Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
How to Capitalise on the Robots - 20th June 24
Bitcoin, Gold, and Copper Paint a Coherent Picture - 20th June 24
Why a Dow Stock Market Peak Will Boost Silver - 20th June 24
QI Group: Leading With Integrity and Impactful Initiatives - 20th June 24
Tesla Robo Taxis are Coming THIS YEAR! - 16th June 24
Will NVDA Crash the Market? - 16th June 24
Inflation Is Dead! Or Is It? - 16th June 24
Investors Are Forever Blowing Bubbles - 16th June 24
Stock Market Investor Sentiment - 8th June 24
S&P 494 Stocks Then & Now - 8th June 24
As Stocks Bears Begin To Hibernate, It's Now Time To Worry About A Bear Market - 8th June 24
Gold, Silver and Crypto | How Charts Look Before US Dollar Meltdown - 8th June 24
Gold & Silver Get Slammed on Positive Economic Reports - 8th June 24
Gold Summer Doldrums - 8th June 24
S&P USD Correction - 7th June 24
Israel's Smoke and Mirrors Fake War on Gaza - 7th June 24
US Banking Crisis 2024 That No One Is Paying Attention To - 7th June 24
The Fed Leads and the Market Follows? It's a Big Fat MYTH - 7th June 24
How Much Gold Is There In the World? - 7th June 24
Is There a Financial Crisis Bubbling Under the Surface? - 7th June 24
Bitcoin Trend Forecast, Crypto's Exit Strategy - 31st May 24
Zimbabwe Officials Already Looking to Inflate New Gold-Backed Currency - 31st May 24
India Silver Imports Have Already Topped 2023 Total - 31st May 24
Gold Has Done Its Job – Isn’t That Enough? - 31st May 24
Gold Stocks Catching Up - 31st May 24
Time to take the RED Pill - 28th May 24
US Economy Slowing Slipping into Recession, But Not There Yet - 28th May 24
Gold vs. Silver – Very Important Medium-term Signal - 28th May 24
Is Gold Price Heading to $2,275 - 2,280? - 28th May 24
Stocks Bull Market Smoking Gun - 25th May 24
Congress Moves against Totalitarian Central Bank Digital Currency Schemes - 25th May 24
Government Tinkering With Prices Is Like Hiding All of the Street Signs - 25th May 24
Gold Mid Tier Mining Stocks Fundamentals - 25th May 24
Why US Interest Rates are a Nothing Burger - 24th May 24
Big Banks Are Pressuring The Fed To Losen Protection For Depositors - 24th May 24
Another Bank Failure: How to Tell if Your Bank is At Risk - 24th May 24
AI Stocks Portfolio and Tesla - 23rd May 24
All That Glitters Isn't Gold: Silver Has Outperformed Gold During This Gold Bull Run - 23rd May 24
Gold and Silver Expose Stock Market’s Phony Gains - 23rd May 24
S&P 500 Cyclical Relative Performance: Stocks Nearing Fully Valued - 23rd May 24
Nvidia NVDA Stock Earnings Rumble After Hours - 22nd May 24
Stock Market Trend Forecasts for 2024 and 2025 - 21st May 24
Silver Price Forecast: Trumpeting the Jubilee | Sovereign Debt Defaults - 21st May 24
Bitcoin Bull Market Bubble MANIA Rug Pulls 2024! - 19th May 24
Important Economic And Geopolitical Questions And Their Answers! - 19th May 24
Pakistan UN Ambassador Grows Some Balls Accuses Israel of Being Like Nazi Germany - 19th May 24
Could We See $27,000 Gold? - 19th May 24
Gold Mining Stocks Fundamentals - 19th May 24
The Gold and Silver Ship Will Set Sail! - 19th May 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