Colombia’s construction industry is expected to grow by 1.6% in 2025, as building permit and export volumes increase, coupled with government investment in industrial, commercial and energy projects. According to the National Administrative Department of Statistics of Colombia (DANE), the total area approved for construction in 302 municipalities grew by 24% year-on-year (YoY) in the first four months of 2025, preceded by an annual decline of 23.9% in 2024.
Over the remaining part of the forecast period, the construction industry is expected to record an annual average growth rate of 5.1% between 2026 and 2029, supported by investments in transport and energy projects, coupled with government’s plan to reduce greenhouse gas emissions by 2030 and reach carbon neutrality by 2050. Furthermore, in June 2025, Jorge Cristancho - Colombia’s Deputy Energy Minister - announced 19 measures to address delays in renewable energy projects. Key actions include a new decree for better allocation of electrical connection points and the establishment of a National Renewable Projects Information System to improve transparency and permit processing. Furthermore, the government’s effort to deliver 1.18 million homes between 2025 and 2030, with 428,000 eco-friendly and energy efficient houses, is expected to support the construction industry output over the forecast period.
Over the remaining part of the forecast period, the construction industry is expected to record an annual average growth rate of 5.1% between 2026 and 2029, supported by investments in transport and energy projects, coupled with government’s plan to reduce greenhouse gas emissions by 2030 and reach carbon neutrality by 2050. Furthermore, in June 2025, Jorge Cristancho - Colombia’s Deputy Energy Minister - announced 19 measures to address delays in renewable energy projects. Key actions include a new decree for better allocation of electrical connection points and the establishment of a National Renewable Projects Information System to improve transparency and permit processing. Furthermore, the government’s effort to deliver 1.18 million homes between 2025 and 2030, with 428,000 eco-friendly and energy efficient houses, is expected to support the construction industry output over the forecast period.
The Construction in Colombia- Key Trends and Opportunities to 2029 (H2 2025) report provides detailed market analysis, information, and insights into the Colombian construction industry, including:
- The Colombian 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 the Colombian 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 Colombia. It provides:
- Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Colombia, 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