GRAÑA Y MONTERO
Three-quarters of a century building Peru

Jose Graña President Graña y Montero

“Nearly 75 years in business have allowed us to make our name stand for quality and reliability. These qualities have permitted us to participate in many of the most important development projects in Peru, and to establish a leadership position in the sectors in which we participate,” says president of Peru’s Graña y Montero (GyM), Jose Graña Miró Quesada (INTERVIEW).

One of Peru’s most well known firms, GyM has played a primary role in Lima’s development. They have built one of the city’s key expressways (the Via Expresa), most of its largest hotels, a significant part of its modern office space and numerous apartment buildings. They have also developed and own Larcomar, an entertainment centre on the coast that gives Machu Pichu a run for its money in terms of visitors. Outside of Peru, they are the constructors of some of Latin America’s best hotels, including the LA Sheraton in Chile and the Four Seasons in Mexico, and have current projects in Bolivia, Dominican Republic and Argentina.

A publicly-traded group with a market capitalisation of $1 billion, GyM operates through subsidiaries, which are leaders in the construction, engineering, oil and gas, infrastructure and information technology sectors. Mr Graña says that now that the economic conditions of Lima’s population are improving, the company has begun to focus on the rapidly growing low-income housing segment. Recently awarded a contract to develop a 3,000-unit housing complex, GyM aims to be building 10,000 units per year in the near future.

“Peru is experiencing extraordinary times,” he observes, citing the high levels of continuous growth in every sector of the economy. “We are starting to focus on improving our competitiveness by enhancing infrastructure and establishing a more flexible labor regulatory framework. Our country risk premium is at record lows, and investment levels are at all time highs. However, both the private and public sectors need to focus further on making progress in achieving and consolidating social stability by targeting our efforts to the reduction of poverty and the improvement of the quality of life of Peruvians.”