Seeking Greener Pastures

Overview p. 2 // International Market Analysis p. 2 // Past Decade s International Contracting Revenue p. 2 // International Region Analysis p. 3 // 2012 Revenue Breakdown p. 3 // 2012 New Contracts p. 3 // Domestic Staff Hiring p. 3 // International Staff Hiring p. 3 // Profit/Loss p. 4 // 2012 Backlog p. 4 // Top 10 by Region p. 4 // Top 10 by Market p. 5 // Top 20 non-u.s. International Construction/Program Managers p. 6 // Top 20 non-u.s. Global Construction/Program Managers p. 6 Massive Abu Dhabi Gas Project p. 7 // Chinese Contractors Thriving in Global Market p. 7 // How Contractors Shared the 2012 Market p. 8 // How To Read the Tables p. 8 // Top 250 International Contractors List p. 9 // International Contractors Index p. 14 // Top 250 Global Contractors List p. 15 // Global Contractors Index p. 20 NUMBER 45 PHOTO BY ISOLUX CORSAN AMAZONIA Grupo Isolux Corsan is building 740 miles of high-voltage power lines in Brazil s state of Amazonas, including two 965-ft-tall pylons used to cross the Amazon River. The Top 250 International Contractors Seeking Greener Pastures Large international contractors, particularly from Europe, are seeking new markets in Asia and the Americas By Peter Reina and Gary J. Tulacz enr.com August 26/September 2, 2013 ENR 1

THE TOP 250 INTERNATIONAL CONTRACTORS Int l Market Analysis Buildings $103,260.34 20.2% 23.4% Petroleum $119.773.48 OVERVIEW 25.6% Transportation $130,710.12 0.4% Hazardous Waste $2,084.80 1.1% Telecom $5,757.23 1.4% Sewer/Waste $7,172.81 Manufacturing $7,953.58 3.0% Water $15,406.92 1.6% 4.9% Other $24,914.40 8.2% Industrial $42,115.99 10.2% Power $51,902.29 (Measured $ millions) Source: McGraw Hill Construction Research & Analytics / ENR. Comparing the Past Decade s International Contractor Revenue $139.8 2003 $167.5 2004 $189.4 2005 $224.4 2006 $310.3 2007 $382.4 2008 $383.8 2009 $383.7 2010 $453.0 2011 $507.5* 2012 (in $ billions) Source: McGraw Hill Construction Research & Analytics / ENR. *The 2012 figure is for the Top 225 International Contractors. The Expanded Top 250 list firms had a combined revenue of $511.1 billion. Large international contractors are scrambling for work amid stagnant markets in Europe and the U.S., while other fertile markets in the developing world, such as North Africa, are mired in political upheaval. However, contractors are finding opportunities in other regions, and most are holding their own even in depressed markets. But it means more contractors are testing new waters in the international marketplace. The growing number of contractors finding success in new global spots helps explain why ENR has decided to expand its list of top international contractors. Now, the list includes 250 top firms, up from 225, in recognition of the growing number of contractors flourishing in the international marketplace. (The ENR Top International Contractors list had been a Top 250 list until 1991, but it was cut back to a top 225 list in 1992.) On the Top 250 International Contractors list, firms are ranked based on contracting revenue from projects outside of their home countries, measuring their presence in international commerce. ENR also has expanded its Top 250 Global Contractors list, which ranks contractors based on total worldwide contracting revenue, regardless of the projects locations. The ENR Top 250 International Contractors had $511.05 billion in contracting revenue in 2012 from projects outside their home countries, along with $813.55 billion in revenue from domestic projects, for The entire ASEAN zone is a growth area for our companies, in particular Vietnam, Indonesia, Burma and Malaysia. Jean Rossi, President, Vinci Construction S.A. a total contracting revenue of $1.32 trillion. For year-to-year comparisons, the only revenue considered was from this year s 225 largest international contractors. This year s top 225 had international revenue of $507.50 billion in 2012, which represents a 12.0% increase over the $453.02 billion from last year s Top 225. On a regional basis, Canadian projects are the big winner, with a 33.6% increase among this year s Top 225 list. International contracting revenue also was up 23.0% in Asia and Australia, 22.0% in Latin America, 20.0% in the U.S. and 9.0% in the Middle East. Not surprisingly, contracting revenue for the Top 225 contractors was relatively flat in financially strapped Europe, rising only 0.3%. And while contracting revenue rose 2.5% in central and southern Africa, it fell 10.5% in strife-torn northern Africa. New World Opportunities With European markets working through a prolonged stagnation, many large European contractors are recasting their strategies. U.K.-based Balfour Beatty plc, for example, is combining the design and management skills of its U.S.-based Parsons Brinckerhoff subsidiary with the capabilities of its existing investment, construction and operations units to offer full life-cycle services, says CEO Andrew McNaughton. enr.com August 26/September 2, 2013 ENR 2

THE TOP 250 INTERNATIONAL CONTRACTORS Int l Region Analysis 27.2% 0.5% Caribbean Islands $2,795.29 4.4% North Africa $22,372.40 6.7% South and Central Africa $34,492.53 5.4% Canada $27,492.81 8.6% United States $44,106.44 9.2% Latin America $47,220.80 17.9% Middle East $91,318.09 20.0% Europe $102,262.94 Asia and Australia $138,814.23 #12 CONSTRUTORA NORBERTO ODEBRECHT S Acreditar ( Believe ) program has helped train 160,000 workers in 25 countries. Revenue (in $ billions) $813.6 $511.1 $1,324.6 New Contracts (in $ billions) Domestic Revenue OVERVIEW International Revenue Total Revenue Source: McGraw Hill Construction Research & Analytics / ENR. $1,585.3 Domestic New Contracts (Measured $ millions) Source: McGraw Hill Construction Research & Analytics / ENR. $998.2 $587.1 Int l New Contracts Total New Contracts Source: McGraw Hill Construction Research & Analytics / ENR. Professional Domestic Staff Hiring 34 67 97 Professional International Staff Hiring 27 56 96 Increase Decrease Stayed the Same (Measured in firms reporting) Source: McGraw Hill Construction Research & Analytics/ENR. As part of that strategy, Balfour Beatty is selling its rail engineering business in European countries where it has no other businesses. You have to be in more than one sector, explains McNaughton. France s Bouygues Construction SA also is developing skills and businesses over the longest possible value chain to boost local and international business, says chairman and CEO Yves Gabriel. He attributes his firm s win of a share in a $515-million real estate development contract in Miami to its strategy of positioning ourselves on complex, high-value-added projects. Bouygues used its presence on a publicprivate partnership (PPP) for the Miami Port tunnel project to gain entry to the U.S. market, which is attracting increasing numbers of European-based firms. The U.S. is probably going to become our target construction market at the end of the year as construction demand picks up in regional markets, says McNaughton. As a stable, resource-driven market, Canada remains a key focus for Balfour Beatty, he adds. In all likelihood... many major projects will be launched in the United States, says Jean Rossi, president of Paris-based Vinci Construction SA. Vinci is working on the road, bridge and tunnel Ohio East End Crossing PPP projects between Kentucky and Indiana. Italy s Maire Tecnimont is particularly interested in the shale oil and gas developments under way in the 222 of the Top 250 sent in surveys last year. 66.7% had increased international revenue in 2012. 32.9% had lower international revenue in 2012. U.S. Additional gas supply volumes at lower prices are making the North American gas market really appealing for large downstream investments in each of our business units: oil and gas, petrochemicals and fertilizers, says Chairman Fabrizio Di Amato. The U.S. market has definitely gone up, attracting increasing competition from European firms, says Johan Karlström, CEO of Sweden-based Skanska. The European presence in the U.S. has grown substantially through local acquisitions, he adds. European Blues Europeans interest in the U.S. stems partly from the more difficult conditions on their side of the Atlantic. Investment capacity in Eastern Europe is suffering from a reduction in European Union funding and stricter national budget constraints, notes Gabriel. But demands for infrastructure offer good prospects in the medium term. In Eastern Europe, Bechtel Inc. is targeting major highways following successful large contracts in countries, including Albania and Kosovo, says Peter Dawson, president of London-based Bechtel Civil Infrastructure. But the opportunities are scarcer than they once were, he adds. Bechtel s Eastern European experience is not all good. Because of limited government budgets, Bechtel enr.com August 26/September 2, 2013 ENR 3

THE TOP 250 INTERNATIONAL CONTRACTORS OVERVIEW The Top 10 by Region 1 ASIA RANK 2013 2012 Top 10 Revenue: $74,214.8 Mil. Sector s Revenue: $138,814.2 Mil. 1 1 2 2 GRUPO ACS 3 3 BECHTEL 4 5 FLUOR CORP. 5 4 CHINA COMMUNICATIONS CONSTR. GROUP 6 6 LEIGHTON HOLDINGS LTD. 7 7 SAIPEM 8 ** 9 8 CHINA STATE CONSTRUCTION ENG'G CORP. 10 ** HYUNDAI ENGINEERING & CONSTR. CO. LTD. 2 EUROPE RANK 2013 2012 Top 10 Revenue: $68,365.0 Mil. Sector s Revenue: $102,262.9 Mil. 1 1 2 2 3 4 SKANSKA AB 4 3 FCC, FOMENTO DE CONSTR. Y CONTRATAS SA 5 8 GRUPO ACS 6 5 7 6 ROYAL BAM GROUP NV 8 7 BILFINGER SE 9 ** BECHTEL 10 10 TECHNIP 3 MIDDLE EAST RANK 2013 2012 Top 10 Revenue: $38,757.3 Mil. Sector s Revenue: $91,318.1 Mil. 1 3 SAMSUNG ENGINEERING CO. LTD. 2 4 HYUNDAI ENGINEERING & CONSTR. CO. LTD. 3 10 DAELIM INDUSTRIAL CO. LTD. 4 1 BECHTEL 5 2 CONSOLIDATED CONTRACTORS GROUP 6 7 SAIPEM 7 6 FLUOR CORP. 8 5 GS ENGINEERING & CONSTRUCTION CORP. 9 ** SK ENGINEERING & CONSTRUCTION CO. LTD. 10 ** LARSEN & TOUBRO LTD. 4 UNITED STATES RANK 2013 2012 Top 10 Revenue: $38,053.0 Mil. Sector s Revenue: $44,106.4 Mil. 1 2 GRUPO ACS 2 1 3 3 SKANSKA AB 4 4 BALFOUR BEATTY PLC 5 6 LEND LEASE GROUP 6 5 7 8 ABEINSA SA 8 ** TECHNIP 9 7 OBAYASHI CORP. 10 10 KAJIMA CORP. 5 LATIN AMERICA / CARIBBEAN RANK 2013 2012 Top 10 Revenue: $28,355.4 Mil. Sector s Revenue: $50,016.1 Mil. 1 1 CONSTRUTORA NORBERTO ODEBRECHT 2 2 GRUPO ACS 3 5 FLUOR CORP. 4 3 OHL SA (OBRASCON HUARTE LAIN SA) 5 4 ABEINSA SA 6 10 TECHNIP 7 7 GRUPO ISOLUX CORSAN SA 8 8 BECHTEL 9 ** CHINA NAT L MACHINERY INDUSTRY CORP. 10 ** SALINI SPA 6 AFRICA RANK 2013 2012 1 1 SAIPEM Top 10 Revenue: $23,003.6 Mil. Sector s Revenue: $56,864.9 Mil. 2 2 CHINA COMMUNICATIONS CONSTR. GROUP 3 4 SINOHYDRO GROUP LTD. 4 3 5 6 CHINA RAILWAY GROUP LTD. 6 10 CITIC CONSTRUCTION CO. LTD. 7 9 CHINA STATE CONSTRUCTION ENG'G CORP. 8 8 9 ** CONSTRUTORA NORBERTO ODEBRECHT 10 ** CHINA NATIONAL MACHINERY INDUSTRY CORP. 7 CANADA RANK 2013 2012 Top 10 Revenue: $21,827.5 Mil. Sector s Revenue: $27,492.8 Mil. 1 1 PCL CONSTRUCTION ENTERPRISES INC. 2 2 FLUOR CORP. 3 4 KIEWIT CORP. 4 3 BECHTEL 5 5 6 9 GRUPO ACS 7 ** 8 ** WORLEYPARSONS LTD. 9 7 10 ** URS CORP. Reporting Profit / Loss 134 Domestic Profit International Profit 138 30 26 Domestic Loss International Loss (Measured in firms reporting) Source: McGraw Hill Construction Research & Analytics/ENR. Total Backlog 103 Increase Stayed the same Decrease 44 47 (Measured in firms reporting) Source: McGraw Hill Construction Research & Analytics/ENR. this year terminated by mutual agreement its Transylvanian motorway turnkey contract in Romania after 10 troubled years. Only a small proportion of the 415-kilometer job was completed, laments Dawson. In western Europe, French demand in the Paris region remains strong but is weaker in the provinces, says Gabriel. However, the firm has conditionally won a major contract for the Marseilles beltway. But even for general contractors with a long U.K. presence, conditions are not rosy. With a significant On the Web For expanded content on the ENR Top Lists see enr.com/ toplists. reduction in large infrastructure work, Balfour Beatty s U.K market has shrunk by 20% over the last year, says McNaughton. Government efforts to boost infrastructure are welcome but too long term. The focus needs to be more on the local market, he adds. There is increasing talk about infrastructure investment in the run-up to the 2015 U.K. elections, says Karlström, but we haven t really seen it materialize. The U.K. is Skanska s main European market outside Scandinavia, which is booming. Norway especially is enr.com August 26/September 2, 2013 ENR 4

THE TOP 250 INTERNATIONAL CONTRACTORS The Top 10 by Market #23 OHL SA of Spain is building the $2-billion Centre Hospitalier de l Université de Montréal in Canada, using a public-private partnership. OVERVIEW 1 TRANSPORTATION RANK 2013 2012 Top 10 Revenue: $74,678.2 Mil. Sector s Revenue: $130,710.1 Mil. 1 4 GRUPO ACS 2 2 CHINA COMMUNICATIONS CONSTR. GROUP 3 1 4 6 5 3 6 5 7 7 BECHTEL 8 8 FCC, FOMENTO DE CONSTR. Y CONTRATAS SA 9 10 CONSTRUTORA NORBERTO ODEBRECHT 10 ** OHL SA (OBRASCON HUARTE LAIN SA) 2 PETROLEUM RANK 2013 2012 1 1 SAIPEM 2 2 TECHNIP 3 3 BECHTEL Top 10 Revenue: $64,452.8 Mil. Sector s Revenue: $119,773.5 Mil. 4 5 SAMSUNG ENGINEERING CO. LTD. 5 4 PETROFAC LTD. 6 6 FLUOR CORP. 7 ** DAELIM INDUSTRIAL CO. LTD. 8 7 JGC CORP. 9 ** 10 8 CONSOLIDATED CONTRACTORS GROUP 3 BUILDINGS RANK 2013 2012 Top 10 Revenue: $53,234.1 Mil. Sector s Revenue: $103,260.3 Mil. 1 2 GRUPO ACS 2 1 3 3 SKANSKA AB 4 4 5 5 6 6 CHINA STATE CONSTRUCTION ENG G CORP. 7 8 PCL CONSTRUCTION ENTERPRISES INC. 8 ** LEND LEASE GROUP 9 7 BALFOUR BEATTY PLC 10 ** ROYAL BAM GROUP NV 4 INDUSTRIAL RANK 2013 2012 Top 10 Revenue: $30,419.8 Mil. Sector s Revenue: $42,116.0 Mil. 1 2 FLUOR CORP. 2 1 BECHTEL 3 3 BILFINGER SE 4 4 DANIELI & C OM SPA 5 ** GRUPO ACS 6 ** POSCO ENGINEERING & CONSTRUCTION 7 ** SAMSUNG ENGINEERING CO. LTD. 8 ** CHINA NATIONAL MACHINERY INDUSTRY CORP. 9 ** HYUNDAI ENGINEERING & CONSTR. CO. LTD. 10 8 CHINA METALLURGICAL GROUP CORP. 5 POWER RANK 2013 2012 Top 10 Revenue: $25,504.7 Mil. Sector s Revenue: $51,902.3 Mil. 1 2 ABEINSA SA 2 1 GRUPO ACS 3 3 CHINA NATIONAL MACHINERY INDUSTRY CORP. 4 ** HYUNDAI ENGINEERING & CONSTR. CO. LTD. 5 4 SINOHYDRO GROUP LTD. 6 5 7 6 SEPCOIII ELECTRIC POWER CONSTR. CORP. 8 7 SEPCO ELECTRIC POWER CONSTR. CORP. 9 ** SAMSUNG C&T CORP. 10 ** GRUPO ISOLUX CORSAN SA 6 WATER RANK 2013 2012 Top 10 Revenue: $9,411.0 Mil. Sector s Revenue: $15,406.9 Mil. 1 6 SALINI SPA 2 2 GRUPO ACS 3 1 4 4 CONSTRUTORA NORBERTO ODEBRECHT 5 10 SINOHYDRO GROUP LTD. 6 ** 7 7 CHINA INT'L WATER & ELECTRIC CORP. (CWE) 8 8 9 ** SACYR VALLEHERMOSO 10 ** CHINA GEZHOUBA GROUP CO. LTD. 7 MANUFACTURING RANK 2013 2012 Top 10 Revenue: $5,981.9 Mil. Sector s Revenue: $7,953.6 Mil. 1 1 TAKENAKA CORP. 2 2 KAJIMA CORP. 3 9 SHIMIZU CORP. 4 4 TAIKISHA LTD. 5 3 6 7 SKANSKA AB 7 6 GRUPO ACS 8 ** SAMSUNG C&T CORP. 9 10 OBAYASHI CORP. 10 ** PCL CONSTRUCTION ENTERPRISES INC. 8 SEWER / WASTE RANK 2013 2012 Top 10 Revenue: $4,388.6 Mil. Sector s Revenue: $7,172.8 Mil. 1 1 GRUPO ACS 2 2 3 3 4 5 FCC, FOMENTO DE CONSTR. Y CONTRATAS SA 5 6 SKANSKA AB 6 9 CHINA COMMUNICATIONS CONSTR. GROUP 7 ** LEIGHTON HOLDINGS LTD. 8 ** BALFOUR BEATTY PLC 9 ** MWH GLOBAL 10 ** 9 HAZARDOUS WASTE RANK 2013 2012 Top 10 Revenue: $2,032.2 Mil. Sector s Revenue: $2,084.8 Mil. 1 ** CHINA GENERAL TECHNOLOGY (GROUP) LTD. 2 2 3 3 GRUPO ACS 4 1 5 4 6 5 FCC, FOMENTO DE CONSTR. Y CONTRATAS SA 7 9 ECC 8 6 JOANNOU & PARASKEVAIDES GROUP OF COS. 9 ** CH2M HILL 10 8 LEIGHTON HOLDINGS LTD. spending a lot of money on infrastructure, he says, but competition from other Europeans is intensifying. European firms also are finding renewed activity in the Middle East and North Africa (MENA). We are seeing growth coming back, and even Dubai is growing again, says McNaughton. Dawson sees many regional opportunities, particularly in rail and metros, but the market is highly competitive, he says. A Bechtel consortium last month clinched a $10-billion turnkey contract for two lines of Riyadh s new metro system. Vinci s primary Middle Eastern market is Qatar, where the firm has a share in a $2-billion metro contract. Vinci controls 49% of the joint venture with the sovereign wealth fund Qatari Diar, which leads the metro consortium. Fuelled by preparations for the 2022 World Cup, Qatar remains very dynamic, adds Gabriel. But we face strong competition. Not all is promising in the Middle East, thanks in part to the European banking crisis. MENA is the major market for [engineer-procure-construct] con- enr.com August 26/September 2, 2013 ENR 5

THE TOP 250 INTERNATIONAL CONTRACTORS OVERVIEW THE TOP 20 NON-U.S. FIRMS IN INTERNATIONAL CONSTRUCTION MANAGEMENT / PROGRAM MANAGEMENT FEES* AGENCY PROGRAM TOTAL CM FEES MGMT. FEE CM / PM RANK FIRM ($ MIL) ($ MIL) ($ MIL) 1 LEND LEASE GROUP, Millers Point, Australia 590.5 22.9 613.4 2 ARCADIS NV, Amsterdam, The Netherlands 0.0 433.0 433.0 3 WORLEYPARSONS LTD., North Sydney, Australia 148.2 146.6 294.8 4, Essen, Germany 0.0 286.4 286.4 5 CHINA ALUMINUM INTERNATIONAL ENG G CO. LTD., Beijing, China 0.0 272.3 272.3 6 SNC-LAVALIN INC., Montreal, Canada 250.9 0.0 250.9 7 HATCH GROUP, Mississauga, Canada 75.7 153.8 229.5 8 ATKINS, Epsom, U.K. 101.0 96.6 197.6 9 BALFOUR BEATTY PLC, London, U.K. 38.5 101.0 139.5 10 DAR AL-HANDASAH CONSULTANTS, Cairo, Egypt 132.3 0.0 132.3 11 TURNER & TOWNSEND PLC, Leeds, U.K. 80.3 37.2 117.5 12 KEO INTERNATIONAL CONSULTANTS WLL, Safat, Kuwait 56.1 47.7 103.8 13 SEPCO ELECTRIC POWER CONSTRUCTION CORP., Jinan City, China 0.0 72.5 72.5 14 PROJACS INTERNATIONAL, Manama, Bahrain 59.5 12.2 71.6 15 RAMBOLL GROUP A/S, Copenhagen S, Denmark 53.7 13.7 67.5 16 ARUP GROUP LTD., London, U.K. 59.8 0.0 59.8 17 AUSENCO, South Brisbane, Australia 54.6 0.0 54.6 18 EHAF CONSULTING ENGINEERS, Giza, Egypt 49.4 0.0 49.4 19 GHD, Sidney, Australia 4.4 21.4 25.8 20 CONSOLIDATED CONSULTANTS GROUP (CC), Amman, Jordan 24.6 0.0 24.6 *BASED ON FEES FOR MANAGMEMENT SERVICES PROVIDED ON A FEE-ONLY BASIS FOR PROJECTS OUTSIDE THE FIRM S HOME COUNTRY THE TOP 20 NON-U.S. FIRMS IN TOTAL CONSTRUCTION MANAGEMENT / PROGRAM MANAGEMENT FEES* AGENCY PROGRAM TOTAL CM FEES MGMT. FEE CM / PM RANK FIRM ($ MIL) ($ MIL) ($ MIL) 1, Essen, Germany 0.0 1,059.9 1,059.9 2 CHINA ALUMINUM INTERNATIONAL ENG G CO. LTD., Beijing, China 6.8 783.1 789.9 3 LEND LEASE GROUP, Millers Point, Australia 692.5 22.9 715.4 4 SNC-LAVALIN INC., Montreal, Canada 551.1 0.0 551.1 5 ARCADIS NV, Amsterdam, The Netherlands 0.0 501.0 501.0 6 CHINA POWER ENGINEERING CONSLTG. GROUP CO., Beijing, China 443.2 0.0 443.2 7 HATCH GROUP, Mississauga, Canada 115.8 235.2 351.0 8 ATKINS, Epsom, U.K. 133.0 205.4 338.4 9 WORLEYPARSONS LTD., North Sydney, Australia 148.2 161.2 309.4 10 TURNER & TOWNSEND PLC, Leeds, U.K. 162.1 138.2 300.3 11 GHD, Sidney, Australia 91.1 91.5 182.6 12 SEPCO ELECTRIC POWER CONSTRUCTION CORP., Jinan City, China 0.0 160.2 160.2 13 BALFOUR BEATTY PLC, London, U.K. 38.5 104.6 143.2 14 DAR AL-HANDASAH CONSULTANTS, Cairo, Egypt 132.9 0.0 132.9 15 KEO INTERNATIONAL CONSULTANTS WLL, Safat, Kuwait 58.3 47.7 106.0 16 RAMBOLL GROUP A/S, Copenhagen S, Denmark 78.6 24.5 103.1 17 ARUP GROUP LTD., London, U.K. 97.3 0.0 97.3 18 HANMIGLOBAL, Seoul, S. Korea 89.4 0.0 89.4 19 EHAF CONSULTING ENGINEERS, Giza, Egypt 74.7 0.0 74.7 20 PROJACS INTERNATIONAL, Manama, Bahrain 60.3 12.2 72.4 *BASED ON FEES FOR MANAGMEMENT SERVICES PROVIDED ON A FEE-ONLY BASIS FOR ALL PROJECTS REGARDLESS OF LOCATION tractors these days, says Kim, Yeon Joon, a manager on the international business planning team for Korea s Hyundai Engineering & Construction Co. However, he says project financing from European banks and other financial institutions has become more difficult, halting plans for many major projects in the MENA region. The global financial crisis in 2008 hit the Middle East hard, and its effects are still being felt. Governments delayed projects, and banks halted providing financial support to the contractors, says Yousef Maswadeh, director of business development for Kuwait s Kharafi National. He says banks and financial institutions are lending again, but the qualifications for obtaining financial aid have become more stringent and, in many cases, the costs of borrowing have skyrocketed. Further, many MENA-region contractors are feeling more competition from European contractors. European construction firms [are showing] greater interest in Turkey every passing day, says Mehmet Okay, board member of Turkey s ANT Yapi. However, Okay says his firm is feeling less pressure in Russia and the Commonwealth of Independent States. For example, ANT Yapi is building the 85-floor OKO City tower in the Moscow International City Center. The firm also is building 1.3 million sq ft of hotel and apartment space in the run-up to Russia s 2014 Sochi Winter Olympics. Political unrest in North Africa has caused a pause in many major projects. Maswadeh says Kharafi National managed to avoid the turmoil except in Egypt. The current political situation in Egypt might delay implementation of mega-infrastructure development projects that rely on build-operate-transfer and PPP financing programs, he says. Libya is another area of concern, but some contractors believe stability is beginning to return to the market. Our operations did see a setback with upheaval in Libya, where we had both oil-and-gas and infrastructure projects. We are, however, happy to note that the situation is improving in the country, and we have started mobilizing manpower to resume projects, says Atul Punj, chairman of India s Punj Lloyd Group. He says that Punj Lloyd prefers to be the lead contractor on projects when risk is an issue. East Asia remains a construction powerhouse. The entire ASEAN [Association of Southeast Asian Nations] zone is a growth area for our companies, in particular Vietnam, Indonesia, Burma and Malaysia, notes Vinci s Rossi. Bechtel focuses on natural-resource sectors in the region as transportation and infrastructure are less of enr.com August 26/September 2, 2013 ENR 6

THE TOP 250 INTERNATIONAL CONTRACTORS #58 SACYR VALLEHERMOSO of Spain has entered five new markets this year U.K., Peru, Qatar, India and Mozambique says a spokesperson. OVERVIEW Oil & Gas Italy s Maire Tecnimont (No. 52) and Japan s JGC (No. 32) are completing work on the $4.7-billion integrated gas development Project Habshan 5 in Abu Dhabi. The five-year job employed up to 30,000 workers from 35 different countries. In June, the project achieved a milestone of accumulating 100 million safe man hours without a Lost Time Incident, says Maire Tecnimont Chairman Fabrizio Di Amato. a priority, he adds. The number of opportunities in China has dropped partly because of the growth of local competence, he says. For Bechtel, India is a global engineering and procurement base as well as a local market, particularly in refineries and petrochemical. But margins are very thin, says Dawson. The BRIC countries Brazil, Russia, India and China are, in general, very tough for contractors, he adds. India and China will continue to be the most important construction markets, driven primarily by the irreversible forces of urbanization and infrastructure growth, says S.N. Subrahmanyan, senior executive vice president of India s Larsen & Toubro India and China, as well as the Middle East, are expected to grow rapidly in face of the huge infrastructure The U.S. is probably going to become our target construction market at the end of the year. Andrew McNaughton, CEO, Balfour Beatty PHOTO BY MAIRE TECNIMONT Companies By Yue Jiang Chinese Contractors Thriving in the World Market Chinese contractors have come a long way from just being labor suppliers. They are growing in sophistication and are becoming a presence in the international market. Chinese construction companies as a group completed work worth $116.6 billion in the overseas markets in 2012, an increase of 12.7% from 2011, according to a report by the China International Contractors Association (CHINCA), a Beijing-based industry alliance of Chinese companies that has foreign construction projects abroad. New contracts amounted to $156.5 billion in 2012, up 10% from the year before. The increases indicate a growing recovery of foreign markets for Chinese construction companies, which experienced only a 5.9% increase in backlog in 2011. The recovery is mostly driven by the expansion of markets in African countries, which saw new contracts for Chinese contractors rise 39.9%, to $64.05 billion, in 2012, according to the CHINCA report. The biggest increase within the African markets is from Nigeria, where new project awards amounted to $10.2 billion. In Asia, however, new contract awards fell 6.4% in 2012 due to lagging economic recovery in the region. For instance, new utility projects fell by $10 billion in India due to the country s economic uncertainty. The largest sector is transportation, which made up to 22.8% of the market. Transportation also took in the most new contracts, which were worth $35.62 billion, an increase of 31.6% over last year. Building construction, the second-largest market sector, secured 15.5% more new contracts, which are worth $32.09 billion in 2012, mostly contributed by five residential building projects in Angola that total $5.18 billion. n deficits faced by such countries, coupled with their governments policy initiative to deliver. However, Subrahmanyan warns that many international contractors rushing to find geographic diversity have to be aware of widely different regulatory climates from nation to nation. There are considerable regulatory risks of working in diverse geographies with relatively high entry barriers, he says. McNaughton finds India to be a fascinating market in power and rail sectors. But tackling the Indian market is a very long game. Other firms are also taking a long view on the market. We are getting to learn about Indian culture in order to position ourselves on the right projects in a country where infrastructure needs are enormous, explains Rossi. Latin America continues to attract growing interenr.com August 26/September 2, 2013 ENR 7

THE TOP 250 INTERNATIONAL CONTRACTORS #77 PUNJ LLOYD GROUP of India is building the first polysilicon plant in Qatar, a $1-billion, 8,000-metric-ton plant for Qatar Solar Technologies. OVERVIEW national interest, although the competition is tough. The region offers many opportunities across a range of sectors that are interesting to Bechtel, says Dawson. While one of Bechtel s largest engineering offices is in Chile, it is also optimistic about other countries, including Brazil, Colombia and Peru. Vinci is particularly interested in developing businesses in Mexico, Colombia, Peru and Chile, where it is building a tunnel for the world s largest underground copper mine, according to Rossi. Bouygues entered the Brazilian market this year, winning a hotel contract in Rio de Janeiro with a local partner. Gabriel also expresses interest in Peru, Colombia, and Trinidad and Tobago. Balfour Beatty has a small team in Brazil scouting out project management, investment and operations-and-maintenance opportunities, says McNaughton. Once generally written off as an international construction market, Africa has risen in executives expectations. Growth has remained very robust, notes Rossi, citing among Vinci s wins pipelines in Benin, a port in Togo and a bridge in Cameroon. Bechtel is very bullish about Africa, where governments increasingly are becoming more democratic and want to invest in their people, says Dawson. In 10 years, we will be talking about sub-saharan Africa in the same way we talked about the Middle East 10 to 15 years ago, he believes. n HOW THE TOP INTERNATIONAL DESIGN FIRMS SHARED THE 2012 MARKET DESIGNER NATIONALITY # OF FIRMS INT L REVENUE MIDDLE EAST ASIA AFRICA EUROPE UNITED STATES CANADA LAT. AMER / CARIB. $ MIL. % $ MIL. % $ MIL. % $ MIL. % $ MIL. % $ MIL. % $ MIL. % $ MIL. % AMERICAN 33 71,516.9 14.0 11,932.4 13.1 22,691.8 16.3 2,652.2 4.7 8,127.0 7.9 NA NA 18,889.7 68.7 7,223.9 14.4 CANADIAN 3 1,237.0 0.2 181.4 0.2 70.4 0.1 286.2 0.5 296.8 0.3 193.4 0.4 NA NA 208.7 0.4 EUROPEAN 58 254,989.8 49.9 26,305.6 28.8 58,158.2 41.9 17,962.8 31.6 83,111.0 81.3 38,027.7 86.2 7,117.7 25.9 24,306.9 48.6 BRITISH 3 12,177.3 2.4 1,743.6 1.9 3,363.7 2.4 837.5 1.5 2,008.2 2.0 3,974.6 9.0 132.5 0.5 117.2 0.2 GERMAN 4 43,496.0 8.5 1,871.4 2.0 22,476.4 16.2 695.8 1.2 6,919.7 6.8 10,008.2 22.7 1,169.2 4.3 355.3 0.7 FRENCH 4 43,244.5 8.5 2,064.1 2.3 5,990.2 4.3 5,062.6 8.9 20,454.7 20.0 4,047.0 9.2 2,755.5 10.0 2,870.5 5.7 ITALIAN 17 30,934.5 6.1 8,689.3 9.5 3,808.7 2.7 7,400.7 13.0 5,468.3 5.3 608.2 1.4 671.2 2.4 4,288.3 8.6 DUTCH 2 7,444.0 1.5 362.6 0.4 811.0 0.6 165.9 0.3 5,905.3 5.8 0.0 0.0 50.6 0.2 148.7 0.3 SPANISH 12 72,889.3 14.3 4,429.7 4.9 20,426.1 14.7 1,457.6 2.6 16,028.8 15.7 13,802.7 31.3 1,960.8 7.1 14,783.6 29.6 OTHER 16 44,804.2 8.8 7,145.0 7.8 1,282.2 0.9 2,342.7 4.1 26,326.1 25.7 5,587.0 12.7 377.9 1.4 1,743.3 3.5 AUSTRALIAN 4 10,197.0 2.0 1,190.8 1.3 4,649.3 3.3 61.6 0.1 934.6 0.9 2,133.3 4.8 1,017.8 3.7 209.7 0.4 JAPANESE 15 21,016.7 4.1 2,339.8 2.6 14,118.5 10.2 654.4 1.2 506.7 0.5 2,310.3 5.2 307.1 1.1 780.0 1.6 CHINESE 55 67,065.3 13.1 9,311.1 10.2 24,003.2 17.3 25,487.4 44.8 1,622.5 1.6 592.1 1.3 1.0 0.0 6,048.0 12.1 KOREAN 15 41,389.7 8.1 26,700.9 29.2 9,782.3 7.0 2,732.0 4.8 309.9 0.3 598.4 1.4 111.8 0.4 1,154.4 2.3 TURKISH 38 16,804.3 3.3 5,210.1 5.7 3,002.6 2.2 2,316.1 4.1 6,104.7 6.0 2.6 0.0 0.0 0.0 168.3 0.3 BRAZILIAN 4 11,898.9 2.3 26.3 0.0 0.0 0.0 2,304.7 4.1 427.3 0.4 235.7 0.5 0.0 0.0 8,904.9 17.8 ALL OTHERS 25 14,759.9 2.9 8,119.7 8.9 2,337.9 1.7 2,407.6 4.2 822.5 0.8 13.0 0.0 47.8 0.2 1,011.4 2.0 ALL FIRMS 250 510,875.5 100.0 91,318.1 100.0 138,814.2 100.0 56,864.9 100.0 102,262.9 100.0 44,106.4 100.0 27,492.8 100.0 50,016.1 100.0 SOURCE: ENR. NOTE: EXCLUDING $176.4 MILLION FROM ANTARCTIC / ARCTIC OR UNALLOCATED How To Read the Tables Companies are ranked according to construction revenue generated outside of each company s home country in 2012 in U.S. $ millions. Firms not ranked last year are designated **. Some markets may not add up to 100% due to omission of other miscellaneous market category and rounding. NA=Not available. =Includes revenue of subsidiaries, the names of which are now available through ENR.com. Figures include prime contracts, shares of joint ventures, subcontracts, designconstruct contracts and construction management-at-risk contracts when a firm s risks are similar to those of a general contractor s. Figures also include the value of installed equipment when a firm has prime responsibility for specifying and procuring it within a construction contract s scope. General Building includes commercial buildings, offices, stores, educational facilities, government buildings, hospitals, medical facilities, hotels, apartments, housing, etc. Manufacturing comprises auto, electronic assembly, textile plants, etc. Power comprises thermal and hydroelectric powerplants, waste-to-energy plants, transmission lines, substations, cogeneration plants, etc. Water Supply includes dams, reservoirs, transmission pipelines, distribution mains, irrigations canals, desalination and drinkingwater treatment plants, pumping stations, etc. Sewerage / Solid Waste includes sanitary and storm sewers, treatment plants, pumping plants, incinerators, industrial waste facilities, etc. Industrial Process comprises pulp and paper mills, steel mills, non-ferrous metal refineries, pharmaceutical plants, chemical plants, food and other processing plants, etc. Petroleum includes refineries, petrochemical plants, offshore facilities, pipelines, etc. Transportation includes airports, bridges, roads, canals, locks, dredging, marine facilities, piers, railroads, tunnels, etc. Hazardous Waste includes chemical, nuclear-waste treatment, asbestos and lead abatement, etc. Telecommunications comprises transmission lines, cabling, towers / antennae, data centers, etc. enr.com August 26/September 2, 2013 ENR 8

THE TOP 250 INTERNATIONAL CONTRACTORS The Top 250 List RANK 2013 2012 FIRM 2012 REVENUE $ MIL. INT'L TOTAL 2012 NEW INT'L CONTRACTS $ MIL 1 2 GRUPO ACS, Madrid, Spain 42,772.0 50,654.6 43,658.8 27 1 8 4 3 11 25 1 3 2 1, Essen, Germany 34,563.3 36,452.7 37,673.0 32 2 2 4 3 9 21 1 4 3 5 BECHTEL, San Francisco, Calif., U.S.A. 23,255.0 29,436.0 12,926.0 0 0 0 0 0 71 29 0 0 4 3, Rueil-Malmaison, France 18,419.5 50,338.7 18,854.3 13 0 12 2 0 8 50 1 5 5 7 FLUOR CORP., Irving, Texas, U.S.A. 17,209.6 22,352.8 20,600.0 12 1 1 0 0 78 10 0 0 6 4, Vienna, Austria 16,062.0 18,557.0 15,271.0 34 0 0 4 3 7 51 0 0 7 8, Paris, France 14,196.0 33,885.0 14,538.0 29 0 3 1 1 3 60 1 0 8 6 SAIPEM, San Donato Milanese, Italy 13,770.7 14,039.1 NA 0 0 0 0 0 98 2 0 0 9 9 SKANSKA AB, Solna, Sweden 13,291.6 17,217.0 14,006.3 46 4 6 2 2 6 29 0 2 10 10 CHINA COMMUNICATIONS CONSTRUCTION GROUP LTD., Beijing, China 11,187.2 47,327.3 20,310.8 2 0 1 1 2 4 91 0 0 11 11 TECHNIP, Paris, France 10,347.0 10,547.0 14,802.0 0 0 1 0 0 99 0 0 0 12 13 CONSTRUTORA NORBERTO ODEBRECHT, Sao Paulo, SP, Brazil 9,264.8 14,922.1 16,036.0 4 0 11 12 1 19 52 0 0 13 15 SAMSUNG ENGINEERING CO. LTD., Seoul, S. Korea 8,651.9 10,680.8 9,237.4 0 1 9 0 1 89 0 0 0 14 12 FCC, FOMENTO DE CONSTR. Y CONTRATAS SA, Madrid, Spain 8,354.5 14,869.6 8,504.2 22 2 3 4 4 1 60 1 3 15 25 HYUNDAI ENGINEERING & CONSTRUCTION CO. LTD., Seoul, S. Korea 7,814.0 12,535.1 15,725.3 14 0 37 0 1 33 14 0 0 16 14 BILFINGER SE, Mannheim, Germany 6,818.9 11,101.3 6,450.5 14 0 16 0 2 54 14 0 0 17 16 BALFOUR BEATTY PLC, London, U.K. 6,047.7 13,277.0 5,388.3 48 0 4 0 3 0 32 0 12 18 20 PETROFAC LTD., Jersey, Channel Islands, U.K. 5,684.8 5,684.8 7,367.3 0 0 0 0 0 100 0 0 0 19 19 ROYAL BAM GROUP NV, Bunnik, The Netherlands 5,557.0 9,785.0 5,911.0 45 0 0 0 0 0 55 0 0 20 23 SINOHYDRO GROUP LTD., Beijing, China 5,473.1 20,120.1 12,299.4 7 0 50 15 0 0 25 0 0 21 17 CONSOLIDATED CONTRACTORS GROUP, Athens, Greece 5,378.9 5,378.9 4,385.0 14 0 2 1 1 63 20 0 0 22 27 PCL CONSTRUCTION ENTERPRISES INC., Denver, Colo., U.S.A. 5,295.5 6,841.5 5,862.0 58 6 3 0 1 22 8 0 0 23 21 OHL SA (OBRASCON HUARTE LAIN SA), Madrid, Spain 5,097.7 6,863.5 3,458.8 14 0 0 3 0 3 80 0 0 24 22 CHINA STATE CONSTRUCTION ENG G CORP., Beijing, China 4,987.8 81,366.8 8,552.9 69 1 2 1 2 0 25 0 0 25 24 CHINA NATIONAL MACHINERY INDUSTRY CORP., Beijing, China 4,947.7 5,533.2 12,073.1 3 0 64 2 0 25 3 0 2 26 40 DAELIM INDUSTRIAL CO. LTD., Seoul, S. Korea 4,808.0 8,677.0 2,831.0 0 0 15 0 0 83 2 0 0 27 71 SALINI SPA, Rome, Italy 4,423.4 5,360.3 2,526.3 2 0 1 52 4 0 40 0 0 28 32 GS ENGINEERING & CONSTRUCTION CORP., Seoul, S. Korea 4,412.1 8,470.9 4,324.3 3 4 5 3 1 73 10 0 0 29 18, Houston, Texas, U.S.A. 4,330.0 6,070.0 10,359.0 7 0 5 4 0 68 14 0 0 30 26 ABEINSA SA, Seville, Spain 4,305.4 5,506.3 3,934.2 1 1 91 2 0 3 1 0 1 31 28 LEIGHTON HOLDINGS LTD., St. Leonards, New South Wales, Australia 4,172.0 23,483.0 1,472.0 25 0 1 1 4 21 19 0 0 32 29 JGC CORP., Yokohama, Japan 4,009.0 4,602.0 4,065.0 0 0 0 0 0 100 0 0 0 33 38 LEND LEASE GROUP, Millers Point, New South Wales, Australia 3,841.8 11,645.4 2,865.0 77 1 0 0 0 15 4 0 3 34 39 CHINA RAILWAY GROUP LTD., Beijing, China 3,799.6 81,805.7 10,013.0 30 1 0 0 0 0 52 0 0 35 45 SK ENGINEERING & CONSTRUCTION CO. LTD., Seoul, S. Korea 3,707.2 6,718.2 3,034.0 8 0 9 0 0 78 3 0 1 36 63 SAMSUNG C&T CORP., Seoul, S. Korea 3,521.0 8,345.0 5,785.0 10 12 44 0 2 12 16 0 0 37 35, The Woodlands, Texas, U.S.A. 3,503.6 4,415.2 6,201.6 0 0 0 0 0 100 0 0 0 38 33 TECNICAS REUNIDAS, Madrid, Spain 3,258.7 3,474.6 4,130.0 0 0 3 5 0 91 0 0 0 39 43 KIEWIT CORP., Omaha, Neb., U.S.A. 3,239.2 9,600.7 1,610.2 0 0 25 0 0 47 16 0 0 40 50 DAEWOO E&C CO. LTD., Seoul, S. Korea 3,210.2 7,639.3 3,818.3 5 0 26 1 0 68 0 0 0 41 41 DANIELI & C. OM SPA, Buttrio, Italy 2,700.0 2,850.0 2,000.0 0 0 0 0 0 100 0 0 0 42 34 MCDERMOTT INTERNATIONAL INC., Houston, Texas, U.S.A. 2,679.9 3,083.7 4,648.8 0 0 0 0 0 100 0 0 0 43 46 CITIC CONSTRUCTION CO. LTD., Beijing, China 2,635.8 2,964.0 6,310.4 78 0 1 0 0 10 8 0 0 44 31 FOSTER WHEELER AG, Hampton, N.J., U.S.A. 2,618.7 3,414.6 2,926.3 0 0 32 0 0 66 0 0 0 45 47 GRUPO ISOLUX CORSAN SA, Madrid, Spain 2,604.7 3,814.2 1,883.0 0 0 59 2 2 7 16 0 0 46 66 POSCO ENGINEERING & CONSTRUCTION, Incheon, S. Korea 2,564.9 6,684.5 3,605.5 7 0 19 3 1 64 7 0 0 47 51 OBAYASHI CORP., Tokyo, Japan 2,557.0 15,598.0 846.0 42 17 5 6 4 0 26 0 0 48 58 LARSEN & TOUBRO LTD., Mumbai, India 2,517.3 11,091.3 2,382.0 8 0 29 0 2 48 13 0 0 49 54 ACCIONA INFRAESTRUCTURAS, Madrid, Spain 2,482.8 4,271.6 3,509.6 21 3 15 1 1 2 52 0 0 50 44 KAJIMA CORP., Tokyo, Japan 2,352.1 14,156.4 2,968.1 56 33 1 0 0 3 6 0 1 GENERAL BUILDING MANUFACTURING POWER WATER SUPPLY SEWER / WASTE INDUS. / PETROLEUM TRANSPORTATION HAZARDOUS WASTE TELECOM enr.com August 26/September 2, 2013 ENR 9

THE TOP 250 INTERNATIONAL CONTRACTORS #64 RENAISSANCE CONSTRUCTION of Turkey is the largest of 38 Turkish contractors on the Top 250 International Contractors list this year. RANK 2013 2012 FIRM 2012 REVENUE $ MIL. INT'L TOTAL 2012 NEW INT'L CONTRACTS $ MIL 51 42 CHINA METALLURGICAL GROUP CORP., Beijing, China 2,295.7 31,522.6 3,151.8 25 0 2 0 0 48 7 0 0 52 36 MAIRE TECNIMONT, Rome, Italy 2,263.2 2,418.6 603.3 0 0 8 0 0 83 9 0 0 53 30 CHINA RAILWAY CONSTRUCTION CORP. LTD., Beijing, China 2,147.0 84,642.0 4,898.0 27 0 1 2 0 0 69 0 0 54 53 SEPCOIII ELECTRIC POWER CONSTRUCTION CORP., Qingdao, China 2,098.9 2,282.7 1,741.4 0 0 100 0 0 0 0 0 0 55 61 JACOBS, Pasadena, Calif., U.S.A. 2,087.1 4,104.2 3,345.9 2 1 4 0 0 89 2 0 0 56 62 CHINA GEZHOUBA GROUP CO. LTD., Wuhan City, Hubei, China 2,009.3 7,507.3 5,992.0 7 0 62 16 1 1 13 0 0 57 72 TOYO ENGINEERING CORP., Chiba, Japan 1,960.4 2,432.7 2,691.2 0 0 15 0 0 85 0 0 0 58 55 SACYR VALLEHERMOSO, Madrid, Spain 1,941.3 4,722.8 1,296.3 25 0 0 19 0 0 56 0 0 59 ** MOTA-ENGIL, Porto, Portugal 1,904.1 2,458.0 1,911.0 10 0 0 0 0 0 90 0 0 60 57 VAN OORD, Rotterdam, The Netherlands 1,887.0 2,196.1 2,498.2 0 0 8 0 0 27 64 0 0 61 64 SEPCO ELECTRIC POWER CONSTRUCTION CORP., Jinan City, China 1,879.6 3,056.0 878.3 0 0 100 0 0 0 0 0 0 62 59 ASTALDI SPA, Rome, Italy 1,848.1 3,028.2 1,826.1 2 0 5 0 0 4 89 0 0 63 78 BESIX SA, Brussels, Belgium 1,793.9 2,750.2 879.3 57 0 0 0 1 0 41 0 0 64 81 RENAISSANCE CONSTRUCTION, Ankara, Turkey 1,757.9 2,007.2 2,341.8 64 3 0 0 0 27 6 0 0 65 69 CHIYODA CORP., Yokohama, Kanagawa Pref., Japan 1,729.0 2,883.0 2,071.0 0 0 0 0 0 97 0 0 0 66 76 CONSTRUTORA ANDRADE GUTIERREZ SA, Belo Horizonte, MG, Brazil 1,690.0 4,062.5 3,099.7 1 0 4 11 0 13 68 0 0 67 80 SHIMIZU CORP., Tokyo, Japan 1,500.9 13,507.4 1,536.3 32 47 0 2 1 15 2 0 0 68 75 ARABIAN CONSTRUCTION CO. SAL, Beirut, Lebanon 1,480.7 1,535.0 1,110.9 89 0 0 5 0 0 0 0 0 69 108 WORLEYPARSONS LTD., North Sydney, New South Wales, Australia 1,465.2 1,807.6 406.3 0 0 2 0 1 94 1 0 0 70 74 TAKENAKA CORP., Osaka, Japan 1,413.0 10,588.0 1,765.0 19 68 0 0 0 0 10 0 0 71 91 CHINA CIVIL ENGINEERING CONSTR. CORP., Beijing, China 1,411.1 1,548.2 6,540.6 8 0 0 0 0 0 92 0 0 72 67 SHANGHAI ELECTRIC GROUP CO. LTD., Shanghai, China 1,406.7 1,935.0 NA 0 0 100 0 0 0 0 0 0 73 70 JOANNOU & PARASKEVAIDES GROUP, Guernsey, Channel Islands, U.K. 1,342.9 1,342.9 1,250.0 42 0 7 1 1 5 41 3 0 74 82 ED. ZÜBLIN AG, Stuttgart, Germany 1,342.5 4,058.7 NA 51 0 0 1 4 0 7 0 0 75 90 TAIKISHA LTD., Tokyo, Japan 1,320.3 2,298.6 NA 0 54 0 0 0 46 0 0 0 76 60 TAISEI CORP., Tokyo, Japan 1,295.0 13,336.0 758.0 13 7 0 2 0 0 50 0 0 77 79 PUNJ LLOYD LTD., Gurgaon, Haryana, India 1,293.0 2,163.0 761.0 10 0 2 4 0 79 4 0 0 78 73 PORR AG, Vienna, Austria 1,247.3 3,816.5 1,943.5 81 0 0 0 0 0 19 0 0 79 95 ENKA CONSTRUCTION & INDUSTRY CO. INC., Istanbul, Turkey 1,242.6 1,383.6 1,023.5 24 0 17 0 0 29 29 0 0 80 87 PENTA-OCEAN CONSTRUCTION CO. LTD., Tokyo, Japan 1,211.4 3,788.3 661.5 34 3 0 3 11 1 47 0 0 81 89 CHINA GENERAL TECHNOLOGY (GROUP) HOLDING LTD., Beijing, China 1,208.3 4,268.0 1,711.5 0 2 4 0 0 1 6 86 0 82 77 CHINA NATIONAL CHEMICAL ENGINEERING GROUP, Beijing, China 1,193.5 8,725.8 5,062.5 4 0 20 0 1 56 0 0 0 83 102 THE ARAB CONTRACTORS (O.A.O. & CO.), Cairo, Egypt 1,191.0 2,731.0 853.0 32 0 0 6 5 0 57 0 0 84 48 CHINA PETROLEUM ENG G & CONSTRUCTION CORP., Beijing, China 1,165.6 2,335.6 2,401.8 0 0 0 0 0 100 0 0 0 85 88 TEKFEN CONSTRUCTION AND INSTALLATION CO. INC., Istanbul, Turkey 1,159.0 1,402.0 753.0 7 0 2 0 0 79 12 0 0 86 92 CHINA INT L WATER & ELECTRIC CORP. (CWE), Beijing, China 1,083.6 1,116.4 1,481.9 3 0 29 48 0 0 20 0 0 87 68 SNC-LAVALIN INC., Montreal, Quebec, Canada 1,079.1 3,021.6 643.1 17 0 40 1 0 38 4 0 0 88 101 HANWHA ENGINEERING & CONSTRUCTION CORP., Seoul, S. Korea 1,024.4 3,147.7 8,562.8 24 0 60 0 0 16 0 0 0 89 93 CGC OVERSEAS CONSTRUCTION GROUP CO. LTD., Beijing, China 1,016.8 1,044.3 1,578.8 4 0 6 21 0 0 69 0 0 90 56 POLIMEKS INSAAT TAAHHUT VE SAN TIC. AS, Istanbul, Turkey 981.0 981.0 1,938.0 79 0 0 0 0 20 1 0 0 91 114 SINOPEC ENGINEERING (GROUP) CO. LTD., Beijing, China 958.6 5,122.2 2,033.9 0 0 0 0 0 100 0 0 0 92 83 DONGFANG ELECTRIC CORP., Chengdu, Sichuan, China 926.3 6,836.8 986.7 0 0 100 0 0 0 0 0 0 93 194 URS CORP., San Francisco, Calif., U.S.A. 913.7 3,309.6 1,795.9 0 3 6 0 0 83 1 1 0 94 100 ANT YAPI INDUSTRY & TRADE JSC, Istanbul, Turkey 883.9 957.5 968.1 100 0 0 0 0 0 0 0 0 95 104 QINGJIAN GROUP CO. LTD., Qingdao, Shandong, China 880.0 5,754.0 598.0 94 0 0 2 0 0 3 0 0 96 86 SHANGHAI CONSTRUCTION GROUP, Shanghai, China 870.4 20,822.4 943.2 69 0 3 0 0 0 29 0 0 97 85 COMSA EMTE, Madrid, Spain 860.9 2,331.5 835.6 0 0 3 0 0 0 81 0 2 98 123 CHINA PETROLEUM PIPELINE BUREAU (CPP), Langfang City, China 811.9 4,035.9 1,171.9 0 0 0 0 0 99 0 0 1 99 ** SHIKUN & BINUI - SBI INFRASTRUCTURE LTD., Airport City, Israel 811.0 811.0 1,074.8 3 0 7 0 0 0 90 0 0 100 112 BAUER AG, Schrobenhausen, Germany 771.3 1,053.4 777.3 27 3 18 9 3 11 22 0 4 GENERAL BUILDING MANUFACTURING POWER WATER SUPPLY SEWER / WASTE INDUS. / PETROLEUM TRANSPORTATION HAZARDOUS WASTE TELECOM enr.com August 26/September 2, 2013 ENR 10

THE TOP 250 INTERNATIONAL CONTRACTORS #69 WORLEYPARSONS LTD. of Australia ranked at No. 1 on ENR s 2013 Top 225 International Design Firms list (ENR 7/9 p. 19). RANK 2013 2012 FIRM 2012 REVENUE $ MIL. INT'L TOTAL 2012 NEW INT'L CONTRACTS $ MIL 101 65 KHARAFI NATIONAL KSCC, Safat, Kuwait 752.0 1,753.0 NA 10 0 29 0 2 54 0 0 0 102 118 BLACK & VEATCH, Overland Park, Kan., U.S.A. 749.4 1,791.7 775.5 0 0 52 25 20 3 0 0 0 103 106 TAV CONSTRUCTION, Istanbul, Turkey 724.3 816.6 3,709.0 2 0 0 0 0 0 98 0 0 104 ** ANSALDO ENERGIA SPA, Genova, Italy 719.5 862.1 827.8 0 0 100 0 0 0 0 0 0 105 109 MCCONNELL DOWELL CORP. LTD., Hawthorn, Victoria, Australia 718.0 2,157.0 1,209.0 0 0 36 2 2 21 19 0 0 106 113 IBERDROLA INGENIERIA Y CONSTRUCCION, Madrid, Spain 703.0 934.0 676.7 0 0 100 0 0 0 0 0 0 107 103 GHELLA SPA, Rome, Italy 697.0 812.0 593.0 2 0 22 9 0 0 65 0 0 108 105 GRUPO SOARES DA COSTA, SGPS SA, Porto, Portugal 697.0 921.5 512.7 57 0 0 0 0 2 40 0 0 109 116 CTCI CORP., Taipei, Taiwan 671.2 1,862.0 408.0 0 7 22 0 2 55 14 0 0 110 127 CHINA GEO-ENGINEERING CORP., Beijing, China 665.6 910.6 669.4 3 0 6 33 2 0 46 1 0 111 129 CALIK ENERJI SANAYI VE TICARET ANONIM SIRKETI, Istanbul, Turkey 663.5 663.5 612.5 0 0 100 0 0 0 0 0 0 112 140 SOCIETA ITALIANA PER CONDOTTE D ACQUA SPA, Rome, Italy 655.8 1,306.8 1,172.8 27 0 0 5 0 0 63 0 0 113 174 SICIM SPA, Busseto (PR), Italy 651.0 651.0 550.0 0 0 0 0 0 100 0 0 0 114 119 TREVI FINANZIARIA INDUSTRIALE SPA, Cesena (FC), Italy 633.4 717.1 631.2 55 0 0 14 0 23 8 0 0 115 98 JOHN SISK & SON LTD., Dublin, Leinster, Ireland 631.6 1,147.6 550.0 72 0 18 0 0 3 7 0 0 116 ** SINOPEC ZHONGYUAN PETROLEUM ENGINEERING LTD., Puyang, China 630.4 2,482.2 630.4 0 0 100 0 0 0 0 0 0 117 187 ARABTEC CONSTRUCTION LLC, Dubai, U.A.E. 622.7 1,540.2 829.4 60 0 0 0 0 0 0 0 0 118 94 GAMA, Ankara, Turkey 617.6 760.9 291.7 0 0 31 41 0 27 0 0 0 119 107 BONATTI SPA, Parma, Italy 597.0 805.0 531.0 2 0 0 0 0 98 0 0 0 120 124 DIA HOLDING FZCO, Dubai, U.A.E. 572.0 572.0 1,617.8 97 0 0 2 0 0 0 0 0 121 122 OAS SA, São Paulo, SP, Brazil 566.2 3,892.1 1,260.1 3 0 19 3 6 0 67 0 0 122 117 CHINA JIANGSU INT L ECON. AND TECHNICAL COOP., Nanjing, China 556.0 1,515.5 695.6 79 0 0 3 6 0 8 0 0 123 84 METKA, Athens, Greece 553.1 722.8 474.0 0 0 100 0 0 0 0 0 0 124 120 YUKSEL INSAAT CO. INC., Ankara, Turkey 549.2 776.8 306.0 41 0 0 14 0 0 45 0 0 125 153 SHAPOORJI PALLONJI & CO. LTD., Mumbai, Maharashtra, India 538.0 2,169.7 592.0 63 0 0 0 0 0 37 0 0 126 ** DESCON ENGINEERING LTD., Lahore, Pakistan 526.7 878.3 111.1 0 0 0 0 0 100 0 0 0 127 132 CENGIZ CONSTRUCTION INDUSTRY & TRADE CO. INC., Istanbul, Turkey 521.4 1,707.2 921.7 0 0 0 51 0 0 21 0 0 128 121 C.M.C. DI RAVENNA, Ravenna, Italy 518.5 1,000.1 777.1 4 0 30 18 0 0 47 0 0 129 168 IC ICTAS INSAAT SANAYI VE TICARET AS, Ankara, Turkey 506.7 927.1 1,410.0 58 0 0 0 0 0 42 0 0 130 115 CONTRACTING & TRADING CO., Beirut, Lebanon 504.2 505.0 504.2 6 0 0 0 0 53 42 0 0 131 144 ECC, Burlingame, Calif., U.S.A. 504.1 735.4 305.9 71 0 0 0 0 0 20 8 0 132 134 SSANGYONG ENGINEERING & CONSTRUCTION CO. LTD., Seoul, S. Korea 495.2 1,509.8 464.8 43 0 0 0 0 3 54 0 0 133 146 BEIJING CONSTRUCTION ENG G GROUP CO. LTD., Beijing, China 486.4 6,537.5 806.2 90 0 0 0 4 1 5 0 0 134 126 PER AARSLEFF A/S, Aabyhøj, Denmark 485.1 1,157.0 306.9 0 22 29 5 24 0 19 0 1 135 136 ONUR TAAHHUT TICARET LTD. STL., Ankara, Turkey 475.8 661.8 359.6 0 0 0 50 22 0 28 0 0 136 110 ABB SPA - PROCESS AUTOMATION DIVISION, Sesto San Giovanni, Italy 472.0 620.1 274.3 0 0 5 0 0 95 0 0 0 137 131 CHINA DALIAN INT L ECO. & TECHN. COOPERATION GRP., Dalian, China 469.8 529.1 372.6 82 0 0 0 2 1 15 0 0 138 ** XPCC CONSTRUCTION & ENGINEERING (GROUP) CO., Urumqi, China 458.1 2,734.5 458.1 64 0 0 0 0 0 14 0 0 139 ** KAYSON INC., Tehran, Iran 451.0 824.0 259.2 99 0 0 0 0 0 1 0 0 140 147 B.L. HARBERT INTERNATIONAL LLC, Birmingham, Ala., U.S.A. 449.0 582.1 515.3 100 0 0 0 0 0 0 0 0 141 111 ORASCOM CONSTRUCTION INDUSTRIES (OCI), Cairo, Egypt 446.2 1,147.8 1,745.0 5 0 35 0 0 33 13 0 0 142 176 AMEC PLC, London, England, U.K. 444.8 1,101.7 NA 10 0 19 0 0 29 2 0 0 143 163 DOOSAN ENGINEERING & CONSTRUCTION CO. LTD., Seoul, S. Korea 441.6 2,059.6 408.5 0 0 0 0 0 0 0 0 0 144 152 LAKESHORE TOLTEST CORP., Detroit, Mich., U.S.A. 436.0 537.5 294.0 81 0 0 0 0 11 7 0 0 145 202 ATLAS GROUP, Ankara, Turkey 435.9 437.1 229.0 100 0 0 0 0 0 0 0 0 146 142 MAPA INSAAT VE TICARET AS, Ankara, Turkey 435.0 498.0 171.8 12 0 0 72 0 0 16 0 0 147 151 CHINA HENAN INT L COOPERATION GROUP CO. LTD., Zhengzhou, China 419.1 419.1 561.5 1 0 0 6 1 0 92 0 0 148 137 THE BABCOCK & WILCOX CO., Charlotte, N.C., U.S.A. 416.7 1,405.0 607.9 0 0 100 0 0 0 0 0 0 149 ** DAQING OILFIELD CONSTRUCTION GROUP CO. LTD., Daqing City, China 413.0 2,997.0 476.0 0 0 0 0 0 100 0 0 0 150 148 NATA CONSTRUCTION TOURISM TRADE & INDUSTRY, Ankara, Turkey 409.0 1,159.0 214.0 0 0 0 0 0 0 100 0 0 GENERAL BUILDING MANUFACTURING POWER WATER SUPPLY SEWER / WASTE INDUS. / PETROLEUM TRANSPORTATION HAZARDOUS WASTE TELECOM enr.com August 26/September 2, 2013 ENR 11

THE TOP 250 INTERNATIONAL CONTRACTORS #100 BAUER AG of Germany reports that the company was established in 1790, making it the oldest contractor on the Top 250 International RANK 2013 2012 FIRM 2012 REVENUE $ MIL. INT'L TOTAL 2012 NEW INT'L CONTRACTS $ MIL 151 171 ANHUI CONSTRUCTION ENGINEERING GROUP CO. LTD., Hefei, China 407.2 5,665.1 33.1 85 1 0 3 4 0 7 0 0 152 166 PAN-CHINA CONSTRUCTION GROUP CO. LTD., Beijing, China 399.2 1,744.7 88.0 100 0 0 0 0 0 0 0 0 153 ** MAEDA CORP., Tokyo, Japan 396.6 3,295.1 288.1 0 49 0 0 0 0 51 0 0 154 133 E. PIHL & SØN AS, Kongens Lyngby, Denmark 395.0 965.0 123.5 9 0 20 0 1 5 65 0 0 155 ** CHINA PETROLEUM ENGINEERING CO. LTD., Beijing, China 394.2 2,200.2 579.9 0 0 0 0 0 91 9 0 0 156 172 SUMITOMO MITSUI CONSTRUCTION CO. LTD., Tokyo, Japan 392.8 2,722.2 801.9 34 7 0 0 1 27 30 0 0 157 159 CHINA JIANGXI CORP. FOR INT L ECO. & TECH. COOP., Nanchang, China 392.3 499.2 687.3 53 0 0 17 0 1 29 0 0 158 150 IRCON INTERNATIONAL LTD., New Delhi, Delhi, India 384.6 805.2 106.8 0 0 0 0 0 0 92 0 6 159 143 YAPI MERKEZI INSAAT VE SANAYI AS, Istanbul, Turkey 378.5 524.6 1,699.9 0 0 0 0 9 0 91 0 0 160 167 CONSTRUCOES E COMERCIO CAMARGO CORRÊA SA, São Paulo, Brazil 377.9 3,108.9 646.2 0 0 45 0 6 21 27 0 0 161 155 CHINA ZHONGYUAN ENGINEERING CORP., Beijing, China 377.7 390.3 NA 0 0 100 0 0 0 0 0 0 162 ** CHINA ALUMINUM INTERNATIONAL ENGINEERING CO., Beijing, China 377.6 2,202.2 85.0 0 0 0 0 0 100 0 0 0 163 183 ELLAKTOR SA, Kifissia, Greece 370.2 1,626.6 609.5 9 0 11 0 12 0 69 0 0 164 184 ZHONGMEI ENGINEERING GROUP LTD., Nanchang City, Jiangxi, China 367.7 367.7 376.5 8 0 0 9 0 0 82 0 0 165 197 ALBERICI CORP., St. Louis, Mo., U.S.A. 365.5 1,041.4 243.2 1 2 0 12 2 82 0 0 0 166 128 NISHIMATSU CONSTRUCTION CO. LTD., Tokyo, Japan 359.2 2,430.5 262.9 2 4 1 10 6 0 61 0 1 167 ** EMPRESAS ICA SAB DE CV, Mexico City, Mexico 357.0 3,009.0 NA 61 0 0 5 0 8 26 0 0 168 ** AEGION CORP., Chesterfield, Mo., U.S.A. 353.2 692.1 300.1 1 0 0 0 36 63 0 0 0 169 208 CHINA YUNAN CONSTRUCTION ENG G GROUP CO. LTD., Kunming, China 350.7 5,778.5 878.2 72 0 0 15 0 5 8 0 0 170 ** PROMSTROI GROUP LTD., Moscow, Russia 341.3 341.3 341.3 0 0 0 0 0 100 0 0 0 171 160 KAYI INSAAT SAN. VE TIC. AS, Istanbul, Turkey 339.1 420.5 454.8 100 0 0 0 0 0 0 0 0 172 164 CHINA WU YI CO. LTD., Fuzhou, Fujian, China 334.1 1,314.3 405.7 42 0 0 0 5 8 46 0 0 173 161 THE SHAW GROUP INC., Baton Rouge, La., U.S.A. 315.0 4,129.8 NA 2 0 9 1 0 82 0 6 0 174 213 KONTEK CONSTRUCTION, Istanbul, Turkey 310.6 310.6 573.0 100 0 0 0 0 0 0 0 0 175 177 GRUPO EMPRESARIAL SAN JOSÉ SA, Tres Cantos, Madrid, Spain 309.4 869.1 320.6 41 0 0 0 0 0 0 0 0 176 135 ALARKO CONTRACTING GROUP, Gebze/Kocaeli, Turkey 296.4 1,371.4 1,064.1 0 0 0 0 11 33 57 0 0 177 200 WILLBROS GROUP INC., Houston, Texas, U.S.A. 292.2 1,744.7 NA 0 0 0 0 0 100 0 0 0 178 185 KINDEN CORP., Tokyo, Japan 283.0 5,063.0 NA 23 5 16 3 3 11 4 0 35 179 188 PREZIOSO TECHNILOR, Vienne, France 282.0 459.0 300.0 0 0 0 0 0 100 0 0 0 180 181 LIMAK INSAAT SANAYI VE TICARET AS, Ankara, Turkey 280.0 756.6 550.0 18 0 0 0 0 27 55 0 0 181 130 IMPRESA PIZZAROTTI & C. SPA, Parma, Italy 279.3 1,100.1 82.0 27 0 0 2 0 0 71 0 0 182 198 ESER CONTRACTING AND INDUSTRY CO.INC., Ankara, Turkey 278.1 303.8 NA 4 0 0 65 6 0 23 0 2 183 ** ZHONGDING INTERNATIONAL ENGINEERING CO., Nanchang City, China 275.4 275.4 257.5 59 0 33 8 0 0 0 0 0 184 156 RIZZANI DE ECCHER SPA, Pozzuolo del Friuli (UD), Italy 273.3 542.7 670.1 43 0 0 0 0 0 40 0 0 185 219 SINOSTEEL EQUIPMENT & ENGINEERING CO. LTD., Beijing, China 271.3 1,089.8 10.3 100 0 0 0 0 0 0 0 0 186 169 CHINA HUANQIU CONTRACTING & ENGINEERING CORP., Beijing, China 264.5 3,024.6 1,859.5 0 0 0 0 0 100 0 0 0 187 ** LOTTE ENGINEERING & CONSTRUCTION CO. LTD., Seoul, S. Korea 261.3 3,643.1 656.5 66 12 16 0 0 6 0 0 0 188 162 TEPE INSAAT SANAYI A.S., Ankara, Turkey 259.7 332.2 152.4 76 0 0 0 0 15 8 0 0 189 ** ASLAN YAPI VE TICARET AS, Ankara, Turkey 257.1 257.6 584.7 100 0 0 0 0 0 0 0 0 190 173 METAG INSAAT TICARET AS, Ankara, Turkey 256.0 273.0 215.2 50 0 3 3 0 0 42 0 0 191 ** SUNIR CO. (IRAN POWER & WATER EQPMT. SVCS. EXP. CO.), Tehran, Iran 255.4 255.4 269.1 0 0 91 9 0 0 0 0 0 192 204 LAYNE CHRISTENSEN CO., Mission Woods, Kan., U.S.A. 254.0 1,075.2 230.5 0 0 0 13 0 0 0 0 0 193 138 HABTOOR LEIGHTON GROUP, Dubai, U.A.E. 253.0 1,301.0 818.0 49 0 0 21 0 8 17 0 0 194 170 POSCO ENGINEERING CO., Seongnam City, S. Korea 251.2 729.2 649.0 0 15 32 2 6 44 0 0 0 195 209 NANTONG CONSTRUCTION GROUP JOINT-STOCK CO., Nantong, China 247.9 1,748.9 70.2 36 0 0 0 0 58 6 0 0 196 175 RASEN INSAAT VE YATIRIM TICARET AS, Istanbul, Turkey 245.0 245.0 110.0 100 0 0 0 0 0 0 0 0 197 205 JIANGSU NANTONG NO. 3 CONSTRUCTION GRP. CO. LTD., Haimen, China 244.2 5,402.8 121.8 100 0 0 0 0 0 0 0 0 198 193 SUMMA TURIZM YATIRIMCILIGI AS, Ankara, Turkey 243.5 253.5 375.0 99 0 0 0 0 0 1 0 0 199 ** JIANGSU ZHONGXIN CONST. GROUP CO. LTD., Qidong, Jiangsu, China 240.3 1,303.9 37.9 98 0 0 0 0 2 0 0 0 200 ** HAZINEDAROGLU CONSTRUCTION GROUP, Istanbul, Turkey 238.5 238.5 46.1 89 0 0 11 0 0 0 0 0 GENERAL BUILDING MANUFACTURING POWER WATER SUPPLY SEWER / WASTE INDUS. / PETROLEUM TRANSPORTATION HAZARDOUS WASTE TELECOM enr.com August 26/September 2, 2013 ENR 12