The Portuguese construction industry is forecasted to experience a slight decline of 0.6% in real terms in 2024 due to factors like high construction costs, decreasing building permits, and a fall in exports. However, the sector is expected to bounce back between 2025 and 2028 with an annual average growth of 2%. This recovery will be supported by government investments in transport and energy infrastructure projects, as well as private ventures in commercial and housing developments. The country's move towards a net-zero economy is also a driving force behind the construction industry's resurgence. The European Commission's approval of EUR350 million funding aims to bolster the production of renewable energy equipment in Portugal, including solar panels and batteries. Additionally, the European Investment Bank's commitment of EUR3 billion for the high-speed line project between Porto and Lisbon is set to enhance the transport network and contribute to economic progress. An essential component of the long-term growth strategy for Portugal's construction sector is the investment in hydrogen production plants. The European Commission's allocation of EUR245 million to the MadoquaPower2X (MP2X) green hydrogen plant signifies a step towards sustainable energy solutions. This project, scheduled for completion by 2028, is expected to play a significant role in the country's energy transition. Overall, the construction market in Portugal is poised for a positive trajectory, driven by a mix of public and private investments, a focus on renewable energy, and advancements in sustainable infrastructure projects.