2012 kicks off with 140 exhibitors at the Construexpo event which aims to forge alliances and synergies that will promote the growth of a vital sector of the Salvadoran economy.
Mario Rivera, president of the Salvadoran Chamber of Construction Industry (Casalco), said the industry "continues to recover very slowly," according to ElSalvador.com.
Although in 2011 the sector's growth was 4% of GDP (El Salvador), it still has not reached the levels of 2008, before the economic crisis erupted in the U.S., said Rivera.
"The goal of the fair is to promote the growth of industry and revive its capacity as one of the most important sources of employment in the country, since it achieved its best numbers before the 2009 crisis. This challenge has been taken up by organizers ", reported the website.
Source: elsalvador.com
More on this topic
April 2012
In February credit for the construction sector reported a growth of 38.22%.
According to the Salvadoran Chamber for the Construction Industry (Casalco), the industry obtained between the months of January and February about $79 million in loans to build and buy homes, representing an increase of 38.22% compared to the same period in 2011.
February 2012
Employers in the construction industry forecast a 4% growth in 2012
The Chamber of Construction in Guatemala noted that this year they expect industry growth of 4%, the beginning of the revival of that sector.
The president of the Chamber of Construction, Jorge Montenegro, recognizes that the market after a slump of several years, is finally seeing an improvement.
March 2012
Residential construction is expected to perform well and public infrastructure investment will be maintained.
The construction industry closed 2011 in a very good state, marked by a growth of 18.5% and having contributed $1.42 billion to GDP.
Asked about what to expect for 2012, Elisa Suarez Gomez, Executive Director of the National Housing Advocates, said the affordable housing and middle class sectors will perform well, thanks to the expanded preferential interest program. In this program, the state supports first-time homebuyers, covering a percentage of the interest charged by the bank. Currently the program includes only houses worth up to $80,000, but this will be expanded to $120,000.
February 2010
Construexpo 2010 is one of the measures undertaken by Salvadoran builders to reactivate construction in the country.
Its organizers, the Salvadoran Chamber of Construction, expect participants to close $6.5 million in deals in this edition of the fair.
“Over 150 companies will participate in the event.
español
1601
