Paraguay - Construction Materials and Equipment Paraguay - Construction Materials
Overview
Although growth in Paraguay’s construction and industrial sectors slowed in 2018, demand for construction equipment and materials are projected to continue rising as the Government of Paraguay expands investment in public infrastructure projects. As the economy continues growing, so does the private sector demand for higher-quality construction materials, currently not locally available.Sub-Sector Best Prospects
Construction materials are in high demand, notably: quality flooring, plumbing fixtures and bath accessories, home automation and smart home control systems, metal roof systems (with and without insulation), and high-voltage lines.Projected large infrastructure projects will require heavy machinery that must be imported. Paraguay is among the few countries in Latin America that allows the importation of used machinery. These projects may also create additional opportunities for engineering, project management consulting, and financial services.
Opportunities
The rapid demand for the construction of warehouses for industrial and agriculture purposes has surpassed the capacity of local metal works companies that build roofs, forcing them to place clients on waiting lists and delaying construction for months.Domestic production cannot meet current demand for cement and concrete manufacturing. Although Paraguay has abundant raw materials required for production, Paraguay has the most expensive cement and concrete in the region.
Major construction of highways and bridges concluded during 2017. The new Government of Paraguay (inaugurated on August 15, 2018) has also announced that major construction projects will continue during its tenure (2018-2023). These tenders are advertised on the Ministry of Public Work’s website and the government’s public contracting office (DNCP) website. Under Paraguay’s Public-Private Partnership law, firms may also propose unsolicited projects.
The U.S. Department of State built the Business Information Database System (BIDS) portal to help U.S. businesses learn about significant international commercial opportunities. The BIDS website features an interactive map that displays descriptions and locations of projects that represent potential contract or tender opportunities for U.S. businesses. The site also connects U.S. businesses to detailed information about each project as well as information to contact U.S. embassies overseas.
Web Resources
National Directorate for Public ContractsParaguayan Ministry of Public Works
Paraguayan Real-Estate Chamber CAPADEI
Paraguayan Chamber of Constructors
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