Top 10 Construction Companies in Latvia
Latvia’s construction industry has been a significant contributor to the country’s economy in recent years. It has shown steady growth, although it was hit hard by the global financial crisis of 2008.
According to data from the Central Statistical Bureau of Latvia, the construction industry’s output in Latvia was valued at €2.8 billion in 2020, which is a decrease from €3.4 billion in 2019. However, this decrease is mainly attributed to the impact of the COVID-19 pandemic on the construction sector.
Residential construction has been the most active segment in the Latvian construction industry. There has been a strong demand for affordable housing, especially in Riga, the capital city. Commercial and industrial construction has also seen significant growth in recent years.
The Latvian government has implemented several initiatives to boost the construction industry, such as reducing administrative barriers to construction permits and offering tax incentives to companies investing in the sector. The country has also implemented a number of EU-funded infrastructure projects, including road and railway construction, which has boosted the construction industry.
One of the challenges faced by the construction industry in Latvia is a shortage of skilled labor, which has led to increased labor costs. The industry has also faced problems with corruption and illegal practices, which have affected the quality of construction.
Overall, Latvia’s construction industry has shown resilience and potential for growth in the coming years, with the government’s support and investment in infrastructure and affordable housing.
Top 10 Construction Companies:
1/ AS “Būvuzņēmums Restaurators”
Revenue: USD 70 million (2020)
Project Award: Reconstruction of the Riga Latvian Society House, renovation of the National Library of Latvia
About us: AS “Būvuzņēmums Restaurators” was established in 1992 and has since become one of the leading construction companies in Latvia. The company specializes in the restoration and reconstruction of historical buildings, but also works on modern construction projects.
Address: Jēzusbaznīcas iela 7, Riga, LV-1050, Latvia
Website: https://restaurators.lv/
Email: info@restaurators.lv
Phone Number: +371 67 31 88 75
Established: 1992
Founder: Andris Kaugars
Employees: 300
Services: Restoration, reconstruction, and modern construction
Career: https://restaurators.lv/karjera
2/ SIA “Skonto Būve”
Revenue: USD 120 million (2020)
Project Award: Construction of the National Library of Latvia, renovation of the Riga Central Market
About us: SIA “Skonto Būve” was established in 1995 and is one of the largest construction companies in Latvia. The company specializes in commercial, residential, and infrastructure construction projects.
Address: Skanstes iela 52, Riga, LV-1013, Latvia
Website: https://www.skontobuve.lv/
Email: info@skontobuve.lv
Phone Number: +371 67 10 07 00
Established: 1995
Founder: Guntis Rāvis
Employees: 600
Services: Commercial, residential, and infrastructure construction
Career: https://www.skontobuve.lv/karjera
3/ SIA “Merks”
Revenue: USD 200 million (2020)
Project Award: Construction of the Riga International Airport passenger terminal, renovation of the Riga Castle
About us: SIA “Merks” was established in 1994 and is one of the largest construction companies in Latvia. The company specializes in commercial, residential, and infrastructure construction projects.
Address: Maskavas iela 240, Riga, LV-1063, Latvia
Website: https://www.merks.lv/
Email: info@merks.lv
Phone Number: +371 67 06 59 00
Established: 1994
Founder: Andris Bišmeistars
Employees: 1,000
Services: Commercial, residential, and infrastructure construction
Career: https://www.merks.lv/karjera
4/ SIA “LNK Industries”
Revenue: USD 180 million (2020)
Project Award: Construction of the Riga International Airport parking lot, renovation of the Riga City Council building
About us: SIA “LNK Industries” was established in 2003 and is one of the fastest-growing construction companies in Latvia. The company specializes in commercial, residential, and infrastructure construction projects.
Address: Maskavas iela 144, Riga, LV-1003, Latvia
Website: https://www.lnk-industries.lv/
Email: info@lnk-industries.lv
Phone Number: +371 67 38 00 88
Established: 2003
Founder: Oļegs Šiņkēvičs
Employees: 800
Services: Commercial, residential, and infrastructure construction
Career: https://www.lnk-industries.lv/lv/karjera
5/ SIA “Būvuzņēmums Velve”
Revenue: USD 60 million (2020)
Project Award: Construction of the Ventspils Creative House, renovation of the St. Peter’s Church
About us: SIA “Būvuzņēmums Velve” was established in 1992 and is one of the oldest construction companies in Latvia. The company specializes in the restoration and reconstruction of historical buildings, but also works on modern construction projects.
Address: Tērbatas iela 33, Riga, LV-1011, Latvia
Website: https://www.velve.lv/
Email: info@velve.lv
Phone Number: +371 67 21 70 54
Established: 1992
Founder: Andris Vēliņš
Employees: 250
Services: Restoration, reconstruction, and modern construction
Career: https://www.velve.lv/karjera
6/ SIA “Re&Re”
Revenue: USD 50 million (2020)
Project Award: Reconstruction of the Riga Castle, renovation of the Latvian National Museum of Art
About us: SIA “Re&Re” was established in 1994 and specializes in the restoration and reconstruction of historical buildings. The company also works on modern construction projects.
Address: Lielirbes iela 11, Riga, LV-1046, Latvia
Website: https://rere.lv/
Email: info@rere.lv
Phone Number: +371 67 51 40 15
Established: 1994
Founder: Jānis Reinbergs
Employees: 200
Services: Restoration, reconstruction, and modern construction
Career: https://rere.lv/lv/karjera
7/ SIA “Lavalin”
Revenue: USD 30 million (2020)
Project Award: Construction of the “Galvaspilsētas ģimnāzija” school in Riga, reconstruction of the “Jūras Vārti” hotel in Liepaja
About us: SIA “Lavalin” was established in 1997 and specializes in residential, commercial, and infrastructure construction projects.
Address: Krišjāņa Valdemāra iela 148, Riga, LV-1013, Latvia
Website: https://www.lavalin.lv/
Email: info@lavalin.lv
Phone Number: +371 67 84 02 20
Established: 1997
Founder: Viktors Ļedovskis
Employees: 150
Services: Residential, commercial, and infrastructure construction
Career: https://www.lavalin.lv/darbs
8/ SIA “UPB”
Revenue: USD 80 million (2020)
Project Award: Construction of the Talsi Cultural Centre, renovation of the Liepaja Olympic Centre
About us: SIA “UPB” was established in 1991 and specializes in the production and installation of prefabricated concrete structures. The company also works on construction projects, mainly in the Baltic States.
Address: Dzelzavas iela 120M, Riga, LV-1021, Latvia
Website: https://upb.lv/
Email: info@upb.lv
Phone Number: +371 67 07 19 00
Established: 1991
Founder: Uldis Pīlēns
Employees: 1,500
Services: Production and installation of prefabricated concrete structures, construction
Career: https://upb.lv/lv/karjera
9/ SIA “Merks”
Revenue: USD 120 million (2020)
Project Award: Construction of the “Akropole” shopping center in Riga, renovation of the Riga Castle
About us: SIA “Merks” was established in 1994 and is one of the largest construction companies in Latvia. The company works on a variety of construction projects, including residential, commercial, and infrastructure.
Address: Duntes iela 11A, Riga, LV-1005, Latvia
Website: https://merks.lv/
Email: info@merks.lv
Phone Number: +371 67 06 06 06
Established: 1994
Founder: Andris Bišmeistars
Employees: 800
Services: Residential, commercial, and infrastructure construction
Career: https://merks.lv/karjera
10/ SIA “Būvuzņēmums Restaurators”
Revenue: USD 15 million (2020)
Project Award: Reconstruction of the Rundāle Palace, renovation of the “Artis Centrum Hotels” in Riga
About us: SIA “Būvuzņēmums Restaurators” was established in 1992 and specializes in the restoration and reconstruction of historical buildings. The company also works on modern construction projects.
Address: Blaumaņa iela 5, Riga, LV-1011, Latvia
Website: https://restaurators.lv/
Email: info@restaurators.lv
Phone Number: +371 67 32 80 16
Established: 1992
Founder: Jānis Veiss
Employees: 100
Services: Restoration, reconstruction, and modern construction
Career: https://restaurators.lv/darba-iespejas
These are the top 10 construction companies in Latvia, ranked by revenue. They all have extensive experience and expertise in the construction industry and have worked on many high-profile projects in Latvia and beyond.
How Do You Choose the Best Construction Company in Latvia
Choosing the best construction company in Latvia can be a challenging task, but here are some factors to consider that can help you make an informed decision:
Experience and Expertise: Look for a construction company that has experience in the type of project you need to be done. Check their portfolio to see their past projects and the range of services they offer. Make sure the company has expertise in the type of construction work you need.
Reputation: Check the company’s reputation by reading reviews from their past clients, checking their ratings on business review websites, and asking for referrals from people who have worked with them before. A good reputation means that the company has a track record of delivering quality work and customer satisfaction.
Licenses and Certifications: Check if the construction company is licensed and certified to operate in Latvia. This ensures that the company follows industry standards and regulations and that their work meets the required quality standards.
Insurance: Ensure that the construction company has proper insurance coverage to protect against any accidents or damages that may occur during the project.
Communication: A good construction company should have excellent communication skills and be responsive to your needs. They should keep you informed about the progress of the project and be open to feedback and suggestions.
Cost: Consider the cost of the project and compare it with other companies in the market. Choose a construction company that provides value for money and fits within your budget.
By considering these factors, you can choose the best construction company in Latvia that meets your needs and delivers quality work.
Detailed Google keyword search rules related to construction in Latvia
Here are some potential Google keyword search rules related to construction in Latvia:
[construction companies Latvia] – This is a broad search that will bring up a range of construction companies operating in Latvia.
[construction projects Latvia] – This search will bring up information about current and past construction projects in Latvia.
[construction industry Latvia] – This search will provide general information about the construction industry in Latvia, including news and trends.
[construction materials Latvia] – This search will provide information about the materials used in construction projects in Latvia.
[construction equipment Latvia] – This search will bring up information about construction equipment suppliers in Latvia.
[architecture firms Latvia] – This search will provide information about architecture firms operating in Latvia.
[building codes Latvia] – This search will provide information about the building codes and regulations in Latvia.
[sustainable construction Latvia] – This search will provide information about sustainable construction practices and initiatives in Latvia.
[construction jobs Latvia] – This search will bring up job postings and information about construction jobs in Latvia.
[construction exhibitions Latvia] – This search will provide information about construction exhibitions and trade shows taking place in Latvia.
It’s important to note that the specific keywords used in a search may vary based on the user’s search intent and the information they are looking for. These are just a few examples of potential search rules related to construction in Latvia.
Construction companies in Latvia
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