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China State Construction Engineering

From Alfawiki
China State Construction
Engineering Corporation
Native name
中国建筑集团有限公司
Company typeState-owned enterprise
CSI A50
IndustryConstruction
Founded1957; 69 years ago (1957)
Headquarters
Beijing
,
China
Area served
Worldwide
Key people
RevenueIncrease US$ 320.4 billion (2023)
Decrease US$ 4.4 billion (2023)
Total assetsUS$ 410.1 billion (2023)
OwnerCentral People's Government
Number of employees
382,894 (2023)
SubsidiariesChina State Construction Engineering Corporation Limited (56.26%)
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The China State Construction Engineering Corporation (CSCEC; ) is a Beijing-based State-owned enterprise from China. It stands as the world’s top construction firm by revenue and was ranked eighth globally for international contracting sales in 2020. In the 2023 edition of the Forbes Global 2000, CSCEC secured the 66th position.

The majority of CSCEC’s assets were listed under China State Construction Engineering Corporation Limited (CSCECL), while CSCEC itself retained non-transferable holdings such as educational institutions, healthcare facilities, and its stake in China Construction International Corporation (). CSCEC maintains supervisory authority over this publicly traded entity.

CSCEC has been responsible for delivering numerous iconic projects, including some of the tallest skyscrapers and largest-scale developments worldwide.

Corporate structure

CSCEC’s operations encompass a wide network of branches and subsidiaries structured into five principal divisions and twelve key business sectors. These include eight engineering offices, four Design Institutes, and a national research laboratory. Its core business segments span planning and design, project development, equipment leasing, trading activities, construction services, and facilities management.

The company’s subsidiary and publicly listed arm, China State Construction Engineering Corporation Limited (CSCECL) () (), was founded in 2007 and went public on the Shanghai Stock Exchange in 2009. The initial public offering was priced at RMB 4.18 per share, closing at RMB 6.53 on its debut day—a rise of 56%—and raised US$7.3 billion, marking the largest IPO globally that year.

History

Established in 1957 as a state-owned enterprise, CSCEC initially concentrated on heavy industry and infrastructure projects throughout Asia, Africa, and the Middle East. Its first international office opened in Kuwait during the late 1970s, followed by expansion into the U.S. market with an Atlanta office in 1985. The U.S. branch began with joint venture housing projects before delivering its inaugural independent project—Lantana Lakes—a $27 million residential development in Jacksonville, Florida, completed in 1987.

In 2009, the World Bank imposed a six-year blacklist on CSCEC due to collusive bidding practices related to a Philippine infrastructure contract.

Backed by support from the Chinese government and financing from the Export-Import Bank of China, CSCEC has pursued rapid overseas growth. In 2011, it launched Baha Mar Resorts in the Bahamas—a $3.4 billion casino and resort complex partially owned by CSCEC—representing the largest Chinese construction endeavor outside mainland China.

Additionally, CSCEC constructed the Athletics and Football Stadium in Grenada.

Amid the COVID-19 pandemic in early 2020, CSCEC completed two hospitals in Wuhan within approximately two weeks: Huoshenshan Hospital with a capacity of 1,000 beds and Leishenshan Hospital accommodating 1,600 beds.

On August 28, 2020, the U.S. Department of Defense designated China State Construction Group as one of several companies linked to the People’s Liberation Army operating within U.S. territory. This designation led to an executive order prohibiting American investment in these firms.

Due to its ongoing business dealings with Russia during the Russian invasion of Ukraine, CSCEC has been identified by Ukraine's National Agency on Corruption Prevention as an International Sponsor of War.

In December 2023, CSCEC formed a strategic partnership with NWTN aimed at advancing new energy vehicle initiatives and green hydrogen projects. Under this collaboration, CSCECL oversees construction planning, contracting, and financing responsibilities while NWTN manages investment and operational aspects.

Projects

  • Contributed to the development of Daxing International Airport
  • Built the Great Mosque of Algiers with a budget of $1.5 billion
  • Developed the new university campus in Constantine, valued at $520 million
  • Executed the expansion of Algiers airport, costing $550 million
  • Constructed Egypt's New Administrative Capital, featuring a $3 billion business district
  • Delivered the Cairo International Conference Center in Egypt
  • Completed the AU Conference Center and Office Complex in Ethiopia
  • Built the headquarters for the Commercial Bank of Ethiopia in Ethiopia
  • Developed the Addis Ababa National Stadium in Ethiopia
  • Renovated the Alexander Hamilton Bridge located in New York City
  • Installed ventilation shafts for New York City's 7 Subway Extension
  • Developed the Sukh Chayn Gardens residential estate in Lahore, Pakistan
  • Constructed Tower A of the Federation Tower in Moscow, Europe's second tallest skyscraper
  • Built the Shanghai World Financial Center in Shanghai
  • Delivered the iconic Beijing National Aquatics Centre ("Water Cube") in Beijing
  • Completed the construction of Shun Hing Square in Shenzhen
  • Developed missile testing facilities at Shenzhou Space Center, honored with a national scientific and technical progress award
  • Built the airport passenger terminal at Hong Kong Chek Lap Kok
  • Constructed the One Thousand Museum in Miami, United States
  • Delivered the Leeza SOHO tower in Beijing
  • Completed the main administration building for the Bank of China in Hong Kong
  • Built the MGI Tower in Dhaka, Bangladesh
  • Developed Haier companies' facility in South Carolina, United States
  • Contributed to projects at Nanyang Technological University, Singapore
  • Built the National Athletics & Football Stadium in Grenada
  • Expanded the Australian Embassy premises in Beijing
  • Constructed embassies for Malaysia and Germany in Beijing
  • Developed the Sky City project in Changsha
  • Built a villa at the Consulate General of China in New York City
  • Delivered Sheraton Hotel and Pine Club facilities in Algiers, Algeria
  • Constructed Marriott Hotel in Shanghai
  • Completed Kempinski Hotel project in Beijing
  • Built Xianyang International Airport near Xi'an
  • Developed Baiyun International Airport in Guangzhou
  • Constructed Taoxian International Airport located in Shenyang
  • Executed stadium project Stade des Martyrs in Kinshasa, Zaire
  • Built cricket stadium facilities in Barbados
  • Developed Kathmandu-Terai expressway, Nepal, with a $1.2 billion investment
  • Completed construction of Jinnah Stadium in Islamabad, Pakistan
  • Delivered National Geological Information Center and underground water reservoir projects across Botswana
  • Executed Binh Thuan Roadway Project SM2/SM3 in South Saigon, Vietnam
  • Constructed Culasi-Patnaongon Highway on Panay Island, Philippines
  • Developed North irrigation project Jazir and New Hindiya Dam including railway bridge over Euphrates River, Iraq
  • Built Boukourdane Dam in Algeria; Mae Kuang Dam and Rama Bridge projects in Thailand
  • Delivered 21st Century Tower in Shanghai; Arfa Karim Technology Park, Lahore; Lakeville Residences, Malaysia
  • Constructed Burj Qatar tower; The Hilton Dhaka hotel project in Bangladesh
  • Developing University hospital of Sfax, Tunisia (ongoing since 2016)
  • Executed M5 Multan-Sukkar Motorways project under Pakistan's CPEC initiative
  • Built Trump International Golf Club located in Dubai
  • Managed medical infrastructure project valued at $73.6 million in Cambodia
  • Delivered mixed-use property development worth $466.8 million in Australia
  • Executed major highway construction project valued at $2.13 billion in Argentina
  • Built Tesla's Giga Shanghai facility located in Shanghai
  • Delivered International Trade Center and Rail Transit Control and Commercial Complex projects within Dongguan
  • Constructed The Exchange 106 tower within Tun Razak Exchange (TRX), Kuala Lumpur
  • Developed Goldin Finance 117 (currently on hold) Tianjin; MET 1 Residences at KL Metropolis, Kuala Lumpur
  • Executed Urban Village Phase II residential development project, Phnom Penh, Cambodia
  • Building Nasiriyah Medical City healthcare complex valued at $950 million in Iraq

Subsidiaries

External links

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