<\/p>\n
While total revenue reaches 8-year-high, European contractors generate highest international revenue.<\/p>\n
The world\u2019s largest contracting firms reached a revenue of $499.7 billion in 2023, an eight-year high, according to the Engineering News-Record (ENR) magazine\u2019s Top 250 International Contractors list, compiled by Anadolu.<\/p>\n
The revenue of the companies listed increased 16.6% year-on-year, despite inflation, supply chain issues, climate change, and regional conflicts, the list showed.<\/p>\n
In 2015, the 250 contractors\u2019 revenues amounted to $501.1 billion, though this figure fell to $468.1 billion in the following year, only to recover in 2017 once again, reaching $482.4 billion.<\/p>\n
In 2018, the revenue of contractors in the ENR\u2019s list made up $487.3 billion, and $473.1 billion in 2019.<\/p>\n
During the pandemic, the revenues of contracting firms fell approximately $75 billion, totaling $420.4 billion in 2020 and $397.9 billion in 2021.<\/p>\n
The global contracting sector\u2019s revenues only grew in the years after the pandemic, from $428.5 billion in 2022 to last year\u2019s $499.7 billion.<\/p>\n
The list showed that the international revenue accumulated by European contractors amounted to $130.8 billion in 2023, followed by Asian contractors with $89.6 billion, and US contractors with $71.5 billion.<\/p>\n
In the Middle East, contractors\u2019 international revenues reached $64.3 billion in 2023, up 28.8% year-on-year, the highest increase among other regions, while African contractors generated $52.4 billion in international revenues in the same period.<\/p>\n
The list revealed that the international revenue of Latin American contractors last year reached $34.7 billion, followed by their Australian counterparts with $30.7 billion, Canadian contractors with $24 billion, and Caribbean ones with $1.7 billion in the same period.<\/p>\n
Meanwhile, of all types of contracting, transportation, such as airport, bridge, railway, and tunnel contracting, generated $154.6 billion, while construction of commercial buildings, hotels, hospitals, apartments, and other general construction accounted for $97 billion in revenue last year.<\/p>\n
Oil sector constructions, such as refineries, plants, and pipelines earned $81.1 billion in revenue, while energy contractors, companies that build thermal and hydroelectric power plants, among other things, generated $52 billion in revenue.<\/p>\n
Contractors building factories for automotive, textile, and other sectors saw $32.7 billion in revenue in the same period.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
While total revenue reaches 8-year-high, European contractors generate highest international revenue. The world\u2019s largest contracting firms reached a revenue of $499.7 billion in 2023, an eight-year high, according to the Engineering News-Record (ENR) magazine\u2019s Top 250 International Contractors list, compiled by Anadolu. The revenue of the companies listed increased 16.6% year-on-year, despite inflation, supply chain […]<\/p>\n","protected":false},"author":1,"featured_media":2496,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2495","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/09\/Largest-contractors-4.jpg",660,440,false],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/09\/Largest-contractors-4-463x348.jpg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/09\/Largest-contractors-4-300x200.jpg",300,200,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/09\/Largest-contractors-4.jpg",660,440,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=2495"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2495\/revisions"}],"predecessor-version":[{"id":2497,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2495\/revisions\/2497"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/2496"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=2495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=2495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=2495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}