LATIN AMERICA | MARKET INSIGHT
Argentina – Industrial construction output by project type (Real, $M), 2021–30 2,500
2,000 1,500 1,000 500 0 2021 2022 2023 2024 2025 2026 2027 2028 2029
Waste processing plants Metal and material production and processing plants Manufacturing plants Chemical and pharmaceutical plants
ARS1.3trn ($559m) in total investment. Of this, ARS1.1trn ($461m) is allocated specifically to construction and infrastructure, making it the province’s first large-scale mining development. The project is currently in the feasibility stage, with full financing targeted by Q2 2026 and construction expected to be completed by the end of 2028. In addition, in February 2026, Vicuna Corp – formed by BHP Australia and Lundin Mining Canada – announced plans to invest up to ARS 1.9trn ($800m) in the Filo del Sol and Josemaria mines during 2026. GlobalData estimates that Argentina’s industrial construction pipeline, covering projects valued above $25m from pre-planning through execution, totals $27.6bn. The pipeline remains heavily concentrated in early-stage developments, with 77% of total value in pre- planning and planning as of February 2025. The largest project in the pipeline is the $10bn Chubut
Green Hydrogen Production Plant, which includes the construction of a green hydrogen facility, storage
infrastructure, a processing unit, distribution systems, and the installation of four sets of water electrolysers. Another major project is the $2.7bn Josemaria Mine: Copper and Gold Processing Plant, which involves the development of copper and gold mining infrastructure with an annual production capacity of 136,000t of copper.
Chile
Chile’s industrial construction sector is expected to grow by 3.2% in real terms in 2026, followed by an average annual growth rate of 4.7% between 2027 and 2030, supported by continued investment in mining and industrial activities.
In January 2026, the government announced that the environmental impact declaration for the Parque Logístico y Empresarial del Biobío (PLEBB) project in Penco, Biobío Region, had been accepted by the Environmental Assessment Service (SEA), with evaluation expected to conclude by April 1, 2026. The
Chile – Industrial construction output by project type (Real, $M), 2021–30 2,500
2,000 1,500 1,000 500 0 2021 2022 2023 2024 2025 2026 2027 2028 2029
Waste processing plants Metal and material production and processing plants Manufacturing plants Chemical and pharmaceutical plants
www.hoistmagazine.com | April 2026 | 41 2030 2030
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