Peru’s construction industry is expected to expand by 3.8% in real terms in 2025, supported by private investments in the mining sector, public spending in energy infrastructure, and elevated revenue from copper and gold exports. According to Peru's Ministry of Energy and Mines (MINEM), copper output is expected to rise to 2.8 million metric tons in 2025, compared to 2.7 million tons produced in 2024, albeit still lags comparative to global demand. Furthermore, in July 2025, Dina Boluarte - the President of Peru - announced that the government is evaluating the authorization of 134 new mining exploration and exploitation projects, which are estimated to be worth PEN22.7 billion ($6 billion). Additionally, Peru’s gross fixed capital formation in construction grew by 5% in H1 2025. Construction industry’s value-add grew by 5.2% in H1 2025, according to the INEI. Moreover, growth in construction activity will also be supported by the government’s allocation under it’s 2025 Budget, with a total allocation of PEN251.8 billion ($66.5 billion) for 2025; an increase of 4.5% compared to the 2024 Budget allocation.
Over the remainder of the forecast period, the construction industry is expected to record average annual growth of 3.6% between 2026 and 2029, supported by government spending in educational facilities, infrastructure projects, and renewable energies, among other projects. As part of the National Energy Plan, Peru's Ministry of Energy and Mines (MINEM) is planning to add 2.5GW of solar energy by the end of 2028 in a bid to increase the country’s solar capacity. In May 2025, the state government of Arequipa allocated 160ha land in the port city of Matarani to Verano Energy - a Latin America renewable energy company - for the production of green and blue hydrogen. This initiative is part of the PEN42.4 billion ($11.2 billion) Horizonte de Verano project, clean ammonia project.
Over the remainder of the forecast period, the construction industry is expected to record average annual growth of 3.6% between 2026 and 2029, supported by government spending in educational facilities, infrastructure projects, and renewable energies, among other projects. As part of the National Energy Plan, Peru's Ministry of Energy and Mines (MINEM) is planning to add 2.5GW of solar energy by the end of 2028 in a bid to increase the country’s solar capacity. In May 2025, the state government of Arequipa allocated 160ha land in the port city of Matarani to Verano Energy - a Latin America renewable energy company - for the production of green and blue hydrogen. This initiative is part of the PEN42.4 billion ($11.2 billion) Horizonte de Verano project, clean ammonia project.
The Construction in Peru - Key Trends and Opportunities to 2029 (H2 2025) report provides detailed market analysis, information, and insights into Peru’s construction industry, including:
- Peru’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 Peru’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 Peru. It provides:
- Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Peru, 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
