The global construction market has taken its lumps over the past two years, and many large international contractors are scrambling to maintain their size. However, as the slump grows in duration, a few things are becoming clear: The construction recession is not universal, there are regions and market sectors that are doing well, and many international contractors are thriving.
The responses to ENR’s Top 225 International Contractors survey tell an interesting tale. As a group, the ENR Top 225 generated $383.78 billion in revenue from projects outside their home countries in 2009, up 0.4% from $382.44 billion in 2008 (please note, this is a corrected figure from last year’s published results). This increase comes despite the financial turmoil experienced in many markets.