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BMI View: Our core view for the Chilean construction industry forecasts the industry value to more than double between 2013 and 2022, reaching US$47.4bn by the end of the forecast period. Chile's construction industry growth is backed by an overall stable and investor-friendly business environment, a supportive government, and a comparatively developed mortgage market which drives residential construction growth. After officially reporting strong growth of 8.1% in 2012, we forecast lower but still robust growth of 6.4% in 2013. Key developments in the sector: ? Robust investment in mining infrastructure: BHP Billiton and Rio Tinto have announced a US$3bn investment in the construction of a new seawater desalination plant to support operations at Chile's biggest copper mine - Escondida. ...
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