Today we are going to take a look at the largest construction companies in the world, published by Insider Monkey lately. I think there’s nobody out there, who would be surprised when I am saying, the construction industry is among the largest and most profitable industries in the entire world. Actually its global worth is $11,094 billion.
Infrastucture and construction are inevitable for developed economies. Construction is among those that keep the economy going. What are the essential necessities to live in a settlement? Providing access to clean water, building affordable houses, and building roads, supply people with electricity and so on. Construction industry is linked to other industries and sectors, therefore we can see how deep impact it has on the whole economy of a country. Further more, construction industry provides more than a million jobs across the globe, and it gives 6% of the global GDP, which is an extremely large number. The global expenditure of construction industry is foretold to reach $3.2 trillion by 2040, every each of year. So which are the largest construction companies? Come with us now, and let’s check out what Insider Monkey has investigated for us. We have picked two companies from the compilation, just like a brief foretaste.
On the tenth spot, here is ACS Group (BMAD:ACS), with its amazing numbers. ACS is a real mammoth company, headquartered in Spain, and owns projects all over the world, which give the company an outstanding profit of $43 billion.
Market cap in 2019 (in billions of dollars): 7.6
Revenue in 2019 (in billions of dollars): 43.7
Profit in 2019 (in millions of dollars): 1,100
Total assets in 2019 (in billions of dollars): 43.3
Up on the list, China Communications Construction (SSE:601800) stands on the fifth spot, and if you take a look at its market cap and revenues, you will understand why. However, if you check the list of the largest construction companies in the world, you can observe several Chinese companies. China Communications is state owned, and it mainly operates inland by building subways, bridges, subways, railways, tunnels, railways and highways.
Market cap in 2019 (in billions of dollars): 10.8
Revenue in 2019 (in billions of dollars): 79.8
Profit in 2019 (in millions of dollars): 2,800
Total assets in 2019 (in billions of dollars): 161.8