The international contracting market has faced stresses in recent years due to falling commodity prices and global economic and political turmoil. The ENR Top 250 International Contractors survey found their total international contracting revenue declined 6.4% in 2016 to $468.12 billion, the third straight year of declines. Regional markets varied, with the Middle East up 9.8% while Canada and Latin America declined sharply. Sectors also differed, with transportation growing while petroleum and power declined due to low oil prices. Contractors have had to adapt by shifting their portfolios to more stable markets and project types.
This document summarizes a presentation given at the CRU Ryan's Notes Ferroalloys 2016 conference held in Miami, Florida from October 23-25, 2016. The presentation, given by Viridis.iQ, focused on silicon as the "energy metal" and its relationship to growing solar markets. Key topics included the impact of solar photovoltaics on silicon demand and production, trends in polysilicon and secondary silicon recycling, and debunking myths about the relationship between oil and solar prices. The document provides an overview of silicon end markets, global solar installation forecasts, and the potential for silicon recycling from decommissioned solar panels.
The document discusses various topics related to oil production, pricing, and environmental issues. It provides an agenda on monthly oil production by key countries, the G7 and environment, ethical oil, oil applications and refining, automotive markets worldwide and for electric vehicles, risks to electric vehicles, the electrical grid, oil rigs vs oil pricing, predictions on whether oil will disappear, oil sands and the environment, oil production standards on environmental performance, indigenous rights, and human rights. It also discusses Justin Trudeau and Canada's oil sector, pipelines in Canada, the future of oil, and various blogs on related issues.
This presentation looks FDI inflow and outflows for Canada. The focus is on key areas like supply chain, raw materials and manufacturing.
The major area of outflow from Canada has been the financial service sector.
The document discusses the history of US trade policy and the General Agreement on Tariffs and Trade (GATT). It summarizes that the Smoot-Hawley Tariff of 1930 raised tariffs and exacerbated the Great Depression, while FDR favored free trade after WWII. The GATT became the main global trade regime after countries rejected an International Trade Organization in 1947. Major GATT trade negotiations from the 1940s-1990s progressively lowered tariffs and other trade barriers.
Ford motorshavethehistoryofprovidingexcellentproductsrangingfromsmallcarstolu...neulerjr
Ford Motor Company has a history of providing excellent products ranging from small cars to luxury brands. However, by 1999 Ford's market share dropped from 25% to 14% as the market value of its products fell. The company was on the verge of collapse due to high debt, a failed market image, retracting customers, and skyrocketing operational costs. Experts said Ford took its eyes off market trends and consumer preferences by only emphasizing SUVs and trucks, having increased operational costs, and lacking communication and market research.
The document provides an overview of key trends in the automotive sector including:
- Shifting production levels between the US, Canada, and Mexico from 2007 to 2018.
- Growing electric vehicle sales, particularly in Norway due to substantial government incentives.
- Issues facing the automotive sector in Ontario like rising costs of labor, hydro rates, and the potential impact of the USMCA trade agreement.
This document provides an overview and outlook of the Australian property market in 2018. It discusses factors like the national economic context, key growth sectors like tourism and education, demographic trends like an aging population, and future transformations from technology like automated vehicles. The global, national, and sector-specific outlooks indicate continued economic growth, shifting investment patterns towards services, and demand driven by population increases and new job growth.
Manufacturing sales and trends for Canada - September 2016paul young cpa, cga
This presentation will look at the manufacturing trends for Canada. The presentation will look at areas like energy, forestry, transportation equipment, food processing and metal fabrication sector.
This document summarizes a presentation given at the CRU Ryan's Notes Ferroalloys 2016 conference held in Miami, Florida from October 23-25, 2016. The presentation, given by Viridis.iQ, focused on silicon as the "energy metal" and its relationship to growing solar markets. Key topics included the impact of solar photovoltaics on silicon demand and production, trends in polysilicon and secondary silicon recycling, and debunking myths about the relationship between oil and solar prices. The document provides an overview of silicon end markets, global solar installation forecasts, and the potential for silicon recycling from decommissioned solar panels.
The document discusses various topics related to oil production, pricing, and environmental issues. It provides an agenda on monthly oil production by key countries, the G7 and environment, ethical oil, oil applications and refining, automotive markets worldwide and for electric vehicles, risks to electric vehicles, the electrical grid, oil rigs vs oil pricing, predictions on whether oil will disappear, oil sands and the environment, oil production standards on environmental performance, indigenous rights, and human rights. It also discusses Justin Trudeau and Canada's oil sector, pipelines in Canada, the future of oil, and various blogs on related issues.
This presentation looks FDI inflow and outflows for Canada. The focus is on key areas like supply chain, raw materials and manufacturing.
The major area of outflow from Canada has been the financial service sector.
The document discusses the history of US trade policy and the General Agreement on Tariffs and Trade (GATT). It summarizes that the Smoot-Hawley Tariff of 1930 raised tariffs and exacerbated the Great Depression, while FDR favored free trade after WWII. The GATT became the main global trade regime after countries rejected an International Trade Organization in 1947. Major GATT trade negotiations from the 1940s-1990s progressively lowered tariffs and other trade barriers.
Ford motorshavethehistoryofprovidingexcellentproductsrangingfromsmallcarstolu...neulerjr
Ford Motor Company has a history of providing excellent products ranging from small cars to luxury brands. However, by 1999 Ford's market share dropped from 25% to 14% as the market value of its products fell. The company was on the verge of collapse due to high debt, a failed market image, retracting customers, and skyrocketing operational costs. Experts said Ford took its eyes off market trends and consumer preferences by only emphasizing SUVs and trucks, having increased operational costs, and lacking communication and market research.
The document provides an overview of key trends in the automotive sector including:
- Shifting production levels between the US, Canada, and Mexico from 2007 to 2018.
- Growing electric vehicle sales, particularly in Norway due to substantial government incentives.
- Issues facing the automotive sector in Ontario like rising costs of labor, hydro rates, and the potential impact of the USMCA trade agreement.
This document provides an overview and outlook of the Australian property market in 2018. It discusses factors like the national economic context, key growth sectors like tourism and education, demographic trends like an aging population, and future transformations from technology like automated vehicles. The global, national, and sector-specific outlooks indicate continued economic growth, shifting investment patterns towards services, and demand driven by population increases and new job growth.
Manufacturing sales and trends for Canada - September 2016paul young cpa, cga
This presentation will look at the manufacturing trends for Canada. The presentation will look at areas like energy, forestry, transportation equipment, food processing and metal fabrication sector.
This document discusses productivity and its importance for economic growth. It examines reasons for slowing productivity growth across OECD countries in recent decades. Key points discussed include the large productivity gaps between frontier firms and laggard firms within industries, slowing adoption of new technologies, and declining business dynamism as seen by falling startup rates. The role of public policy in encouraging the diffusion of innovations from highly productive frontier firms to others is also considered.
This document provides an agenda for a presentation on various topics related to oil production, the automotive industry, electrical vehicles, environmental issues, and policies around oil in Canada. The presentation discusses monthly oil production by key countries, ethical oil, oil applications, automotive markets worldwide and for electric vehicles, risks of electric vehicles, the electrical grid, the relationship between oil rigs and pricing, predictions on whether oil will disappear, oil sands and the environment, rankings of oil producing companies on environmental performance, global emissions, and the future of oil. It also provides blogs on issues related to Canadian oil pipelines, environmental assessment bills, and the interaction between oil and the environment.
The document provides an overview and analysis of trends in the global commercial aircraft MRO market. It summarizes that the MRO market is expected to grow from $67.6 billion in 2016 to over $100 billion in 2026, driven by fleet growth and aging aircraft. The Latin American MRO market is also expected to experience growth, increasing from $3.8 billion to $6.4 billion over the same period. Future trends discussed include macroeconomic forces impacting the industry, sustained high aircraft production backlogs, and growth in aircraft cabin modifications.
2019 Election| Oil and the Environment| Canada| August 2019paul young cpa, cga
Justin Trudeau felt a social license for oil which includes carbon tax would lead to the promise land when it comes to UN (i.e. agenda 2030) - https://www.slideshare.net/paulyoungcga/agenda-2030-sustainable-development
Canada is the 4th largest oil producing country with a strong environmental and humans right record. So, why is Trudeau not pushing oil to the word?
Canada could eliminate the oil sands today and it would do nothing for global emissions
There needs to be a broader discussion on natural resources management including all aspects of the environment along with human rights.
UN needs to stop pushing Agenda 2030 at all cost.
Oil and Gas jobs pay 40% on average more than service sector jobs - https://www.slideshare.net/paulyoungcga/2019-election-wages-and-income-canada-april-2019
Failures of Carbon Tax and Pricing - https://www.slideshare.net/paulyoungcga/2019-election-carbon-and-pollution-taxes-canada-july-2019
This document provides an economist's perspective on trends in Ireland's car market from 2011 onwards. It summarizes that Ireland's GDP declined significantly from 2008-2010 as consumer spending fell over 10% from its peak. While new car sales rebounded in 2010, a sustained recovery in car ownership, traffic volumes, and new car sales will be slow due to continued fiscal tightening and modest consumer spending growth. The economist predicts it will take at least 5 years for car traffic volumes to recover and longer for freight traffic, and that a target new car market of 180,000 units annually is unlikely to be achieved soon.
The G20 is an apt model for global cooperation in today’s world. Its response to the global financial crisis is a testament to the impact G20 members can make when working together. The G20 introduced trillions of dollars in fiscal stimulus packages worldwide, which saved or created millions of jobs that would otherwise have been destroyed. It also put in place measures to limit the collapse of financial markets and helped maintain consumer and business confidence.
Justin Trudeau felt a social license for oil which includes carbon tax would lead to the promise land when it comes to UN (i.e. agenda 2030) - https://www.slideshare.net/paulyoungcga/agenda-2030-sustainable-development
Canada is the 4th largest oil producing country with a strong environmental and humans right record. So, why is Trudeau not pushing oil to the word?
Canada could eliminate the oil sands today and it would do nothing for global emissions
There needs to be a broader discussion on natural resources management including all aspects of the environment along with human rights.
UN needs to stop pushing Agenda 2030 at all cost.
Oil and Gas jobs pay 40% on average more than service sector jobs - https://www.slideshare.net/paulyoungcga/wages-canada-analysis-and-commentary-february-2019
What's next for Automotive| North America and the World| January 2019paul young cpa, cga
There are many issues facing automotive around the world. This presentation gives you a brief look at what is happening to automotive across the world.
Justin Trudeau felt a social license for oil which includes carbon tax would lead to the promise land when it comes to UN (i.e. agenda 2030) - https://www.slideshare.net/paulyoungcga/agenda-2030-sustainable-development
Canada is the 4th largest oil producing country with a strong environmental and humans right record. So, why is Trudeau not pushing oil to the word?
Canada could eliminate the oil sands today and it would do nothing for global emissions
There needs to be a broader discussion on natural resources management including all aspects of the environment along with human rights.
UN needs to stop pushing Agenda 2030 at all cost.
Oil and Gas jobs pay 40% on average more than service sector jobs - https://www.slideshare.net/paulyoungcga/wages-canada-analysis-and-commentary-february-2019
2019 Election| Oil and the Environment| Canada| June 2019paul young cpa, cga
The document discusses various topics related to oil production and the environment, including:
1) It provides data on monthly oil production by key countries and discusses Canada's role as the 4th largest oil producer.
2) It addresses topics like ethical oil, oil applications, automotive markets, electrical vehicles, risks to EVs, the electrical grid, and the relationship between oil rigs and pricing.
3) It also discusses whether oil will disappear, oil sands and the environment, rankings of oil producers on environmental performance, and Justin Trudeau's policies towards Canada's oil industry.
Key Economics and Market Indicators for Canada and United States - March 2017paul young cpa, cga
This presentation looks at both macro and micro indicators for both United States and Canadian economy. The focus is on the major indicators like housing starts, employment, commodity pricing, trade, automotive, oil, class 8 trucks and power generation
The document discusses various topics related to oil production and the environment, including:
1) It provides an agenda on monthly oil production by key countries, oil applications, automotive markets worldwide and electrical vehicles, risks to electrical vehicles, the electrical grid, oil rigs vs oil pricing, predictions on whether oil will disappear, oil sands and the environment, oil company rankings on environmental performance, and Justin Trudeau's policies toward oil.
2) It also includes blogs on various oil-related topics such as new environmental assessment bills, the relationship between oil and the environment, Conservative leader Andrew Scheer's energy policies, and government subsidies.
3) The document examines many facets of the oil industry and
Glasgow City Region - Enhancing ProductivityMartin Jack
Executive Summary
From the waterfront in Greenock to the farmlands of Lanarkshire, Glasgow City Region is the largest
metropolitan area in Scotland. Whilst there is still much to do, the Region is beginning to blossom as
it transforms from its industrial past. In doing so, it is benefitting from taking a regional approach to
addressing its challenges and taking advantage of economic opportunities.
Glasgow City Region is:
• Key to the success of the Scottish Economy – it provides 34% of the country’s jobs.
• Growing – it is expected to add another 30,000 jobs from 2017 to 2021. The largest growth rates are seen in the ICT, Engineering, Tourism, and Legal industries.
• Providing Quality Jobs – recent analysis by the Office of National Statistics shows that the region has the second highest proportion of ‘residents in quality work’, just behind the West of England Combined Authority.
• Increasingly Competitive – its productivity levels have grown by 30% in the last decade. It is currently projected to have higher productivity levels than other post -industrial regions in the UK such as Manchester, Liverpool, Cardiff and West Yorkshire in the next few years.
• Prosperous – the Region’s residents have the highest weekly income amongst the
• UK’s Core Cities.
• Educated – it has the 2nd highest rate of residents (16-64) educated to degree level amongst Core City Regions.
The document discusses appropriate areas for investment and trade in Ukraine. It analyzes Ukraine's economic sectors including agriculture, mining, industry, automotive, construction, tourism, services, retail, and overall market potential. Agriculture shows high investment potential across activities that can increase productivity and yields. The automotive sector is seen as strategic due to low existing production compared to growing demand. Tourism is also an opportunity, particularly around Kiev and in Crimea. Overall, Ukraine presents opportunities for medium and long-term partnerships and trade given its population size, income levels, and geographical location bordering Europe.
The document discusses several topics related to global airport development trends:
- Airport privatization has increased globally since the UK first privatized major airports in 1987. Over 450 airports now have some private sector participation. Pension funds and sovereign wealth funds are increasingly taking controlling stakes.
- The IATA forecasts that China will add nearly 700 million passengers annually by 2034 and be one end of the top three international markets. Other fast growing markets include Indonesia, Turkey, Mexico, and various African and Asian countries. Mature markets like the US will still be important sources of growth.
- Demographic shifts will impact growth in some countries - Russia, Japan and Germany are expected to have shrinking and aging populations, reducing air travel,
The document discusses the need for a national airline policy in the United States. It argues that the U.S. airline industry is critical to economic growth and global competitiveness by connecting domestic and international markets. However, the industry has been undermined by a lack of coherent public policy support. In contrast, many other countries actively support their airline industries. A strong national policy could restore viability to U.S. airlines and enable increased air service, economic growth, and high-paying jobs.
Here is look at Canada competitive position with countries around the globe. Attracting FDI is key area for countries as such costs and productivity come into play when businesses are looking at making business investments.
2019 Election| Oil and the Environment| Canada| July 2019paul young cpa, cga
This document provides an agenda for a presentation on various topics related to oil production, the automotive industry, electrical vehicles, and environmental issues. The agenda includes sections on monthly oil production by key countries, ethical oil, oil applications, automotive markets worldwide and for electric vehicles, risks of electric vehicles, the electrical grid, the relationship between oil rigs and pricing, whether oil will disappear, oil sands and the environment, oil company environmental rankings, Justin Trudeau and Canada's oil industry, and blogs on various oil and energy policy topics.
GCF - Présentation Industry - 1222_.pdfHlnePEYRUSQUE
The document provides an overview of market trends, M&A trends, and GEREJE Corporate Finance's expertise in the industry sector. It discusses current trends such as consolidation in fragmented markets, environmental pressures to reduce emissions, and growth in areas like construction robotics and green building. Recent M&A transactions in aeronautics, construction, and logistics are also summarized. The document outlines GEREJE's experience, international presence, access to investors, track record, and sector expertise in advising companies in the industry space.
This document provides an overview of market and M&A trends in the industry sector. It discusses manufacturing trends globally and challenges around energy recovery and emissions. The aeronautics, construction, and logistics markets are growing with opportunities for consolidation. Recent M&A transactions in these subsectors are presented. The document also outlines GEREJE Corporate Finance's expertise in advising industry sector clients, including their international presence, access to investors, and track record in complex deals.
This document discusses productivity and its importance for economic growth. It examines reasons for slowing productivity growth across OECD countries in recent decades. Key points discussed include the large productivity gaps between frontier firms and laggard firms within industries, slowing adoption of new technologies, and declining business dynamism as seen by falling startup rates. The role of public policy in encouraging the diffusion of innovations from highly productive frontier firms to others is also considered.
This document provides an agenda for a presentation on various topics related to oil production, the automotive industry, electrical vehicles, environmental issues, and policies around oil in Canada. The presentation discusses monthly oil production by key countries, ethical oil, oil applications, automotive markets worldwide and for electric vehicles, risks of electric vehicles, the electrical grid, the relationship between oil rigs and pricing, predictions on whether oil will disappear, oil sands and the environment, rankings of oil producing companies on environmental performance, global emissions, and the future of oil. It also provides blogs on issues related to Canadian oil pipelines, environmental assessment bills, and the interaction between oil and the environment.
The document provides an overview and analysis of trends in the global commercial aircraft MRO market. It summarizes that the MRO market is expected to grow from $67.6 billion in 2016 to over $100 billion in 2026, driven by fleet growth and aging aircraft. The Latin American MRO market is also expected to experience growth, increasing from $3.8 billion to $6.4 billion over the same period. Future trends discussed include macroeconomic forces impacting the industry, sustained high aircraft production backlogs, and growth in aircraft cabin modifications.
2019 Election| Oil and the Environment| Canada| August 2019paul young cpa, cga
Justin Trudeau felt a social license for oil which includes carbon tax would lead to the promise land when it comes to UN (i.e. agenda 2030) - https://www.slideshare.net/paulyoungcga/agenda-2030-sustainable-development
Canada is the 4th largest oil producing country with a strong environmental and humans right record. So, why is Trudeau not pushing oil to the word?
Canada could eliminate the oil sands today and it would do nothing for global emissions
There needs to be a broader discussion on natural resources management including all aspects of the environment along with human rights.
UN needs to stop pushing Agenda 2030 at all cost.
Oil and Gas jobs pay 40% on average more than service sector jobs - https://www.slideshare.net/paulyoungcga/2019-election-wages-and-income-canada-april-2019
Failures of Carbon Tax and Pricing - https://www.slideshare.net/paulyoungcga/2019-election-carbon-and-pollution-taxes-canada-july-2019
This document provides an economist's perspective on trends in Ireland's car market from 2011 onwards. It summarizes that Ireland's GDP declined significantly from 2008-2010 as consumer spending fell over 10% from its peak. While new car sales rebounded in 2010, a sustained recovery in car ownership, traffic volumes, and new car sales will be slow due to continued fiscal tightening and modest consumer spending growth. The economist predicts it will take at least 5 years for car traffic volumes to recover and longer for freight traffic, and that a target new car market of 180,000 units annually is unlikely to be achieved soon.
The G20 is an apt model for global cooperation in today’s world. Its response to the global financial crisis is a testament to the impact G20 members can make when working together. The G20 introduced trillions of dollars in fiscal stimulus packages worldwide, which saved or created millions of jobs that would otherwise have been destroyed. It also put in place measures to limit the collapse of financial markets and helped maintain consumer and business confidence.
Justin Trudeau felt a social license for oil which includes carbon tax would lead to the promise land when it comes to UN (i.e. agenda 2030) - https://www.slideshare.net/paulyoungcga/agenda-2030-sustainable-development
Canada is the 4th largest oil producing country with a strong environmental and humans right record. So, why is Trudeau not pushing oil to the word?
Canada could eliminate the oil sands today and it would do nothing for global emissions
There needs to be a broader discussion on natural resources management including all aspects of the environment along with human rights.
UN needs to stop pushing Agenda 2030 at all cost.
Oil and Gas jobs pay 40% on average more than service sector jobs - https://www.slideshare.net/paulyoungcga/wages-canada-analysis-and-commentary-february-2019
What's next for Automotive| North America and the World| January 2019paul young cpa, cga
There are many issues facing automotive around the world. This presentation gives you a brief look at what is happening to automotive across the world.
Justin Trudeau felt a social license for oil which includes carbon tax would lead to the promise land when it comes to UN (i.e. agenda 2030) - https://www.slideshare.net/paulyoungcga/agenda-2030-sustainable-development
Canada is the 4th largest oil producing country with a strong environmental and humans right record. So, why is Trudeau not pushing oil to the word?
Canada could eliminate the oil sands today and it would do nothing for global emissions
There needs to be a broader discussion on natural resources management including all aspects of the environment along with human rights.
UN needs to stop pushing Agenda 2030 at all cost.
Oil and Gas jobs pay 40% on average more than service sector jobs - https://www.slideshare.net/paulyoungcga/wages-canada-analysis-and-commentary-february-2019
2019 Election| Oil and the Environment| Canada| June 2019paul young cpa, cga
The document discusses various topics related to oil production and the environment, including:
1) It provides data on monthly oil production by key countries and discusses Canada's role as the 4th largest oil producer.
2) It addresses topics like ethical oil, oil applications, automotive markets, electrical vehicles, risks to EVs, the electrical grid, and the relationship between oil rigs and pricing.
3) It also discusses whether oil will disappear, oil sands and the environment, rankings of oil producers on environmental performance, and Justin Trudeau's policies towards Canada's oil industry.
Key Economics and Market Indicators for Canada and United States - March 2017paul young cpa, cga
This presentation looks at both macro and micro indicators for both United States and Canadian economy. The focus is on the major indicators like housing starts, employment, commodity pricing, trade, automotive, oil, class 8 trucks and power generation
The document discusses various topics related to oil production and the environment, including:
1) It provides an agenda on monthly oil production by key countries, oil applications, automotive markets worldwide and electrical vehicles, risks to electrical vehicles, the electrical grid, oil rigs vs oil pricing, predictions on whether oil will disappear, oil sands and the environment, oil company rankings on environmental performance, and Justin Trudeau's policies toward oil.
2) It also includes blogs on various oil-related topics such as new environmental assessment bills, the relationship between oil and the environment, Conservative leader Andrew Scheer's energy policies, and government subsidies.
3) The document examines many facets of the oil industry and
Glasgow City Region - Enhancing ProductivityMartin Jack
Executive Summary
From the waterfront in Greenock to the farmlands of Lanarkshire, Glasgow City Region is the largest
metropolitan area in Scotland. Whilst there is still much to do, the Region is beginning to blossom as
it transforms from its industrial past. In doing so, it is benefitting from taking a regional approach to
addressing its challenges and taking advantage of economic opportunities.
Glasgow City Region is:
• Key to the success of the Scottish Economy – it provides 34% of the country’s jobs.
• Growing – it is expected to add another 30,000 jobs from 2017 to 2021. The largest growth rates are seen in the ICT, Engineering, Tourism, and Legal industries.
• Providing Quality Jobs – recent analysis by the Office of National Statistics shows that the region has the second highest proportion of ‘residents in quality work’, just behind the West of England Combined Authority.
• Increasingly Competitive – its productivity levels have grown by 30% in the last decade. It is currently projected to have higher productivity levels than other post -industrial regions in the UK such as Manchester, Liverpool, Cardiff and West Yorkshire in the next few years.
• Prosperous – the Region’s residents have the highest weekly income amongst the
• UK’s Core Cities.
• Educated – it has the 2nd highest rate of residents (16-64) educated to degree level amongst Core City Regions.
The document discusses appropriate areas for investment and trade in Ukraine. It analyzes Ukraine's economic sectors including agriculture, mining, industry, automotive, construction, tourism, services, retail, and overall market potential. Agriculture shows high investment potential across activities that can increase productivity and yields. The automotive sector is seen as strategic due to low existing production compared to growing demand. Tourism is also an opportunity, particularly around Kiev and in Crimea. Overall, Ukraine presents opportunities for medium and long-term partnerships and trade given its population size, income levels, and geographical location bordering Europe.
The document discusses several topics related to global airport development trends:
- Airport privatization has increased globally since the UK first privatized major airports in 1987. Over 450 airports now have some private sector participation. Pension funds and sovereign wealth funds are increasingly taking controlling stakes.
- The IATA forecasts that China will add nearly 700 million passengers annually by 2034 and be one end of the top three international markets. Other fast growing markets include Indonesia, Turkey, Mexico, and various African and Asian countries. Mature markets like the US will still be important sources of growth.
- Demographic shifts will impact growth in some countries - Russia, Japan and Germany are expected to have shrinking and aging populations, reducing air travel,
The document discusses the need for a national airline policy in the United States. It argues that the U.S. airline industry is critical to economic growth and global competitiveness by connecting domestic and international markets. However, the industry has been undermined by a lack of coherent public policy support. In contrast, many other countries actively support their airline industries. A strong national policy could restore viability to U.S. airlines and enable increased air service, economic growth, and high-paying jobs.
Here is look at Canada competitive position with countries around the globe. Attracting FDI is key area for countries as such costs and productivity come into play when businesses are looking at making business investments.
2019 Election| Oil and the Environment| Canada| July 2019paul young cpa, cga
This document provides an agenda for a presentation on various topics related to oil production, the automotive industry, electrical vehicles, and environmental issues. The agenda includes sections on monthly oil production by key countries, ethical oil, oil applications, automotive markets worldwide and for electric vehicles, risks of electric vehicles, the electrical grid, the relationship between oil rigs and pricing, whether oil will disappear, oil sands and the environment, oil company environmental rankings, Justin Trudeau and Canada's oil industry, and blogs on various oil and energy policy topics.
GCF - Présentation Industry - 1222_.pdfHlnePEYRUSQUE
The document provides an overview of market trends, M&A trends, and GEREJE Corporate Finance's expertise in the industry sector. It discusses current trends such as consolidation in fragmented markets, environmental pressures to reduce emissions, and growth in areas like construction robotics and green building. Recent M&A transactions in aeronautics, construction, and logistics are also summarized. The document outlines GEREJE's experience, international presence, access to investors, track record, and sector expertise in advising companies in the industry space.
This document provides an overview of market and M&A trends in the industry sector. It discusses manufacturing trends globally and challenges around energy recovery and emissions. The aeronautics, construction, and logistics markets are growing with opportunities for consolidation. Recent M&A transactions in these subsectors are presented. The document also outlines GEREJE Corporate Finance's expertise in advising industry sector clients, including their international presence, access to investors, and track record in complex deals.
The document summarizes the environmental services market and the top 200 environmental firms for 2016. Some key points:
- Total revenue for the top 200 firms grew 3.8% to $53.4 billion, with US revenue increasing 10.7% to over $40 billion for the first time in 4 years.
- Changes in government and economic conditions impacted some global regions, with revenue down in Australia and Canada but up in Europe.
- The power sector is seen as a new growth area as the energy, mining and steel industries decline.
- AECOM became the #1 firm after acquiring URS Corp, and MWH Global made its last appearance on the list before being acquired by Stante
The document summarizes key findings from the EY's US Investment Monitor (USIM) report on economic development and investment in the United States in 2014. Some of the main points include:
- Texas attracted the most capital investment ($25.9 billion) and jobs (33,400) in 2014, followed by Louisiana and New York.
- Large investments were made in chemical manufacturing, renewable energy like solar and batteries, and liquefied natural gas export facilities.
- Foreign investment totaled $36 billion, with China, Germany, and Japan among the top investing countries.
- While a few large projects garner attention, most investments are smaller, under $250 million and 500 jobs.
- Kentucky
In 2019, we saw evidence of the impact of economic headwinds on overall mergers and acquisitions (M&A) activity, with global deal value declining 33% from Q4 2018 to US$20.6b. Deal value increased in the renewables and water and wastewater segments quarter on quarter while decreasing in the remaining segments.
The document provides an overview of market and M&A trends in the aeronautics and defense sector. It notes that the COVID-19 pandemic disrupted the sector, especially commercial aeronautics, but that the sector is slowly recovering. Defense revenues increased. New opportunities are emerging from market reshaping and consolidation. The global MRO market is expected to grow to $108 billion by 2026. M&A activity has returned to pre-COVID levels, driven by consolidation, new technologies, and environmental demands. The document then outlines Gereje Corporate Finance's expertise in advising companies in this sector, including their network of over 300 companies and 400 investors globally.
GCF - Our Added Value in A&D Sector 0923.pdfsunclarisse
The document provides an overview of market and M&A trends in the aeronautics and defense sector. It notes that the COVID-19 pandemic disrupted the sector, especially commercial aeronautics, but that the sector is slowly recovering. Defense revenues increased. New opportunities are emerging from market reshaping and consolidation. The global MRO market is expected to grow to $108 billion by 2026. M&A activity has returned to pre-COVID levels, driven by consolidation, new technologies, and environmental demands. The document then outlines Gereje Corporate Finance's expertise in advising companies in this sector, including their network of over 300 companies and 400 investors globally.
Country overview & investment opportunities - ArgentinaEY Argentina
Argentina provides investment opportunities across multiple sectors totaling more than US$265 billion. Key sectors highlighted in the document include infrastructure (US$142 billion), energy (US$35 billion), mining (US$30 billion), oil and gas (US$25 billion), agribusiness (US$26 billion), and industrial goods (US$8 billion). The political and economic environment in Argentina has stabilized under President Macri, pursuing pro-market reforms and macroeconomic normalization after years of interventionist policies. Challenges remain in reducing inflation, the fiscal deficit, and poverty while generating sustainable economic growth and employment.
GCF - Our Added Value in A&D Sector 0124.pdfClarisse35
Here are the key steps in our buy-side M&A methodology:
1. Preparation of a 'Long-List' of potential targets in the targeted sector and geographical area and ranking them in order of interest and according to M&A criteria (sales, EBITDA, etc.).
2. Initiate contact between GEREJE and the target(s) (without giving the name of the client) to validate their actionability.
3. Meeting between GEREJE and the client to select a short list.
4. Preparation of a teaser and confidential information memorandum on the shortlisted targets.
5. Initiation of confidential discussions and due diligence with the selected target.
GCF - Our Added Value in A&D Sector 0124.pdfClarisse35
Here are the key steps in our buy-side M&A methodology:
1. Preparation of a 'Long-List' of potential targets in the targeted sector and geographical area and ranking them in order of interest and according to M&A criteria (sales, EBITDA, etc.).
2. Initiate contact between GEREJE and the target(s) (without giving the name of the client) to validate their actionability.
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150 international contractors
1. enr.com August 21/28, 2017 ENR 33
PHOTOCOURTESYOFBECHTEL
MOUNTAIN
VIEW
In a joint venture
with Enka Insaat,
Bechtel is building
the Kosovo Motor-
way, connecting
Kosovo’s capital,
Pristina, with FYR
Macedonia.
A Tough Look at a Tough Market
Low oil prices and global economic and political turmoil have firms taking a
hard look at the market’s risks and rewards By Gary J. Tulacz and Peter Reina
International Contractors
NUMBER05
Overview p. 34 // International Market Analysis p. 34 // Past Decade’s International Contracting Revenue p. 34 // International
Region Analysis p. 35 // 2016 Revenue Breakdown p. 35 // 2016 New Contracts p. 35 // Domestic Staff Hiring p. 35
International Staff Hiring p. 35 // Profit-Loss p. 36 // 2016 Backlog p. 36 // Top 10 by Region p. 36 // Top 10 by Market p. 37
Top 20 Non-U.S. International Construction/Program Managers p. 38 // Top 20 Non-U.S. Global Construction/Program
Managers p. 38 // Powering Saudi Arabia’s Jazan Industrial City p. 39 // How Contractors Shared the 2016 Market p. 40
How To Read the Tables p. 40 // Top 250 International Contractors List p. 41 // International Contractors Index p. 46
Top 250 Global Contractors List p. 47 // Global Contractors Index p. 52
0821_Top250_Cover_6.indd 33 8/15/17 11:31 AM
2. The market for international contractors has been
undergoing stresses over the past four years, starting
with a drop in commodity metals prices, which curbed
the mining sector, closely followed by the collapse in
oil prices. International contractors also have had to
contend with national political and financial upheavals.
The uncertainties in the international construc-
tion market can be seen in the results of the ENR Top
250 International Contractors survey. This list ranks
firms based on contracting revenue from projects
outside of their home countries, measuring their pres-
ence in international commerce. ENR’s Top 250
Global Contractors list also ranks contractors based
on total worldwide contracting revenue, regardless
of project locations.
The Top 250 International Contractors reported
$468.12 billion in contracting revenue in 2016 from
projects outside their home countries, down 6.4%,
from $501.14 billion, in 2015. This is the third
straight year showing a drop in Top 250 revenue. As
a group, firms also reported $927.94 billion in
revenue from domestic projects in 2016, up 3.4%,
from $897.33 billion, in 2015.
On a regional basis, the Middle East was the
biggest gainer, up 9.8%, to $84.02 billion, in 2016.
This increase still is well below the $91.32 billion
earned by the Top 250 in 2012. Europe also saw
a modest gain in 2016, rising 2.7%, to $95.99 billion.
The international contracting market in Canada
continued its free fall, down 18.4%, to $18.72 billion,
in 2016 after falling 22.4% last year. The Canadian
market is off 45.3% since 2013, reflecting the down-
turn in its oil-sands market. The biggest loser was
the Latin American market, which declined 42.9%
on weakening economies and political turmoil.
Among market sectors, the petroleum market is
the most prominent one under siege. Revenue from
petroleum-related projects among the Top 250 fell
8.6%, to $104.51 billion, in 2016 and is down 16.3%
from 2015. The buildings market fell in 2016, down
5.1%, to $101.43 billion, while the power market also
sagged, dropping 15.8%, to $45.55 billion.
In contrast, the transportation market, the largest
international market for the Top 250, has continued
to grow through global tumult, rising 3.4%, to
$144.38 billion.
Greasing the Skids
Low oil prices are putting a severe damper on petro-
leum projects throughout much of the world. Oil
prices per barrel remain in the low $40 range, and
many firms believe this price trend will continue for
the foreseeable future.
An example of the impact of low oil prices was the
34 Ⅲ ENR Ⅲ August 21/28, 2017 enr.com
THE TOP 250 INTERNATIONAL CONTRACTORS
Water
$12,218.8Sewer/Waste
$6,013.9
Transportation
$144,378.7
Manufacturing
$10,097.1
Petroleum
$104,507.7
Industrial
$14,698.0Telecom
$4,769.8
Power
$45,552.6
Other
$23,258.7
Buildings
$101,432.4
Hazardous
Waste
$1,192.8
0.3%
1.0%
1.3%
2.6%
2.2% 3.1%
5.0%
9.7%
22.3%
30.8%
21.7%
SOURCE: ENR
(Measured $ millions)
Comparing the Past
Decade’s International
Contractor Revenue
*THE 2012 FIGURE IS FOR THE TOP 225 INTERNATIONAL CONTRACTORS. THE EXPANDED TOP 250 LIST FIRMS HAD A COMBINED REVENUE OF $468.1 BILLION.
$310.3
2007
$390.0
2008
$383.8
2009
$383.7
2010
$453.0
2011
$468.1
2016
$507.5*
2012
$544.0
2013
(in $ billions)
SOURCE: ENR
$521.5
2014
$500.1
2015
Int’l Market Analysis
“The
contracting
industry is
being affected
by the
aggressive
stand by some
government-
backed
companies
from China and
Korea with
financing
offices.”
Samer Khoury,
President,
Engineering and
Construction,
Consolidated
Contractors
Group
0821_Top250_Overview.indd 34 8/15/17 11:33 AM
3. July 26 announcement by Malaysia’s national oil com-
pany, Petronas, that it had cancelled the Pacific North-
West LNG project at Port Edward, British Columbia.
The decision was a result of “the prolonged depressed
prices and shifts in the energy industry,” it noted.
Firms in the petroleum market expect more of the
same. “Unless oil stabilizes at $50/bbl or above, we
should expect the negative trends to continue,” says
Samer Khoury, president of engineering and construc-
tion at Greece-based Consolidated Contractors Group.
But the news is not all bad in the petrochemical
arena. Many oil producers are focusing their capital
spending on projects to optimize processes and
reduce maintenance costs, says Pierroberto Folgiero,
CEO of Italy’s Maire Tecnimont Group. “This means
pipelines and lots of infrastructure,” he observes.
Further, cheap gas is a strong driver in many
regions. “The gas-rich USA is kind of the place to be
for a downstream contractor,” Folgiero says. Down-
stream gas is strong in many regions, whether for
export purposes or as feedstock for fertilizer and poly-
olefins plants, he notes.
On the other hand, the trend toward urbanization
has forced nations to invest in infrastructure. “Every
nation has drawn the blueprint for the economy
[revitalization] and given priority for some large and
important projects,” says Li Runyao, commercial
manager of China Energy Engineering Corp. Ltd.
Urbanization and the subsequent need for sup-
porting infrastructure is a global phenomenon.
“Egypt, Algeria, Saudi Arabia and Iraq are classified
as young, populous, emerging countries with
increased demand for infrastructure. These funda-
mentals should provide continued opportunities for
years to come,” says Osama Bishai, CEO of Egypt’s
Orascom Construction.
This development has led to a surge in work to
support urbanization efforts. The growth of mega-
cities and the quest for sustainability are boosting
transportation and renewable-energy orders to a de-
gree “that had not been the case for decades,” thinks
Pietro Salini, CEO of Italy’s Salini Impregilo SpA.
Risky Business
These trends have caused some large contractors to
reassess their portfolios. Many international contrac-
tors report having some success in shifting gears. For
example, after a period of falling sales, “we are growing
again,” says Jérôme Stubler, chairman of Paris-based
VINCI Construction.
VINCI took this road because of changes in many
of its base markets. Cuts in local French government
spending hurt VINCI at home in the past few years,
says Stubler. At the same time, low oil prices reduced
enr.com August 21/28, 2017 ENR 35
OVERVIEW
(Measured $ millions)
United
States
$53,595.2
Latin
America
$30,906.8
North
Africa
$23,635.8
Europe
$95,985.3
Canada
$18,717.9 South and
Central Africa
$37,903.8
20.5%
Middle
East
$84,019.3
17.9%
Asia and
Australia
$120,306.1
25.7%
5.0%
8.1%
Arctic/
Antarctic
$203.2
0.0%
4.0%
Caribbean
Islands
$2,847.3
0.6%
11.4%
6.6%
Domestic Revenue
International Revenue
Total Revenue
Revenue (in $ billions)
$1,396.1
$927.9
$468.1
SOURCE: ENR
Domestic New Contracts
Int’l New Contracts
Total New Contracts
New Contracts (in $ billions)
$1,893.8
$1,386.7
$507.1
SOURCE: ENR
Int’l Region Analysis
of the Top 250
sent in surveys
last year
229
increased
international
revenue in 2016
48.9%
had lower
international
revenue in 2016
51.1%
SOURCE: ENR
Increase
Decrease
Stayed the Same
(Measured in
firms reporting)
Professional
International
Staff Hiring
80
50
77
Professional
Domestic
Staff Hiring
83
50
79
0821_Top250_Overview.indd 35 8/15/17 11:38 AM
4. demand for its specialty division in that sector and hit
infrastructure spending in its African markets, he
adds. VINCI retains a network in France’s former
African colonies, some of which rely on oil exports.
“We see lots of projects, but [they are] lacking
financing,” says Stubler.
For Sweden’s Skanska AB, the market is “strong in
all our geographies,” says Johan Karlström,
president and CEO. Compared to last year, orders are
up in Nordic and European markets but down in the
U.S., where the firm faces “fierce” competition, he adds.
Many contractors complain that clients are
becoming more demanding and, in some cases, less
reliable because of economic upheavals. Lebanon’s
Contracting and Trading Co., aka C.A.T. Group, has
had some problems pursuing projects “caused by tight
cash flows, stricter and riskier contractual terms and
conditions, and many cancelled prospects to which
we have bid with unclear communication from some
clients,” says Georges Hage, group CEO.
The Top 10 by Region
Domestic Profit Domestic Loss
International Profit International Loss
Reporting Profit-Loss
(Measured in firms reporting)
SOURCE: ENR
154 158
37 31
Increase Decrease
Stayed the same
Total Backlog
(Measured in firms reporting)
SOURCE: ENR
94
70
52
For expanded
content on the
ENR Top Lists,
see ENR.com/
toplists.
Onthe
Web
36 ENR August 21/28, 2017 enr.com
THE TOP 250 INTERNATIONAL CONTRACTORS
1 ASIA
RANK
Top 10 Revenue: $56,612.5 Mil.
Sector’s Revenue: $120,306.1 Mil.2017 2016
1 4 CHINA COMM. CONSTRUCTION GROUP LTD.
2 2 ACS, ACTIVIDADES DE CONSTRUCCIÓN Y SERVICIOS SA
3 1 HOCHTIEF AKTIENGESELLSCHAFT
4 7 CHINA STATE CONSTRUCTION ENG’G CORP.
5 3 BECHTEL
6 10 CIMIC GROUP LTD.
7 6 POWER CONSTRUCTION CORP. OF CHINA
8 5 SAMSUNG C&T
9 9 HYUNDAI ENG’G & CONSTRUCTION CO. LTD.
10 ** SAIPEM SPA
2 EUROPE
RANK
Top 10 Revenue: $62,483.1 Mil.
Sector’s Revenue: $95,985.3 Mil.2017 2016
1 1 STRABAG
2 2 VINCI
3 8 BECHTEL
4 3 SKANSKA AB
5 ** TECHNIP
6 5 FERROVIAL
7 4 BOUYGUES
8 6 ROYAL BAM GROUP NV
9 9 ACS, ACTIVIDADES DE CONSTRUCCIÓN Y SERVICIOS SA
10 10 RENAISSANCE CONSTRUCTION
3 UNITED STATES
RANK
Top 10 Revenue: $43,158.1 Mil.
Sector’s Revenue: $53,595.2 Mil.2017 2016
1 1 ACS, ACTIVIDADES DE CONSTRUCCIÓN Y SERVICIOS SA
2 2 HOCHTIEF AKTIENGESELLSCHAFT
3 3 SKANSKA AB
4 5 OBAYASHI CORP.
5 7 ORASCOM CONSTRUCTION LTD.
6 8 KAJIMA CORP.
7 6 BOUYGUES
8 ** SALINI IMPREGILO SPA
9 ** FERROVIAL
10 ** OHL SA (OBRASCON HUARTE LAIN SA)
4 MIDDLE EAST
RANK
Top 10 Revenue: $31,214.1 Mil.
Sector’s Revenue: $84,019.3 Mil.2017 2016
1 1 CONSOLIDATED CONTRACTORS GROUP
2 3 PETROFAC LTD.
3 2 HYUNDAI ENG’G & CONSTRUCTION CO. LTD.
4 4 LARSEN & TOUBRO LTD.
5 ** TECNICAS REUNIDAS
6 ** SK E&C
7 8 GS ENGINEERING & CONSTRUCTION
8 6 SAMSUNG C&T
9 10 SAIPEM SPA
10 ** POWER CONSTRUCTION CORP. OF CHINA
5 LATIN AMERICA/CARIBBEAN
RANK
Top 10 Revenue: $15,661.0 Mil.
Sector’s Revenue: $33,754.0 Mil.2017 2016
1 2 ACS, ACTIVIDADES DE CONSTRUCCIÓN Y SERVICIOS SA
2 1 ODEBRECHT ENGENHARIA E CONSTRUCAO SA
3 ** TECHNIP
4 5 OHL SA (OBRASCON HUARTE LAIN SA)
5 ** CITIC CONSTRUCTION CO. LTD.
6 ** CHINA COMM. CONSTRUCTION GROUP LTD.
7 ** POWER CONSTRUCTION CORP. OF CHINA
8 ** VINCI
9 ** SACYR
10 7 HYUNDAI ENG’G & CONSTRUCTION CO. LTD.
6 CANADA
RANK
Top 10 Revenue: $13,596.2 Mil.
Sector’s Revenue: $18,717.9 Mil.2017 2016
1 1 PCL CONSTRUCTION ENTERPRISES INC.
2 3 FLUOR CORP.
3 5 BOUYGUES
4 7 ACS, ACTIVIDADES DE CONSTRUCCIÓN Y SERVICIOS SA
5 4 KIEWIT CORP.
6 6 WORLEYPARSONS
7 8 HOCHTIEF AKTIENGESELLSCHAFT
8 2 BECHTEL
9 ** VINCI
10 10 AECOM
7 AFRICA
RANK
Top 10 Revenue: $29,592.7 Mil.
Sector’s Revenue: $61,539.6 Mil.2017 2016
1 1 CHINA COMM. CONSTRUCTION GROUP LTD.
2 2 POWER CONSTRUCTION CORP. OF CHINA
3 10 CHINA RAILWAY CONSTRUCTION CORP. LTD.
4 3 CHINA RAILWAY GROUP LTD.
5 5 CHINA STATE CONSTR. ENG’G CORP. LTD.
6 4 SAIPEM SPA
7 ** TECHNIP
8 9 ORASCOM CONSTRUCTION LTD.
9 8 VINCI
10 ** DAEWOO ENG’G & CONSTRUCTION CO. LTD.
0821_Top250_Overview.indd 36 8/15/17 11:34 AM
5. Many contractors also are concerned about national
economic conditions and exchange rates. “The main
negative issue we see in the future is the cost of money
and the fluctuations in financial markets,” says Cenk
Düzyol, a board member of Turkey’s Renaissance
Construction. “It has been an uphill battle to sustain
cash flow due to hectic international markets and U.S.
dollar and euro value fluctuations.”
Inflation has hit hard many formerly prosperous
markets in Latin America. But other major markets
also are experiencing the problem. High inflation in
Egypt has increased the cost of investment, says
Bishai. “While our contracts have the right provisions
and terms that protect us from this, new investors are
less likely to develop greenfield projects if the cost of
borrowing and investment is elevated,” he adds.
Many firms are taking steps to mitigate their risks.
On July 14, Skanska said it was booking nearly $100
million of write-downs on troubled U.K. and U.S.
projects where unexpected project delays caused costs
The Top 10 by Market
enr.com August 21/28, 2017 ENR 37
OVERVIEW
1 TRANSPORTATION
RANK
Top 10 Revenue: $75,234.6 Mil.
Sector’s Revenue: $144,378.7 Mil.2017 2016
1 1 CHINA COMM. CONSTRUCTION GROUP LTD.
2 3 ACS, ACTIVIDADES DE CONSTRUCCIÓN Y SERVICIOS SA
3 10 BECHTEL
4 2 VINCI
5 4 BOUYGUES
6 5 STRABAG
7 8 HOCHTIEF AKTIENGESELLSCHAFT
8 7 FERROVIAL
9 9 SKANSKA AB
10 ** SALINI IMPREGILO SPA
2 PETROLEUM
RANK
Top 10 Revenue: $57,175.2 Mil.
Sector’s Revenue: $104,507.7 Mil.2017 2016
1 1 TECHNIP
2 2 SAIPEM SPA
3 5 PETROFAC LTD.
4 3 BECHTEL
5 6 FLUOR CORP.
6 7 TECNICAS REUNIDAS
7 4 JGC CORP.
8 8 CHIYODA CORP.
9 ** ACS, ACTIVIDADES DE CONSTRUCCIÓN Y SERVICIOS SA
10 ** HYUNDAI ENG’G & CONSTRUCTION CO. LTD.
3 BUILDINGS
RANK
Top 10 Revenue: $51,501.8 Mil.
Sector’s Revenue: $101,432.4 Mil.2017 2016
1 2 ACS, ACTIVIDADES DE CONSTRUCCIÓN Y SERVICIOS SA
2 1 HOCHTIEF AKTIENGESELLSCHAFT
3 5 CHINA STATE CONSTR. ENGINEERING CORP.
4 3 SKANSKA AB
5 4 STRABAG
6 6 BOUYGUES
7 10 ROYAL BAM GROUP NV
8 9 KAJIMA CORP.
9 8 PCL CONSTRUCTION ENTERPRISES INC.
10 ** CIMIC GROUP LTD.
4 POWER
RANK
Top 10 Revenue: $25,744.8 Mil.
Sector’s Revenue: $45,552.7 Mil.2017 2016
1 1 POWER CONSTRUCTION CORP. OF CHINA
2 ** CHINA ENERGY ENGINEERING CORP. LTD.
3 3 HYUNDAI ENG’G & CONSTRUCTION CO. LTD.
4 5 VINCI
5 ** SAMSUNG C&T
6 7 ACS, ACTIVIDADES DE CONSTRUCCIÓN Y SERVICIOS SA
7 8 CHINA NATIONAL MACHINERY INDUSTRY CORP.
8 ** HARBIN ELECTRIC INTERNATIONAL CO. LTD.
9 10 LARSEN & TOUBRO LTD.
10 2 ODEBRECHT ENGENHARIA E CONSTRUCAO SA
5 INDUSTRIAL
RANK
Top 10 Revenue: $9,140.1 Mil.
Sector’s Revenue: $14,698.0 Mil.2017 2016
1 2 DANIELI & C. OFFICINE MECCANICHE SPA
2 6 CHINA METALLURGICAL GROUP CORP.
3 1 BECHTEL
4 3 FLUOR CORP.
5 4 ORASCOM CONSTRUCTION LTD.
6 7 STRABAG
7 9 VINCI
8 ** JACOBS
9 ** SINOSTEEL EQUIPMENT & ENG. CO. LTD.
10 ** RENAISSANCE CONSTRUCTION
6 WATER
RANK
Top 10 Revenue: $6,714.6 Mil.
Sector’s Revenue: $12,218.8 Mil.2017 2016
1 1 SALINI IMPREGILO SPA
2 4 OBAYASHI CORP.
3 5 POWER CONSTRUCTION CORP. OF CHINA
4 7 ACS, ACTIVIDADES DE CONSTRUCCIÓN Y SERVICIOS SA
5 2 ODEBRECHT ENGENHARIA E CONSTRUCAO SA
6 3 CHINA COMM. CONSTRUCTION GROUP LTD.
7 9 ACCIONA INFRAESTRUCTURAS
8 6 STRABAG
9 10 CHINA NATIONAL MACHINERY INDUSTRY CORP.
10 ** CGCOC GROUP CO. LTD.
7 MANUFACTURING
RANK
Top 10 Revenue: $7,271.7 Mil.
Sector’s Revenue: $10,097.1 Mil.2017 2016
1 ** CHINA COMM. CONSTRUCTION GROUP LTD.
2 2 SAMSUNG C&T
3 4 SAMSUNG ENGINEERING CO. LTD.
4 6 KAJIMA CORP.
5 5 TAKENAKA CORP.
6 8 WALBRIDGE
7 3 HYUNDAI ENG’G & CONSTRUCTION CO. LTD.
8 7 SHIMIZU CORP.
9 10 ACS, ACTIVIDADES DE CONSTRUCCIÓN Y SERVICIOS SA
10 9 HOCHTIEF AKTIENGESELLSCHAFT
8 SEWER/WASTE
RANK
Top 10 Revenue: $4,290.2 Mil.
Sector’s Revenue: $6,013.9 Mil.2017 2016
1 ** FCC SA
2 ** FERROVIAL
3 ** STANTEC INC.
4 3 SKANSKA AB
5 2 STRABAG
6 7 OBAYASHI CORP.
7 ** POWER CONSTRUCTION CORP. OF CHINA
8 ** CHINA ENERGY ENGINEERING CORP. LTD.
9 6 SALINI IMPREGILO SPA
10 ** BLACK & VEATCH
9 TELECOMMUNICATIONS
RANK
Top 10 Revenue: $4,604.3 Mil.
Sector’s Revenue: $4,769.8 Mil.2017 2016
1 1 VINCI
2 2 ACS, ACTIVIDADES DE CONSTRUCCIÓN Y SERVICIOS SA
3 3 HOCHTIEF AKTIENGESELLSCHAFT
4 ** ZHEJIANG CONSTRUCTION INVESTMENT GRP. CO. LTD.
5 4 SKANSKA AB
6 9 FLUOR CORP.
7 8 STRUCTURE TONE
8 ** DAELIM INDUSTRIAL CO. LTD.
9 ** KINDEN CORP.
10 ** NATA CONST. TOURISM TRADE AND INDUSTRY CO.
#59
MAIRE TECNIMONT GROUP and
Sinopec Engineering Group won a
$3.9-billion contract for work at the
Amursky gas plant in Amur, Russia.
0821_Top250_Overview.indd 37 8/15/17 11:34 AM
6. to rise, it claimed. This state of affairs has caused
Skanska to become more risk-averse. “We will be very
selective in new bids,” says Karlström.
Salini Impregilo, too, is reducing its risk profile by
diversifying from megaprojects to “more regular
work,” notes Salini. Its top-10 projects now account
for half of total sales, down from two-thirds in 2014.
Further, it is cutting in half its 2014 African exposure,
aiming to generate 30% of sales in the U.S. this year.
Having acquired Connecticut-based Lane Construc-
tion Corp. in 2015, Salini now ranks the U.S. as its
biggest market.
Competition also is ramping up risks in the inter-
national market. Some firms are being assisted in the
global market by their government’s policies. “The
Chinese government has made related beneficial pol-
icies for us, such as advocating Chinese enterprises to
go globally,” says Li of China Energy Engineering
Corp. He notes that China’s Belt and Road Initiative
has helped “deepen the cooperation between different
nations or regions.”
But many old-line contractors are uncomfortable
with the level of government assistance given to new
competitors. “The contracting industry is being
affected by the aggressive stand by some government-
backed companies from China and Korea with financ-
ing offices. This is something that we are facing more
and more,” says Khoury.
Europe Shows Some Life
The European market has been sluggish for several
years, and Britain’s vote last year to exit the European
Union caused many contractors to pause. However,
the continental market has shown some resilience.
In Western Europe, VINCI has been “very success-
ful in Paris,” picking up major infrastructure work, says
Stubler. And the firm won large contracts this year on
the U.K.’s high-speed railroad and the long, Denmark-
Germany immersed tube tunnel. Local French govern-
ment spending “has been recovering slowly,” he says.
Skanska’s Nordic markets are strong, “especially
in Sweden,” says Karlström. The U.K.’s planned
departure from the EU creates “uncertainties,” he
admits. But after a period of weakness, the recovery
of Skanska’s business in Poland is growing.
Stubler also sees recovery in central and Eastern
Europe, supported by EU funding. However, he says
Greek construction remains slow. He notes that this
year’s completion of vast motorway projects marks
the end of an era for Greece (see related story, p. 26).
Turkey’s Renaissance Construction is betting big
on Europe. In 2013, it acquired Swiss-based Alpine
Bau GmbH, Hergiswil, and recently completed the
38 ENR August 21/28, 2017 enr.com
THE TOP 250 INTERNATIONAL CONTRACTORS
THE TOP 20 NON-U.S. FIRMS IN INTERNATIONAL CONSTRUCTION
MANAGEMENT AND PROGRAM MANAGEMENT FEES
AGENCY PROGRAM TOTAL
CM FEES MGMT. FEE CM / PM
RANK FIRM ($ MIL) ($ MIL) ($ MIL)
1 WSP, Montreal, Canada 627.2 535.9 1,163.1
2 ARCADIS NV, Amsterdam, The Netherlands 243.0 462.0 705.0
3 TURNER & TOWNSEND INC., New York, U.S.A. 0.0 579.3 579.3
4 WORLEYPARSONS, North Sydney, Australia 338.0 236.0 574.0
5 DAR GROUP, DUBAI, UAE, Dubai, U.A.E. 207.5 102.7 310.2
6 COLLIERS INTERNATIONAL, Toronto, Canada 213.0 0.0 213.0
7 HOCHTIEF AKTIENGESELLSCHAFT, Essen, Germany 188.0 01.0 189.0
8 TECHNIP, Paris, France 0.0 185.0 185.0
9 KEO INTERNATIONAL CONSULTANTS, Shuwaikh, Kuwait 83.9 35.1 119.0
10 SAMSUNG C&T, Seongnam-si, S. Korea 106.0 0.0 106.0
11 EHAF CONSULTING ENGINEERS, Cairo, Egypt 96.3 0.0 96.3
12 PROJACS INTERNATIONAL, Manama, Bahrain 62.7 12.7 75.4
13 ASSYSTEM, Paris, France 60.0 0.0 60.0
14 ARUP, London, U.K. 43.1 0.0 43.1
15 MANENS-TIFS SPA, Padova, Italy 42.1 0.0 42.1
16 WL MEINHARDT GROUP PTY. LTD., Melbourne, Australia 31.7 0.0 31.7
17 PM GROUP, Dublin, Ireland 30.1 0.0 30.1
18 SNC-LAVALIN INC., MontrÈal, Canada 27.1 0.0 27.1
19 AYESA, Sevilla, Spain 22.1 3.9 26.0
20 HANMIGLOBAL CO. LTD., Seoul, S. Korea 20.1 0.7 20.8
*BASED ON FEES FOR MANAGEMENT SERVICES PROVIDED ON A FEE-ONLY BASIS FOR PROJECTS OUTSIDE THE FIRM’S HOME COUNTRY
THE TOP 20 NON-U.S. FIRMS IN TOTAL GLOBAL CONSTRUCTION
MANAGEMENT AND PROGRAM MANAGEMENT FEES*
AGENCY PROGRAM TOTAL
CM FEES MGMT. FEE CM / PM
RANK FIRM ($ MIL) ($ MIL) ($ MIL)
1 WSP, Montreal, Canada 771.1 596.0 1,367.1
2 ARCADIS NV, Amsterdam, The Netherlands 269.0 490.0 759.0
3 TURNER & TOWNSEND INC., New York, U.S.A. 0.0 673.2 673.2
4 WORLEYPARSONS, North Sydney, Australia 419.0 238.0 657.0
5 DAR GROUP, DUBAI, UAE, Dubai, U.A.E. 207.5 102.7 310.2
6 COLLIERS INTERNATIONAL, Toronto, Canada 245.0 0.0 245.0
7 HOCHTIEF AKTIENGESELLSCHAFT, Essen, Germany 188.0 3.0 191.0
8 TECHNIP, Paris, France 0.0 185.0 185.0
9 ASTAD, Doha, Qatar 39.1 144.0 183.1
10 EHAF CONSULTING ENGINEERS, Cairo, Egypt 137.1 0.0 137.1
11 KEO INTERNATIONAL CONSULTANTS, Shuwaikh, Kuwait 89.5 37.4 126.9
12 HANMIGLOBAL CO. LTD., Seoul, S. Korea 116.4 3.7 120.1
13 SNC-LAVALIN INC., Montreal, Canada 112.1 0.0 112.1
14 SAMSUNG C&T, Seongnam-si, S. Korea 106.0 0.0 106.0
15 SAUDI CONSULTING SERVICES-SAUDCONSULT, Riyadh, Saudi Arabia 104.5 0.0 104.5
16 ASSYSTEM, Paris, France 93.0 0.0 93.0
17 PROJACS INTERNATIONAL, Manama, Bahrain 65.6 12.7 78.3
18 ARUP, London, U.K. 76.2 0.0 76.2
19 CHINA ALUMINUM INT’L ENGINEERING CORP. LTD., Beijing, China 36.2 26.1 62.3
20 YOOSHIN ENGINEERING CORP., Seoul, S. Korea 53.9 0.0 53.9
*BASED ON FEES FOR MANAGEMENT SERVICES PROVIDED ON A FEE-ONLY BASIS FOR ALL PROJECTS, DOMESTIC AND INTERNATIONAL
0821_Top250_Overview.indd 38 8/15/17 11:34 AM
7. OVERVIEW
Many firms feel the continuing political and eco-
nomic turmoil is harming Middle East work, which
“remains one of the most interesting markets,” says
Salini. Sanctions on Saudi Arabia and Qatar over
claimed terrorist ties and political interference with
GCC neighbors’ internal affairs resulted in “some
force majeure impact on costs due to some restric-
tions on the sourcing of some goods,” he notes.
The sanctions on Qatar may have a big impact on
contracting in the region. “The political unrest that
has manifested in certain geographies—cutting off
diplomatic ties with Qatar, along with the imposition
of [the] air, land and sea embargo—are weighing on
the economic outlook of the Middle East region,”
says Subrahmanyan.
One surprising trend in the Middle East is the
move toward renewable energy. “First we believed
that this would be simply a trend that governments
would subsidize just to use the green-energy label.
However … we witnessed economies of scale that
rendered power from renewable energies even more
viable than from fossil-fuel sources,” says Hage.
In Asia, VINCI is developing a big presence in Aus-
tralia through its current acquisition of Seymour Whyte
Ltd., which has a focus on transportation work and
posted half-year sales of $185 million. With competition
for megaprojects already intense, VINCI is looking for
more modest, regular business, says Stubler.
Among international players targeting Australian
megaprojects is Bechtel Inc., which recently became
the owner’s delivery management partner for the 15.5
km of twin tunnels and stations on phase two of Syd-
ney’s metro. With a long track record in the country’s
now-slowing oil, gas and minerals market, the firm is
diversifying into civil infrastructure, says Ailie
MacAdam, Bechtel’s global leader for rail.
Germany’s Hochtief AG, which controls Australia’s
CPB Contractors (formerly Leighton Contractors/
Thiess), won a slice of the $2.3-billion Sydney metro
tunneling work. Last month, CPB became the civil
partner in a joint venture delivering $800 million of
rail systems on Melbourne’s new metro. Paris-based
Bouygues SA is on that metro’s winning team for a
privately financed contract to build the 9 km of twin
tunnels and stations.
In Perth, Salini Impregilo is “about to start exca-
vating an extension of a rail line,” notes Salini. Under
a design-build-maintain contract secured last year,
the firm leads a joint venture that is boring 8 km of
twin tunnels on the Forrestfield-Airport Link.
In Latin America, the political environment and
limited financial resources are dampening develop-
ment, notes Salini. But opportunities exist. “We have
enr.com August 21/28, 2017 Ⅲ ENR Ⅲ 39
final acquisition of 100% of Ballast Nedam, the
Netherlands. “With these acquisitions, not only are
we entering the European market but adding on to
what we have on the infrastructure side, as well,” says
Cenk Düzyol, a Renaissance board member.
Troubled Times in the Middle East
The Middle East market has been a mixed bag in the
past two years. The continuing weak oil prices and
strained fiscal balances of Gulf Cooperation Council
(GCC) countries have led to deferment or cancellation
of not just oil-and-gas work but also many regional
public infrastructure projects.
National budget shortfalls have led many Middle
Eastern countries to take steps to fill in the funding gap.
“The GCC has approved the introduction of a value-
added tax in 2018 [and] is also contemplating the intro-
duction of other taxes to counteract the fall in revenue
due to low oil prices,” says S.N. Subrahmanyan, CEO
of India’s Larsen & Toubro. For example, Saudi Arabia
has introduced a 2.5% annual tax on “white lands”—
that is, undeveloped land designated for residential
or commercial use.
But many countries in the Middle East continue
to press ambitious building plans. For example,
Kuwait’s upcoming infrastructure projects for the next
10 years is estimated at $83 billion, says Jalal
Chaarawi, business development manager of Kuwait’s
Combined Group Contracting Co. He also notes
that, with the upcoming 2022 World Cup, there will
be increases in infrastructure projects in Qatar.
PHOTOCOURTESYOFCONSOLIDATEDCONTRACTORSGROUP
As part of the Jazan Industrial City project in Saudi Arabia, Consolidated
Contractors Group (No. 19) is working on six sulfur-recovery units on the
3,900-MW integrated gasification combined-cycle power plant.
CCC’sPowerMegaproject
Energy
“The GCC has
approved the
introduction of
a value-added
tax in 2018
[and] is also
contemplating
the introduction
of other taxes to
counteract the
fall in revenues
due to low oil
prices.”
S.N.
Subrahmanyan,
CEO, Larsen &
Toubro Ltd.
#91
CONTRACTING AND TRADING CO.
C.A.T. is working on Saudi Aramco’s
Onshore Maintain Potential Program to
maintain upstream infrastructure.
0821_Top250_Overview.indd 39 8/15/17 11:35 AM
8. just started excavating a hydraulic tunnel in Buenos
Aires,” he says. And VINCI’s specialty unit Sole-
tanche Freyssinet SA is spreading into new markets
in Latin America with recent wins in Peru and Chile,
according to Stubler.
Although many contractors continue to see
opportunities in Latin America, they recognize the
difficulties. “Our best opportunities have been in
Latin America, though the region, almost as a
whole, faces problems in the national economies,”
says Flavio Faria, CEO of Odebrecht Engineering
& Construction-Industrial Engineering.
Karlström also see “a strong pipeline of projects”
in the U.S., although the “Trump effect” has yet to
materialize. “We are focusing on core geographies,
Companies are ranked according to
construction revenue generated outside of
each company’s home country in 2016 in
U.S. $ millions. Firms not ranked last year
are designated **. Some markets may not
add up to 100% due to omission of "other"
miscellaneous market category and
rounding. NA=Not available. †=Includes
revenue of subsidiaries, the names of which
now are available through www.ENR.com.
Figures include prime contracts, shares
of joint ventures, subcontracts, design-
construct contracts and construction
management-at-risk contracts when a
firm's risks are similar to those of a general
contractor. Figures also include the value of
installed equipment when a firm has prime
responsibility for specifying and procuring it
within the scope of a construction contract.
General Building includes commercial
buildings, offices, stores, educational
facilities, government buildings, hospitals,
medical facilities, hotels, apartments,
housing, etc.
Manufacturing comprises auto,
electronic assembly, textile plants, etc.
Power comprises thermal and hydroelec-
tric power plants, waste-to-energy plants,
transmission lines, substations, cogenera-
tion plants, etc.
Water Supply includes dams, reservoirs,
transmission pipelines, distribution mains,
irrigation canals, desalination and
drinking-water treatment plants, water
pumping stations, etc.
Sewerage / Solid Waste includes
sanitary and storm sewers, treatment
plants, pumping plants, incinerators,
industrial waste facilities, etc.
Industrial Processcomprisespulpand
papermills,steelmills,nonferrousmetal
refineries,pharmaceuticalplants,chemical
plants,foodandotherprocessingplants,etc.
Petroleum includes refineries,
petrochemical plants, offshore facilities,
pipelines, etc.
Transportation includes airports, bridges,
roads, canals, locks, dredging, marine
facilities, piers, railroads, tunnels, etc.
Hazardous Waste includes chemical,
nuclear waste treatment, asbestos and lead
abatement, etc.
Telecommunications comprises
transmission lines, cabling, towers and
antennae, data centers, etc.
How To Read the Tables
40 Ⅲ ENR Ⅲ August 21/28, 2017 enr.com
THE TOP 250 INTERNATIONAL CONTRACTORS OVERVIEW
HOW THE TOP INTERNATIONAL CONTRACTORS SHARED THE 2016 MARKET
DESIGNER
NATIONALITY
# OF
FIRMS
INT’L REVENUE MIDDLE EAST ASIA AFRICA EUROPE UNITED STATES CANADA LAT. AMER / CARIB.
$ MIL. % $ MIL. % $ MIL. % $ MIL. % $ MIL. % $ MIL. % $ MIL. % $ MIL. %
AMERICAN 43 41,874.7 8.9 4,440.2 5.3 9,263.3 7.7 1,598.1 2.6 12,757.5 13.3 NA NA 11,033.3 58.9 2,782.5 8.2
CANADIAN 3 3,597.2 0.8 842.3 1.0 1,190.0 1.0 208.4 0.3 339.0 0.4 968.6 1.8 NA NA 48.8 0.1
EUROPEAN 46 210,737.1 45.0 29,594.1 35.2 33,262.1 27.6 14,626.2 23.8 69,591.8 72.5 40,338.5 75.3 5,730.9 30.6 17,593.5 52.1
BRITISH 2 8,817.3 1.9 6,719.6 8.0 330.0 0.3 427.0 0.7 1,232.7 1.3 9.0 0.0 0.0 0.0 99.0 0.3
GERMAN 2 23,560.8 5.0 1,165.2 1.4 8,792.2 7.3 147.3 0.2 1,113.0 1.2 11,204.1 20.9 972.4 5.2 166.6 0.5
FRENCH 3 41,737.3 8.9 1,340.6 1.6 5,850.2 4.9 4,713.7 7.7 21,104.4 22.0 3,774.0 7.0 2,099.7 11.2 2,854.7 8.5
ITALIAN 14 26,673.3 5.7 6,431.1 7.7 4,821.2 4.0 5,781.5 9.4 4,106.9 4.3 2,221.8 4.1 557.5 3.0 2,753.3 8.2
DUTCH 3 8,522.0 1.8 631.4 0.8 847.9 0.7 443.0 0.7 5,979.7 6.2 0.0 0.0 0.0 0.0 620.1 1.8
SPANISH 11 58,988.2 12.6 6,003.4 7.1 11,909.7 9.9 1,147.5 1.9 12,341.5 12.9 16,629.5 31.0 2,042.6 10.9 8,914.1 26.4
OTHER EUROPEAN 11 42,438.1 9.1 7,302.9 8.7 710.9 0.6 1,966.2 3.2 23,713.6 24.7 6,500.1 12.1 58.7 0.3 2,185.6 6.5
AUSTRALIAN 3 8,807.6 1.9 1,797.2 2.1 5,414.0 4.5 152.8 0.2 89.0 0.1 10.0 0.0 1,255.7 6.7 88.9 0.3
JAPANESE 13 24,425.0 5.2 1,433.1 1.7 11,237.9 9.3 282.6 0.5 3,183.2 3.3 7,684.1 14.3 360.2 1.9 244.1 0.7
CHINESE 65 98,722.5 21.1 13,419.2 16.0 38,264.1 31.8 34,559.6 56.2 2,721.0 2.8 1,985.8 3.7 69.7 0.4 7,703.1 22.8
KOREAN 11 33,938.6 7.3 15,387.4 18.3 12,237.3 10.2 2,708.9 4.4 985.6 1.0 410.2 0.8 264.7 1.4 1,944.6 5.8
TURKISH 46 25,591.0 5.5 7,624.7 9.1 8,468.9 7.0 3,136.7 5.1 6,210.4 6.5 148.5 0.3 0.0 0.0 1.8 0.0
BRAZILIAN 2 4,615.8 1.0 91.5 0.1 0.0 0.0 1,468.5 2.4 41.3 0.0 84.9 0.2 0.0 0.0 2,929.6 8.7
ALL OTHERS 18 15,607.9 3.3 9,389.6 11.2 968.4 0.8 2,797.8 4.5 66.6 0.1 1,964.7 3.7 3.6 0.0 417.1 1.2
ALL FIRMS 250 467,917.4 100.0 84,019.3 100.0 120,306.1 100.0 61,539.6 100.0 95,985.3 100.0 53,595.2 100.0 18,717.9 100.0 33,754.0 100.0
SOURCE: ENR. NOTE: EXCLUDING $203.24 MILLION IN ARCTIC/ANTARCTIC OR UNALLOCATED
core competencies and selecting projects very care-
fully,” he adds. Since President Trump’s revival of
U.S. oil pipeline projects, VINCI is “waiting for the
bids,” adds Stubler.
Several major international contractors have made
significant acquisitions to gain entry into the U.S.
market. One major transaction was Orascom’s acqui-
sition of Des Moines-based contractor The Weitz
Co. “In the U.S., we are the EPC contractor on two
large, complex industrial projects,” says Bishai of
Orascom. He notes that Weitz is building the Iowa
Fertilizer Co. plant, the first world-scale nitrogen
fertilizer plant to be built in the U.S. in the past 25
years, and Beaumont, Texas-based Natgasoline LLC,
the largest merchant methanol plant in the U.S. Ⅲ
Sanctions
against Qatar
resulted in
“some force
majeure impact
on costs.”
Pietro Salini,
CEO, Salini
Impregilo SpA
#99
CTCI CORP. is working on the
Petronas Refinery and Petrochemicals
Integrated Development (RAPID)
project in Pengerang, Johor, Malaysia.
0821_Top250_Overview.indd 40 8/15/17 11:35 AM
14. RANK RANK RANK RANKFIRM FIRM FIRM FIRM
Where to find the Top 250
THE TOP 250 INTERNATIONAL CONTRACTORS DIRECTORY
46 ENR August 21/28, 2017 enr.com
A
ACCIONA Infraestructuras51
ACS,Actividades de Construccion y Servicios SA 1
AE Arma-Electropanc 190
AECOM81
Aegion Corp. 212
Alarko Contracting Group 79
Alberici-Flintco195
Amec Foster Wheeler 213
American Bridge Co. 214
Andrade Gutierrez Engenharia 138
Anel Elektrik 200
Anhui Construction Engineering Group Co. Ltd. 147
Anhui Foreign Economic Construction
(Group) Co. Ltd. 116
Ansaldo Energia SpA 217
Ant Yapi Sanayi ve Ticaret CJSC 86
The Arab Contractors Co. 100
Arabian Construction Company SAL 82
Aslan Yapi ve Ticaret AS 176
Astaldi47
Atlas Texas Construction and Trading Inc.114
B
Michael Baker International219
Balfour Beatty US 248
Barnard Construction Co. Inc. 191
Barton Malow Co. 208
Bauer AG 111
Bayburt Grup AS 196
Bechtel5
Beijing Construction Engineering Group Co. Ltd. 142
Beijing Uni-Construction Group Co. Ltd. 240
Beijing Urban Construction Group Co. Ltd. 180
BESIX61
Black Veatch 157
Bonatti SpA 97
Bouygues6
Burns McDonnell243
C
C.M.C. di Ravenna Societe Cooperativa 113
Caba Insaat Enerji Turizm Sanayi Ve Ticaret AS 244
Caddell Construction Co. (DE) LLC 148
Calik Enerji San.Ve Tic.AS 110
CBI LLC 49
Cengiz Construction Industry Trade Co. Inc. 223
Centuri Construction Group 198
CGCOC Group Co. Ltd. 102
China Aluminum International Engineering Corp. Ltd.245
China Communications Construction Group Ltd. 3
China Dalian Int’l Eco. Tech. Coop. Grp. Ltd. 181
China Electric Power Equipment and
Technology Co. Ltd. 93
China Energy Engineering Corp. Ltd. 27
China Gansu Int’l Corp. for Eco. Techn. Coop. 193
China General Technology (Group) Holding Co. Ltd. 104
China Geo-Engineering Corp. 126
China Henan International Coop. Group Co. Ltd. 150
China HuanQiu Contracting Engineering Corp. Ltd.133
China International Water Electric Corp. (CWE) 83
China Jiangsu Int’l Econ.-Tech. Coop. Grp. Ltd. 115
China Jiangxi Corp. for Int’l Economic Technical
Cooperation 90
China Metallurgical Group Corp. 48
China National Chemical Engineering Group Corp. 50
China National Complete Plant Imp. Exp.
Corp. (Group) 163
China National Machinery Industry Corp. 31
China Nonferrous Metal Ind.’s Foreign Eng’g
Constr. Co. Ltd. 106
China Nuclear Engineering Corp. Ltd. 171
China Petroleum Engineering Construction Corp. 73
China Petroleum Pipeline Engineering Co. Ltd. (CPP) 88
China Railway Construction Corp. Ltd. 23
China Railway Group Ltd. 21
China Shandong International Eco. Techn. Coop.
Grp. Ltd. 139
China State Construction Engineering Corp. Ltd. 11
China Triumph International Engineering Co. Ltd. 230
China Wu Yi Co. Ltd. 131
China Zhongyuan Engineering Corp. 96
Chiyoda Corp. 26
Chongqing Int’l Construction Corp. 203
CIMIC Group Ltd. 17
CITIC Construction Co. Ltd. 56
Combined Group Contracting Co. (K.S.C.) 173
COMSA Corp. 119
Consolidated Contractors Group 19
The Conti Group 232
Contracting and Trading Co.“C.A.T.” 91
CTCI Corp.99
D
Daelim Industrial Co. Ltd. 54
Daewoo Engineering Construction Co. Ltd. 46
Danieli C. Officine Meccaniche SpA 57
dck worldwide LLC 205
Jan De Nul Group (Sofidra SA) 44
Dekinsan Grup Insaat AS 225
Dia Holding FZCO 120
Dogus Insaat ve Ticaret AS 128
Dongfang Electric Corp.132
E
ECC227
Electra Ltd.247
Energoprojekt Holding plc222
Engineering for the Petroleum Process Industries
“Enppi”231
Enka Insaat ve Sanayi AS72
Eser Contracting158
Esta Insaat Sanayi Lojistik ve Dis Ticaret
Anonim Sirketi168
F
FCC SA41
Ferrovial13
Fluor Corp.16
G
GAMA162
Gap Insaat Yatirim ve Dis Ticaret AS 92
Ghella SpA 136
Gilbane Building Co. 161
Graham209
Great Lakes Dredge Dock 249
Grupo Empresarial San Jose SA 155
GS Engineering Construction 28
Gulsan Construction 154
Gurbag Group 216
GyM (Grana y Montero)182
H
Hanwha Engineering Construction Corp. 80
BL Harbert International 101
Harbin Electric International Co. Ltd. 67
Haskell242
Hazama Ando Corp. 184
Hensel Phelps 218
HOCHTIEF Aktiengesellschaft 2
Hyundai Engineering Construction Co. Ltd.14
I
IC Ictas Insaat Sanayi Ve Ticaret AS 175
ICM SpA Impresa Costruzioni Maltauro 197
Ilk Construction 156
Impresa Pizzarotti C. SpA 121
Grupo Isolux Corsan SA122
J
Jacobs65
JGC Corp. 25
Jiangsu Nantong Liujian Constr. Group Co. Ltd. 185
Jiangsu Nantong Sanjian Constr. Group Co. Ltd. 143
Jiangsu Zhongnan Constr. Industry Group Co. Ltd. 228
Joannou Paraskevaides Group of Cos.60
K
Kajima Corp.40
Kayi Insaat Sanayi ve Ticaret AS 167
Kayson235
KBR77
Kiewit Corp. 70
Kinden Corp. 183
Kolin Insaat Turizm Sanayi ve Ticaret AS 224
Kuzu Group130
L
Larsen Toubro Ltd.33
Limak Insaat Sanayi Ve Ticaret AS85
Lotte Engineering Construction Co. Ltd.172
M
Maire Tecnimont Group 59
Makyol Insaat Sanayi Turizm ve Ticaret AS 226
Mapa Insaat ve Ticaret AS 109
Matrix Service Co. 192
MBD Insaat Sanayi Turizm Muhendislik
ve Tic. Ltd. Sirketi 250
McConnell Dowell 107
MCM246
Metag Insaat Ticaret AS 186
Metka164
Michels Corp. 215
Mohammed Abdulmohsin Al-Kharafi for Gen.
Trading Contracting Ind’l Structures WLL 178
Mortenson Construction 204
Mota-Engil58
N
Nantong Construction Group Co. Ltd. 179
Nata Construction Tourism Trade and Industry Co. 105
NCC AB 45
Norinco International Cooperation Ltd. 103
Nurol Construction and Trading Co. Inc.151
O
Obayashi Corp. 30
Odebrecht Engenharia e Construcao SA 29
OHL SA (Obrascon Huarte Lain SA) 37
Onur Taahhut Tasimacilik Insaat Ticaret
Ve Sanayi AS 140
Orascom Construction Ltd.32
P
Parsons211
PCL Construction Enterprises Inc. 36
Penta-Ocean Construction Co. Ltd. 66
Per Aarsleff A/S 145
Pernix Group Inc. 236
Petrofac Ltd. 15
The Petroleum Projects and Technical
Consultations Co. (PETROJET) 201
Pinggao Group Co. Ltd. 220
Polat Yol Yapi Sanayi Ve Ticaret AS 239
Polimeks Insaat Taahhut ve San.Tic.AS 42
Porr AG 55
POSCO Engineering Construction 68
Power Construction Corp. of China 10
Punj Lloyd Ltd.144
Q
Qingjian Group Co. Ltd.64
R
RailWorks Corp. 221
Renaissance Construction 38
Rizzani de Eccher 89
Royal BAM Group NV 24
Royal Boskalis Westminster NV52
S
Sacyr62
Saipem SpA 12
Salfacorp SA 234
Salini Impregilo SpA 18
Samsung CT 20
Samsung Engineering Co. Ltd. 34
Sembol Uluslararasi Yatirim Tarim Peysaj Insaat
Turizm Sanayi Ve Tic.AS 125
Sener IngenierÌa y Sistemas SA 152
Shandong Zijian Construction Group Co. Ltd. 229
Shangdong Dejian Group Co. Ltd. 177
Shanghai Construction Group 117
Shanghai Electric Group Co. Ltd. 141
Shanghai Urban Construction (Group) Corp. 153
Shapoorji Pallonji and Co. Pvt. Ltd. - Engineering
Construction 63
Shenyang Yuanda Aluminum Industry Engineering
Co. Ltd. 149
Shimizu Corp. 74
SICIM SpA 123
Sinopec Engineering (Group) Co. Ltd. 53
Sinopec Oilfield Service Shengli Corp. 160
Sinopec Zhongyuan Petroleum Engineering Ltd. 124
Sinosteel Equipment Engineering Co. Ltd. 129
SK EC 35
Skanska AB 8
SMK Group 187
SNC-Lavalin Inc. 43
Societa’ Italiana Per Condotte SpA 87
Southland/Renda/JBros238
Ssangyong Engineering Construction Co. Ltd. 189
Stantec Inc. 118
STFA Construction Group 165
Strabag9
Structure Tone 188
Sumitomo Mitsui Construction Co. Ltd. 199
Summa Turizm Yatirimciligi AS194
T
Taisei Corp. 135
Takenaka Corp. 75
TAV Construction 76
TBEA Co. Ltd. 84
Technip7
Tecnicas Reunidas 22
Tekfen Construction and Installation Co. Inc. 112
Tepe Insaat Sanayi AS 166
Toda Corp. 241
Toyo Engineering Corp. 39
TTCL Public Co. Ltd. 170
Tutor Perini Corp.207
U
Universal Acarsan Healthcare and Hospital
Construction Ltd. Co.98
V
Van Oord Dredging Marine Contractors BV71
VINCI4
W
Walbridge137
The Walsh Group Ltd.174
Weeks Marine Inc.237
Wood Group169
WorleyParsons69
X
XPCC Construction Engineering (Group) Co. Ltd.108
Y
Yanjian Group Co. Ltd. 146
Yantai International Eco. Techn. Cooperation
Grp. Co. Ltd. 202
Yapi Merkezi Insaat ve Sanayi AS 78
Yenigun Construction Industry and Commerce Inc. 206
Yuksel Insaat Co. Inc. 134
Yunnan Construction and Investment Holding
Group Co. Ltd.159
Z
Zafer Taahhut Insaat Ve Ticaret AS 233
Zhejiang Communications Construction
Group Co. Ltd. 210
Zhejiang Construction Investment Grp. Co. Ltd. 94
ZhongDing International Engineering Co. Ltd. 127
Zhongmei Engineering Group Ltd. 95
0821_Top250_IC_WTF.indd 46 8/15/17 11:47 AM
15. GENERALBUILDING
WATERSUPPLY
TRANSPORTATION
MANUFACTURING
SEWER/WASTE
HAZARDOUSWASTE
POWER
INDUS./PETROLEUM
TELECOM
INT'L
2016 NEW
CONTRACTS
$ MILTOTALFIRM
RANK
2017 2016
2016 REVENUE $ MIL.
THE TOP 250 GLOBAL CONTRACTORS
1 1 CHINA STATE CONSTRUCTION ENGINEERING CORP. LTD., Beijing, China 124,656.7 10,358.8 289,048.0 76 2 1 1 1 1 17 0 0
2 2 CHINA RAILWAY GROUP LTD., Beijing, China 114,226.0 5,565.6 184,328.4 19 3 0 0 0 0 63 0 0
3 3 CHINA RAILWAY CONSTRUCTION CORP. LTD., Beijing, China 94,748.0 4,945.0 181,335.0 19 2 0 2 0 0 75 0 0
4 4 CHINA COMMUNICATIONS CONSTRUCTION GROUP LTD., Beijing, China 70,780.0 21,201.0 143,192.2 13 4 2 4 1 0 75 0 0
5 6 POWER CONSTRUCTION CORP. OF CHINA, Beijing, China 43,324.7 11,595.9 77,727.6 8 0 42 9 0 1 28 0 0
6 5 VINCI, Rueil Malmaison, France 42,667.9 17,367.3 35,267.2 12 0 13 2 0 4 37 1 8
7 7 ACS, ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA, Madrid, Spain 37,333.9 32,598.2 37,333.9 31 1 8 3 0 9 30 0 4
8 8 CHINA METALLURGICAL GROUP CORP., Beijing, China 29,402.0 2,519.0 70,124.5 51 3 2 0 1 25 13 1 0
9 10 SHANGHAI CONSTRUCTION GROUP, Shanghai, China 27,853.4 600.5 25,072.2 79 5 0 0 3 0 11 0 0
10 9 BOUYGUES, Paris, France 26,354.0 12,257.0 28,245.0 38 0 6 1 0 1 47 2 1
11 ** CHINA ENERGY ENGINEERING CORP. LTD., Beijing, China 24,973.1 4,297.0 61,494.5 6 0 62 7 9 6 8 0 0
12 12 BECHTEL, San Francisco, Calif., U.S.A. 24,251.0 16,406.0 12,502.0 0 0 8 1 0 47 40 4 1
13 11 HOCHTIEF AKTIENGESELLSCHAFT, Essen, NRW, Germany 24,022.0 22,927.0 27,281.0 46 1 0 1 0 5 25 0 5
14 26 CIMIC GROUP LTD., North Sydney, NSW, Australia 18,180.6 6,730.6 25,752.8 17 0 0 2 0 8 35 0 1
15 14 HYUNDAI ENGINEERING CONSTRUCTION CO. LTD., Seoul, S. Korea 17,694.5 8,664.0 18,279.3 35 5 17 0 1 29 13 0 0
16 15 OBAYASHI CORP., Tokyo, Japan 16,270.0 4,009.0 18,295.0 46 5 6 7 3 6 25 1 1
17 16 SKANSKA AB, Stockholm, Sweden 15,414.0 12,110.0 19,891.0 55 2 4 1 2 4 30 0 1
18 18 FLUOR CORP., Irving, Texas, U.S.A. 15,185.9 6,952.0 21,000.0 7 2 18 0 0 57 6 9 2
19 19 KAJIMA CORP., Tokyo, Japan 14,301.8 3,202.2 15,431.3 59 10 6 2 1 1 9 0 1
20 17 STRABAG, Vienna, Austria 14,220.9 12,008.7 15,466.4 38 0 0 4 2 6 48 0 0
21 25 LARSEN TOUBRO LTD., Mumbai, Maharashtra, India 12,707.6 3,974.8 17,489.3 11 4 30 7 2 18 26 0 2
22 21 SHIMIZU CORP., Tokyo, Japan 12,567.5 1,259.4 13,869.1 53 10 3 1 1 7 11 3 1
23 20 TECHNIP, Paris, France 12,230.0 12,113.0 5,562.0 0 0 0 0 0 100 0 0 0
24 24 TAISEI CORP., Tokyo, Japan 12,135.0 454.0 13,629.0 55 10 2 1 2 0 17 0 0
25 27 FERROVIAL, Madrid, Spain 11,834.9 8,943.0 17,419.6 17 0 7 3 18 0 46 0 0
26 ** SHAANXI CONSTRUCTION ENG’G GROUP CO. LTD., Xi’an, Shaanxi, China 11,457.2 0.0 21,791.5 75 3 1 1 5 10 3 0 2
27 22 SAMSUNG CT, Seongnam-si, S. Korea 11,062.0 5,900.0 8,505.0 25 27 21 0 0 6 17 0 0
28 30 ZHEJIANG CONSTRUCTION INVEST. GRP. CO. LTD., Hangzhou, Zhejiang, China 10,808.3 799.6 12,821.0 59 2 16 1 0 8 12 0 1
29 37 BEIJING URBAN CONSTRUCTION GROUP CO. LTD., Beijing, China 9,653.0 263.6 19,661.9 66 1 0 0 3 1 25 0 0
30 33 TAKENAKA CORP., Osaka, Japan 9,486.0 1,255.0 10,177.0 69 17 0 0 0 0 12 0 0
31 34 GS ENGINEERING CONSTRUCTION, Seoul, S. Korea 9,468.6 4,295.0 9,935.3 37 6 6 0 3 35 12 0 0
32 29 SAIPEM SPA, San Donato Milanese, Italy 9,121.0 8,949.0 330.0 0 0 0 0 0 98 2 0 0
33 38 DAEWOO ENGINEERING CONSTRUCTION CO. LTD., Seoul, S. Korea 9,072.9 2,764.4 6,826.1 55 0 11 1 1 14 17 0 0
34 28 CBI LLC, The Woodlands, Texas, U.S.A. 8,462.5 2,506.3 7,064.2 1 0 17 1 1 72 0 7 0
35 47 JIANGSU NANTONG SANJIAN CONSTR. GROUP CO., Haimen, Jiangsu, China 8,370.0 428.8 NA 100 0 0 0 0 0 0 0 0
36 49 AECOM, Los Angeles, Calif., U.S.A. 8,322.2 982.7 11,211.4 64 1 10 2 0 11 9 0 3
37 35 KIEWIT CORP., Omaha, Neb., U.S.A. 7,861.9 1,362.2 6,710.8 10 1 17 4 2 23 39 1 0
38 32 CHINA NATIONAL CHEMICAL ENGINEERING GROUP CORP., Beijing, China 7,759.8 2,472.3 10,595.9 1 0 15 1 0 81 0 0 0
39 43 ROYAL BAM GROUP NV, Bunnik, Utrecht, The Netherlands 7,696.0 4,907.0 NA 59 0 0 0 0 0 41 0 0
40 40 ANHUI CONSTRUCTION ENGINEERING GROUP CO. LTD., Hefei, Anhui, China 7,680.0 416.4 8,828.6 54 1 0 15 3 1 27 0 0
41 41 QINGJIAN GROUP CO. LTD., Qingdao, Shandong, China 7,636.2 1,640.4 6,484.6 90 0 0 2 0 7 2 0 0
42 ** BEIJING UNI-CONSTRUCTION GROUP CO. LTD., Beijing, China 7,243.7 79.4 3,115.2 76 0 0 1 1 5 18 0 0
43 48 BEIJING CONSTRUCTION ENGINEERING GROUP CO. LTD., Beijing, China 7,178.9 429.9 15,878.8 78 3 1 2 1 2 12 0 0
44 52 DAELIM INDUSTRIAL CO. LTD., Seoul, S. Korea 7,094.9 2,161.4 7,429.3 51 2 11 2 0 20 13 0 1
45 56 PETROFAC LTD., Jersey, Channel Islands, U.K. 7,070.0 7,070.0 1,265.0 0 0 0 0 0 100 0 0 0
46 63 SALINI IMPREGILO SPA, Milan, Italy 6,779.3 6,249.3 8,727.3 4 0 0 19 2 0 64 0 0
47 39 JIANGSU ZHONGNAN CONSTR. INDUSTRY GROUP CO., Haimen, Jiangsu, China 6,630.4 113.8 16,813.5 100 0 0 0 0 0 0 0 0
48 122 FCC SA, Madrid, Spain 6,595.9 3,190.8 3,857.5 3 0 0 18 44 0 24 2 0
49 45 SK EC, Seoul, S. Korea 6,453.9 3,557.7 4,152.9 14 0 15 4 1 51 12 0 3
50 44 NCC AB, Solna, Sweden 6,184.0 2,775.0 6,601.0 0 0 0 0 0 0 0 0 0
enr.com August 21/28, 2017 ENR 47
The Top 250 List
0821_Top250_GC_List.indd 47 8/15/17 11:48 AM