Construction Grew 43% In First Semester of 2006
Costa Rica’s construction industry saw a 43% increase in growth during the first six months of the year compared to the same period last year, according to a Federated Association of Engineers and Architects (CFIA) report.
Between January and June of this year, 3.9 million square meters were built, compared to 2.7 million during the first half of 2005, according to the report.
Residential construction, which represents 55% of all building in the period, was the fastest growing sector of the construction industry with 1 million square meters of construction.
Industrial construction came next with 309,032 square meters built, or 16% of total building, followed by commercial construction with 252,432 square meters, or 13% of total building.
Most of the construction projects came from private investment, national and foreign, in areas such as homes, tourism, industry and storage.
Construction was concentrated in San José and the northwestern coastal province of Guanacaste, where 454,927 and 443,028 square meters were built.
In Guanacaste, construction has been fueled by large tourism projects, particularly high-end hotels and condominiums.
The regions with the least amount of development were the Carribean-slope provinces of Limón and Cartago.
The CFIA added that the growth is continuing into the second semester.
You may be interested
Five things I learned while watching the sun set over El ClásicoAlejandro Zúñiga - October 22, 2018
TIBÁS — It’s difficult to enjoy a spectacular sunset while the concrete grandstand of a 50-year-old stadium shakes haphazardly under…
The Tico Times Weekly Digest: Oct. 22, 2018Alexander Villegas - October 22, 2018
It's Monday everyone. That means it's time for another dose of The Tico Times Weekly Digest. This week's Digest is…
This week in the Peace Corps: Lessons from indigenous communities in Limón provinceCrystal / Regional Peace Corps Leader - October 22, 2018
After four years with Peace Corps Costa Rica, I am reflective about living and working in indigenous communities throughout Limón…