The analyst expects Belarus’ construction industry to expand in real terms by 3.9% in 2026, supported by higher Foreign Direct Investment (FDI), government initiatives to reinforce partnerships with multiple countries to lift external demand, and continued spending on infrastructure. Data from the National Statistical Committee of the Republic of Belarus (Belstat) show construction value-added rising by 10.7% year-on-year (YoY) in Q3 2025, following YoY gains of 7.5% in Q2 and 15.6% in Q1 2025. Fixed domestic capital investment also increased by 25% YoY in the first eleven months of 2025. Moreover, foreign investment in the country grew by 3% YoY in Q3 2025, increasing from BYD18.5 billion ($5.4 billion) in Q3 2024 to BYD19.1 billion ($5.5 billion).
Over the remainder of the forecast period, the construction industry is expected to record an annual average growth of 2.6% between 2027 and 2030, underpinned by continued spending on commercial, transport, and industrial developments; as well as government initiatives designed to simplify and accelerate construction procedures. In early January 2026, to help construction firms, the government issued a decree extending the rules on opening special accounts for construction companies through December 31st, 2027. Under this mechanism, construction-sector businesses facing financial difficulties can open special accounts to hold earmarked funds and ongoing advance payments transferred by clients for works carried out as general contractors or subcontractors; to finance material purchases, and to cover other approved needs, with the objective of keeping operations running without disruption.
Over the remainder of the forecast period, the construction industry is expected to record an annual average growth of 2.6% between 2027 and 2030, underpinned by continued spending on commercial, transport, and industrial developments; as well as government initiatives designed to simplify and accelerate construction procedures. In early January 2026, to help construction firms, the government issued a decree extending the rules on opening special accounts for construction companies through December 31st, 2027. Under this mechanism, construction-sector businesses facing financial difficulties can open special accounts to hold earmarked funds and ongoing advance payments transferred by clients for works carried out as general contractors or subcontractors; to finance material purchases, and to cover other approved needs, with the objective of keeping operations running without disruption.
The Construction in Belarus - Country Briefing (H1 2026) report provides detailed market analysis, information, and insights into Belarus’ construction industry, including:
- Belarus’ 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 Belarus' construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Report Scope
This report provides a comprehensive analysis of the construction industry in Belarus. It provides:
- Historical (2021-2025) and forecast (2026-2030) valuations of the construction industry in Belarus, 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-Glance3. Latest news and developments4. Project analytics5. Construction Market Data6. Risk Profile
7. Appendix
List of Tables
List of Figures
