Construction Opportunities in China

The Asian giant has a vast and growing construction industry, that will amount to $700 billion in 2015, meaning significant opportunities for companies in the isthmus.

Friday, November 2, 2012

Baltodano Mauritius’ analysis focuses on the opportunities for Costa Rica companies in China in the spheres of Architecture, Engineering and Construction, but its concepts and conclusions can be extrapolated to the entire region.

With an annual growth rate of 25%, the construction industry in China is now one of the largest in the world, requiring high level architectural firms and who have experience in managing and implementing major projects.

Local companies have the advantage of knowing the local requirements and regulations, but have little culture of quality control, compliance with international standards and professional management.

Currently, developers are looking towards a more Western and modern style, and have more sophisticated requirements, requiring first class engineering and consulting services, which opens opportunities for architectural, engineering and foreign construction firms.

More on this topic

China-U.S. Relations: Opportunities for the Region

June 2020

In the context of the tense diplomatic and commercial relationship between the two world powers, Central American countries could have the opportunity to attract new investments, as it is estimated that some American companies would need to migrate their operations to the American continent.

As a result of the tension between the two nations, Mauricio Claver-Carone, an advisor to President Trump, believes that U.S.

Trade War and its Opportunities

August 2019

The conflict between the U.S. and China could lead to business opportunities for companies in the region as a result of the tariff policies being implemented by the two world powers.

The trade war between the United States and China, two of the world's largest markets, is essentially about the authorities imposing tariffs on a number of products that both countries produce and sell abroad.

Chinese Construction Companies Target Central America

September 2018

Large construction companies in the Asian country are interested in the mega projects that are to be developed in the region, especially in Panama and Costa Rica.

At the last Capac Expo Hábitat fair in Panama, more than 20 companies from China showcased their progress and took the opportunity to establish contacts with local public and private investors.

New Business Opportunities for Nicaragua and Colombia

February 2017

Paper and machinery are some of the goods that nicaraguan businessmen plan to import in large amounts with the upcoming elimination of the "patriotic" tax of 35% on colombian products.

The decision by Ortega government to abolish the 35% tax on imports of Colombian products, which has been in place since 1999, has been welcomed by the Nicaraguan private sector, which plans to increase imports of products such as machinery, paper and raw materials. The upcoming elimination of the tax, which must be approved by the Assembly, opens the door to new business opportunities between the two countries.

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