Data released by the US-based Engineering News Records (ENR) shows that combined sales of South Korea’s leading construction firms ranked fifth in the world in 2014, marking the first time the country has appeared in global top-five.
Among the world’s 250 largest builders South Korea’s 12 biggest construction firms posted $37.06 billion in combined sales in the 2014 recording cycle –that accounted for a 7.1 percent share of the global market.
South Korea’s Ministry of Land, Infrastructure and Transport added that the numbers actually represented a drop of $5.3 billion from the previous year and that Korea’s rise in the ranking was largely due to foreign rivals having suffered greater losses than Korean firms.
With it’s move into the top 5, Korea pushed out Germany, whose sales came in at $33.84 billion for the year.
China remained at number one with a global market share of 17.2 percent followed by Spain, the United States and France holding the other spots in the top 5 globally.
“The top five ranking comes as South Korea marks its 50th year of making inroads into the foreign construction market this year,” the ministry said in a statement.
“As of this year, aggregate orders won by local builders surpassed the $700-billion mark.”
RANK | FIRM | |
---|---|---|
2015 | 2014 | |
1 | 1 | ACS, Actividades de Construccion y Servicios SA, Madrid, Spain |
2 | 2 | HOCHTIEF Aktiengesellschaft, Essen, Germany |
3 | 3 | Bechtel, San Francisco, Calif., U.S.A. |
4 | 4 | VINCI, Rueil-Malmaison Cedex, France |
5 | 9 | China Communications Construction Grp. Ltd., Beijing, China |
6 | 10 | TECHNIP, Paris, France |
7 | 7 | BOUYGUES SA, Paris Cedex 08, France |
8 | 8 | Skanska AB, Stockholm, Sweden |
9 | 6 | STRABAG SE, Vienna, Austria |
10 | 11 | Saipem, San Donato Milanese, Italy |
11 | 23 | Power Construction Corp. of China, Beijing, China |
12 | 5 | Fluor Corp., Irving, Texas, U.S.A. |
13 | 12 | Construtora Norberto Odebrecht SA, Sao Paulo, SP, Brazil |
14 | 13 | Hyundai Engineering & Construction Co. Ltd., Seoul, S. Korea |
15 | 14 | Ferrovial, Madrid, Spain |
16 | 17 | Samsung C&T Corp., Seoul, S. Korea |
17 | 20 | China State Construction Eng’g Corp. Ltd., Beijing, China |
18 | ** | Ozturk Holding Co., Istanbul, Turkey |
19 | 18 | Royal BAM Group nv, Bunnik, The Netherlands |
20 | 19 | Abeinsa SA, Seville, Spain |
21 | 21 | Petrofac Ltd., Jersey, Channel Islands, U.K. |
22 | 24 | Consolidated Contractors Group, Athens, Greece |
23 | 28 | China Railway Group Ltd., Beijing, China |
24 | 26 | CB&I, The Woodlands, Texas, U.S.A. |
25 | 22 | PCL Construction Enterprises Inc., Denver, Colo., U.S.A. |
26 | 29 | GS Engineering & Construction, Seoul, S. Korea |
27 | 25 | China Nat’l Machinery Industry Corp., Beijing, China |
28 | 27 | JGC Corp., Yokohama, Japan |
29 | 33 | CIMIC Group Ltd., St. Leonards, NSW, Australia |
30 | 34 | Salini Impregilo SpA, Milan, Italy |
31 | 31 | OHL, Madrid, Spain |
32 | 38 | Tecnicas Reunidas, Madrid, Spain |
33 | 35 | Lend Lease, Millers Point, NSW, Australia |
34 | 30 | Daelim Industrial Co. Ltd., Seoul, S. Korea |
35 | 45 | Obayashi Corp., Tokyo, Japan |
36 | 37 | Kiewit Corp., Omaha, Neb., U.S.A. |
37 | 53 | Renaissance Construction, Ankara, Turkey |
38 | 190 | McConnell Dowell Corp. Ltd., Hawthorn West, VIC, Australia |
39 | 44 | Chiyoda Corp., Yokohama, Kanagawa Pref., Japan |
40 | 67 | Orascom Construction Ltd., Dubai, Egypt |
41 | 42 | EIFFAGE, Vélizy-Villacoublay, France |
42 | 43 | SK Engineering & Construction, Seoul, S. Korea |
43 | 49 | Daewoo Engineering & Construction Co. Ltd., Seoul, S. Korea |
44 | 51 | China Gezhouba Group Co. Ltd., Wuhan City, Hubei Prov., China |
45 | 40 | KBR, Houston, Texas, U.S.A. |
46 | ** | Jan De Nul Group, Capellen, Luxembourg |
47 | 71 | China Civil Engineering Construction Corp., Beijing, China |
48 | 48 | M+W Group, Stuttgart, Germany |
49 | 68 | China Metallurgical Group Corp., Beijing, China |
50 | 50 | Danieli & C. OM SpA, Buttrio (UD), Italy |
51 | 56 | Jacobs, Pasadena, Calif., U.S.A. |
52 | 46 | CITIC Construction Co. Ltd., Beijing, China |
53 | 54 | Kajima Corp., Tokyo, Japan |
54 | 59 | Mota-Engil, Porto, Portugal |
55 | 62 | Astaldi SpA, Rome, Italy |
56 | 65 | WorleyParsons, North Sydney, NSW, Australia |
57 | 47 | Larsen & Toubro Ltd., Mumbai, Maharashtra, India |
58 | 39 | China Railway Construction Corp. Ltd., Beijing, China |
59 | 57 | POSCO Engineering & Construction(Strategic Planning Dept.), Incheon, S. Korea |
60 | 70 | Toyo Engineering Corp., Narashino, Chiba, Japan |
61 | 60 | ACCIONA Infraestructuras SA, Madrid, Spain |
62 | 85 | Polimeks Insaat Taahhut ve San. Tic. AS, Istanbul, Turkey |
63 | 41 | Isolux Corsan, Madrid, Spain |
64 | 63 | China Petroleum Pipeline Bureau (CPP), Langfang City, Hebei, China |
65 | 52 | Enka Construction & Industry Co. Inc., Istanbul, Turkey |
66 | 76 | China Petroleum Engineering & Const. (Group) Corp., Beijing, China |
67 | ** | AECOM, Los Angeles, Calif., U.S.A. |
68 | 100 | SNC-Lavalin International Inc., Montreal, Quebec, Canada |
69 | 66 | Van Oord, Rotterdam, The Netherlands |
70 | 72 | PORR AG, Vienna, Austria |
71 | 61 | Sacyr , Madrid, Spain |
72 | 79 | Dongfang Electric Corp., Chengdu, Sichuan, China |
73 | 69 | BESIX SA, Brussels, Belgium |
74 | 84 | China Int’l Water & Electric Corp., Beijing, China |
75 | 75 | Shimizu Corp., Chuo-ku, Japan |
76 | 82 | China National Chemical Engineering Group Corp., Beijing, China |
77 | 87 | Takenaka Corp., Osaka, Japan |
78 | 73 | Hanwha Engineering & Construction Corp., Seoul, S. Korea |
79 | 81 | Joannou & Paraskevaides Group of Cos., Guernsey, Saudi Arabia |
80 | 78 | Maire Tecnimont, Milan, Italy |
81 | 98 | Qingjian Group Co. Ltd., Qingdao, Shandong, China |
82 | 83 | TAV Construction, Istanbul, Turkey |
83 | 77 | Andrade Gutierrez Engenharia SA, Rio de Janeiro, Brazil |
84 | 88 | Sinopec Engineering (Group) Co. Ltd., Beijing, China |
85 | 105 | The Arab Contractors Co., Cairo, Egypt |
86 | 93 | CGCOC Group Co. Ltd. (formerly CGC Overseas Construction Group Co. Ltd.), Beijing, China |
87 | 97 | Penta-Ocean Construction Co. Ltd., Tokyo, Japan |
88 | 86 | Ed. Züblin AG, Stuttgart, Baden-Württemberg, Germany |
89 | 157 | Calik Enerji Saanayi ve Ticaret AS, Ankara, Turkey |
90 | 101 | Tekfen Construction & Installation Co. Inc., Istanbul, Turkey |
91 | 64 | Shanghai Electric Group Co. Ltd., Shanghai, China |
92 | 107 | Ant Yapi Construction, Industry & Trade Co. Ltd., Istanbul, Turkey |
93 | 90 | China General Technology (Group) Holding Ltd., Beijing, China |
94 | 96 | Condotte SpA, Rome, Italy |
95 | 99 | Arabian Construction Co., Abu Dhabi, U.A.E. |
96 | 95 | COMSA EMTE, Barcelona, Catalonia, Spain |
97 | 106 | BAUER AG, Schrobenhausen, Bavaria, Germany |
98 | 123 | Shapoorji Pallonji Engineering & Construction, Dubai, U.A.E. |
99 | 118 | Kayson, Tehran, Iran |
100 | 129 | Shanghai Construction Group, Shanghai, China |