UNCERTAINTY CLOUDS MARKET

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1 Overview p. 34 // International Market Analysis p. 34 // Past Decade s International Contracting Revenue p. 34 // International Region Analysis p. 35 // 2014 Revenue Breakdown p. 35 // 2014 New Contracts p. 35 // Domestic Staff Hiring p. 35 // International Staff Hiring p. 35 // Profit/Loss pg. 36 // 2014 Backlog p. 36 // Top 10 by Region p. 36 // Top 10 by Market p. 37 // Top 20 Non-U.S. International Construction/Program Managers p. 38 // Top 20 Non-U.S. Global Construction/Program Managers p. 38 // Chernobyl Reaches a Milestone p. 39 // How Contractors Shared the 2014 Market p. 40 // How to Read the Tables p. 40 // Top 250 International Contractors List p. 41 International Contractors Index p. 48 // Top 250 Global Contractors List p. 51 // Global Contractors Index p. 57 PHOTO COURTESY OF SAMSUNG C&T CORP. NUMBER 16 HEAVY LIFTING Samsung C&T is part of the team building that is three lines, including 25 stations and 40 miles of track, of Riyadh Metro, located in Saudi Arabia. International Contractors UNCERTAINTY CLOUDS MARKET Falling oil prices, political turmoil and economic disruptions from Europe to China have international firms worried By Peter Reina and Gary J. Tulacz enr.com August 24/31, 2015 ENR _Top250_COV.indd 33 ENR 33 8/17/15 6:56 PM

2 THE TOP 250 INTERNATIONAL CONTRACTORS Int l Market Analysis 22.4% Buildings $116, % Petroleum $125, % Transportation $135, (Measured $ millions) 10.4% Power $54, % Hazardous Waste $ % Telecom $6, % Sewer/Waste $6, % Manufacturing $9, % Water $13, % Other $24, % Industrial $26, SOURCE: ENR DATA. Comparing the Past Decade s International Contractor Revenue $ $ $ $ $ $ $ (in $ billions) *THE 2012 FIGURE IS FOR THE TOP 225 INTERNATIONAL CONTRACTORS. THE EXPANDED TOP 250 LIST FIRMS HAD A COMBINED REVENUE OF $511.1 BILLION. $507.5* 2012 SOURCE: ENR DATA. $ $ ENR August 24/31, 2015 enr.com International business is one of the reasons we were able to weather the [Spanish economic] crisis. Miguel Jurado, Chairman, FCC Construcción SA Global contractors are doing well in the world market, but signs of concern about economic stability are beginning to accumulate. In early July, Saudi Arabia sold its first issue of sovereign bonds in eight years to cover projected budget deficits caused by falling oil prices. Russia on Aug. 10 announced its gross domestic product contracted by 4.6% in the second quarter of 2015, again because of falling oil prices. About the same time, China devalued its yuan, causing worry across the world s financial markets. For large international contractors, economic uncertainty does not bode well for the market. The uncertainties in the international construction markets can be seen in the results of the ENR Top 250 International Contractors list. On the ENR 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 s Top 250 Global Contractors list ranks contractors based on total worldwide contracting revenue, regardless of the projects locations. The ENR Top 250 International Contractors had $ billion in contracting revenue in 2014 from projects outside their home countries, down 4.1% from $ billion in The Top 250, as a group, also had $ billion in revenue from domestic projects in 2014, up 4.3% from $ billion in On a regional basis, Africa was the biggest gainer, with international revenue from projects in Central and Southern Africa growing 14.7% in 2014 over Strife-torn North Africa rebounded from several years of decline with 12.4% in international contracting growth. The U.S. market also showed strength, rising 5.7% in 2014 to $51.15 billion. On the other hand, the international contracting market in Canada took the biggest hit, falling 13.5% to $29.58 billion. Europe also saw a double-digit decline, dropping 10.4% in The Asian-Australian and the Middle East markets both saw 6.3% declines in international contracting revenue, while the Latin American market fell 7.2%. Part of the Top 250 s overall decline in international revenue can be attributed by the absence of a few large firms that did not participate in the survey this year. For example, Korea s Samsung Engineering Co. Ltd., which reported $7.1 billion in international revenue last year, did not participate. Germany s Bilfinger SE, which reported $6.85 billion in international contracting revenue last year, also did not participate. Bilfinger currently is in the process of divesting itself of its contracting assets. In December, it sold its part of its construction group to Swiss-

3 Int l Region Analysis 26.3% Asia and Australia $137, (Measured $ millions) 0.1% Arctic/ Antarctic $ % Caribbean Islands $3, % North Africa $23, % South and Central Africa $47, % Canada $29, % 9.6% Latin America $50, % Middle East $79, United States $51, % Europe $99, #6 on July 6 announced a restructuring that includes a proposed reduction in force of 6,000 staff in light of a slow oil-and-gas market. Revenue (in $ billions) $1,430.8 $909.3 $521.5 New Contracts (in $ billions) $968.0 $581.0 $1,549.1 OVERVIEW Domestic Revenue International Revenue Total Revenue SOURCE: ENR DATA. Domestic New Contracts Int l New Contracts Total New Contracts SOURCE: ENR DATA. Professional Domestic Staff Hiring Professional International Staff Hiring Increase Decrease Stayed the Same (Measured in firms reporting) SOURCE: ENR DATA. based Implenia. Then, in June, Bilfinger sold its infrastructure division to Austria s Porr AG. Europe Still Building For many large European contractors, the market is upbeat. Markets are still booming in terms of mega infrastructure projects in many places of the world and we see every year more and more, says Jérôme Stubler, chairman, Paris-based Construction SA. The firm s backlog now includes 54% foreign work, up 5% from last year. For Spain s FCC Construcción SA, international business is one of the reasons we were able to weather the [Spanish economic] crisis, says Chairman Miguel Jurado. FCC s portfolio includes projects in the Americas, Europe, the Middle East and North Africa. FCC s group international sales last year accounted for 44% of the total, 8% more than at the start of the crisis in 2007, he adds. In construction, foreign sales made up just over half the business unit s total. Germany s Hochtief AG now is in better shape for international business, according to Chairman Marcelino Fernández Verdes. The firm has worked to eliminate risk from its balance sheet, sold non-core assets and made significant progress in reorganizing units in Europe and Asia Pacific. In Europe, the French market is recovering after 235 of the Top 250 sent in surveys last year. 54.9% had increased international revenue in % had lower international revenue in falling sharply, says Stubler. We see a long list of projects that are coming, both private and public. The metro-based Grand Paris program could generate $11 billion of rail work over the next decade, he estimates. Many large European contractors believe that bigticket infrastructure projects will bolster the market. For example, European Commission President Jean-Claude Juncker has proposed to create a fund to guarantee infrastructure projects that may stimulate $330 billion in projects over the next five years. The Juncker package will most likely have a positive influence on our core markets, especially in regions with high refurbishment needs in the infrastructure sector, like Central and Eastern Europe, says Thomas Birtel, CEO of Austria s Strabag SE. s U.K. focus is more and more on [designbuild] projects where we can generate value by the ideas we have, says Stubler. Otherwise, it s challenging to be profitable in U.K. The U.K. s very good profits of the old days are over, agrees Peter Wallin, Skanska s chief financial officer. But demand continues to be good, adds Johan Karlström, CEO of Sweden s Skanska AB. Bechtel Inc. last year completed one big railroad job in the U.K. and its involvement in the huge London Crossrail program is peaking. In looking for replacement work, we have a pretty good footprint enr.com August 24/31, 2015 ENR 35

4 THE TOP 250 INTERNATIONAL CONTRACTORS The Top 10 by Region 1 ASIA Top 10 Revenue: $71,320.8 Mil. RANK Sector s Revenue: $137,406.5 Mil. 1 2 GRUPO ACS 2 1 HOCHTIEF AKTIENGESELLSCHAFT 3 3 BECHTEL 4 ** POWER CONSTRUCTION CORP. OF CHINA 5 6 SAMSUNG C&T CORP. 6 4 CHINA COMMUNICATIONS CONSTRUCTION 7 9 HYUNDAI ENGINEERING & CONSTRUCTION CO. LTD. 8 8 JGC CORP. 9 7 CIMIC GROUP LTD. 10 ** CHINA STATE CONSTRUCTION ENG'G CORP. LTD. 4 MIDDLE EAST Top 10 Revenue: $28,939.5 Mil. RANK Sector s Revenue: $79,026.1 Mil. 1 3 CONSOLIDATED CONTRACTORS GROUP 2 2 HYUNDAI ENG G & CONSTRUCTION CO. LTD. 3 ** OZTURK HOLDING CO. 4 9 CHINA COMMUNICATIONS CONSTRUCTION 5 4 FLUOR CORP. 6 5 SAIPEM 7 ** PETROFAC LTD. 8 6 DAELIM INDUSTRIAL CO. LTD. 9 8 LARSEN & TOUBRO LTD GS ENGINEERING & CONSTRUCTION 2 EUROPE Top 10 Revenue: $64,416.4 Mil. RANK Sector s Revenue: $99,805.6 Mil SKANSKA AB ROYAL BAM GROUP NV 6 7 FERROVIAL 7 4 GRUPO ACS ** BECHTEL 10 ** RENAISSANCE CONSTRUCTION 5 LATIN AMERICA / CARIBBEAN Top 10 Revenue: $30,069.5 Mil. RANK Sector s Revenue: $53,279.8 Mil. 1 1 CONSTRUTORA NORBERTO ODEBRECHT SA 2 2 GRUPO ACS 3 5 ABEINSA SA 4 4 BECHTEL 5 ** SAIPEM 6 3 FLUOR CORP OHL 9 7 ISOLUX CORSAN 10 ** CHINA COMMUNICATIONS CONSTRUCTION 3 UNITED STATES Top 10 Revenue: $42,476.7 Mil. RANK Sector s Revenue: $51,151.5 Mil. 1 1 GRUPO ACS 2 2 HOCHTIEF AKTIENGESELLSCHAFT 3 3 SKANSKA AB 4 4 LEND LEASE OBAYASHI CORP ** ORASCOM CONSTRUCTION LTD. 9 ** KAJIMA CORP FERROVIAL 6 CANADA Top 10 Revenue: $22,302.7 Mil. RANK Sector s Revenue: $29,580.1 Mil. 1 1 PCL CONSTRUCTION ENTERPRISES INC. 2 2 FLUOR CORP. 3 4 BECHTEL 4 3 KIEWIT CORP. 5 9 WORLEYPARSONS ** AECOM 8 5 GRUPO ACS 9 8 HOCHTIEF AKTIENGESELLSCHAFT JACOBS 7 AFRICA Top 10 Revenue: $29,248.7 Mil. RANK Sector s Revenue: $70,949.3 Mil. 1 1 CHINA COMMUNICATIONS CONSTRUCTION Reporting Profit / Loss Total Backlog POWER CONSTRUCTION CORP. OF CHINA 3 2 SAIPEM 4 3 CHINA RAILWAY GROUP LTD ** CHINA CIVIL ENGINEERING CONSTRUCTION CORP CONSTRUTORA NORBERTO ODEBRECHT SA 8 8 CITIC CONSTRUCTION CO. LTD. 9 ** OZTURK HOLDING CO CHINA STATE CONSTRUCTION ENG'G CORP. LTD. Domestic Profit International Profit (Measured in firms reporting) SOURCE: ENR DATA. Domestic Loss International Loss Increase Stayed the same Decrease (Measured in firms reporting) SOURCE: ENR DATA. that gives us credibility in the market, says David Welch, president of Bechtel s Europe, Africa and Middle East region. FCC aims to expand in the U.K. following its P3 contracts, including the current Mersey Gateway bridge. And after a deep recession in Spain, FCC s home market is on the upswing, notes Jurado. Increased Spanish infrastructure investment this year represents a significant boost to the construction sector. Demand is forecast to increase by over 14% by 2019, he adds. 36 ENR August 24/31, 2015 enr.com On the Web For expanded content on the ENR Top Lists, see ENR.com/ toplists. Russia is providing opportunities for select international contractors Russia is still the biggest opportunity, especially for Turkish construction companies, even during this year economic crisis, says Bahattin Demirbilek, president of Russian- Turkish Esta Construction. He says Turkish contractors have been in Russia and the Commonwealth of Independent States countries for 25 years and relations between both government and private investors are strong.

5 The Top 10 by Market #9 won a contract to build the 176-km Autopista al Mar 1 in Colombia, marking its entry into the Latin American market. OVERVIEW 1 TRANSPORTATION Top 10 Revenue: $71,843.9 Mil. RANK Sector s Revenue: $135,717.9 Mil. 1 1 CHINA COMMUNICATIONS CONSTRUCTION GRUPO ACS ** FERROVIAL 7 6 HOCHTIEF AKTIENGESELLSCHAFT 8 8 SKANSKA AB 9 9 BECHTEL 10 7 CONSTRUTORA NORBERTO ODEBRECHT SA 2 PETROLEUM Top 10 Revenue: $73,893.3 Mil. RANK Sector s Revenue: $125,336.7 Mil SAIPEM 3 1 BECHTEL 4 4 FLUOR CORP. 5 5 PETROFAC LTD GRUPO ACS 8 9 JGC CORP. 9 ** TECNICAS REUNIDAS 10 ** GS ENGINEERING & CONSTRUCTION 3 BUILDINGS Top 10 Revenue: $58,468.1 Mil. RANK Sector s Revenue: $116,699.8 Mil. 1 1 GRUPO ACS 2 2 HOCHTIEF AKTIENGESELLSCHAFT 3 3 SKANSKA AB 4 ** OZTURK HOLDING CO CHINA STATE CONSTRUCTION ENG'G CORP LEND LEASE 9 8 PCL CONSTRUCTION ENTERPRISES INC. 10 ** CITIC CONSTRUCTION CO. LTD. 4 POWER Top 10 Revenue: $30,741.9 Mil. RANK Sector s Revenue: $54,405.6 Mil. 1 4 POWER CONSTRUCTION CORP. OF CHINA 2 1 ABEINSA SA 3 2 HYUNDAI ENG G & CONSTRUCTION CO. LTD. 4 3 GRUPO ACS CHINA NAT'L MACHINERY INDUSTRY CORP. 7 ** CHINA GEZHOUBA GROUP CO. LTD. 8 ** CONSTRUTORA NORBERTO ODEBRECHT SA 9 ** DONGFANG ELECTRIC CORP SAMSUNG C&T CORP. 5 INDUSTRIAL Top 10 Revenue: $17,770.6 Mil. RANK Sector s Revenue: $26,876.0 Mil. 1 1 BECHTEL 2 6 FLUOR CORP. 3 3 DANIELI & C. OM SPA 4 8 CONSTRUTORA NORBERTO ODEBRECHT SA 5 ** ORASCOM CONSTRUCTION LTD. 6 ** CHINA METALLURGICAL GROUP CORP POSCO ENGINEERING & CONSTRUCTION 9 ** 10 ** CHINA NAT'L MACHINERY INDUSTRY CORP. 6 WATER Top 10 Revenue: $7,779.8 Mil. RANK Sector s Revenue: $13,536.9 Mil. 1 1 SALINI IMPREGILO SPA 2 2 GRUPO ACS 3 3 CONSTRUTORA NORBERTO ODEBRECHT SA 4 6 POWER CONSTRUCTION CORP. OF CHINA 5 7 CHINA INT'L WATER & ELECTRIC CORP HOCHTIEF AKTIENGESELLSCHAFT 8 ** OBAYASHI CORP. 9 ** ACCIONA INFRAESTRUCTURAS SA 10 ** 7 MANUFACTURING Top 10 Revenue: $7,152.4 Mil. RANK Sector s Revenue: $9,811.2 Mil. 1 1 M+W GROUP 2 ** SAMSUNG C&T CORP. 3 6 KAJIMA CORP. 4 2 TAKENAKA CORP. 5 4 HOCHTIEF AKTIENGESELLSCHAFT 6 9 PCL CONSTRUCTION ENTERPRISES INC. 7 7 GRUPO ACS 8 3 SHIMIZU CORP GS ENGINEERING & CONSTRUCTION 10 ** WALBRIDGE 8 SEWER/WASTE Top 10 Revenue: $3,859.7 Mil. RANK Sector s Revenue: $6,943.1 Mil. 1 1 GRUPO ACS 2 ** POWER CONSTRUCTION CORP. OF CHINA ** FERROVIAL 5 7 SKANSKA AB 6 ** 7 ** ONUR TAAHHUT TASIMCILIK INSAAT TICARET 8 2 HOCHTIEF AKTIENGESELLSCHAFT 9 ** CONSTRUTORA NORBERTO ODEBRECHT SA 10 6 CHINA COMMUNICATIONS CONSTRUCTION 9 TELECOMMUNICATIONS Top 10 Revenue: $6,410.5 Mil. RANK Sector s Revenue: $6,690.4 Mil. 1 1 GRUPO ACS 2 2 HOCHTIEF AKTIENGESELLSCHAFT ** TAISEI CORP. 5 ** M+W GROUP 6 5 SKANSKA AB 7 ** CEIEC 8 ** DAELIM INDUSTRIAL CO. LTD. 9 6 CHINA NAT'L MACHINERY INDUSTRY CORP FLUOR CORP. Oil-rich Norway remains a good civil market but competition is extremely tough, says Karlström. He reports good revenues in Sweden and Poland, while the weak Czech market has stabilized. Stubler agrees Poland is doing very well. But competition, mainly from local and Spanish firms, is tough, he adds. But executives report depressing effects of low oil prices in exporting countries such as Norway. There, residential demand in Stavanger has more or less stopped, says Karlström. Impact of Cheap Oil The drop in oil prices is definitely beginning to have an impact on international contractors in that sector. For example, Technip announced on July 6 that the oil-and-gas market was under pressure and that it foresees even greater challenges ahead. To address these challenges to its core market, Technip announced that it was planning on cost-cutting measures to save $925 million in expenses over the next two years, including the enr.com August 24/31, 2015 ENR 37

6 THE TOP 225 INTERNATIONAL CONTRACTORS THE TOP 20 NON-U.S. FIRMS IN INTERNATIONAL CONSTRUCTION MANAGEMENT AND PROGRAM MANAGEMENT FEES* AGENCY PROGRAM TOTAL CM FEES MGMT. FEE CM / PM RANK FIRM ($ MIL) ($ MIL) ($ MIL) 1 ARCADIS NV, Amsterdam, The Netherlands WSP PARSONS BRINCKERHOFF, Montreal, Canada WORLEYPARSONS, North Sydney, Australia LEND LEASE, Millers Point, Australia OZTURK HOLDING CO., Istanbul, Turkey ATKINS, Epsom, U.K DAR AL-HANDASAH CONSULTANTS, Cairo, Egypt SNC-LAVALIN INTERNATIONAL INC., Montreal, Canada RAMBOLL GROUP A/S, Copenhagen S, Denmark KEO INTERNATIONAL CONSULTANTS, Safat, Kuwait HATCH GROUP, Mississauga, Canada EHAF CONSULTING ENGINEERS, Giza, Egypt PROJACS INTERNATIONAL, Manama, Bahrain SHANDONG KERUI PETROLEUM EQUIPMENT CO. LTD., Dongying, China ASSYSTEM, Dubai, U.A.E PM GROUP, Dublin, Ireland ARUP, London, U.K , Paris, France CHINA POWER ENGINEERING CONSLTG. GROUP CO. LTD., Beijing, China SAMSUNG C&T CORP., Seoul, S. Korea *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 GLOBAL CONSTRUCTION MANAGEMENT AND PROGRAM MANAGEMENT FEES* AGENCY PROGRAM TOTAL CM FEES MGMT. FEE CM / PM RANK FIRM ($ MIL) ($ MIL) ($ MIL) 1 WSP PARSONS BRINCKERHOFF, Montreal, Canada ARCADIS NV, Amsterdam, The Netherlands WORLEYPARSONS, North Sydney, Australia LEND LEASE, Millers Point, Australia CHINA POWER ENGINEERING CONSLTG. GROUP CO. LTD., Beijing, China OZTURK HOLDING CO., Istanbul, Turkey SNC-LAVALIN INTERNATIONAL INC., Montreal, Canada ATKINS, Epsom, U.K MOUCHEL, Woking, U.K DAR AL-HANDASAH CONSULTANTS (SHAIR & PARTNERS), Cairo, Egypt RAMBOLL GROUP A/S, Copenhagen S, Denmark HATCH GROUP, Mississauga, Canada SAMOOCM ARCHITECTS & ENGINEERS, Seoul, S. Korea KEO INTERNATIONAL CONSULTANTS, Safat, Kuwait ASSYSTEM, Dubai, U.A.E EHAF CONSULTING ENGINEERS, Giza, Egypt HANMIGLOBAL, Seoul, S. Korea SHANDONG KERUI PETROLEUM EQUIPMENT CO. LTD., Dongying, China PROJACS INTERNATIONAL, Manama, Bahrain GHD PTY. LTD., Sydney, Australia *BASED ON FEES FOR MANAGEMENT SERVICES PROVIDED ON A FEE-ONLY BASIS FOR ALL PROJECTS, DOMESTIC AND INTERNATIONAL elimination of 6,000 workers worldwide and optimizing its asset base. The recent drop in crude-oil prices and widespread political instability have been reason for concern, says S.N. Subrahmanyan, senior executive vice president of India s Larsen & Toubro Ltd. However, he says most countries in the oil-producing Middle East region have already rolled out massive social and infrastructure projects. Consistent funding for these projects, even under tough economic conditions, indicates that priorities are in place, he says. Falling oil prices are definitely a concern for us in the short to medium term, says J.P. Chalasani, group CEO of India s Punj Lloyd. However, as Punj Lloyd is present across many countries in the Middle East where there is no change in the capital spending, it is in a comfortable space, he says Plummeting oil prices also are having an effect on social infrastructure spending. Turkey s Aslan Yapi ve Ticaret has enjoyed a strong government-supported multiunit housing market in the North Africa, says Mustafa Cihad, Aslan s general manager. However, he is concerned the decrease in oil prices may cause a decrease in housing and other construction. Stubler reports a significant sales drop in African oil-based markets though the backlog remains stable. We have projects which are signed [but] the difficulty is to get started, he says. Russian business is also affected and a large Saudi Arabian stadium program has been scaled back. It s not all bad news, explains Welch. For some economies, low oil prices are a benefit. Nevertheless, with its wide involvement in Middle Eastern oil, gas and petrochemical sectors, Bechtel is being affected by oil prices, he adds. In the Middle East, we are now, for the first year, ranked as number one in Qatar, says Stubler. is landing major contracts through the company it jointly owns with Qatari Diar, part of the government s sovereign wealth fund. But the relationship provides no unfair competitive advantage against other contractors, he adds. Bechtel remains busy on Saudi Arabian projects, including industrial cities and Riyadh s new metro, where tunneling started recently. Among targets for new contracts are oil- and gas-related projects in Saudi Arabia, the Emirates and Oman, as well as transportation work in the region, Welch says. However, some international contractors complain that the level of competition in the Middle East makes it tough for good contractors. In the recent past, the oil-and-gas space in the Middle East has been crowded with too many contractors. Competitors have secured 38 ENR August 24/31, 2015 enr.com

7 #30 SALINI IMPREGILO won a contract on July 8 to build the 70,000-seat Al Bayt soccer stadium in Al Khor, Qatar, for the 2022 World Cup. OVERVIEW PHOTO COURTESY OF NOVARKA Nuclear Waste Chernobyl Reaches a Milestone On July 31, two halves of the 31,000-ton confinement facility over the Chernobyl nuclear plant were joined together. The contractor is Novarka, a joint venture between Vinci (No. 4) and Bouygues (No. 7). projects at unreasonably low prices to establish their presence in the market, says Chalasani of Punj Lloyd. He says that the firms with robust health and safety programs and quality standards often cannot afford to bid against these mew competitors. One new development in the Middle East is the growing use of public-private partnerships to help finance projects. Public-private partnerships and various versions of [build-operate-transfer] schemes are getting increasingly popular, especially for large infrastructure projects, as the cost of funding for such projects increases, says M. Sani Sener, CEO of Turkey s TAV Group. Nowadays, he says, many transportation projects in the Middle East are financed with P3s and BOTs. Other contractors also have seen the trend toward P3 projects and risk transfer. Sacyr sees a clear international tendency toward new schemes and forms of procurement, such as [design-build, design-buildfinance or design-build-finance-operate-maintain], where the owners are clearly transferring risk to contractors-concessionaires and seeking new ways of financing projects, says José María Orihuela Uzal, CEO of Sacyr Construction. He says Sacyr has worked on more than 90 such projects in 11 countries. For Iranian contractors, the prospects of an end to economic sanctions may boost international work. Mohammadreza Ansari, chairman of Iran s Kayson, says that Iranian firms are anxious to show what they can do in the international market. He notes that Kayson is building as many as 1,000 residential units a month The huge advent of Chinese contracting companies is further crowding an already crowded market space. S.N. Subrahmanyan, Senior Executive Vice President, Larsen & Toubro Ltd. in as part of a 10,008-unit contract with Venezuela s Bolivar Republic. And Roham Vagehi, marketing executive for Iran s Sunir Co., says that the end of sanctions will open up Iran as a major international market to upgrade the country s aging infrastructure. The Chinese market has been tough for international firms, and the country s economic woes are making it even tougher. But the effect of China s construction slump has brought down the price levels of bulk metals like reinforcing steel to more attractive levels, says Subrahmanyan. However, the huge advent of Chinese contracting companies is further crowding an already crowded market space. South East Asia continues to attract Europeans. is developing well in countries, including Vietnam, Singapore, Indonesia and Malaysia, says Stubler. recently acquired a contractor in New Zealand, which has a lot of road, rail and infrastructure to be built. Hochtief is optimistic about the region, where its Australian-based companies take the lead. Having sold John Holland Group this spring, Hochtief is bundling Australian operations into its new CIMIC Group s construction, contract mining, P3s and engineering units. It retains the Thiess and Leighton Asia brands. In Latin America, FCC plans to expand its already broad base using new ties with Mexican billionaire Carlos Slim, says Jurado. Slim became FCC s largest shareholder, with 25.6%, during the firm s $1.1 billion capital call last year. is also growing in the region, says Stubler. This July the firm agreed to buy 20% of Colombia s second largest contractor, Constructora ConConcreto SA. But Skanska is quitting Latin America. It has sold an operations-and-maintenance business in Argentina, and Karlström expects to sell remaining units in Brazil, Peru and Colombia next year. Strabag now is taking aim at the Latin American market. In June 2015, Strabag won a concession project in Colombia, which marked the market entry there, says Birtel. The contractor will build the 176- km motorway Autopista al Mar 1, he says. Sacyr sees the large Pacific Alliance countries Chile, Peru, Colombia, Mexico and Panama as major potential markets. There is a real need for infrastructure in these regions in order to keep on growing, says Orihuela Uzal. Our experience in large technologically complex projects or in [design-buildfinance-operate-maintain] projects gives us a competitive advantage in these countries. In Africa, Bechtel continues advising the Gabon government on infrastructure development and is in- enr.com August 24/31, 2015 ENR 39

8 THE TOP 250 INTERNATIONAL CONTRACTORS #35 OBAYASHI CORP. s U.S. subsidiary acquired Plain, Wis.-based contractor Edward Kraemer & Sons Inc. in November OVERVIEW terested in Ghana, Kenya and Ethiopia, says Welch. To tap potential business in southern Africa, the firm this year set up a one-person office in South Africa. That market, though still active, is not developing as hoped, he adds. However, many major contractors worry that the African market is tough. The presence of Chinese financial aid and large Chinese contractors in Africa makes it a disappointing market, says Vagehi of Sunir Co. He says the Chinese also dominate the Pakistani market. On the other hand, Sunir has found success in Bangladesh, Vaghei says. Europeans continue to spread in the U.S. Karlström sees a strong pipeline in building and civil sectors. Skanska has won its largest ever contract on In African oil-based markets, we have projects which are signed [but] the difficulty is to get started. Jérôme Stubler, Chairman, Construction SA its P3 to redevelop New York LaGuardia airport s Central Terminal Building. But U.S. margins are being hurt by disputed cost overruns on some projects, he adds. In the U.S., continues to work on Indiana s Ohio River East Crossing with Walsh Construction Co. and is bidding for more P3s, says Stubler. North of the border, the firm this June won a P3 for Saskatchewan s 61-km Regina Bypass highway. Hochtief, already active in the U.S. through subsidiaries, including Turner Construction Co., sees P3s offering great potential for infrastructure work, notes Fernandez. Increasing numbers of rail and hydro construction contracts are being awarded in this way, he adds. n HOW THE TOP INTERNATIONAL CONTRACTORS SHARED THE 2014 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 32 59, , , , NA NA 18, , CANADIAN 2 1, NA NA EUROPEAN , , , , , , , , BRITISH 3 7, , , GERMAN 4 33, , , , , , FRENCH 5 51, , , , , , , , ITALIAN 15 29, , , , , , , , DUTCH 2 7, , SPANISH 11 68, , , , , , , , OTHER EUROPEAN 12 44, , , , , , , AUSTRALIAN 4 13, , , , , JAPANESE 14 21, CHINESE 65 89, , , , , , , KOREAN 12 37, , , , , TURKISH 43 29, , , , , BRAZILIAN 3 11, , , ALL OTHERS 23 14, , , , , , ALL FIRMS , , , , , , , , SOURCE: ENR. NOTE: EXCLUDING $350.8 MILLION IN ARCTIC/ANTARCTIC OR UNALLOCATED How To Read the Tables Companies are ranked according to construction revenue generated outside of each company s home country in 2014 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 now are available through 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. Figures also include the value of installed equipment when a firm has prime responsibility for specifying and procuring it within the scope of a construction contract. 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, irrigation canals, desalination and drinking-water treatment plants, water 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, nonferrous 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 and antennae, data centers, etc. 40 ENR August 24/31, 2015 enr.com

9 THE TOP 250 INTERNATIONAL CONTRACTORS The Top 250 List RANK FIRM 2014 REVENUE $ MIL. INT'L TOTAL 2014 NEW CONTRACTS $ MIL 1 1 ACS, ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA, Madrid, Spain 38, , , HOCHTIEF AKTIENGESELLSCHAFT, Essen, Germany 29, , , BECHTEL, San Francisco, Calif., U.S.A. 21, , , , Rueil-Malmaison, France 19, , , CHINA COMMUNICATIONS CONSTRUCTION GRP. LTD., Beijing, China 15, , , , Paris, France 14, , , , Paris, France 14, , , SKANSKA AB, Stockholm, Sweden 14, , , , Vienna, Austria 13, , , SAIPEM, San Donato Milanese, Italy 13, ,831.9 NA POWER CONSTRUCTION CORP. OF CHINA, Beijing, China 11, , , FLUOR CORP., Irving, Texas, U.S.A. 11, , , CONSTRUTORA NORBERTO ODEBRECHT SA, Sao Paulo, SP, Brazil 10, , , HYUNDAI ENGINEERING & CONSTRUCTION CO. LTD., Seoul, S. Korea 9, , , FERROVIAL, Madrid, Spain 8, , , SAMSUNG C&T CORP., Seoul, S. Korea 7, , , CHINA STATE CONSTRUCTION ENG G CORP. LTD., Beijing, China 7, ,579.4 NA ** OZTURK HOLDING CO., Istanbul, Turkey 6, , , ROYAL BAM GROUP NV, Bunnik, The Netherlands 6, ,672.0 NA ABEINSA SA, Seville, Spain 5, , , PETROFAC LTD., Jersey, Channel Islands, U.K. 5, , , CONSOLIDATED CONTRACTORS GROUP, Athens, Greece 5, , , CHINA RAILWAY GROUP LTD., Beijing, China 5, , , , The Woodlands, Texas, U.S.A. 5, , , PCL CONSTRUCTION ENTERPRISES INC., Denver, Colo., U.S.A. 5, , , GS ENGINEERING & CONSTRUCTION, Seoul, S. Korea 5, , , CHINA NAT L MACHINERY INDUSTRY CORP., Beijing, China 5, , , JGC CORP., Yokohama, Japan 5, , , CIMIC GROUP LTD., St. Leonards, NSW, Australia 4, , , SALINI IMPREGILO SPA, Milan, Italy 4, , , OHL, Madrid, Spain 4, , , TECNICAS REUNIDAS, Madrid, Spain 3, , , LEND LEASE, Millers Point, NSW, Australia 3, , , DAELIM INDUSTRIAL CO. LTD., Seoul, S. Korea 3, , , OBAYASHI CORP., Tokyo, Japan 3, , KIEWIT CORP., Omaha, Neb., U.S.A. 3, , RENAISSANCE CONSTRUCTION, Ankara, Turkey 3, , , MCCONNELL DOWELL CORP. LTD., Hawthorn West, VIC, Australia 2, , , CHIYODA CORP., Yokohama, Kanagawa Pref., Japan 2, , , ORASCOM CONSTRUCTION LTD., Cairo, Egypt 2, , , , Vélizy-Villacoublay, France 2, , , SK ENGINEERING & CONSTRUCTION, Seoul, S. Korea 2, , , DAEWOO ENGINEERING & CONSTRUCTION CO. LTD., Seoul, S. Korea 2, , , CHINA GEZHOUBA GROUP CO. LTD., Wuhan City, Hubei Prov., China 2, , , KBR, Houston, Texas, U.S.A. 2, ,839.0 NA ** JAN DE NUL GROUP, Capellen, Luxembourg 2, , , CHINA CIVIL ENGINEERING CONSTRUCTION CORP., Beijing, China 2, , , M+W GROUP, Stuttgart, Germany 2, , , CHINA METALLURGICAL GROUP CORP., Beijing, China 2, , , DANIELI & C. OM SPA, Buttrio (UD), Italy 2, , , GENERAL BUILDING MANUFACTURING POWER WATER SUPPLY SEWER / WASTE INDUS. / PETROLEUM TRANSPORTATION HAZARDOUS WASTE TELECOM enr.com August 24/31, 2015 ENR 41

10 THE TOP 250 INTERNATIONAL CONTRACTORS RANK FIRM 2014 REVENUE $ MIL. INT'L TOTAL 2014 NEW CONTRACTS $ MIL JACOBS, Pasadena, Calif., U.S.A. 2, , , CITIC CONSTRUCTION CO. LTD., Beijing, China 2, , KAJIMA CORP., Tokyo, Japan 2, , , MOTA-ENGIL, Porto, Portugal 2, , , ASTALDI SPA, Rome, Italy 2, , , WORLEYPARSONS, North Sydney, NSW, Australia 2, , LARSEN & TOUBRO LTD., Mumbai, Maharashtra, India 2, , , CHINA RAILWAY CONSTRUCTION CORP. LTD., Beijing, China 2, , , POSCO ENGINEERING & CONSTRUCTION, Incheon, S. Korea 2, , , TOYO ENGINEERING CORP., Narashino, Chiba, Japan 2, , , ACCIONA INFRAESTRUCTURAS SA, Madrid, Spain 2, , , POLIMEKS INSAAT TAAHHUT VE SAN. TIC. AS, Istanbul, Turkey 2, , , ISOLUX CORSAN, Madrid, Spain 2, , , CHINA PETROLEUM PIPELINE BUREAU (CPP), Langfang City, Hebei, China 2, , , ENKA CONSTRUCTION & INDUSTRY CO. INC., Istanbul, Turkey 1, , , CHINA PETROLEUM ENGINEERING & CONST. (GROUP) CORP., Beijing, China 1, , , ** AECOM, Los Angeles, Calif., U.S.A. 1, , , SNC-LAVALIN INTERNATIONAL INC., Montreal, Quebec, Canada 1, , , VAN OORD, Rotterdam, The Netherlands 1, ,566.3 NA PORR AG, Vienna, Austria 1, , , SACYR, Madrid, Spain 1, , , DONGFANG ELECTRIC CORP., Chengdu, Sichuan, China 1, , BESIX SA, Brussels, Belgium 1, , , CHINA INT L WATER & ELECTRIC CORP., Beijing, China 1, , , SHIMIZU CORP., Chuo-ku, Tokyo, Japan 1, , , CHINA NATIONAL CHEMICAL ENGINEERING GROUP CORP., Beijing, China 1, , , TAKENAKA CORP., Osaka, Japan 1, , , HANWHA ENGINEERING & CONSTRUCTION CORP., Seoul, S. Korea 1, , JOANNOU & PARASKEVAIDES GROUP OF COS., Guernsey, Channel Islands, U.K. 1, , , MAIRE TECNIMONT, Milan, Italy 1, , , QINGJIAN GROUP CO. LTD., Qingdao, Shandong, China 1, , TAV CONSTRUCTION, Istanbul, Turkey 1, , ANDRADE GUTIERREZ ENGENHARIA SA, Rio de Janeiro, Brazil 1, , SINOPEC ENGINEERING (GROUP) CO. LTD., Beijing, China 1, , , THE ARAB CONTRACTORS CO., Cairo, Egypt 1, , CGCOC GROUP CO. LTD., Beijing, China 1, , , PENTA-OCEAN CONSTRUCTION CO. LTD., Tokyo, Japan 1, , , ED. ZÜBLIN AG, Stuttgart, Baden-Württemberg, Germany 1, ,012.1 NA CALIK ENERJI SAANAYI VE TICARET AS, Ankara, Turkey 1, , TEKFEN CONSTRUCTION & INSTALLATION CO. INC., Istanbul, Turkey ,346.0 NA SHANGHAI ELECTRIC GROUP CO. LTD., Shanghai, China , ANT YAPI CONSTRUCTION, INDUSTRY & TRADE CO. LTD., Istanbul, Turkey , , CHINA GENERAL TECHNOLOGY (GROUP) HOLDING LTD., Beijing, China , , CONDOTTE SPA, Rome, Italy , ARABIAN CONSTRUCTION CO., Abu Dhabi, U.A.E , , COMSA EMTE, Barcelona, Catalonia, Spain ,812.6 NA BAUER AG, Schrobenhausen, Bavaria, Germany , SHAPOORJI PALLONJI ENGINEERING & CONSTRUCTION, Dubai, U.A.E , , KAYSON, Tehran, Iran NA SHANGHAI CONSTRUCTION GROUP, Shanghai, China , , GENERAL BUILDING MANUFACTURING POWER WATER SUPPLY SEWER / WASTE INDUS. / PETROLEUM TRANSPORTATION HAZARDOUS WASTE TELECOM 42 ENR August 24/31, 2015 enr.com

11 #99 KAYSON is building its second 10,008-unit housing project in three towns in the Bolivar Republic of Venezuela. RANK FIRM 2014 REVENUE $ MIL. INT'L TOTAL 2014 NEW CONTRACTS $ MIL SHIKUN & BINUI - SBI INFRASTRUCTURE LTD., Airport City, Israel ANSALDO ENERGIA SPA, Genova, Italy TAISEI CORP., Tokyo, Japan , CHINA NATIONAL COMPLETE PLANT IMP. & EXP. CORP., Beijing, China C.M.C. DI RAVENNA SOCIETÀ COOPERATIVA, Ravenna, Emilia Romagna, Italy , PUNJ LLOYD LTD, Gurgaon, Haryana, India ILK CONSTRUCTION, Istanbul, Turkey METKA, Athens, Greece BEIJING CONSTRUCTION ENGINEERING GROUP CO. LTD., Beijing, China , CHINA ZHONGYUAN ENGINEERING CORP., Beijing, China NA YAPI MERKEZI INSAAT VE SANAYI AS, Istanbul, Turkey CHINA CORP. FOR INT L ECO. & TECH. COOP., Nanchang, China , CHINA HENAN INT L COOPERATION GROUP CO. LTD., Zhengzhou, China BONATTI SPA, Parma, Italy WEIHAI INT L ECO. & TECH. COOP. CO. LTD., Weihai, Shandong, China NATA CONSTRUCTION TOURISM TRADE AND INDUSTRY CO., Ankara, Turkey , SSANGYONG ENGINEERING & CONSTRUCTION CO. LTD., Seoul, S. Korea , XPCC CONSTRUCTION & ENGINEERING (GROUP) CO. LTD., Urumqi, China , GHELLA SPA, Rome, Italy CHINA GEO-ENGINEERING CORP., Beijing, China IC ICTAS INSAAT SANAYI VE TICARET AS, Ankara, Turkey , CTCI CORP., Taipei, Taiwan , , YUKSEL INSAAT CO. INC., Ankara, Turkey B.L. HARBERT INTERNATIONAL LLC, Birmingham, Ala., U.S.A ATLAS TEXAS CONSTRUCTION AND TRADING INC., Ankara, Turkey ANHUI CONSTRUCTION ENGINEERING GROUP CO. LTD., Hefei, Anhui, China , SINOPEC ZHONGYUAN PETROLEUM ENGINEERING LTD., Puyang City, China , CHINA PETROLEUM ENGINEERING CO. LTD., Beijing, China , ZHONGMEI ENGINEERING GROUP LTD., Nanchang, Jiangxi, China RIZZANI DE ECCHER SPA, Pozzuolo Del Friuli (UD), Italy , SINOSTEEL EQUIPMENT & ENGINEERING CO. LTD., Beijing, China , CONTRACTING & TRADING CO., Beirut, Lebanon GAMA, Ankara, Turkey ARABTEC CONSTRUCTION LLC, Abu Dhabi, U.A.E , BLACK & VEATCH, Overland Park, Kan., U.S.A , PER AARSLEFF A/S, Aabyhoej, Denmark , CHINA JIANGSU INT L ECON-TECH. COOP. CORP., Nanjing, China , CHINA ENERGY ENG G GRP. TIANJIN ELEC. POWER, Tianjin, China , NUROL CONSTRUCTION AND TRADING CO. INC., Istanbul, Turkey , ELLAKTOR SA, Athens, Greece , SICIM SPA, Busseto (PR), Italy , ZHONGDING INTERNATIONAL ENGINEERING CO. LTD., Nanchang City, China CHINA WANBAO ENGINEERING CORP., Beijing, China THE BABCOCK & WILCOX CO., Charlotte, N.C., U.S.A , LIMAK INSAAT SANAYI VE TICARET AS, Ankara, Turkey ZHEJIANG CONSTRUCTION INVESTMENT GRP. CO. LTD., Hangzhou, China , , JIANGSU ZHONGXIN CONST. GROUP CO. LTD., Qidong, Jiangsu, China , SHENYANG YUANDA ALUMINUM INDUS. ENG G CO. LTD., Shenyang, China , , IMPRESA COSTRUZIONI GIUSEPPE MALTAURO SPA, Vicenza, Italy POSCO ENGINEERING CO., Incheon City, S. Korea GENERAL BUILDING MANUFACTURING POWER WATER SUPPLY SEWER / WASTE INDUS. / PETROLEUM TRANSPORTATION HAZARDOUS WASTE TELECOM enr.com August 24/31, 2015 ENR 43

12 THE TOP 250 INTERNATIONAL CONTRACTORS #140 ELLAKTOR SA s operating unit, AKTOR, is building the $3.4-billion Gold Line Metro in Qatar, which is scheduled for completion in RANK FIRM 2014 REVENUE $ MIL. INT'L TOTAL 2014 NEW CONTRACTS $ MIL 151 ** KUZU GROUP, Istanbul, Turkey CHINA DALIAN INT L ECO. & TECH.COOP GRP. LTD., Dalian, Liaoning, China ANHUI FOREIGN ECONOMIC CONSTRUCTION (GROUP) CO. LTD., Hefei, China CHINA WU YI CO. LTD., Fuzhou, Fujian Prov., China , JIANGSU NANTONG NO.3 CONSTRUCTION GROUP CO. LTD., Haimen, China , ALBERICI CORP., St. Louis, Mo., U.S.A , DIA HOLDING FZCO, Istanbul, Turkey ONUR TAAHHUT TASIMCILIK INSAAT TICARE VE SANAYI AS, Ankara, Turkey KAYI INSAAT SAN VE TIC AS, Istanbul, Turkey PREZIOSO LINJEBYGG, Vienne, France IMPRESA PIZZAROTTI & C. SPA, Parma, Italy , SENER INGENIERIA Y SISTEMAS SA, Las Arenas (Getxo), Vizcaya, Spain LOTTE ENGINEERING & CONSTRUCTION CO. LTD., Seoul, S. Korea , ESER CONTRACTING AND INDUSTRY CO. INC., Ankara, Turkey CHINA HUANQIU CONTRACTING & ENGINEERING CORP., Beijing, China , , WALBRIDGE, Detroit, Mich., U.S.A , GILBANE BUILDING CO., Providence, R.I., U.S.A , ASLAN YAPI VE TICARET AS, Ankara, Turkey NA CENGIZ CONSTRUCTION INDUSTRY & TRADE CO. INC., Istanbul, Turkey ** HAZAMA CORP., Tokyo, Japan , CHINA NONFERROUS METAL INDUS. FOREIGN E & C, Beijing, China , YANTAI INT'L ECON. & TECH. COOP. GROUP CO. LTD., Yantai, China AMEC PLC, Knutsford, Cheshire, U.K ,242.2 NA GRUPO EMPRESARIAL SAN JOSE SA, Madrid, Spain CHINA YUNNAN CONSTRUCTION ENG'G GROUP CO. LTD., Kunming, China , SUNIR CO., Tehran, Iran NA MAPA INSAAT VE TICARET AS, Ankara, Turkey , DAQING OILFIELD CONSTRUCTION CO. LTD., Daqing City, Heilongjiang, China , DOGUS INSAAT VE TICARET AS, Kavacik-Beykoz-Istanbul, Turkey , GRUPO GRANA Y MONTERO (GYM), Lima, Peru , ** CHINA SHANDONG FOREIGN ECO. & TECH. COOP. GRP., Jinan, China NANTONG CONSTRUCTION GROUP CO. LTD., Nantong, Jiangsu, China , BAYBURT GRUP AS, Ankara, Turkey NA ALARKO CONTRACTING GROUP, Kocaeli, Turkey ,318.4 NA TTCL PUBLIC CO. LTD., Bangkok, Thailand DCK WORLDWIDE LLC, Pittsburgh, Pa., U.S.A ECC, Burlingame, Calif., U.S.A AEGION CORP., Chesterfield, Mo., U.S.A NA ** ESTA CONSTRUCTION, Moscow, Russia CAMARGO CORREA, Sao Paulo, SP, Brazil , ** CHINA ALUMINUM INTERNATIONAL ENGINEERING CO. LTD., Beijing, China , STFA CONSTRUCTION GROUP, Istanbul, Turkey ENERGOPROJEKT HOLDING PLC, Belgrade, Serbia CHINA GANSU INT L CORP. FOR ECO. & TECH. COOP., Lanzhou, China YANJIAN GROUP CO. LTD., Yantai City, Shandong, China , ** SHANDONG KERUI PETROLEUM EQUIPMENT CO. LTD., Dongying, China MWH GLOBAL, Broomfield, Colo., U.S.A ** PETROJET, Cairo, Egypt ** COMBINED GROUP CONTRACTING CO., Farwaniya City, Kuwait SUMMA TURIZM YATIRMCILIGI AS, Ankara, Turkey GENERAL BUILDING MANUFACTURING POWER WATER SUPPLY SEWER / WASTE INDUS. / PETROLEUM TRANSPORTATION HAZARDOUS WASTE TELECOM 44 ENR August 24/31, 2015 enr.com

13 THE TOP 250 INTERNATIONAL CONTRACTORS #189 ESTA CONSTRUCTION is building a 35,000-seat arena in Krasnodar, Russia. It will include one of the world s largest LED-screen scoreboards. RANK FIRM 2014 REVENUE $ MIL. INT'L TOTAL 2014 NEW CONTRACTS $ MIL NATIONAL PETROLEUM CONSTRUCTION CO. (NPCC), Abu Dhabi, U.A.E ,151.0 NA KINDEN CORP., Tokyo, Japan , SUMITOMO MITSUI CONSTRUCTION CO. LTD., Tokyo, Japan , STRUCTURE TONE, New York, N.Y., U.S.A , YENIGUN CONSTRUCTION INDUSTRY AND COMMERCE INC., Ankara, Turkey BEIJING URBAN CONSTRUCTION GROUP CO. LTD., Beijing, China , CADDELL CONSTRUCTION CO. (DE) LLC, Montgomery, Ala., U.S.A GULERMAK, Ankara, Golbasi, Turkey NA KONTEK CONSTRUCTION INC., Istanbul, Turkey NA CHONGQING INT L CONSTRUCTION CORP., Chongqing, China THE WALSH GROUP LTD., Chicago, Ill., U.S.A , SINOPEC OILFIELD SERVICE SHENGLI CORP., Dongying, Shandong, China , ** PT REKAYASA INDUSTRI, INDONESIA, Jakarta, Indonesia RASEN CONSTRUCTION & INVESTMENT, Istanbul, Marmara, Turkey RAILWORKS CORP., New York, N.Y., U.S.A CEIEC, Beijing, China NA KEPCO ENGINEERING & CONSTRUCTION CO. LTD., Yongin-si, S. Korea ** TUTOR PERINI CORP., Sylmar, Calif., U.S.A , ** MICHELS CORP., Brownsville, Wis., U.S.A , TODA CORP., Tokyo, Japan , CHINA SHENYANG INT'L. ECO. & TECH COOP. CORP., Shenyang, Liaoning, China NANTONG LIUJIAN CONSTRUCTION GROUP CO. LTD., Rugao, China ,520.5 NA GURBAG GROUP, Ankara, Turkey ** SHANDONG TIANTAI CONSTRUCTION CO. LTD., Zibo, Huntai, China GREAT LAKES DREDGE & DOCK CORP., Oak Brook, Ill., U.S.A ENGINEERING FOR THE PETROLEUM & PROCESS INDUSTRIES, Cairo, Egypt IRCON INTERNATIONAL LTD., New Delhi, India NA BEIJING UNI-CONSTRUCTION GROUP CO. LTD., Beijing, China , AE ARMA-ELEKTROPANC, Istanbul, Turkey LOTUS MUTEAHHITLIK AS, Cankaya/Ankara, Turkey NA ** AMERICAN BRIDGE CO., Coraopolis, Pa., U.S.A ** DORCE PREFAB. BUILDING & CONSTR. INDUS. TRADE, Ankara, Turkey ZAFER TAAHHUT INSAAT VE TICARET AS, Ankara, Turkey ** CHINA POWER ENGINEERING CONSLTG. GROUP CO. LTD., Beijing, China , , ** GRANDI LAVORI FINCOSIT SPA, Rome, Italy METAG INSAAT TICARET AS, Ankara, Turkey MORTENSON CONSTRUCTION, Minneapolis, Minn., U.S.A , ** STELLAR, Jacksonville, Fla., U.S.A ** MAEDA CORP., Tokyo, Japan , KOLIN INSAAT TURIZM SAN TIC. AS, Ankara, Turkey NA SALFACORP, Santiago, Región Metropolitana, Chile , ** PREKONS CONSTRUCTION IND. CO. INC., Ankara, Turkey ** ELECTRA, Ramat Gan, Israel , KHARAFI NATIONAL KSCC, Safat, Kuwait , ** GOLDER ASSOCIATES, Mississauga, Ontario, Canada ** LANE INDUSTRIES INC., Cheshire, Conn., U.S.A , LAYNE CHRISTENSEN CO., The Woodlands, Texas, U.S.A TEPE INSAAT SANAYI AS, Ankara, Turkey ** WEEKS MARINE INC., Cranford, N.J., U.S.A ** MATRIX SERVICE CO., Tulsa, Okla., U.S.A ,390.4 NA GENERAL BUILDING MANUFACTURING POWER WATER SUPPLY SEWER / WASTE INDUS. / PETROLEUM TRANSPORTATION HAZARDOUS WASTE TELECOM enr.com August 24/31, 2015 ENR 47

14 THE TOP 250 INTERNATIONAL CONTRACTORS DIRECTORY Where to find the Top 250 FIRM RANK FIRM RANK FIRM RANK FIRM RANK A Abeinsa SA 20 ACCIONA Infraestructuras SA 61 1 AE Arma-Elektropanc 229 AECOM 67 Aegion Corp. 188 Alarko Contracting Group 184 Alberici Corp. 156 AMEC plc 173 American Bridge Co. 231 Andrade Gutierrez Engenharia SA 83 Anhui Construction Engineering Group Co. Ltd. 126 Anhui Foreign Economic Construction (Group) Co. Ltd. 153 Ansaldo Energia SpA 102 Ant Yapi Construction, Industry & Trade Co. Ltd. 92 The Arab Contractors Co. 85 Arabian Construction Co. 95 Arabtec Construction LLC 134 Aslan Yapi ve Ticaret AS 168 Astaldi SpA 55 Atlas Texas Construction and Trading Inc. 125 B The Babcock & Wilcox Co. 144 BAUER AG 97 Bayburt Grup AS 183 Bechtel 3 Beijing Construction Engineering Group Co. Ltd. 109 Beijing Uni-Construction Group Co. Ltd. 228 Beijing Urban Construction Group Co. Ltd. 206 BESIX SA 73 Black & Veatch 135 Bonatti SpA C C.M.C. di Ravenna Societ Cooperativa 105 Caddell Construction Co. (DE) LLC 207 Calik Enerji Saanayi ve Ticaret AS 89 Camargo Correa CEIEC 216 Cengiz Construction Industry & Trade Co. Inc. 169 CGCOC Group Co. Ltd. 86 China Aluminum International Engineering Co. Ltd. 191 China Civil Engineering Construction Corp China Dalian Int l Eco. & Tech.Coop Grp. Ltd. 152 China Energy Eng g Grp. Tianjin Electric Power Constr. Co. 138 China Gansu Int l Corp. for Eco. & Techn. Cooperation 194 China General Technology (Group) Holding Ltd. 93 China Geo-Engineering Corp China Henan Int l Cooperation Group Co. Ltd. 113 China HuanQiu Contracting & Engineering Corp. 165 China Int l Water & Electric Corp. 74 China Jiangsu Int l Econ-Tech. Coop. Corp. 137 China Jiangxi Corp. for Int l Eco. & Tech. Coop n China National Chemical Engineering Group Corp. 76 China National Complete Plant Imp. & Exp. Corp. (Group) 104 China Nat l Machinery Industry Corp. 27 China Nonferrous Metal Ind. s Foreign Engeering & Constr. Co. Ltd. 171 China Petroleum Engineering & Const. (Group) Corp. 66 China Petroleum Engineering Co. Ltd. 128 China Petroleum Pipeline Bureau (CPP) 64 China Power Engineering Consltg. Group Co. Ltd China Shandong Foreign Eco. & Techn. Cooperation Grp 181 China Shenyang Int. Eco. & Tech Coop. Corp. 221 China State Construction Eng g Corp. Ltd. 17 China Wanbao Engineering Corp. 143 China Wu Yi Co. Ltd. 154 China Yunnan Construction Engineering Group Co. Ltd. 175 China Zhongyuan Engineering Corp. 110 Chiyoda Corp. 39 Chongqing Int l Construction Corp. 210 CIMIC Group Ltd. 29 CITIC Construction Co. Ltd. 52 Combined Group Contracting Co. 199 COMSA EMTE 96 Condotte SpA 94 Consolidated Contractors Group 22 Construtora Norberto Odebrecht SA 13 Contracting & Trading Co. 132 CTCI Corp. 122 D Daelim Industrial Co. Ltd. 34 Daewoo Engineering & Construction Co. Ltd Daqing Oilfield Construction Co. Ltd. 178 dck Worldwide LLC 186 Jan De Nul Group 46 Dia Holding FZCO 157 Dogus Insaat ve Ticaret AS 179 Dongfang Electric Corp. 72 Dorce Prefabricated Building and Construction Industry Trade Inc. 232 E ECC Electra 243 Ellaktor SA 140 Energoprojekt Holding plc 193 Engineering for the Petroleum & Process Industries (Enppi) 226 Enka Construction & Industry Co. Inc. 65 Eser Contracting and Industry Co. Inc. 164 ESTA Construction 189 F Ferrovial G GAMA 133 Ghella SpA 119 Gilbane Building Co. 167 Golder Associates 245 Grandi Lavori Fincosit SpA 235 Great Lakes Dredge & Dock Corp. 225 Grupo Empresarial San Jose SA 174 Grupo Grana y Montero (GyM) 180 GS Engineering & Construction 26 Gulermak 208 Gurbag Group 223 H Hanwha Engineering & Construction Corp. 78 B.L. Harbert International LLC 124 Hazama Corp I IC Ictas Insaat Sanayi ve Ticaret AS 121 Ilk Construction 107 Impresa Costruzioni Giuseppe Maltauro SpA 149 Impresa Pizzarotti & C. SpA 161 Ircon International Ltd. 227 Isolux Corsan 63 J 51 JGC Corp. 28 Jiangsu Nantong Liujian Construction Group Co. Ltd. 222 Jiangsu Nantong No.3 Construction Group Co. Ltd. 155 Jiangsu Zhongxin Const. Group Co. Ltd. 147 Joannou & Paraskevaides Group of Cos. 79 K Kajima Corp. 53 Kayi Insaat San Ve Tic AS 159 Kayson 99 KBR 45 KEPCO Engineering & Construction Co. Ltd. 217 Kharafi National KSCC 244 Kiewit Corp. 36 Kinden Corp. 202 Kolin Insaat Turizm San Tic. AS 240 Kontek Construction Inc. 209 Kuzu Group 151 L Lane Industries Inc. 246 Larsen & Toubro Ltd. 57 Layne Christensen Co. 247 Lend Lease 33 Limak Insaat Sanayi ve Ticaret AS 145 Lotte Engineering & Construction Co. Ltd. 163 Lotus Muteahhitlik AS 230 M M+W Group 48 Maeda Corp. 239 Maire Tecnimont 80 Mapa Insaat ve Ticaret AS 177 Matrix Service Co. 250 McConnell Dowell Corp. Ltd. 38 Metag Insaat Ticaret AS 236 Metka 108 Michels Corp. 219 Mortenson Construction 237 Mota-Engil 54 MWH Global 197 N Nantong Construction Group Co. Ltd. 182 Nata Construction Tourism Trade and Industry Co. 116 National Petroleum Construction Co. (NPCC) 201 Nurol Construction and Trading Co. Inc. 139 O Obayashi Corp. 35 OHL 31 Onur Taahhut Tasimcilik Insaat Ticare ve Sanayi AS 158 Orascom Construction Ltd. 40 Ozturk Holding Co. 18 P PCL Construction Enterprises Inc. 25 Penta-Ocean Construction Co. Ltd. 87 Per Aarsleff A/S 136 Petrofac Ltd. 21 PETROJET 198 Polimeks Insaat Taahhut ve San. Tic. AS 62 PORR AG 70 POSCO Engineering & Construction(Strategic Planning Dept.) 59 POSCO Engineering Co Prekons Construction Ind. Co. Inc. 242 PREZIOSO Linjebygg 160 PT Rekayasa Industri, Indonesia 213 Punj Lloyd Ltd. 106 Q Qingjian Group Co. Ltd. 81 R RailWorks Corp. 215 Rasen Construction & Investment 214 Renaissance Construction 37 Rizzani de Eccher SpA 130 Royal BAM Group nv 19 S Sacyr SalfaCorp 241 SpA 30 Samsung C&T Corp. 16 Sener Ingenieria y Sistemas SA 162 Shandong Kerui Petroleum Equipment Co. Ltd. 196 Shandong Tiantai Construction Co. Ltd. 224 Shanghai Construction Group 100 Shanghai Electric Group Co. Ltd. 91 Shapoorji Pallonji Engineering & Construction 98 Shenyang Yuanda Aluminum Indus. Eng g Co. Ltd. 148 Shikun & Binui - SBI Infrastructure Ltd. 101 Shimizu Corp. 75 SICIM SpA 141 Sinopec Engineering (Group) Co. Ltd. 84 Sinopec Oilfield Service Shengli Corp. 212 Sinopec Zhongyuan Petroleum Engineering Ltd. 127 Sinosteel Equipment & Engineering Co. Ltd. 131 SK Engineering & Construction 42 Skanska AB 8 68 Ssangyong Engineering & Construction Co. Ltd. 117 Stellar 238 STFA Construction Group Structure Tone 204 Sumitomo Mitsui Construction Co. Ltd. 203 Summa Turizm Yatirmciligi AS 200 SUNIR Co. 176 T Taisei Corp. 103 Takenaka Corp. 77 TAV Construction 82 6 Tecnicas Reunidas 32 Tekfen Construction & Installation Co. Inc. 90 Tepe Insaat Sanayi AS 248 Toda Corp. 220 Toyo Engineering Corp. 60 TTCL Public Co. Ltd. 185 Tutor Perini Corp. 218 V 69 4 W Walbridge 166 The Walsh Group Ltd. 211 Weeks Marine Inc. 249 Weihai Int l Eco. & Tech. Coop. Co. Ltd. 115 WorleyParsons 56 X XPCC Construction & Engineering (Group) Co. Ltd. 118 Y Yanjian Group Co. Ltd. 195 Yantai International Eco. & Techn. Cooperation Grp. Co. Ltd. 172 Yapi Merkezi Insaat ve Sanayi AS 111 Yenigun Construction Industry and Commerce Inc. 205 Yuksel Insaat Co. Inc. 123 Z Zafer Taahhut Insaat ve Ticaret AS 233 Zhejiang Construction Investment Grp. Co. Ltd. 146 ZhongDing International Engineering Co. Ltd. 142 Zhongmei Engineering Group Ltd. 129 Ed. Züblin AG ENR August 24/31, 2015 enr.com

15 THE TOP 250 GLOBAL CONTRACTORS The Top 250 List RANK FIRM 2014 REVENUE $ MIL. TOTAL INT'L 2014 NEW CONTRACTS $ MIL 1 3 CHINA RAILWAY GROUP LTD., Beijing, China 113, , , CHINA STATE CONSTRUCTION ENG G CORP. LTD., Beijing, China 110, ,239.1 NA CHINA RAILWAY CONSTRUCTION CORP. LTD., Beijing, China 97, , , CHINA COMMUNICATIONS CONSTRUCTION GRP. LTD., Beijing, China 60, , , , Rueil-Malmaison, France 51, , , ACS, ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA, Madrid, Spain 46, , , POWER CONSTRUCTION CORP. OF CHINA, Beijing, China 38, , , , Paris, France 32, , , HOCHTIEF AKTIENGESELLSCHAFT, Essen, Germany 31, , , CHINA METALLURGICAL GROUP CORP., Beijing, China 30, , , BECHTEL, San Francisco, Calif., U.S.A. 28, , , SHANGHAI CONSTRUCTION GROUP, Shanghai, China 26, , CIMIC GROUP LTD., St. Leonards, NSW, Australia 18, , , SKANSKA AB, Stockholm, Sweden 17, , , FLUOR CORP., Irving, Texas, U.S.A. 16, , , , Vienna, Austria 16, , , HYUNDAI ENGINEERING & CONSTRUCTION CO. LTD., Seoul, S. Korea 16, , , OBAYASHI CORP., Tokyo, Japan 14, , , , Vélizy-Villacoublay, France 14, , , , Paris, France 14, , , SAMSUNG C&T CORP., Seoul, S. Korea 14, , , CONSTRUTORA NORBERTO ODEBRECHT SA, Sao Paulo, SP, Brazil 14, , , SAIPEM, San Donato Milanese, Italy 13, ,623.4 NA KAJIMA CORP., Tokyo, Japan 12, , , SHIMIZU CORP., Chuo-ku, Japan 11, , , TAISEI CORP., Tokyo, Japan 11, , FERROVIAL, Madrid, Spain 11, , , LARSEN & TOUBRO LTD., Mumbai, Maharashtra, India 11, , , CHINA NATIONAL CHEMICAL ENG G GROUP CORP., Beijing, China 10, , , , The Woodlands, Texas, U.S.A. 10, , , KIEWIT CORP., Omaha, Neb., U.S.A. 10, , , ROYAL BAM GROUP NV, Bunnik, The Netherlands 9, ,165.0 NA CHINA GEZHOUBA GROUP CO. LTD., Wuhan, Hubei, China 9, , , ZHEJIANG CONSTR. INVESTMENT GRP. CO. LTD., Hangzhou, China 9, , LEND LEASE, Millers Point, NSW, Australia 9, , , DAEWOO ENGINEERING & CONSTRUCTION CO. LTD., Seoul, S. Korea 8, , , TAKENAKA CORP., Osaka, Japan 8, , , GS ENGINEERING & CONSTRUCTION, Seoul, S. Korea 8, , , POSCO ENGINEERING & CONSTRUCTION, Incheon, S. Korea 8, , , SINOPEC ENGINEERING (GROUP) CO. LTD., Beijing, China 8, , , BEIJING URBAN CONSTRUCTION GROUP CO. LTD., Beijing, China 7, , ANHUI CONSTRUCTION ENGINEERING GROUP CO. LTD., Hefei, China 7, , QINGJIAN GROUP CO. LTD., Qingdao, Shandong, China 7, , , BEIJING CONSTRUCTION ENGINEERING GROUP CO. LTD., Beijing, China 7, , CHINA YUNNAN CONSTRUCTION ENG G GROUP CO., Kunming, China 7, , SK ENGINEERING & CONSTRUCTION, Seoul, S. Korea 7, , , PCL CONSTRUCTION ENTERPRISES INC., Denver, Colo., U.S.A. 7, , , JIANGSU NANTONG NO.3 CONSTRUCTION GROUP CO., Haimen, China 7, , ** AECOM, Los Angeles, Calif., U.S.A. 7, , , ** OZTURK HOLDING CO., Istanbul, Turkey 7, , , GENERAL BUILDING MANUFACTURING POWER WATER SUPPLY SEWER / WASTE INDUS. / PETROLEUM TRANSPORTATION HAZARDOUS WASTE TELECOM enr.com August 24/31, 2015 ENR 51

16 THE TOP 250 GLOBAL CONTRACTORS #01 CHINA RAILWAY GROUP LTD. and No. 2 China State Construction Eng'g Corp. Ltd. are the first contractors to top $100 billion in revenue. RANK FIRM 2014 REVENUE $ MIL. TOTAL INT'L 2014 NEW CONTRACTS $ MIL DONGFANG ELECTRIC CORP., Chengdu, Sichuan, China 7, , , DAELIM INDUSTRIAL CO. LTD., Seoul, S. Korea 6, , , THE WHITING-TURNER CONTRACTING CO., Baltimore, Md., U.S.A. 6, , ABEINSA SA, Seville, Spain 6, , , CHINA NAT L MACHINERY INDUSTRY CORP., Beijing, China 5, , , OHL, Madrid, Spain 5, , , JGC CORP., Yokohama, Japan 5, , , PETROFAC LTD., Jersey, Channel Islands, U.K. 5, , , CONSOLIDATED CONTRACTORS GROUP, Athens, Greece 5, , , MCCONNELL DOWELL CORP. LTD., Hawthorn West, VIC, Australia 5, , , JACOBS, Pasadena, Calif., U.S.A. 5, , , SALINI IMPREGILO SPA, Milan, Italy 5, , , BALFOUR BEATTY US, Dallas, Texas, U.S.A. 4, , KBR, Houston, Texas, U.S.A. 4, ,747.0 NA CHINA PETROLEUM PIPELINE BUREAU (CPP), Langfang City, China 4, , , THE WALSH GROUP LTD., Chicago, Ill., U.S.A. 4, , CHINA GENERAL TECHNOLOGY (GROUP) HOLDING LTD., Beijing, China 4, , JIANGSU NANTONG LIUJIAN CONSTRUCTION GROUP CO., Rugaou, China 4, NA TUTOR PERINI CORP., Sylmar, Calif., U.S.A. 4, , ** STROYGAZMONTAZH, Moscow, Russia 4, , LOTTE ENGINEERING & CONSTRUCTION CO. LTD., Seoul, S. Korea 4, , PORR AG, Vienna, Austria 4, , , CLARK CONSTRUCTION GROUP, Bethesda, Md., U.S.A. 4, , KINDEN CORP., Tokyo, Japan 4, , ED. ZÜBLIN AG, Stuttgart, Baden-Württemberg, Germany 4, ,061.2 NA TECNICAS REUNIDAS, Madrid, Spain 3, , , CHIYODA CORP., Yokohama, Kanagawa Pref., Japan 3, , , GILBANE BUILDING CO., Providence, R.I., U.S.A. 3, , XPCC CONSTRUCTION & ENGINEERING (GROUP) CO., Urumqi, China 3, , STRUCTURE TONE, New York, N.Y., U.S.A. 3, , ACCIONA INFRAESTRUCTURAS SA, Madrid, Spain 3, , , SNC-LAVALIN INTERNATIONAL INC., Montreal, Quebec, Canada 3, , , RENAISSANCE CONSTRUCTION, Ankara, Turkey 3, , , TODA CORP., Tokyo, Japan 3, , ASTALDI SPA, Rome, Italy 3, , , MOTA-ENGIL, Porto, Portugal 3, , , ANDRADE GUTIERREZ ENGENHARIA SA, Rio de Janeiro, Brazil 3, , , CHINA PETROLEUM ENG G & CONST. (GROUP) CORP., Beijing, China 3, , , PENTA-OCEAN CONSTRUCTION CO. LTD., Tokyo, Japan 3, , , ** ELLISDON CORP., Mississauga, Ontario, Canada 3, , SACYR, Madrid, Spain 3, , , HANWHA ENGINEERING & CONSTRUCTION CORP., Seoul, S. Korea 3, , , CHINA CIVIL ENGINEERING CONSTRUCTION CORP., Beijing, China 3, , , MORTENSON CONSTRUCTION, Minneapolis, Minn., U.S.A. 3, , ORASCOM CONSTRUCTION LTD., Cairo, Egypt 2, , , M+W GROUP, Stuttgart, Germany 2, , , DANIELI & C. OM SPA, Buttrio (UD), Italy 2, , , JIANGSU ZHONGXIN CONST. GROUP CO. LTD., Qidong, Jiangsu, China 2, , ** HAZAMA CORP., Tokyo, Japan 2, , HYUNDAI DEVELOPMENT CO., Seoul, S. Korea 2, , GENERAL BUILDING MANUFACTURING POWER WATER SUPPLY SEWER / WASTE INDUS. / PETROLEUM TRANSPORTATION HAZARDOUS WASTE TELECOM 52 ENR August 24/31, 2015 enr.com

17 #7 POWER CONSTRUCTION CORP. OF CHINA consolidated its previously ranked subsidiaries revenue into a single entity for this year s list. RANK FIRM 2014 REVENUE $ MIL. TOTAL INT'L 2014 NEW CONTRACTS $ MIL SINOPEC OILFIELD SERVICE SHENGLI CORP., Dongying, China 2, SHAPOORJI PALLONJI ENGINEERING & CONSTRUCTION, Dubai, U.A.E. 2, , ** MAEDA CORP., Tokyo, Japan 2, , ** JAN DE NUL GROUP, Capellen, Luxembourg 2, , , MCCARTHY HOLDINGS INC., St. Louis, Mo., U.S.A. 2, , WORLEYPARSONS, North Sydney, NSW, Australia 2, , DPR CONSTRUCTION, Redwood City, Calif., U.S.A. 2, , BESIX SA, Brussels, Belgium 2, , , JE DUNN CONSTRUCTION GROUP, Kansas City, Mo., U.S.A. 2, , CITIC CONSTRUCTION CO. LTD., Beijing, China 2, , ISOLUX CORSAN, Madrid, Spain 2, , , TOYO ENGINEERING CORP., Narashino, Chiba, Japan 2, , , VAN OORD, Rotterdam, The Netherlands 2, ,710.6 NA HENSEL PHELPS, Greeley, Colo., U.S.A. 2, , TURNER INDUSTRIES GROUP LLC, Baton Rouge, La., U.S.A. 2, CAMARGO CORREA, Sao Paulo, SP, Brazil 2, THE YATES COS. INC., Philadelphia, Miss., U.S.A. 2, , CHINA HUANQIU CONTRACTING & ENG G CORP., Beijing, China 2, , THE ARAB CONTRACTORS CO., Cairo, Egypt 2, , , SUMITOMO MITSUI CONSTRUCTION CO. LTD., Tokyo, Japan 2, , DAQING OILFIELD CONSTRUCTION CO. LTD., Daqing City, China 2, , NANTONG CONSTRUCTION GROUP CO. LTD., Nantong, Jiangsu, China 2, , GRANITE CONSTRUCTION INC., Watsonville, Calif., U.S.A. 2, CHINA POWER ENGINEERING CONSLTG. GROUP CO., Beijing, China 2, , ARABTEC CONSTRUCTION LLC, Abu Dhabi, U.A.E. 2, , POLIMEKS INSAAT TAAHHUT VE SAN. TIC. AS, Istanbul, Turkey 2, , , BRASFIELD & GORRIE LLC, Birmingham, Ala., U.S.A. 2, , ENKA CONSTRUCTION & INDUSTRY CO. INC., Istanbul, Turkey 2, , , CHINA PETROLEUM ENGINEERING CO. LTD., Beijing, China 2, , PRIMORIS SERVICES CORP., Lake Forest, Calif., U.S.A.. 2, , ZACHRY GROUP, San Antonio, Texas, U.S.A. 2, , DAVID E. HARVEY BUILDERS INC., Houston, Texas, U.S.A. 2, , SUFFOLK CONSTRUCTION CO., Boston, Mass., U.S.A. 2, , ** CHINA ALUMINUM INTERNATIONAL ENG G CO. LTD., Beijing, China 1, , URBACON TRADING & CONTRACTING LLC, Doha, Qatar 1, , MICHELS CORP., Brownsville, Wis., U.S.A. 1, , SWINERTON INC., San Francisco, Calif., U.S.A. 1, , CHINA WU YI CO. LTD., Fuzhou, Fujian Prov., China 1, , ELLAKTOR SA, Athens, Greece 1, , AUSTIN INDUSTRIES, Dallas, Texas, U.S.A. 1, COMSA EMTE, Barcelona, Catalonia, Spain 1, NA POMERLEAU, St. Georges, Quebec, Canada 1, , CHINA JIANGSU INT L ECON-TECH. COOP. CORP., Nanjing, China 1, , HOLDER CONSTRUCTION CO., Atlanta, Ga., U.S.A. 1, , SINOPEC ZHONGYUAN PETROLEUM ENG G LTD., Puyang City, China 1, , YANJIAN GROUP CO. LTD., Yantai City, Shandong, China 1, , GRUPO GRANA Y MONTERO (GYM), Lima, Peru 1, , CTCI CORP., Taipei, Taiwan 1, , MAIRE TECNIMONT, Milan, Italy 1, , , HOFFMAN CORP., Portland, Ore., U.S.A. 1, NA GENERAL BUILDING MANUFACTURING POWER WATER SUPPLY SEWER / WASTE INDUS. / PETROLEUM TRANSPORTATION HAZARDOUS WASTE TELECOM enr.com August 24/31, 2015 ENR 53

18 THE TOP 250 GLOBAL CONTRACTORS #53 THE WHITING-TURNER CONTRACTING CO. is the largest firm on the global list this year with no international revenue. RANK FIRM 2014 REVENUE $ MIL. TOTAL INT'L 2014 NEW CONTRACTS $ MIL 151 ** BEIJING UNI-CONSTRUCTION GROUP CO. LTD., Beijing, China 1, CHINA INT L WATER & ELECTRIC CORP., Beijing, China 1, , , CONDOTTE SPA, Rome, Italy 1, , SHANGHAI ELECTRIC GROUP CO. LTD., Shanghai, China 1, WALBRIDGE, Detroit, Mich., U.S.A. 1, , IMPRESA PIZZAROTTI & C. SPA, Parma, Italy 1, BLACK & VEATCH, Overland Park, Kan., U.S.A. 1, , SINOSTEEL EQUIPMENT & ENGINEERING CO. LTD., Beijing, China 1, , TAV CONSTRUCTION, Istanbul, Turkey 1, , PER AARSLEFF A/S, Aabyhoej, Denmark 1, , LANE INDUSTRIES INC., Cheshire, Conn., U.S.A. 1, , SALFACORP, Santiago, Región Metropolitana, Chile 1, BARTON MALOW CO., Southfield, Mich., U.S.A. 1, , BI GROUP, Astana, Akmola, Kazakhstan 1, , MATRIX SERVICE CO., Tulsa, Okla., U.S.A. 1, NA JOANNOU & PARASKEVAIDES GROUP, Guernsey, Channel Islands, U.K. 1, , , DAY & ZIMMERMANN, Philadelphia, Pa., U.S.A. 1, , IC ICTAS INSAAT SANAYI VE TICARET AS, Ankara, Turkey 1, TEKFEN CONSTRUCTION & INSTALLATION CO. INC., Istanbul, Turkey 1, ALARKO CONTRACTING GROUP, Kocaeli, Turkey 1, NA KUMHO INDUSTRIAL, Seoul, S. Korea 1, C.M.C. DI RAVENNA SOCIETÀ COOPERATIVA, Ravenna,Italy 1, , SSANGYONG ENGINEERING & CONSTRUCTION CO. LTD., Seoul, S. Korea 1, PERFORMANCE CONTRACTORS INC., Baton Rouge, La., U.S.A. 1, , AMEC PLC, Knutsford, Cheshire, U.K. 1, ** ELECTRA, Ramat Gan, Israel 1, MANHATTAN CONSTRUCTION GROUP, Tulsa, Okla., U.S.A. 1, , DEVCON CONSTRUCTION INC., Milpitas, Calif., U.S.A. 1, BAUER AG, Schrobenhausen, Bavaria, Germany 1, , NUROL CONSTRUCTION AND TRADING CO. INC., Istanbul, Turkey 1, , NATIONAL PETROLEUM CONSTRUCTION CO. (NPCC), Abu Dhabi, U.A.E. 1, , CLAYCO INC., Chicago, Ill., U.S.A. 1, , KHARAFI NATIONAL KSCC, Safat, Kuwait 1, HANJIN HEAVY INDUSTRIES & CONSTR. CO. LTD., Seoul, S. Korea 1, CGCOC GROUP CO. LTD., Beijing, China 1, , , ALBERICI CORP., St. Louis, Mo., U.S.A. 1, , PLAZA CONSTRUCTION, New York, N.Y., U.S.A. 1, ** POWER CONSTRUCTION CO., Chicago, Ill., U.S.A. 1, AMES CONSTRUCTION INC., Burnsville, Minn., U.S.A. 1, SHENYANG YUANDA ALUMINUM INDUS. ENG G CO., Shenyang, China 1, , ANT YAPI CONSTRUCTION, INDUSTRY & TRADE CO., Istanbul, Turkey 1, , ARABIAN CONSTRUCTION CO., Abu Dhabi, U.A.E. 1, , CHINA ENERGY ENG G GRP. TIANJIN ELEC. POWER CONSTR., Tianjin, China 1, , MESSER CONSTRUCTION CO., Cincinnati, Ohio, U.S.A. 1, RYAN COS. US INC., Minneapolis, Minn., U.S.A. 1, THE BABCOCK & WILCOX CO., Charlotte, N.C., U.S.A. 1, , ** CALIK ENERJI SAANAYI VE TICARET AS, Ankara, Turkey 1, , BURNS & MCDONNELL, Kansas City, Mo., U.S.A. 1, NA NATA CONSTRUCTION TOURISM TRADE & INDUSTRY CO., Ankara, Turkey 1, AEGION CORP., Chesterfield, Mo., U.S.A NA GENERAL BUILDING MANUFACTURING POWER WATER SUPPLY SEWER / WASTE INDUS. / PETROLEUM TRANSPORTATION HAZARDOUS WASTE TELECOM enr.com August 24/31, 2015 ENR 55

19 THE TOP 250 GLOBAL CONTRACTORS #91 SACYR acquired 50% of Fluor SA, s Spanish subsidiary, which will now operate under the name SacyrFluor. RANK FIRM 2014 REVENUE $ MIL. TOTAL INT'L 2014 NEW CONTRACTS $ MIL PUNJ LLOYD LTD., Gurgaon, Haryana, India , SHAWMUT DESIGN AND CONSTRUCTION, Boston, Mass., U.S.A HITT CONTRACTING INC., Falls Church, Va., U.S.A , ** PT REKAYASA INDUSTRI, INDONESIA, Jakarta, Indonesia POSCO ENGINEERING CO., Incheon City, S. Korea , ** GREAT LAKES DREDGE & DOCK CORP., Oak Brook, Ill., U.S.A KAYSON, Tehran, Iran , ** BILFINGER INDUSTRIAL SERVICES NO. AMERICA, Houston, Texas, U.S.A BONATTI SPA, Parma, Italy KOKOSING INC., Westerville, Ohio, U.S.A , THE BOLDT CO., Appleton, Wis., U.S.A , CONSIGLI CONSTRUCTION CO. INC., Milford, Mass., U.S.A , FLINTCO LLC, Tulsa, Okla., U.S.A PEPPER CONSTRUCTION GROUP, Chicago, Ill., U.S.A , CHINA GEO-ENGINEERING CORP., Beijing, China , ** COASTAL CONSTRUCTION GROUP, Miami, Fla., U.S.A , ** MAKYOL CONSTR. IND. TOURISM & TRADING CO., Istanbul, Turkey PJ DICK-TRUMBULL-LINDY PAVING, Pittsburgh, Pa., U.S.A SUNDT CONSTRUCTION INC., Tempe, Ariz., U.S.A , ** LAYTON CONSTRUCTION CO. INC., Sandy, Utah, U.S.A ** ADOLFSON & PETERSON CONSTRUCTION, Minneapolis, Minn., U.S.A B.L. HARBERT INTERNATIONAL LLC, Birmingham, Ala., U.S.A YAPI MERKEZI INSAAT VE SANAYI AS, Istanbul, Turkey LAYNE CHRISTENSEN CO., The Woodlands, Texas, U.S.A LIMAK INSAAT SANAYI VE TICARET AS, Ankara, Turkey DCK WORLDWIDE LLC, Pittsburgh, Pa., U.S.A CENGIZ CONSTRUCTION INDUSTRY & TRADE CO. INC., Istanbul, Turkey ** CROSSLAND CONSTRUCTION CO. INC., Columbus, Kan., U.S.A NA GHELLA SPA, Rome, Italy ** AVALONBAY COMMUNITIES INC., Arlington, Va., U.S.A RIZZANI DE ECCHER SPA, Pozzuolo Del Friuli (UD), Italy , ** ARCO CONSTRUCTION COS., St. Louis, Mo., U.S.A HUNTER ROBERTS CONSTRUCTION GROUP, New York, N.Y., U.S.A , ** THE BECK GROUP, Dallas, Texas, U.S.A GRANDI LAVORI FINCOSIT SPA, Rome, Italy ** PETROJET, Cairo, Egypt ** THE MCSHANE COS., Rosemont, Ill., U.S.A SHIKUN & BINUI - SBI INFRASTRUCTURE LTD., Airport City, Israel ** CHINA JIANGXI CORP. FOR INT L ECO. & TECH. COOP., Nanchang, China , ROBINS & MORTON, Birmingham, Ala., U.S.A , ANSALDO ENERGIA SPA, Genova, Italy ** CHOATE CONSTRUCTION CO., Atlanta, Ga., U.S.A PARSONS, Pasadena, Calif., U.S.A METKA, Athens, Greece ** DUKE CONSTRUCTION, Indianapolis, Ind., U.S.A ** GAMA, Ankara, Turkey , KOLIN INSAAT TURIZM SAN TIC. AS, Ankara, Turkey ** CHONGQING INT L CONSTRUCTION CORP., Chongqing, China RAILWORKS CORP., New York, N.Y., U.S.A ** GRAY CONSTRUCTION, Lexington, Ky., U.S.A GENERAL BUILDING MANUFACTURING POWER WATER SUPPLY SEWER / WASTE INDUS. / PETROLEUM TRANSPORTATION HAZARDOUS WASTE TELECOM 56 ENR August 24/31, 2015 enr.com

20 THE TOP 250 GLOBAL CONTRACTORS DIRECTORY Where to find the Top 250 FIRM RANK FIRM RANK FIRM RANK FIRM RANK A Abeinsa SA 54 ACCIONA Infraestructuras SA 81 ACS, Actividades de Construccion y Servicios SA 6 Adolfson & Peterson Construction 221 AECOM 49 Aegion Corp. 200 Alarko Contracting Group 170 Alberici Corp. 186 AMEC plc 175 Ames Construction Inc. 189 Andrade Gutierrez Engenharia SA 87 Anhui Construction Engineering Group Co. Ltd. 42 Ansaldo Energia SpA 241 Ant Yapi Construction, Industry & Trade Co. Ltd. 191 The Arab Contractors Co. 119 Arabian Construction Co. 192 Arabtec Construction LLC 125 ARCO Construction Cos. 232 Astaldi SpA 85 Austin Industries 140 AvalonBay Communities Inc. 230 B The Babcock & Wilcox Co. 196 Balfour Beatty US 63 Barton Malow Co. 163 BAUER AG 179 Bechtel 11 The Beck Group 234 Beijing Construction Engineering Group Co. Ltd. 44 Beijing Uni-Construction Group Co. Ltd. 151 Beijing Urban Construction Group Co. Ltd. 41 BESIX SA 108 BI Group 164 Bilfinger Industrial Services North America 208 Black & Veatch 157 The Boldt Co. 211 Bonatti SpA Brasfield & Gorrie LLC 127 Burns & McDonnell 198 C C.M.C. di Ravenna Società Cooperativa 172 Calik Enerji Saanayi ve Ticaret AS 197 Camargo Correa Cengiz Construction Industry & Trade Co. Inc. 227 CGCOC Group Co. Ltd. 185 China Aluminum International Engineering Co. Ltd. 134 China Civil Engineering Construction Corp China Energy Eng g Grp. Tianjin Electric Power Constr. Co. 193 China General Technology (Group) Holding Ltd. 67 China Geo-Engineering Corp China HuanQiu Contracting & Engineering Corp. 118 China Int l Water & Electric Corp. 152 China Jiangsu Int l Econ-Tech. Coop. Corp. 143 China Jiangxi Corp. for Int l Eco. & Tech. Coop China National Chemical Engineering Group Corp. 29 China Nat l Machinery Industry Corp. 55 China Petroleum Engineering & Const. (Group) Corp. 88 China Petroleum Engineering Co. Ltd. 129 China Petroleum Pipeline Bureau (CPP) 65 China Power Engineering Consltg. Group Co. Ltd China State Construction Eng g Corp. Ltd. 2 China Wu Yi Co. Ltd. 138 China Yunnan Construction Engineering Group Co. Ltd. 45 Chiyoda Corp. 77 Choate Construction Co. 242 Chongqing Int l Construction Corp. 248 CIMIC Group Ltd. 13 CITIC Construction Co. Ltd. 110 Clark Construction Group 73 Clayco Inc. 182 Coastal Construction Group 216 COMSA EMTE 141 Condotte SpA 153 Consigli Construction Co. Inc. 212 Consolidated Contractors Group 59 Construtora Norberto Odebrecht SA 22 Crossland Construction Co. Inc. 228 CTCI Corp. 148 D Daelim Industrial Co. Ltd. 52 Daewoo Engineering & Construction Co. Ltd Daqing Oilfield Construction Co. Ltd. 121 Day & Zimmermann 167 dck Worldwide LLC 226 Jan De Nul Group 104 Devcon Construction Inc. 178 PJ Dick-Trumbull-Lindy Paving 218 Dongfang Electric Corp. 51 DPR Construction 107 Duke Construction 245 JE Dunn Construction Group 109 E 19 Electra 176 Ellaktor SA 139 EllisDon Corp. 90 Enka Construction & Industry Co. Inc. 128 F Ferrovial 27 Flintco LLC G GAMA 246 Ghella SpA 229 Gilbane Building Co. 78 Grandi Lavori Fincosit SpA 235 Granite Construction Inc. 123 Gray Construction 250 Great Lakes Dredge & Dock Corp. 206 Grupo Grana y Montero (GyM) 147 GS Engineering & Construction 38 H Hanjin Heavy Industries & Construction Co. Ltd. 184 Hanwha Engineering & Construction Corp. 92 B.L. Harbert International LLC 222 David E. Harvey Builders Inc. 132 Hazama Corp. 99 Hensel Phelps 114 HITT Contracting Inc Hoffman Corp. 150 Holder Construction Co. 144 Hunter Roberts Construction Group 233 Hyundai Development Co I IC Ictas Insaat Sanayi ve Ticaret AS 168 Impresa Pizzarotti & C. SpA 156 Isolux Corsan 111 J 61 JGC Corp. 57 Jiangsu Nantong Liujian Construction Group Co. Ltd. 68 Jiangsu Nantong No.3 Construction Group Co. Ltd. 48 Jiangsu Zhongxin Const. Group Co. Ltd. 98 Joannou & Paraskevaides Group of Cos. 166 K Kajima Corp. 24 Kayson 207 KBR 64 Kharafi National KSCC 183 Kiewit Corp. 31 Kinden Corp. 74 Kokosing Inc. 210 Kolin Insaat Turizm San Tic. AS 247 Kumho Industrial 171 L Lane Industries Inc. 161 Larsen & Toubro Ltd. 28 Layne Christensen Co. 224 Layton Construction Co. Inc. 220 Lend Lease 35 Limak Insaat Sanayi ve Ticaret AS 225 Lotte Engineering & Construction Co. Ltd. 71 M M+W Group 96 Maeda Corp. 103 Maire Tecnimont 149 MAKYOL Construction Ind. Tourism & Trading Co. Inc. 217 Manhattan Construction Group 177 Matrix Service Co. 165 McCarthy Holdings Inc. 105 McConnell Dowell Corp. Ltd. 60 McShane Cos. (The) 237 Messer Construction Co. 194 Metka 244 Michels Corp. 136 Mortenson Construction 94 Mota-Engil 86 N Nantong Construction Group Co. Ltd. 122 Nata Construction Tourism Trade and Industry Co. 199 National Petroleum Construction Co. (NPCC) 181 Nurol Construction and Trading Co. Inc. 180 O Obayashi Corp. 18 OHL 56 Orascom Construction Ltd. 95 Ozturk Holding Co. 50 P Parsons 243 PCL Construction Enterprises Inc. 47 Penta-Ocean Construction Co. Ltd. 89 Pepper Construction Group 214 Per Aarsleff A/S 160 Performance Contractors Inc. 174 Petrofac Ltd. 58 PETROJET 236 Plaza Construction 187 Polimeks Insaat Taahhut ve San. Tic. AS 126 Pomerleau 142 PORR AG 72 POSCO Engineering & Construction (Strategic Planning Dept.) 39 POSCO Engineering Co. 205 Power Construction Co Primoris Services Corp. 130 PT Rekayasa Industri, Indonesia 204 Punj Lloyd Ltd. 201 Q Qingjian Group Co. Ltd. 43 R RailWorks Corp. 249 Renaissance Construction 83 Rizzani de Eccher SpA 231 Robins & Morton 240 Royal BAM Group nv 32 Ryan Cos. US Inc. 195 S Sacyr SalfaCorp 162 SpA 62 Samsung C&T Corp. 21 Shanghai Construction Group 12 Shanghai Electric Group Co. Ltd. 154 Shapoorji Pallonji Engineering & Construction 102 Shawmut Design and Construction 202 Shenyang Yuanda Aluminum Indus. Eng g Co. Ltd. 190 Shikun & Binui - SBI Infrastructure Ltd. 238 Shimizu Corp. 25 Sinopec Engineering (Group) Co. Ltd. 40 Sinopec Oilfield Service Shengli Corp. 101 Sinopec Zhongyuan Petroleum Engineering Ltd. 145 Sinosteel Equipment & Engineering Co. Ltd. 158 SK Engineering & Construction 46 Skanska AB Ssangyong Engineering & Construction Co. Ltd Stroygazmontazh 70 Structure Tone 80 Suffolk Construction Co. 133 Sumitomo Mitsui Construction Co. Ltd. 120 Sundt Construction Inc. 219 Swinerton Inc. 137 T Taisei Corp. 26 Takenaka Corp. 37 TAV Construction Tecnicas Reunidas 76 Tekfen Construction & Installation Co. Inc. 169 Toda Corp. 84 Toyo Engineering Corp. 112 Turner Industries Group LLC 115 Tutor Perini Corp. 69 U UrbaCon Trading & Contracting LLC 135 V W Walbridge 155 The Walsh Group Ltd. 66 The Whiting-Turner Contracting Co. 53 WorleyParsons 106 X XPCC Construction & Engineering (Group) Co. Ltd. 79 Y Yanjian Group Co. Ltd. 146 Yapi Merkezi Insaat ve Sanayi AS 223 The Yates Cos. Inc. 117 Z Zachry Group 131 Zhejiang Construction Investment Grp. Co. Ltd. 34 Ed. Züblin AG 75 enr.com August 24/31, 2015 ENR 57