Dublin, Dec. 18, 2024 (GLOBE NEWSWIRE) -- The "Croatia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)" report has been added to ResearchAndMarkets.com's offering.
The analyst estimates that the construction industry in Croatia to grow in real terms by 9.6% in 2024, supported by the government's investment in transport infrastructure projects, coupled with an increase in new construction orders and total number of permits issued in the country.
According to the Croatian Bureau of Statistics (CBS), the value of new construction orders rose by 14.9% year on year (YoY) in H1 2024, preceded by an annual growth of 25% YoY in 2023. Over the remainder of the forecast period, the construction industry in Croatia is expected to grow at an annual average rate of 2.4% in real terms from 2025 to 2028, supported by public and private sector investments in renewable energy, transport, hospitality and liquefied natural gas (LNG) infrastructure projects.
In June 2024, the Council of Europe Development Bank (CEB) approved EUR250 million ($265 million) program loan to support the export credit Bank of Croatia, Croatian Bank for Reconstruction and Development (HBOR), with a focus on Croatia's less developed regions. The loan will be used to improve local and regional social infrastructure and foster economic development by creating jobs and enhancing the micro, small, and medium-sized enterprises (MSMEs).
Furthermore, in July 2024, the European Investment Bank (EIB) announced an investment of EUR207 million ($219.4 million) for the upgradation of infrastructure within the City of Zagreb. This is the first loan agreement between the EIB and Zagreb, which is part of a larger EUR395 million ($418.7 million) framework loan planned for the next five years. The funding is expected to support projects in renewable energy, energy efficiency, affordable housing, schools, and public transport
This report provides a comprehensive analysis of the construction industry in Croatia. It provides:
- Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Croatia, 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
Key Topics Covered:
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Latest news and developments
4 Project analytics
5 Construction Market Data
6 Risk Profile
7 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/utsc6e
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