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Global Uncertainties Roil Market the Global Construction Market Remains Strong, but the Oil-Price Drop, Economic Instability and Political Turmoil Worry Firms

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Global Uncertainties Roil Market the Global Construction Market Remains Strong, but the Oil-Price Drop, Economic Instability and Political Turmoil Worry Firms General Building p. 50 // Transportation p. 52 // Manufacturing, Industrial Process and Telecommunications p. 54 // Power p. 56 Petroleum p. 58 // Water, Sewer and Hazardous Waste p. 60 // Global Firms Market Overview p. 62 International Contractor Market Analysis p. 62 // How the Top 250 International Contractors Shared the Market p. 62 The Top 10 International Contractors by Region p. 63 // Top 250 Reporting Profit/Loss p. 63 // Top 250 Total Backlog p. 63 International Design Firms Market Analysis p. 64 // How the Top 225 International Design Firms Shared the Market p. 64 The Top 10 International Design Firms by Region p. 65 // Top 225 Asia Stalls p. 65 // Number of Firms Reporting Total Backlog in the Top 225 p. 65 // The Top 225 International Design Firms List p. 67 // The Top 150 Global Design Firms List p. 72 The Top 250 International Contractors List p. 75 // The Top 250 Global Contractors List p. 80 COMPLEX PROJECT Brazil’s Construtora Norberto Odebrecht is build- ing the petrochemical complex Etileno XXI in the state of Veracruz, Mexico. Being built for Braskem, the $5-billion project is the one of the biggest ongoing private investments in the country. NUMBER 13 NUMBER PHOTO COURTESY CONSTRUORA ODEBRECHT PHOTO COURTESY NORBERTO Global Uncertainties Roil Market The global construction market remains strong, but the oil-price drop, economic instability and political turmoil worry firms enr.com December 7/14, 2015 ENR SOURCEBOOK 49 ENR1207-12142015SB_Global_Opener_2.indd 49 11/30/15 4:20 PM SKANSKA AB, ranked at No. 3 among contractors in general building, SOURCEBOOK GENERAL BUILDING #03 is finding Poland to be an active and lucrative market for projects. By Bruce Buckley In the first half of 2015, the firm added another 570 employees. Like many firms, Skanska is picking up Despite Global Unrest, commercial building work in London. “That is a red-hot market right now,” Cavallaro says. He notes that London also Firms Find Opportunity has proven to be a solid market for foreign investment. Last year, Skanska was From the eurozone to China, uncertainty provokes caution selected for the $900-million Battersea aced with economic uncertainty and Power Station project, which will rede- political unrest in many parts of the velop the historic London site for mixed F world, major global firms are bank- use. The station is owned by a consortium ing on their regional diversity to find of Malasian investors. pockets of opportunity. Turner International also sees a “mixed China’s economy continues to slow, bag” in the market, says Abrar Sheriff, with its gross domestic product coming in president and CEO of Turner Interna- at 6.9% in October. If that rate stays con- tional. “People are a little hesitant,” he sistent through the end of the year, annual says. “It’s a little slower than what we GDP growth in China would fall below expected.” Still, Turner is eyeing new 7% for the first time since 1990. Growth opportunities for the years ahead. The is also stagnant in the eurozone, with its company is gaining traction in India, as GDP recently registering at 0.3%. Low the country works to enable new foreign oil prices have dealt a blow to many oil- investment in projects. This year, India rich countries. Meanwhile, terrorist surpassed China and the U.S. as the coun- attacks—and concerns over future try with the most greenfield foreign direct threats—add to the uncertainty. investment in the world, according to the “The world is an increasingly volatile Financial Times. “That market will open place,” says Steve Morriss, CEO of up for us in the next 18 months, with a lot AECOM’s Europe, Middle East and of U.S. companies going into that re- Africa region, noting that the company gion,” Sherriff says. “We hope to go with sees the impact on its business in China, them.” Sherriff says the company remains western Europe and parts of the Middle bullish on Southeast Asia. In 2014, it East. “Given our diversity, it’s almost opened an Indonesia office, and, this year, inevitable that we’re in a market that’s it opened a Bangkok office. Turner also is volatile. At the same time, that high level active in Vietnam, where the company has of diversity gives us tremendous robust- more than 80 employees. In Hanoi, ness in the business. We’re affected by Turner is building the VietinBank Tower, everything, but resilient to everything.” a 300,000-sq-meter mixed-use develop- Even within challenged markets, ment, consisting of a 68-story tower and opportunities exist. Morriss says prospects a 48-story tower. The project is scheduled continue to develop for commercial work FEELING BULLISH Turner is building a new to complete in 2018. in London, especially in areas that neigh- mixed-use, two-tower project in Vietnam, part of a In Malaysia, Sheriff says there is a bor the Crossrail project, currently under generally hot Southeast Asian market. “huge backlog of work that we feel will construction. Despite low oil prices, Saudi mies are driven by confidence,” he says. break loose in the next six to eight months.” Arabia has remained remarkably stable, “With lack of confidence, you can stop an Turner currently is building the $290- he notes. Although, as a whole, China is economy cold. All of that worries me.” million Four Seasons Place in Kuala Lum- experiencing an economic slowdown, he Still, the firm sees strong prospects in pur, Malaysia. Turner and many other says AECOM’s office in Hong Kong is some countries. Skanska has experienced firms hold a cautiously optimistic view of very active. tremendous growth in Poland, particu- global markets in the coming years. “When Richard Cavallaro, president and CEO larly in the commercial office sector. In you find so much unrest out there, any- of Skanska USA, says unrest in countries 2014, Skanska had more than 1,300 active thing can happen,” says Skanska’s Caval- such as Ukraine and Syria has caused con- contracts in Poland and hired more than laro. “You just try to be nimble and be cern in the development market. “Econo- 1,000 employees to help meet its needs. careful about who you work for.” n TURNER OF PHOTO COURTESY 50 n ENR SOURCEBOOK n December 7/14, 2015 enr.com ENR1207-12142015SB_Global_GenBuild.indd 50 11/30/15 6:09 PM SOURCEBOOK GENERAL BUILDING Top International Contractors Top International Design Firms GENERAL BUILDING GENERAL BUILDING REVENUE REVENUE RANK FIRM ($ MIL.*) RANK FIRM ($ MIL.*) 1 ACS, ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA 11,791.1 1 DAR AL-HANDASAH CONSULTANTS 1,218.7 2 HOCHTIEF AG 11,401.0 2 ARCADIS NV 1,204.0 3 SKANSKA AB 6,885.4 3 AECOM 1,092.8 4 OZTURK HOLDING CO. 5,854.0 4 WSP|PARSONS BRINCKERHOFF 871.0 5 STRABAG SE 5,024.0 5 ARUP 464.1 6 CHINA STATE CONSTRUCTION ENG'G CORP. LTD. 4,421.4 6 OZTURK HOLDING CO. 381.0 7 BOUYGUES SA 4,320.0 7 RAMBOLL GROUP A/S 360.8 8 LEND LEASE 3,439.8 8 STANTEC INC. 284.9 9 PCL CONSTRUCTION ENTERPRISES INC. 2,838.2 9 FUGRO NV 280.0 10 CITIC CONSTRUCTION CO. LTD. 2,493.1 10 ATKINS 278.8 11 ROYAL BAM GROUP NV 2,448.0 11 GENSLER 258.1 12 RENAISSANCE CONSTRUCTION 2,151.5 12 JACOBS 257.5 13 VINCI 1,778.3 13 AEDAS 242.0 14 CIMIC GROUP LTD. 1,590.2 14 SKIDMORE OWINGS & MERRILL LLP 208.8 15 KAJIMA CORP. 1,538.2 15 KHATIB & ALAMI 172.9 16 POLIMEKS INSAAT TAAHHUT VE SAN. TIC. AS 1,490.7 16 MOTT MACDONALD GROUP LTD. 154.4 17 FERROVIAL 1,397.7 17 COWI A/S 153.7 18 HYUNDAI ENGINEERING & CONSTRUCTION CO. LTD. 1,390.8 18 AURECON 140.9 19 POWER CONSTRUCTION CORP. OF CHINA 1,301.4 19 WL MEINHARDT GROUP PTY. LTD. 126.1 20 CONSOLIDATED CONTRACTORS GROUP 1,267.9 20 HOK 126.0 21 QINGJIAN GROUP CO. LTD. 1,243.0 21 SNC-LAVALIN INTERNATIONAL INC. 124.4 22 OBAYASHI CORP. 1,189.0 22 GHD PTY. LTD. 123.4 23 FLUOR CORP. 1,157.6 23 WOODS BAGOT 120.0 24 CHINA RAILWAY GROUP LTD. 1,071.1 24 CH2M HILL 117.1 25 ORASCOM CONSTRUCTION LTD. 954.0 25 HDR 113.7 26 ANT YAPI CONSTRUCTION, INDUSTRY & TRADE CO. LTD. 931.5 26 KOHN PEDERSEN FOX ASSOCIATES PC 107.6 27 CHINA METALLURGICAL GROUP CORP. 828.6 27 KEO INTERNATIONAL CONSULTANTS 105.5 28 BESIX SA 824.0 28 SWECO AB 100.0 29 EIFFAGE 794.0 29 AMEC PLC 99.1 30 HANWHA ENGINEERING & CONSTRUCTION CORP. 711.9 30 SSH 98.6 31 OHL 703.4 31 NORR 83.9 32 KAYSON 698.6 32 ADRIAN SMITH + GORDON GILL ARCHITECTURE 77.2 33 SAMSUNG C&T CORP. 697.0 33 EXP US SERVICES INC. 73.0 34 CHINA RAILWAY CONSTRUCTION CORP. LTD. 673.0 34 CHINA NAT'L MACHINERY INDUSTRY CORP. 71.9 35 ARABIAN CONSTRUCTION CO. 663.4 35 IBI GROUP 68.7 36 SHIMIZU CORP. 641.0 36 ATLAS TEXAS CONSTRUCTION AND TRADING INC. 66.6 37 CONSTRUTORA NORBERTO ODEBRECHT SA 622.8 37 EHAF CONSULTING ENGINEERS 65.6 38 SHAPOORJI PALLONJI ENGINEERING & CONSTRUCTION 611.8 38 PROGER SPA 62.8 39 GS ENGINEERING & CONSTRUCTION 608.8 39 WATG | WIMBERLY INTERIORS 61.0 40 TEKFEN CONSTRUCTION & INSTALLATION CO. INC. 587.0 40 ENGINEERING CONSULTANTS GROUP 59.4 41 BEIJING CONSTRUCTION ENGINEERING GROUP CO. LTD. 584.7 41 SHANGHAI XIAN DAI ARCHITECTURAL DESIGN (GROUP) CO.
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