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Latvia Jetty Facility Development Industry Analysis
Currently, Latvia has a relatively small but growing construction industry. According to data from the Central Statistical Bureau of Latvia, the construction sector contributed approximately 6.1% to Latvia's GDP in 2020, and the industry is expected to grow by 4.4% in 2021. While the COVID-19 pandemic has had an impact on the industry, with a decrease in construction output during 2020, the industry has remained relatively stable and is expected to continue growing in the coming years.
In terms of the Jetties construction projects industry specifically, Latvia has a number of small to medium-sized companies that specialize in the design, construction, and maintenance of jetties and other marine structures. The industry is relatively competitive, with companies vying for contracts from the government and private clients.
One company that has made a name for itself in the Latvian Jetties construction projects industry is AS B?vuz??mums Restaurators. The company has been involved in a number of major jetties and marine structure projects, including the reconstruction of the Liepaja Canal, the construction of a new port in Skulte, and the restoration of the Daugava River Embankment in Riga.
Looking ahead, the outlook for the Jetties construction projects industry in Latvia is positive. The government has made infrastructure development a priority, and investments in transport and logistics are expected to drive demand for new jetties and other marine structures. The country's strategic location on the Baltic Sea also makes it an attractive location for international shipping, which could further fuel demand for marine infrastructure.
In conclusion, while Latvia's Jetties construction projects industry is relatively small, it is expected to grow in the coming years as the country invests in infrastructure and transportation. With a number of skilled and experienced companies in the industry, and favorable market conditions, there is potential for the industry to continue to thrive in the years to come.
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