Spain’s construction sector is set to soar with strategic investments as the government is focusing on sustainable development goals that will undoubtedly reshape the sector. The period from 2020 to 2025 is anticipated to witness substantial growth, which is driven by the government's commitment to improving the country’s infrastructure. Key areas of expansion include road and rail infrastructure. Housing, non-residential construction and civil engineering are also anticipated to grow as a result in the near future.
In 2019, investments in infrastructures surged to USD 11.308 billion, marking an 11.6% increase over the budgeted amount in 2018. Notably, transport sectors, specifically railways and roads, accounted for nearly 70% of this total investment. In 2020, a decision was made to invest almost USD 2.255 billion in expanding Barajas Airport in Madrid and enhancing mobility in the Madrid region through underground line extensions. Spain’s construction trajectory aligns with global sustainability objectives. A significant focus is on meeting the ‘Sustainable Development Goals’ for 2030, which necessitates substantial improvements in the infrastructure system. What this will correspond to in investments is USD 116.84 billion. Key transport projects like Highway Olivar Úbeda (Jaén)-Estepa (Seville), Seville underground Lines 2, 3, and 4, and the Rail corridor of the Costa del Sol stand out as pivotal investments supporting Spain's construction sector.
The Spanish construction market is heavily populated by massive companies with significant reach such as Acciona SA, Elecnor SA, and Fomento de Construcciones y Contratas SA among others. The competitive landscape is further intensified by stringent regulatory requirements, which has further prompted businesses to engage in strategic M&A transactions. As the market gears up for growth, these major players are in the perfect position to capitalize on increased construction investments and participate in the upcoming slate of groundbreaking projects.