50% Drop in Building Permits in Costa Rica

The most affected sectors are cement and concrete with a decrease in demand of 20% and 30% respectively.

Wednesday, April 22, 2009

According to Carlos Gonzalez, country director for Cemex (company which closed 5 concrete plants in Costa Rica), the reactivation of the Costa Rican economy would be achieved with three levers: State investment in infrastructure, increased credit to encourage domestic consumption and "encouragement of direct foreign investment through incentives or improvements to the free trade zone law."

La Nación newspaper published on its website: "For construction in particular, Gonzalez found that the current model, focused primarily on US needs, could be redirected toward Chinese, Indian and Brazilian markets."

More on this topic

Fall in Hotel Construction in Costa Rica

February 2014

In 2013 the number of building permits requested for hotel establishments across the country dropped by 62% compared to 2012.

The number of square meters authorized in the last 12 months between February 2013 and January 2014 fell to 47,515 m2 compared with the 126,036 m2 in the previous period, according to the Costa Rican Chamber of Construction.

Construction Sector Declines in Costa Rica

November 2011

In 2011, 17% less square meters were constructed as compared to 2010, when projects undertaken covered 6 million square meters.

The sector has failed to recover and with the economic uncertainty that looms for 2012, forecasts for next year by the College of Engineers and Architects (CFIA in Spanish) are very conservative.

Costa Rica: Construction Falls by 5%

July 2011

The number of square meters registered in the College of Engineers and Architects is 3.6 million, down 5% compared to the same period in 2010.

The June 2011 report to the Association of Engineers and Architects (CFIA) in Costa Rica contains information on the number of square meters registered by those professionally liable, and is analyzed by province and type of work.

Cemex Closes 5 plants in Costa Rica

April 2009

In the face of a 20% to 30% decrease in the demand for cement and concrete, the multinational closed five of its concrete plants.

Of the three production lines that Cemex has in Costa Rica, cement, concrete and aggregates, the concrete sector has been hardest hit by the crisis. With the closing of the 5 facilities, there are only 3 left operating.

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Cemex Costa Rica S.A

Organization that operates in Costa Rica.
Phone: (506) 2201 2000 - (506) 8861 7545

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