China State Construction Engineering Corporation Ltd (China Construction) is China’s largest construction and real estate conglomerate and biggest building work contractor. It is the largest transnational construction company in the developing countries and top home builder in the world, taking the long lead of China’s international contracting business. China Construction is well known in the world for undertaking super high-rise, grand scale, cutting-edge and novel projects and has built up a great number of landmark projects in China and around the world. In the 2012 ranking of Fortune Global 500 companies, China Construction historically jumped into top100, having realized, ahead of the scheduled time, its strategic target set forth in the company’s “12th Five Year Plan”.
China Construction is the vanguard of China’s construction industry in carrying out foreign contracting operations. The undertaking of its overseas business dates back to the 1950s’ when the predecessor of the company took part in, as entrusted by the government, foreign economic aid programs, such as aiding Mongolia, aiding Vietnam, aiding Tanzania-Zambia railways, etc. In late 1970s’ when reform and opening just took place in China, the company took the lead in entering international contracting markets.
Over the past 30 years, China Construction has undergone hardships and struggles and has grown to be China’s largest international contractor, with overseas market distribution as below:
Hong Kong and Macao market;
Southeast Asian market with Singapore as the core, covering Vietnam, the Philippines, etc;
Middle East market with UAE as the core, covering Qatar, Kuwait, Bahrain, etc;
North America market with the US as the core, covering Barbados, the Bahamas, etc;
North African Market with Algeria as the core, covering Libya, etc;
Southern African market with Botswana as the core, covering South Africa, etc;
Central & West Africa market with Equatorial Guinea and Congo (Brazzaville) as the core, covering Angola, etc; and
Central Asian market with Russia as the core, covering Pakistan, Kazakhstan, etc.
By the end of 2011, China Construction has completed the contract value of $99.1 billion and revenue of $77.2 billion for its overseas operations. The overseas business covers multiple professional fields, namely housing construction, manufacture, energy, transportation, water conservancy, industry, petro-chemistry, hazards disposal, telecommunication, sewage/refuse treatment, etc. Projects of 8 kinds are involved such as airport, housing, road and bridge, water industry, medical treatment facility, hotels, government works and art/sport facility. A great number of such projects have become local landmarks, such as Terminal Building for Hong Kong International Airportwhichis awarded Top 10 Construction Achievement of the 20th Century, Cairo International Conference Center of Egypt, Pine Club Sheraton Hotel of Algeria and Boumediene International Airport which are famed “Symbol of Friendship”, RAMA VIII Bridge of Thailand which is depicted on the back of the local banknote, and Russian Federation Building which is known as “No. 1 Building in Europe”.
China Construction, in line with the strategy of internationalization, has achieved tremendous progress and development in its overseas operations. A number of such representative projects have been undertaken in Algeria, the Middle East, America, Singapore and Congo (Brazzaville) as Djamaa Mosque Project in Algeria, Republic Polytechnic of Singapore, The Palm Islands of Dubai, UAE, Doha High-rise Building of Qatar, Alexander Hamilton Bridge of USA, Congo (Brazzaville) No.1 National Highway and Baha Mar Cable Beach Resort Project. The international well known brand of “China Construction – CSCEC) is widely acknowledged around the world.