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Despite its small size, Gibraltar boasts a thriving infrastructure and construction market. The sector is expected to witness a CAGR of 4.5% between 2023 and 2028, driven by factors such as:
Government investment in infrastructure projects: The Gibraltar government has committed to investing in infrastructure projects, including new housing, schools, and roads.
Growing tourism industry: Gibraltar's growing tourism industry is driving demand for new hotels, restaurants, and other tourist facilities.
Increasing demand for office space: Gibraltar's growing financial services sector is driving demand for new office space.
The Gibraltar government plays a significant role in the infrastructure and construction sector through its procurement activities. In 2022, the government allocated around £200 million for infrastructure projects.
The Gibraltar government procures a wide range of infrastructure and construction products and services, including:
Roads and bridges: The government is investing in the upgrade and maintenance of Gibraltar's road network.
Housing: The government is building new affordable housing to meet the needs of its growing population.
Schools: The government is investing in the construction of new schools to accommodate increasing student numbers.
Hospitals: The government is upgrading and expanding Gibraltar's hospital facilities.
Renewable energy: The government is investing in renewable energy projects, such as solar and wind farms.
The main authority responsible for infrastructure and construction procurement in Gibraltar is the Ministry of Infrastructure and Planning. The ministry is responsible for:
Developing and implementing infrastructure policy:
Planning and managing infrastructure projects:
Procuring infrastructure and construction products and services:
Major companies that have secured significant infrastructure and construction contracts in Gibraltar include:
Gibraltar Contractors Limited: A local company that has worked on a variety of infrastructure projects, including the construction of the Gibraltar International Airport terminal.
Mace: A UK-based company that has worked on a number of high-profile projects in Gibraltar, including the development of the Ocean Village marina.
Laing O'Rourke: A UK-based company that has extensive experience in the construction of complex infrastructure projects.
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