{"id":45690,"date":"2024-09-17T18:23:52","date_gmt":"2024-09-17T18:23:52","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/worlds-largest-contractors-generate-500b-in-revenue-last-year"},"modified":"2024-09-17T18:46:12","modified_gmt":"2024-09-17T18:46:12","slug":"worlds-largest-contractors-generate-500b-in-revenue-last-year","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/worlds-largest-contractors-generate-500b-in-revenue-last-year","title":{"rendered":"World\u2019s largest contractors generate $500B in revenue last year"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>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

European contractors see highest int\u2019l revenues<\/b><\/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

For More News And Analysis About Mauritius Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. 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 issues, climate change, and regional conflicts, the list […]<\/p>\n","protected":false},"author":84,"featured_media":45689,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[4304,4303,241,446],"class_list":["post-45690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-building","tag-european-contractors","tag-mauritius","tag-world"],"yoast_head":"\nWorld\u2019s largest contractors generate $500B in revenue last year - Mauritius<\/title>\n<meta name=\"description\" content=\"The world\u2019s largest contracting firms reached a revenue of $499.7 billion in 2023, an eight-year high, according to the ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/worlds-largest-contractors-generate-500b-in-revenue-last-year\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World\u2019s largest contractors generate $500B in revenue last year\" \/>\n<meta property=\"og:description\" content=\"The world\u2019s largest contracting firms reached a revenue of $499.7 billion in 2023, an eight-year high, according to the ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/worlds-largest-contractors-generate-500b-in-revenue-last-year\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-17T18:23:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-17T18:46:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/09\/sm_1726582469.806128.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"490\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/worlds-largest-contractors-generate-500b-in-revenue-last-year#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/worlds-largest-contractors-generate-500b-in-revenue-last-year\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"World\u2019s largest contractors generate $500B in revenue last year\",\"datePublished\":\"2024-09-17T18:23:52+00:00\",\"dateModified\":\"2024-09-17T18:46:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/worlds-largest-contractors-generate-500b-in-revenue-last-year\"},\"wordCount\":335,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/worlds-largest-contractors-generate-500b-in-revenue-last-year#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/09\/sm_1726582469.806128.jpg\",\"keywords\":[\"building\",\"European contractors\",\"Mauritius\",\"World\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/worlds-largest-contractors-generate-500b-in-revenue-last-year#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/worlds-largest-contractors-generate-500b-in-revenue-last-year\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/worlds-largest-contractors-generate-500b-in-revenue-last-year\",\"name\":\"World\u2019s largest contractors generate $500B in revenue last year - 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