Most Popular
1. Banking Crisis is Stocks Bull Market Buying Opportunity - Nadeem_Walayat
2.The Crypto Signal for the Precious Metals Market - P_Radomski_CFA
3. One Possible Outcome to a New World Order - Raymond_Matison
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
5. Apple AAPL Stock Trend and Earnings Analysis - Nadeem_Walayat
6.AI, Stocks, and Gold Stocks – Connected After All - P_Radomski_CFA
7.Stock Market CHEAT SHEET - - Nadeem_Walayat
8.US Debt Ceiling Crisis Smoke and Mirrors Circus - Nadeem_Walayat
9.Silver Price May Explode - Avi_Gilburt
10.More US Banks Could Collapse -- A Lot More- EWI
Last 7 days
US Presidential Election Cycle and Recessions - 18th Mar 24
US Recession Already Happened in 2022! - 18th Mar 24
AI can now remember everything you say - 18th Mar 24
Bitcoin Crypto Mania 2024 - MicroStrategy MSTR Blow off Top! - 14th Mar 24
Bitcoin Gravy Train Trend Forecast 2024 - 11th Mar 24
Gold and the Long-Term Inflation Cycle - 11th Mar 24
Fed’s Next Intertest Rate Move might not align with popular consensus - 11th Mar 24
Two Reasons The Fed Manipulates Interest Rates - 11th Mar 24
US Dollar Trend 2024 - 9th Mar 2024
The Bond Trade and Interest Rates - 9th Mar 2024
Investors Don’t Believe the Gold Rally, Still Prefer General Stocks - 9th Mar 2024
Paper Gold Vs. Real Gold: It's Important to Know the Difference - 9th Mar 2024
Stocks: What This "Record Extreme" Indicator May Be Signaling - 9th Mar 2024
My 3 Favorite Trade Setups - Elliott Wave Course - 9th Mar 2024
Bitcoin Crypto Bubble Mania! - 4th Mar 2024
US Interest Rates - When WIll the Fed Pivot - 1st Mar 2024
S&P Stock Market Real Earnings Yield - 29th Feb 2024
US Unemployment is a Fake Statistic - 29th Feb 2024
U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - 29th Feb 2024
What a Breakdown in Silver Mining Stocks! What an Opportunity! - 29th Feb 2024
Why AI will Soon become SA - Synthetic Intelligence - The Machine Learning Megatrend - 29th Feb 2024
Keep Calm and Carry on Buying Quantum AI Tech Stocks - 19th Feb 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Construction Companies to Watch For in 2019

Companies / Sector Analysis Oct 09, 2018 - 05:17 PM GMT

By: Dylan_Moran

Companies

Build, build, build. The construction industry can help drive the economy of a certain nation, a collective of countries, and the world for that matter.

The construction sector is important because it generates jobs that spill over to other aspects such as spending, according to Dr. Sitsabo Dlamini in his graduate paper for the University of Reading. In Europe alone, the industry accounts for 9% of the whole region’s economy and generates 18 million jobs according to the European Commission (EC).


It works both ways; the construction sector is also driven by a good economy. More are likely to invest in retail and commercial construction because of the higher demand brought by higher wages.

When looking at sprawling or sky-high structures, do you ever wonder who is the construction firm behind it? It is interesting to know contractors with the most impressive, if not the most extensive, portfolio. Something to watch out for in 2019 as some of the construction projects are delivered by that time.

Asia and the World’s Biggest Contractor

A 2017 Constructional Global report named China State Construction Engineering Corporation Ltd as the biggest contractor in the world. What makes this private firm global: $160 billion in revenues, 270,000 employees, and countless projects from Algiers to New York to date.

The company is involved in the construction, design, development, and improvement of a host of projects: shopping centres, hotels, buildings, apartments, bridges and religious places of worship like mosques. It also plans to invest in education and healthcare facilities as it expands its business.

CSCEC has received numerous rewards for its contracting work, taking pride in its top construction methods and precision work for all projects done. Dynatect Manufacturing has been making machine and automation tools for the industry 70 years and counting.

Europe’s Real Estate Magnate

Paris-based Unibail-Rodamco has been hailed as the largest real estate developer in Europe, according to a separate 2017 list from Constructional Global. Its numbers are astounding: $2.34 billion in net sales, $51.92 billion in asset portfolio, and $2.75 billion in the bottom line (income net of taxes, put simply).

In Continental Europe alone, its real estate portfolio includes 60+ shopping centres, 13 office buildings, and 10 convention centres. Where there is a dynamic city, you can expect Unibail-Rodamco to own and operate the city’s prime retail assets.

Unibail-Rodamco acquired Westfield Corporation in 2017. When the takeover was completed in 2018, the company came to be known as Unibail-Rodamco-Westfield.

Australia and Asia-Pacific’s Top Contracting Company

Looking at CPB Contractors Pty’s projects, it’s easy to see why it’s ranked as the no. 1 contractor in Australia. Its projects span roads, buildings, defence facilities, hospitals, and healthcare centres.

One recent addition to its portfolio is the Metro Tunnel project from the Victorian Government. CPB Contractors was awarded $400 million for the project. Notably, the company is the construction arm of CIMIC that is part of the Rail Infrastructure Alliance that was awarded $1 billion for the related construction project.

CPB Contractors has 20,000+ employees in its native Australia and the Asia-Pacific.

United States’ Top Contractor

San Francisco-based Bechtel ranked as the no. 1 contractor on the top 400 list compiled by ENR (Engineering News-Record) for 2017.

In its 120 years of existence, Bechtel takes pride in its 25,000 projects that took it to 160 countries around the world. These projects are far reaching, including but not limited to:

  • The GBP480 million contract for the London City Airport; an Energy Facility in Carroll County, Ohio that will power 740,000 homes;
  • a 100-km rail that is named Elizabeth Line in England;
  • $1 billion NSC Chernobyl Shelter and Confinement in Ukraine that will seal off the radioactive material;
  • Sydney Metro that is tagged as the the biggest public transportation project in Australia.

With numerous projects under its belt with a delivery timeline between here and the next year or so, it’s no wonder why Bechtel is everywhere.

Based on the foregoing, it can be seen that governments, local and national/federal, also lend a hand in construction booms. Their routine and sometimes hiked capital spending can lead to new or improved airports, road networks, motorways, rails, and other public infrastructure projects that benefit their respective constituents through job creation and better services.

By Dylan M.

© 2018 Copyright Dylan M. - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in