Dominican Republic Construction Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Dominican Republic Construction Market Report is segmented by sector (residential, commercial, industrial, transportation infrastructure, and energy and utilities). The report offers market sizes and forecasts in value (USD ) for all the above segments.

Dominican Republic Construction Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Dominican Republic Construction Market Size

Dominican Republic Construction Market  Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 38.95 Billion
Market Size (2030) USD 62.19 Billion
CAGR (2025 - 2030) 9.81 %
Market Concentration Low

Major Players

Dominican Republic Construction Market  Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Dominican Republic Construction Market with other markets in Real Estate and Construction Industry

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Dominican Republic Construction Market Analysis

The Dominican Republic Construction Market size is estimated at USD 38.95 billion in 2025, and is expected to reach USD 62.19 billion by 2030, at a CAGR of greater than 9.81% during the forecast period (2025-2030).

The Dominican Republic construction industry is experiencing significant transformation driven by comprehensive government initiatives and infrastructure construction programs. The Ministry of Economy, Planning, and Development demonstrated a strong commitment to sector growth by approving 308 projects worth DOP 132.9 billion (USD 2.4 billion) in the first seven months of 2022. This substantial investment portfolio spans various sectors, including public infrastructure, residential developments, and commercial projects. The government's strategic focus on construction and development is further evidenced by the 2023 budget allocation, which designated significant funds for critical sectors, including education (USD 5 billion), healthcare (USD 2.5 billion), and public works (USD 892 million).


The sector faces both opportunities and challenges in its growth trajectory, with economic indicators showing mixed signals. The construction sector experienced a slight contraction of 0.4% year-over-year in the second quarter of 2022, marking the first decline since the fourth quarter of 2020. This slowdown can be attributed to rising construction costs, higher energy expenses, and supply chain disruptions. However, the government's continued commitment to infrastructure construction and economic growth has helped maintain momentum in key construction projects despite these challenges.


Digital infrastructure development has emerged as a crucial focus area for the construction industry, with significant investments being made in telecommunications infrastructure. Indotel, the country's telecommunications regulator, has initiated an ambitious development project for 2023-24, allocating DOP 80.6 million (USD 1.45 million) for improving telecommunications access in rural areas. This initiative encompasses two major projects: the Elias Pinha North Mobile Services Project and the Rural Area Telecommunications Services Project, both aimed at enhancing connectivity infrastructure in underserved regions.


The construction industry is witnessing a shift toward sustainable and technology-driven development approaches. The sector's evolution is characterized by the adoption of modern construction technology, sustainable building practices, and integrated development solutions. This transformation is supported by government initiatives promoting environmental sustainability and technological advancement in construction practices. The industry's focus has expanded beyond traditional construction to include smart construction, energy-efficient building solutions, and digital integration across construction projects, positioning the sector for long-term sustainable growth.

Segment Analysis: By Sector

Residential Segment in Dominican Republic Construction Market

The residential construction segment continues to dominate the Dominican Republic construction market, holding approximately 59% market share in 2024, with a value of 20.76 billion USD. This substantial market position is primarily driven by the increasing urbanization rate and growing housing demand in major cities like Santo Domingo and Santiago. The segment's strength is further reinforced by government initiatives supporting affordable housing development and the expansion of mortgage financing options. The residential construction sector has particularly benefited from the tourism-driven second home market in coastal areas and the growing middle-class population's housing needs in urban centers. Additionally, the segment has shown remarkable resilience through various economic cycles, supported by steady foreign investment in luxury residential construction projects and the continuous development of integrated residential communities.

Market Analysis of Dominican Republic Construction Market : Chart for By Sector

Energy and Utilities Segment in Dominican Republic Construction Market

The energy and utilities construction segment has emerged as the fastest-growing sector in the Dominican Republic construction market, with an expected growth rate of approximately 12% during the forecast period 2024-2029. This remarkable growth is primarily driven by the government's ambitious renewable energy initiatives and commitment to achieving carbon neutrality by 2050. The segment is witnessing substantial investments in solar and wind power building infrastructure, with numerous large-scale projects under development across the country. The implementation of the Electricity Pact and ongoing efforts to modernize the power distribution network have created significant opportunities for construction services in this sector. Furthermore, the focus on reducing technical losses in the power system and expanding natural gas infrastructure has stimulated building activities in utility-scale projects.

Remaining Segments in Dominican Republic Construction Market

The other segments in the Dominican Republic construction market, including commercial construction, industrial, institutional, and infrastructure construction, each play vital roles in the country's building landscape. The infrastructure construction segment stands out as the second-largest contributor, driven by significant investments in transportation projects and urban development initiatives. Commercial construction continues to expand with the growth of tourism and retail sectors, while industrial construction benefits from the country's strategic position as a manufacturing hub. The institutional segment maintains steady growth through ongoing investments in healthcare facilities, educational institutions, and government buildings, contributing to the overall development of the country's social building systems.

Dominican Republic Construction Industry Overview

Top Companies in Dominican Republic Construction Market

The Dominican Republic construction market features prominent players like Consorcio Remix, Grupo Malespin, CCM, Therrestra SAS, and Acero Estrella SA leading the industry. These companies are increasingly focusing on technological advancement through the adoption of modern construction technology and digital solutions to enhance project efficiency and delivery. The market leaders are demonstrating strong operational agility by diversifying their project portfolios across residential, commercial, and infrastructure segments while maintaining quality standards through international certifications. Strategic partnerships and joint ventures are becoming more common, particularly in large-scale infrastructure and tourism-related projects, as companies seek to combine their expertise and resources. Companies are also expanding their geographical presence within the Caribbean region, with several players establishing operations in neighboring countries while maintaining their strong domestic market position.

Fragmented Market with Strong Local Players

The Dominican Republic construction market exhibits a highly fragmented structure characterized by the presence of numerous local and international players competing across different segments. Local construction companies maintain a significant market share due to their deep understanding of regional requirements, established supplier networks, and strong relationships with government entities. The market's competitive dynamics are shaped by a mix of large-scale construction conglomerates that handle major infrastructure projects and specialized firms focusing on specific segments such as residential or commercial construction. Despite the presence of international firms, local players continue to dominate the market through their ability to navigate regulatory requirements and maintain cost competitiveness.


The construction sector has witnessed limited consolidation activity, with most companies preferring organic growth strategies over mergers and acquisitions. The market structure allows for the coexistence of both large integrated construction companies and smaller specialized contractors, each serving different market segments and project scales. The competitive environment is further characterized by the emergence of new players, particularly in specialized segments such as sustainable construction and luxury residential developments, indicating low barriers to entry despite the capital-intensive nature of the industry.

Innovation and Sustainability Drive Future Success

Success in the Dominican Republic construction market increasingly depends on companies' ability to embrace technological innovation and sustainable construction practices while maintaining cost competitiveness. Market leaders are strengthening their positions by investing in advanced construction technology, developing in-house expertise, and building strong project management capabilities. Companies focusing on environmental sustainability, energy efficiency, and green building practices are gaining competitive advantages as market preferences evolve. The ability to secure and maintain strategic partnerships with suppliers, technology providers, and financial institutions has become crucial for both established players and new entrants.


For contenders looking to gain market share, differentiation through specialized expertise, innovative construction methods, and superior project delivery capabilities presents significant opportunities. The market's future competitive landscape will be shaped by companies' ability to adapt to changing regulatory requirements, particularly those related to environmental protection and building standards. Success factors also include the development of strong relationships with key stakeholders, including government agencies, private developers, and end-users. Companies that can effectively balance cost optimization with quality delivery while maintaining flexibility in their operational approach are better positioned to capture growth opportunities in this evolving market.

Dominican Republic Construction Market Leaders

  1. Constructora Rizek y Asociados SRL

  2. Noval SRL

  3. Contratistas Civiles y Mecanicos SA

  4. Metro Country Club SA

  5. Paredes y Asociados Constructora, C. por A.

  6. *Disclaimer: Major Players sorted in no particular order
Dominican Republic Construction Market Concentration
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Dominican Republic Construction Market News

  • August 2023: Guyana signed a memorandum of understanding (MoU) with the Dominican Republic to explore the construction of a 50,000 barrel per day (bpd) refinery in Guyana. As per the terms of the agreement, the Dominican Republic Government could own at least a 51% stake in the refinery project.
  • May 2023: The Dominican Republic’s PPP agency DGAPP launched the process to award construction and operation of the DOP 21.5 billion (USD 391 million) Ámbar divided highway. It will connect Santiago de los Caballeros and Puerto Plata on the north coast.
  • March 2023: Grupo Estrella subsidiary Cemento PANAM plans to execute a 1.23 Mt/yr grinding plant project in the Dominican Republic. CNS News reported that China-based Sinoma Construction won a contract to deliver the project.

Dominican Republic Construction Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Market Size and Demand Forecast
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Impact of the COVID-19 on the Market
  • 4.6 Technological Innovations in the Construction Sector
  • 4.7 Insights into Costs related to Construction and Building Materials

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Increase in GDP contribution from Construction Industry
    • 5.1.2 Increase in Number of Building Permits
  • 5.2 Market Restraints/Challenges
    • 5.2.1 High Initial Investments
  • 5.3 Market Opportunities
    • 5.3.1 Rapid urbanization and industrialization of emerging countries
  • 5.4 Value Supply Chain Analysis
  • 5.5 Industry Attractiveness - Porter's Five Forces Analysis
    • 5.5.1 Bargaining Power of Suppliers
    • 5.5.2 Bargaining Power of Buyers/Consumers
    • 5.5.3 Threat of New Entrants
    • 5.5.4 Threat of Subsititute Products
    • 5.5.5 Intensity of Competitive Rivalry

6. MARKET SEGMENTATION

  • 6.1 By Sector
    • 6.1.1 Residential
    • 6.1.2 Commercial
    • 6.1.3 Industrial
    • 6.1.4 Infrastructure (Transportation)
    • 6.1.5 Energy and Utilities

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 Constructora Rizek y Asociados SRL
    • 7.1.2 Noval SRL
    • 7.1.3 Contratistas Civiles y Mecanicos SA
    • 7.1.4 Metro Country Club SA
    • 7.1.5 Paredes y Asociados Constructora, C. por A.
    • 7.1.6 Constructora Samredo S.A.
    • 7.1.7 Moya Supervisiones y Construcciones, S.A.
    • 7.1.8 Therrestra SAS
    • 7.1.9 Abi Karram Morilla Ingenieros Arquitectos S.A.
    • 7.1.10 Consorcio Odebrecht Tecnimont Estrella*
  • *List Not Exhaustive

8. FUTURE OF THE MARKET

9. APPENDIX

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Dominican Republic Construction Industry Segmentation

Construction includes any on-site physical work that involves erecting a structure, cladding, external finish, formwork, fixtures, installing services, unloading equipment, supplies, or the like. A complete background analysis of the Dominican Republic Construction Market is covered in this report. It includes the assessment of the economy and the contribution of sectors in the economy, market overview, market size estimation for key segments, emerging trends in the market segments, market dynamics and geographical trends, and COVID-19 impact.

The Dominican Republic Construction Market is segmented by sector (residential, commercial, industrial, transportation infrastructure, and energy and utilities). The report offers market sizes and forecasts in value (USD ) for all the above segments.

By Sector Residential
Commercial
Industrial
Infrastructure (Transportation)
Energy and Utilities
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Dominican Republic Construction Market Research FAQs

How big is the Dominican Republic Construction Market?

The Dominican Republic Construction Market size is expected to reach USD 38.95 billion in 2025 and grow at a CAGR of greater than 9.81% to reach USD 62.19 billion by 2030.

What is the current Dominican Republic Construction Market size?

In 2025, the Dominican Republic Construction Market size is expected to reach USD 38.95 billion.

Who are the key players in Dominican Republic Construction Market?

Constructora Rizek y Asociados SRL, Noval SRL, Contratistas Civiles y Mecanicos SA, Metro Country Club SA and Paredes y Asociados Constructora, C. por A. are the major companies operating in the Dominican Republic Construction Market.

What years does this Dominican Republic Construction Market cover, and what was the market size in 2024?

In 2024, the Dominican Republic Construction Market size was estimated at USD 35.13 billion. The report covers the Dominican Republic Construction Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Dominican Republic Construction Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Dominican Republic Construction Market Research

Mordor Intelligence provides a comprehensive analysis of the construction industry in the Dominican Republic. We leverage our extensive expertise in civil engineering and construction management research. Our detailed report covers all aspects of the building industry, from residential construction to commercial construction sectors. It includes emerging trends in sustainable construction and green building initiatives. The analysis also encompasses construction technology, building materials, and innovations in modular construction and prefabricated construction. This information is available in an easy-to-read report PDF format for download.

The report offers stakeholders crucial insights into construction services, construction machinery, and construction equipment markets. It examines developments in infrastructure construction and engineering construction sectors. Our analysis covers building renovation and remodeling trends, architectural services, and advancements in smart construction and building systems. The report particularly focuses on construction and development activities, providing valuable insights for industry participants involved in both light construction and heavy construction projects. This is supported by detailed real estate development forecasts and construction technology assessments.