BMI's Executive Summary

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Colombia is very well known for its coffee, which is also a major contributor to the country's exports. The Colombian economy has witnessed positive growth for the past three years and logged 14.3% growth year-on-year (y-o-y) in Q107, reaching a value of COP86,298bn (US$42.55bn). The signing of a free trade agreement (FTA) with the US has engendered a growing sense of confidence in the economy. The Colombian construction sector too has seen impressive growth; BMI forecasts the average industry growth rate to be 4.6% during 2008-2012.

To a large extent, the Colombian economy's growth and development have been powered by the infrastructure segment. With considerable expenditure by both private and public players, the Colombian infrastructure, particularly the transport and water infrastructure segments, has seen tremendous growth in recent years. Major infrastructural ventures in the country include the planned modernisation of the El Dorado airport at a cost of US$500-600mn, an investment of US$180mn for the development of the Buenaventura port and construction of the La Linea tunnel, valued at US$262mn.

However, Colombia's high external debt burden continues to plague the country. Furthermore, unemployment levels (estimated to be more than 11% in 2006) and high inflation are the other prominent areas of concern from a macroeconomic point of view. Insurgency and the booming illicit drugs market also need to be tackled.

This said, the Colombian economy is still expected to grow – though at a declining rate – at an average of 4.7% during 2008-2012. BMI expects the country's construction sector to reach a value of COP34,975.68bn (US$21.7bn) by 2012, contributing a sizeable 7.5% to the total GDP.

Contents

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Chapter 1 – Industry Trends And Developments

Market Overview

Colombia's Economy In 2006

Colombia's Construction Industry In 2006

Major Companies

Some Recent Investment Initiatives

Chapter 2 – Key Projects

Transport

Utilities

Cement Production

Residential And Commercial Construction

Table: Colombia––Major Infrastructure Projects

Table: Colombia––Major Infrastructure Projects (continued)

Chapter 3 – Business Environment

Introduction

Table: Americas Business Rankings

Business Attractiveness Rankings — Methodology

Regional Overview

Colombia: Business Environment Ranking

Economics — Long–term Risk

Politics — Long–term Risk

Construction Growth

Competitive Environment

Anticipated Potential

Chapter 4 – SWOT Analysis

Colombia Infrastructure SWOT

Colombia Political SWOT

Colombia Economic SWOT

Colombia Business Environment SWOT

Chapter 5 – Industry Forecast Scenario

Table: Colombia Forecast

Table: Colombia Forecast (cont)

Risks

Chapter 6 – Macroeconomic Outlook

Table: Economic Activity – Historical Data And Forecasts

Chapter 7 – Country Snapshot: Colombia Demographic Data

Section 1: Population:

Table: Demographic Indicators (2005)

Table: Rural/Urban Breakdown

Section 2: Education & Healthcare

Table: Education

Table: Healthcare: Vital Statistics

Table: Healthcare: Expenditure

Section 3: Labour Market And Spending Power

Table: Employment Indicators

Table: Consumption and Stratification

Table: Wages per year

Chapter 8 – Competitive Landscape

Table: Colombia Infrastructure Key Players

Chapter 9 – Company Monitor

Conciviles

Cemex Colombia

Holcim Colombia

Chapter 10 – BMI Forecast Modelling

How We Generate Our Industry Forecasts

Construction Industry

Sources

Chapter 11 – Appendix: Regional Demographic Data

Wages (ave per annum), US$

Population

Household Spending Per Capita, US$

Private Consumption Per Capita, US$ PPP

Market Size, GDP, US$bn

Competitive Landscape for Latin America Infrastructure Reports: Sample of Companies Ranked

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Comparative company analyses and rankings by sales, % market share, employees, registration date and ownership structure. Company profiles include fully researched senior executives and contact details, business activity and leading products and services. SWOT (strengths, weaknesses, opportunities, threats) of the state’s business environment, infrastructure sector, politics and economics, which carefully evaluates the short- and medium-term issues facing the industry.

Network of Latin American Infrastructure Sources

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BMI's Latin American Infrastructure Reports are based on an extensive network of multilateral organisations, government departments, Infrastructure industry associations, chambers of commerce and company reports. Information sources include: