Global investments in the construction of data centres will total at least $3 trillion by 2030, according to analysts at the international rating agency Moody’s Ratings.
This amount includes investments in the purchase of servers, computing equipment, the creation of the necessary infrastructure, and the provision of power supply.
The bulk of the costs will be borne directly by large IT companies. This year alone, six leading American companies providing computing services will spend $500 billion on data centres, according to Moody’s report. These include Microsoft Corp., Amazon.com Inc., Alphabet Inc., Oracle Corp., CoreWeave Inc. and Meta.
Banks will continue to play an important role in providing financing to the industry, while other institutional investors will also provide companies with funds to expand their data centre capacity, experts say.
According to a report by investment company Colliers, data centres accounted for 31% of total investment in private real estate construction in the first three quarters of 2025. The average figure since 2020 has been around 15%.
Prices for construction and installation works in Ukraine rose by 5.4% in November 2025 compared to November 2024, according to the State Statistics Service (SSS).
According to the statistics agency, during the period in question, prices rose in all segments of construction compared to November 2024: in residential construction by 5.8% (0.4% compared to October), in non-residential construction by 5.9% (0.9%), and in engineering construction by 4.9% (0.6%).
Overall, in the first 11 months of 2025, prices for construction and installation works increased by 5.8%, with a 6.4% increase in residential construction, a 6% increase in non-residential construction, and a 5.4% increase in engineering construction.
As reported, in 2024, prices for construction and installation works increased by 7.9% compared to the previous year, and in 2023, they grew by 15.8% compared to 2022.
As of the end of 2025, 37 industrial enterprises have been built or are under construction in Ukraine’s industrial parks, of which 22 factories have already been built and 15 are under construction, according to the Ministry of Economy, Environment, and Agriculture. As reported, by the end of 2024, 25 industrial enterprises were operating or under construction in industrial parks, of which 12 had been built.
Among those operating or under construction as of the end of last year were enterprises in the fields of agro-processing, food production, furniture and woodworking, machine building, and others. Operating enterprises created 3,716 jobs.
The Ministry of Economy also recalls that in 2025, it decided to provide state incentives to 13 industrial parks for the implementation of 22 infrastructure projects totaling UAH 697.77 million.
In addition, UAH 202.91 million was transferred during the year to two industrial parks, the decisions on which were made in 2024.
Thus, the total amount of state incentives for industrial parks in 2025 amounted to UAH 900.681 million, the ministry concludes.
“2025 was the year when the number of industrial parks turned into real platforms for the implementation of the ”Made in Ukraine” policy. Almost UAH 1 billion in state incentives for industrial parks this year is an investment in infrastructure that is already giving life to new factories today. The state is laying the foundation, and business is turning it into new capacity and jobs,” Economy Minister Oleksiy Sobolev is quoted as saying in the statement.
As reported, 13 industrial parks received state incentives last year.
As of December 31, 2025, 118 industrial parks were included in the Register of Industrial Parks, of which 24 parks were included during 2025. At the same time, eight parks that did not carry out any activities were excluded from the Register.
The State Incentives for the Creation of Industrial Parks program provides for the development of engineering and transport infrastructure in industrial parks on a co-financing basis. State support may be directed toward the construction of roads, electrical networks, water supply and sewage systems, gas supply, and other technical solutions necessary for the launch of production.
State incentives provide for co-financing in a ratio of 50% to 50% for up to UAH 150 million per IP, and for de-occupied territories in a ratio of 80% to 20%.
The Ministry of Economy is implementing the program in cooperation with Ukreximbank, Oschadbank, Ukrgasbank, and Sens Bank.
A number of fiscal incentives are also provided for IP participants.
The growth rate of housing construction costs in Ukraine in 2026 will slow down slightly compared to previous periods, with an average increase of 10–15% over the year, according to Ukrainian developers.
“In 2026, we expect further growth in construction costs, but the pace of this growth is likely to be more moderate than in previous periods. The main factors remain the cost of construction materials, energy, logistics, and labor, as well as currency fluctuations,” the press service of the DIM group of companies told Interfax-Ukraine.
Containing the growth of construction costs is possible thanks to the adaptation of the construction market to new conditions: optimization of design solutions, construction processes, and supply chains. At the same time, maintaining a balance between the economic efficiency of projects and the preservation of housing standards remains an important condition, the company noted.
At the same time, pressure on costs next year will come from the cost of energy, logistics, import-dependent building materials, as well as stricter requirements for engineering systems and safety, said Perfect Group project manager Oleksiy Koval. According to him, the company expects costs to grow by 15-20% in 2026.
“Our baseline scenario is a 15-20% year-on-year increase in production costs, but the range will depend on the exchange rate, material prices, and the situation on the labor market. We are building in a safety margin through longer contracts with contractors, optimising project solutions without compromising quality, and planning purchases of critical materials in advance,” he said.
Wages in the industry remain an important factor in the growth of construction costs, Koval added. To combat the labor shortage, Perfect Group is working on employment contracts with foreigners, particularly from India, to attract them to contract work.
In turn, Dan Saltsov, commercial director of Greenville’s Kyiv projects, predicts a moderate increase in the cost of housing construction within the range of 6-12% per year.
“It is likely that the cost will continue to grow by 6-12% per year. Trends in recent years confirm an annual increase. The main factors influencing this are inflation, rising prices for construction materials, higher wages, labor shortages, and currency fluctuations. The market is undergoing structural changes,” said the expert, adding that a decline in housing prices is not to be expected.
This is also confirmed by experts from the developer RIEL. As the company told Interfax-Ukraine, in addition to rising costs, the price per square meter will also be affected by the rising cost of loans in the construction sector.
“We predict further price increases due to rising costs, growth in investments that developers make at the start of a project, and the rising cost of loans in the construction sector. However, in our opinion, demand will remain stable, although a significant increase in new construction should not be expected,” the developer said.
According to the forecast of the construction company Intergal-Bud, the cost of housing will continue to grow within the range of 10-15% compared to 2025.
“The cost per square meter is likely to continue to grow, but without sharp jumps, within the range of 10-15%, and will have objective reasons related to the rise in the cost of construction materials, engineering solutions, labor shortages, as well as security, military, and political factors,” said Olena Ryzhova, commercial director of Intergal-Bud.
According to her, the primary residential real estate market will maintain cautious positive dynamics in 2026. Thus, demand for housing in the “comfort” and “business” segments will remain stable, as will the purchase of apartments in the early stages of construction, traditionally one of the most reliable assets for preserving funds.
However, the residential construction market has not yet recovered to its pre-war levels, the Kovalskaya Group emphasizes. According to the developer, construction costs will continue to rise in response to the rising cost of building materials and energy, as well as due to a reduction in new projects.
“Given the realities we are seeing, the construction market has not yet recovered to pre-war levels. Developers are mainly completing previously started projects, with only one new project for every five completed. The rise in the cost of construction materials and electricity, as well as the reduction in supply, will lead to an increase in the cost of construction. The sale price of apartments is expected to grow by 10-15% per year in currency terms,” the company notes.
As reported with reference to data from Ukrainian developers, the cost of housing construction in Ukraine in the first nine months of 2025 grew by an average of 10-25%, depending on the class of housing. According to the State Statistics Service, prices for construction and installation works in the third quarter of 2025 increased by 5.3% compared to the same period last year, while prices in the primary housing market increased by 12.8% during the same period.
Four enterprises in Volyn, Rivne, Cherkasy, and Khmelnytskyi regions received UAH 116.3 million in partial state compensation for the construction and reconstruction of six livestock farms, according to the Ministry of Economy, Environment, and Agriculture.
“The state reimbursed up to 25% of the cost of farms, milking parlors, and production facilities for processing by-products that were put into operation,” the ministry said, clarifying the decision of the Ministry of Economy’s commission on state support for the development of livestock farming and agricultural product processing.
It is expected that agricultural producers will be able to keep about 3,000 head of livestock on new and reconstructed farms.
“Supporting livestock farming is an investment in Ukraine’s food security. Enterprises that modernize production and build new facilities in wartime receive real financial assistance from the state. This year, we have reimbursed up to 25% of the cost of facilities that have been put into operation since the beginning of the year,” said Deputy Minister of Economy, Environment, and Agriculture Taras Vysotsky, whose words are quoted in the report.
The Ministry of Economy reminded that support is provided in accordance with the procedure for the use of funds allocated in the state budget for the development of livestock farming and agricultural product processing, approved by Cabinet of Ministers Resolution No. 950 of August 6, 2025. Compensation is provided for completed projects submitted through the State Agrarian Register.
The Serbian Economist reports that Prindon Sadrija, the husband of Kosovo President Vjosa Osmani, called on Trump’s son-in-law Jared Kushner to move the Trump Hotel project to Pristina, which his organization had previously rejected in Belgrade.
Sadrija wrote on social network X that the withdrawal from the Belgrade project confirms the thesis that “significant projects should unite, not divide,” and suggested “moving this idea to Pristina” with the transformation of the capital’s Grand Hotel into Trump Hotel.
The statement came amid reports that Affinity Global Development, linked to Kushner, has withdrawn from plans to build a hotel and residential complex on the site of the former General Staff building in downtown Belgrade, which was damaged during the 1999 NATO bombing and has been the subject of public controversy over memory preservation and cultural heritage status.
The company notified the decision to withdraw from the project after months of protests and amid a legal scandal surrounding the removal of the site’s protected status, for which the Serbian prosecutor’s office sought to prosecute a number of officials.
In Serbian statements, the losses are estimated at “at least 750 million euros” – a figure that Serbian President Aleksandar Vucic and representatives of the ruling party have voiced, linking the investor’s withdrawal to the pressure of protesters.
At the same time, earlier publications on the parameters of the project estimated the investment at about $500 million.
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