Onward and upward

25 October 2002

Consolidated Contractors International Company (CCC) was once again the biggest contractor in the Middle East last year, according to the Engineering News Record (ENR) annual survey of international contractors. The Athens-based company, which has headed the regional list for more than a decade, is moving slowly but surely up the international ladder, climbing three places to 14th position in the list of the top 225 international contractors.

According to the survey, CCC booked $1,422 million in new contracts last year - a 6 per cent rise on 2000 - with the bulk of new work coming from the Middle East. Its Abu Dhabi-based affiliate, National Petroleum Construction Company (NPCC), also saw its ranking improve - by three places to 92nd - on the back of an 8 per cent increase in total orders, to $428 million.

CCC's nearest regional competitor, Cyprus-based Joannou & Paraskevaides (J&P - Overseas), reported a 43 per cent hike in new orders to $696 million, placing it 27th in the ranking.

ENR ranks companies according to revenue generated outside their home market. Contractors are included only if they respond to an ENR questionnaire. This means many of the region's largest construction firms, such as Saudi Binladin Group and Kuwait's Mohammed Abdulmohsin Kharafi & Sons, do not appear in the listing.

Of the top 225 companies assessed in the report, Skanska of Sweden has moved into the number one slot, ousting Germany's Hochtief as the biggest contractor in 2000. Skanska's growth has been propelled by its acquisition of the civils arm of the Kvaerner Group.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications