Investment Projects in the City of Buenos Aires, Argentina

Buenos Aires, capital of a growing country 

The city of Buenos Aires is the capital of the Argentine Republic. Together with its metropolitan area (Gran Buenos Aires) it is the second biggest South American city and one of the major urban centers of the world.

The city is also the most important cultural center in Argentina and one of the most important in Latin America. The great cultural offer is represented by a large number of museums, theatres and libraries, being some of them the most important of the country. The academic activity also stands out because some of the most important Argentine universities have their seat in Buenos Aires. It must be emphasized the fact that the city had been chosen by the UNESCO as City of Design in 2005.

In 2004 the Producto Bruto Geográfico (PBG) (Geographical Gross Product) of Buenos Aires was approximately of $100,455 millions, equivalent to $36,185 per cápita. The income, superior to 12,000 dollars per cápita, tripled the national average that year and placed the city as one of the major income per cápita of Latin America.   Source: Wikipedia

The sums of the construction boom are stronger every day

It grew, in June, 24.7% with regard to the same month last year, pushed by the public works and private projects. It is the highest rate since 1993. In that way, in the first semester of 2006 it accumulated a rise of 21.2% related to the same period in 2005.
 
The construction activity do not stop its growth: in June it has increase 24.7% with regards to the same month last year, the higher rate since 1993. In the first semester, meanwhile, it accumulated a rise of 21.2% related to the same period of 2005.

The data has been supplied this afternoon by the INDEC. In accordance with the organism, the important growth in the year-on-year comparison was support by the public works, as well as the private projects on residences, tourism, industry and trade. The improvement, with regard to May, meanwhile, was of 2.5%.
 
As a reflex of the boom, the supplies office has also shown an important growth. The seal of perforated bricks has collected in the first semester of 2006 a rise of 89% with regard to the same period last year, whereas the iron for concrete adds 36.1 %. Meanwhile, the delivery of cement had been increased 30.7%. 
 
For the third quarter of the year similar numbers are expected: according to the INDEC, increase in the activity level is expected, especially in the public works. An increase is also expected in the private area: the area to be constructed that is recorded in the construction licenses has increase 19.7% in the first semester with regard to the same period of 2005.

Source: http://www.clarin.com/