Which parts of Poland attract the most investment? Regional ranking and market forecasts

The outlook for Poland’s construction market is becoming increasingly region-specific. One thing, however, remains unchanged – the scale of planned investments continues to grow. Despite ongoing political and economic uncertainty, strategic infrastructure and energy projects are steadily moving from the planning phase to implementation. Spectis’ regional report highlights which provinces are set to see the highest volume of investment and which segments of the construction sector offer the strongest growth potential.

Total value of key investments continues to grow

According to the Spectis report titled "Construction market in Poland 2026-2033 - analysis of 16 regions", the total value of the 960 largest ongoing and planned projects across Poland's 16 regions is estimated at PLN 1,050bn, up from PLN 910bn a year earlier.

For the purpose of the report, we analysed nearly a thousand projects with the greatest potential to influence the future performance of local construction markets. In each voivodeship, we reviewed the 60 most important investments (30 in building construction and 30 in civil engineering). The combined value of flagship projects currently under construction stands at PLN 165bn (similar to a year ago), while those in tendering, planning, or conceptual phases amount to PLN 885bn (up from PLN 745bn).

The average value of an analysed project is PLN 1.1bn, including PLN 544m for buildings and PLN 1.64bn for civil engineering projects. In the civil engineering sector, this high average is driven by several mega-projects worth tens of billions of zlotys.

Which Polish regions attract the most construction investment - Spectis ranking

Analysis of investment plans indicates that the Pomorskie and Mazowieckie voivodeships lead in terms of total project value. In both regions, the value of the 60 largest investments exceeds PLN 100bn.

Next in line in terms of total project value are the Wielkopolskie, Dolnoslaskie, and Lodzkie provinces (exceeding PLN 60bn). The investment appeal of these three regions has been significantly boosted by the government's decision to construct the High-Speed Rail (the so-called "Y" line), with a combined value (including the Mazowieckie section) exceeding PLN 80bn.

Poland's top investments and forecasts by province - 2025 ranking

1. Pomorskie riding the wave, supported by nuclear and offshore sectors

   In the Pomorskie region, leading segments in the coming years will include power and industrial construction (the key investment being the construction of the nuclear power plant) and hydrotechnical engineering (port investments), as well as rail and road investments, partially complementing the investment package around the future nuclear hub. Investments supporting the development of the offshore sector will also make up a significant portion of the pie.

   In the building construction segment, a leading role will be played by residential development projects, located not only in the Tricity area but also in smaller cities across the region. An additional growth impulse may also come from the construction of the Baltic Data Center Campus, planned by WBS Power, which is set to be one of the largest facilities of its kind in Europe.

   

   

2. Mazowieckie - from commercial developments via high-speed rail toward the Poland Hub

   In the Mazowieckie region, we identified the most major investments in civil engineering segments such as power and industrial construction (the Orlen New Chemistry project, formerly Olefins III, and the construction of CCGT units in Kozienice), railway (the Mazowieckie section of the High-Speed Rail line and Metro Line III), as well as road and bridge-tunnel construction. A significant portion of the largest civil engineering investments in the region is directly linked to the implementation of the Poland Hub and the HSR.

   In the building construction sector, most activity will be seen in transport and communication buildings (the key project being the Poland Hub), office buildings, public utility buildings, and residential developments (e.g. F.S.O. Park).

   

3. Wielkopolskie - High-Speed Rail without nuclear?

   The investment outlook for the Wielkopolskie voivodeship has significantly improved due to the government's decision to build the High-Speed Rail. We estimate that over PLN 27bn from the entire HSR "Y" project may be allocated to Wielkopolskie. This investment is particularly crucial for the region, given that Wielkopolskie's candidacy as the second location for a Polish nuclear plant is becoming increasingly uncertain.

   In building construction, the most important investment areas will remain multi-family buildings, industrial and warehouse facilities, and public utility buildings.

   

4. Dolnoslaskie - production, logistics, and housing boosted by high-speed rail

   A significant long-term project supporting construction growth in the region will be the Dolnoslaskie section of the High-Speed Rail, valued at over PLN 6bn. In the coming years, civil engineering growth in Dolnoslaskie will also be driven by the road segment (A4, S5, S8 routes) and power and industrial construction. In the latter category, the planned construction of three new KGHM mining shafts stands out, with a total value of PLN 9bn, the full implementation of which will take over a decade.

   In the area of buildings, the key segments will be industrial and warehouse facilities as well as multi-family housing.

5. Lodzkie - benefitting from its central location

   The Lodzkie voivodeship, like Mazowieckie, Wielkopolskie, and Dolnoslaskie, will be a major beneficiary of the HSR "Y" line construction in the coming years - the region may receive up to PLN 31bn from the entire project pool. Other key civil engineering projects in the region will also involve railway construction, as well as power infrastructure (the pumped-storage hydroelectricity plant on Mount Kamiensk planned by PGE).

   In the building sector, logistics and industrial facilities will remain a significant segment (plans include the expansion of the Loogic Park Radomsko and P3 Piotrkow II centres, as well as the construction of the Hyperscale Data Center Belchatow and the Adaptive Motors Poland electric vehicle factory in Kleszczow), supported by further projects by residential developers across the Lodz agglomeration.

   

    

6. Malopolskie - large infrastructure projects under question

   The top tier of the largest planned civil engineering investments in Malopolskie is filled with ambitious multi-billion ventures including tunnel facilities (the Krakow metro), the execution of which, unfortunately, still remains uncertain. We estimate the total value of six such projects at PLN 25bn.

   The building construction sector looks much more solid, while also demonstrating healthy functional diversification. The largest building investments in the planning or construction phases include: the Essa Kliny housing estate in Krakow, the MAN Truck & Bus Polska truck battery factory in Niepolomice, the 7R Hub tech and production complex in Krakow, and the Tischnera Green Park mixed-use development in Krakow.

7. Slaskie - declining importance of power construction

   The planned energy transition of the Polish economy, closely tied to northern Poland, is causing a clear decline in Slaskie's importance for power construction. As a result, the key civil engineering segments in the region will be roads (especially the S11 expressway and several bypasses), as well as numerous railway investments scattered across the voivodeship (including the modernised E65 line).

   In the building construction sector, dominant areas will include significant industrial and warehouse projects (plans involve the construction of the Elemental Battery Metals metal recovery facility in Zawiercie, the ElectroMobility Poland electromobility hub in Jaworzno, and the DL Invest Park Bielsko-Biala Data Center), transport and communication buildings (expansion of the Slawkow Euroterminal), and multi-family housing.

   

8. Kujawsko-Pomorskie - implementation vision for the largest hydrotechnical projects remains vague

   Unlike many other voivodeships, the implementation of the largest planned investments in the Kujawsko-Pomorskie region (including a dam and hydro power plant on the Vistula River) is fraught with high uncertainty. The railway segment presents relatively well due to the planned modernisation of line 201, alongside the power segment, where two CCGT units are under construction in Grudziadz.

   The leading building investments in the coming years will be public utility buildings (e.g. the expansion and modernisation of the Oncology Centre) and multi-family housing.

9. Zachodniopomorskie - growing focus on investments supporting renewable energy development

   A favourable economic climate in Zachodniopomorskie's civil engineering construction will largely depend on the implementation of significant hydrotechnical projects (including the Deepwater container terminal in Swinoujscie) and road projects (the planned S6 Western Bypass of Szczecin). Additionally, there is a growing number of major investments linked to the energy sector. In Nowy Czarnow near Szczecin, one of Europe's largest energy storage facilities is under construction. Meanwhile, the world's largest offshore wind turbine tower factory by Windar Polska is being built in Szczecin.

   

10. Podkarpackie - S19 implementation and investment concentration around Rzeszow

    In the coming years, Podkarpackie will experience further intensive work on finalising the national expressway network (construction of new sections of the S19 route, and in the longer term also the implementation of the S74 route), which will be accompanied by spectacular viaducts and tunnels.

    A favourable outlook in the building construction segment will largely depend on the implementation of numerous public utility buildings, some of which, however, remain uncertain (e.g. the University Hospital in Swilcza). A significant stimulus for the industrial segment will also be the expansion and modernisation of the Dezamet Metal Works in Nowa Deba as part of the PGZ ammunition factory programme. Numerous projects are also planned in the residential segment, supported by moderately optimistic demographic forecasts for Rzeszow.

11. Podlaskie - roads, rail, and military projects to drive growth

    Key sectors in Podlaskie in the coming years will include road investments (further sections of the S19 expressway) and rail investments (modernisation of the E75 line, also known as Rail Baltica). An additional catalyst for construction activity will be the PLN 10bn Eastern Shield project, which is the largest operation to fortify Poland's eastern border since 1945. The execution of this programme by 2028 is expected to result in numerous mid-sized contracts for local construction firms.

    The building construction segment will be significantly driven by investments in Bialystok, mainly multi-family housing and healthcare facilities.

12. Lubelskie - continued development of transport and logistics infrastructure

    In the Lubelskie region, significant civil engineering investments can be expected in the coming years in railway construction (including the Malaszewicze Reloading Area and numerous projects worth several hundred million zlotys each) and road construction (further sections of the S12, S17, S19, and A2 expressways/motorways).

    The outlook for large-scale building construction projects in the Lubelskie voivodeship appears modest, especially compared to other regions at a similar level of economic development. An exception here is the planned expansion and modernisation of the Mesko plant in Krasnik. This investment, of strategic importance to domestic ammunition production, is scheduled for completion by 2027.

13. Warminsko-Mazurskie focuses on improving road, rail, and tourism infrastructure

    In the area of infrastructure, the main investment activity in Warmia and Mazury will focus on the road segments (S5 and S16 expressways and numerous bypasses) and the rail segment (reconstruction of the E75 line), with some addition of power construction (particularly investments falling under the Harmony Link scope).

    The dominant segment in building construction will remain mid-sized residential development projects, complemented by industrial, warehouse, hospitality, and public utility buildings.

14. Lubuskie - border location key for logistics

    In the Lubuskie voivodeship, the segments with the highest number of identified significant civil engineering projects are power and industrial (including numerous wind and photovoltaic farms) and road construction (mainly sections of national and regional roads). A long-term stimulus for the railway segment will be the planned modernisation of the E20 line on the Poznan-Kunowice section.

    The Lubuskie voivodeship is a region with the most significant dominance of the warehouse segment among the largest planned building projects. Due to its proximity to the Polish-German border and a well-developed road infrastructure, it represents a strategic location for many logistics developers. Despite the fact that the current year is characterised by a slowdown in developer activity in the warehouse space market, it can be expected that in the coming years they will launch at least some of the planned investments.

15. Opolskie - proximity to the A4 attracts further investments in the production sector

    In the Opolskie region, key investment areas in the coming years will be railways and roads (including the S11 expressway), and in the longer term, also the power segment in the form of wind farms.

    Industrial and warehouse buildings clearly dominate the building construction segment, and the largest planned investments are: the Ascend Elements electric vehicle battery materials factory and the Kumho Tire tyre factory.

16. Swietokrzyskie - heading for a road construction mini-boom?

    The most important investment in the region is the construction of the S74 expressway. The final sections of the route are planned for execution in 2032. In the railway segment, the modernisation of railway line No. 8, PKP PLK's largest investment in the voivodeship, is noteworthy.

    In building construction, the key segments will be multi-family housing and public utility buildings. The largest planned residential investment is Nowy Czarnow (investors: Karolkowa Investment, Condite, BC&O Polska), and in the public utility buildings segment - the expansion of the Swietokrzyskie Oncology Centre.

The future of regional construction markets - conclusions and recommendations

A carefully selected list of 960 leading investments, along with investor names, contractors, project values, and execution schedules, are presented in detail in our comprehensive 300+ page report. The publication is accompanied by a database containing key statistics and forecasts (including macroeconomic data, demographics, building permits, construction and assembly output, and the projected number of dwellings under construction).

Nearly 1,000 significant projects look very impressive and demonstrate the long-term investment potential of practically all regions - adjusted to their economic scale, of course. However, as history shows, for some of them delays can be expected in subsequent preparatory stages, some will halt in the planning phase, or be replaced by other alternative projects. Therefore, for those who want to monitor the progress of individual investments, track changes, and fully leverage the potential of significant ventures, we offer our quarterly updated database of the top 3,000 construction projects, available in Excel format.

To learn more or download a sample report, visit our store:

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