and validate business strategies using the analyst's critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
Table of Contents
1 Executive Summary2 Construction Industry: At-a-Glance6 Construction Market Data
3 Context
4 Construction Outlook
5 Key Industry Participants
7 Appendix
List of Tables
List of Figures
