The Portuguese construction industry is facing a marginal decline in 2024, attributed to high construction costs and a decrease in building permits and exports. However, the industry is poised for recovery and growth between 2025 and 2028, with an anticipated annual average growth of 2%. This growth will be supported by government investments in transport and energy infrastructure projects, alongside private sector involvement in commercial and housing developments. Additionally, the country's shift towards a net-zero economy will play a significant role in driving the construction sector forward. Noteworthy investments include the EUR350 million funding approval from the European Commission to boost manufacturing companies producing renewable energy equipment. Moreover, initiatives like the EUR3 billion funding from the European Investment Bank for the high-speed line project between Porto and Lisbon will further contribute to industry expansion. A key highlight for long-term growth is the emphasis on hydrogen production, with projects like the MadoquaPower2X green hydrogen plant in Sines receiving substantial support. Overall, the Portugal construction market is expected to witness a positive trajectory, leveraging investments in energy infrastructure, green technologies, and sustainable development practices to propel growth and contribute to the country's transition towards a more environmentally conscious economy.