Good Year for Construction

Because licensing is proceeding faster, private projects are rebounding in Guatemala and the sector in general expects to close 2018 with a 3% increase.

Thursday, November 22, 2018

Representatives of the Guatemalan Chamber of Construction (CGC), explained that the positive behavior of the sector this year is because of the liberalization of licenses for the construction of projects that were pending to be authorized and new investments made.

You may be interested in "Construction: $100 Million for New Projects"

Fernando Estrada Domínguez, director of the Statistics Commission (CGC), said to that "... A dam of construction licenses and projects with requirements carried out by different institutions were expedited, and the private sector was adapted to the new provisions and this caused the permits to be accelerated."

According to CGC data, during the first seven months of the year 1.45 million square meters of construction have been authorized, 20% more than the 1.21 million authorized in the same period of 2017.

Oscar Monterroso, general manager of the Bank of Guatemala (Banguat), explained that "... the construction sector will be one of the productive sectors that will have a positive performance this year."

Also see "Public Works: $1.1 Billion in New Projects"

According to CentralAmericaData reports, during the first nine months of the year, 149 Environmental Impact Studies were processed in the country, which together total an investment of approximately $525 million.

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More on this topic

Plans to Keep the Economy Stable

March 2020

In Guatemala, the Executive Branch presented a proposal to the Congress to expand the public budget by nearly $940 million, resources that would be used to recover the economy in the face of the unemployment that will be caused by the spread of the covid-19.

The authorities' plan is to save between 20% and 25% in order to allocate these funds to investment in strategic infrastructure such as ports, airports, the subway and viable projects such as the construction of the Transversal del Sur (TVS), a 110-kilometer stretch that would connect the port of Champerico, Retalhuleu, with Puerto Quetzal, on the coastal strip.

Construction: Digital Procedures in Guatemala

December 2018

The Guatemalan government expects that in the first two months of 2019, all procedures related to the issuance of construction permits can be carried out online.

Representatives of the Ministry of Economy (Mineco), reported that the plan is that through the Ventanilla Única de la Construcción, construction companies can process licenses digitally.

Guatemala: Bleak Outlook for Construction

August 2016

A bureaucracy that keeps delaying delivery of construction licenses, is now joined by a possible cement tax proposed by the government.

Entrepreneurs in the sector anticipate a relatively poor performance for the sector in the remainder of the year, although no significant increases are expected in the prices of materials in general. The possibility that the proposal to levy $0.65 per sack of cement actually materializes comes on top of problems faced in obtaining building permits, which has forced some projects to grind to a halt.

Construction Data in Guatemala

November 2014

The total number of square meters of construction sites authorized in the first nine months of the year in the municipalities of the metropolitan area increased by 8.9% compared to the same period in 2013.

From January to September of this year authorization was given for the construction of 1.6 million square meters of buildings, similar to that reported in 2013 which was for 1.8 million square meters, in other words, it is expected that by the end of 2014 an increase in the amount of construction will be reported.

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