The construction industry in Uruguay is set to experience growth in 2024 after a decline of 5.6% in 2023. Investments in water, transportation infrastructure, and increased tourism activity are key drivers for this growth. The approval of 185 housing projects in 2023, aligned with a law aimed at providing social housing for low-income families, signifies a positive step towards housing development. Tourism revenue also saw a significant increase of 27.1% in 2023, with a notable influx of tourists. Moving forward, the industry is expected to maintain an annual growth rate of 3.7% between 2025 and 2028, supported by investments in tourism, hydrogen industries, and public infrastructure projects. Notably, Uruguay's '2040 green hydrogen roadmap' aims to boost the green hydrogen industry significantly by 2040. The government's agreement with HIF, a US-based electrofuel company, to construct a green hydrogen plant indicates a strong commitment towards green energy. With investments in water treatment plants, transportation infrastructure, and sanitation projects, Uruguay's construction sector is poised for sustained growth and development.