China State Construction Engineering

Construction Market Size & Share to Surpass USD 17.1 billion by 2031, Grow at 4.5% CAGR | Exclusive Report by Transparency Market Research, Inc.

Retrieved on: 
Monday, January 15, 2024

WILMINGTON, Del., Jan. 15, 2024 /PRNewswire/ -- The global construction market is estimated to flourish at a CAGR of 4.5% from 2023 to 2031. Transparency Market Research projects that the overall sales revenue for construction is estimated to reach US$ 17.1 billion by the end of 2031.

Key Points: 
  • Adoption of IoT, BIM, and modular construction for enhanced efficiency, cost-effectiveness, and project management.
  • Government initiatives worldwide fuel construction growth, focusing on transportation, energy, and smart city projects.
  • North America, driven by major players like Bechtel and Fluor Corporation, experiences steady growth due to infrastructure modernization and commercial development.
  • Stricter environmental norms and a focus on energy-efficient structures drive the demand for green construction, shaping the region's future projects and renovations.

Construction Market Size & Share to Surpass USD 17.1 billion by 2031, Grow at 4.5% CAGR | Exclusive Report by Transparency Market Research, Inc.

Retrieved on: 
Monday, January 15, 2024

WILMINGTON, Del., Jan. 15, 2024 /PRNewswire/ -- The global construction market is estimated to flourish at a CAGR of 4.5% from 2023 to 2031. Transparency Market Research projects that the overall sales revenue for construction is estimated to reach US$ 17.1 billion by the end of 2031.

Key Points: 
  • Adoption of IoT, BIM, and modular construction for enhanced efficiency, cost-effectiveness, and project management.
  • Government initiatives worldwide fuel construction growth, focusing on transportation, energy, and smart city projects.
  • North America, driven by major players like Bechtel and Fluor Corporation, experiences steady growth due to infrastructure modernization and commercial development.
  • Stricter environmental norms and a focus on energy-efficient structures drive the demand for green construction, shaping the region's future projects and renovations.

Kyriba’s Quarterly Currency Impact Report: FX Volatility Spikes to $29.14 Billion in Earnings Impacts

Retrieved on: 
Tuesday, November 21, 2023

Kyriba’s latest Currency Impact Report (CIR) shows multinational companies experienced over $29bn in total impacts to earnings from currency volatility in the second quarter of this year.

Key Points: 
  • Kyriba’s latest Currency Impact Report (CIR) shows multinational companies experienced over $29bn in total impacts to earnings from currency volatility in the second quarter of this year.
  • The CIR studies the quarterly impacts of foreign exchange (FX) exposures among 1,700 multinational companies based in North America and Europe with at least 15 percent of overseas revenue.
  • “This data is a clear signal to global organizations with significant overseas exposure that currency volatility continues to erode value.
  • The average earnings per share (EPS) impact reported by publicly traded North American companies in Q2 2023 was $0.05.

NWTN Announces Strategic Partnership with China State Construction Engineering Corporation (Middle East)

Retrieved on: 
Thursday, December 7, 2023

This partnership sets a new precedent in the pursuit of advancements in new energy vehicles and green hydrogen projects.

Key Points: 
  • This partnership sets a new precedent in the pursuit of advancements in new energy vehicles and green hydrogen projects.
  • The signing ceremony took place at the NWTN booth in the COP28 Green Zone, Dubai Expo City, and was graced by the presence of H.E.
  • This strategic partnership encompasses extensive collaboration in market development and business promotion across diverse regions, including East Asia, North Africa, and Southeast Asia.
  • This partnership not only aligns with its strategic goals but also represents a significant step towards a sustainable future.

NWTN Announces Strategic Partnership with China State Construction Engineering Corporation (Middle East)

Retrieved on: 
Thursday, December 7, 2023

This partnership sets a new precedent in the pursuit of advancements in new energy vehicles and green hydrogen projects.

Key Points: 
  • This partnership sets a new precedent in the pursuit of advancements in new energy vehicles and green hydrogen projects.
  • The signing ceremony took place at the NWTN booth in the COP28 Green Zone, Dubai Expo City, and was graced by the presence of H.E.
  • This strategic partnership encompasses extensive collaboration in market development and business promotion across diverse regions, including East Asia, North Africa, and Southeast Asia.
  • This partnership not only aligns with its strategic goals but also represents a significant step towards a sustainable future.

To develop China-U.S. relations with sense of responsibility for history, people, world

Retrieved on: 
Monday, November 13, 2023

The two Presidents will have in-depth communication on issues of strategic, overarching and fundamental importance in shaping China-U.S. relations and major issues concerning world peace and development.

Key Points: 
  • The two Presidents will have in-depth communication on issues of strategic, overarching and fundamental importance in shaping China-U.S. relations and major issues concerning world peace and development.
  • Whether China and the U.S. can handle their relationship well bears on the future of the world.
  • The two countries jointly tackling global challenges is not only a necessity for world peace and development, but also a responsibility of major countries.
  • With a sense of responsibility for history, for the people and for the world, the two countries should meet each other halfway and strive for sound and stable development of their relations.

ASEAN Summit 2023: Indonesia identifies cooperation projects worth US$32 billion through AIPF

Retrieved on: 
Saturday, September 9, 2023

JAKARTA, Sept 9, 2023 - (ACN Newswire) - Indonesia identified cooperation projects worth US$32 billion through business matching activities carried out during the ASEAN-Indo-Pacific Forum (AIPF), held on September 5-6.

Key Points: 
  • JAKARTA, Sept 9, 2023 - (ACN Newswire) - Indonesia identified cooperation projects worth US$32 billion through business matching activities carried out during the ASEAN-Indo-Pacific Forum (AIPF), held on September 5-6.
  • As the organizer of the AIPF, which is the flagship event of the 43rd ASEAN Summit, Indonesia is also seeking cooperation for projects from other countries with a total value of US$810 million.
  • He mentioned that some of the largest SOEs in Indonesia, such as Pertamina, Pupuk Indonesia, PLN, Pelindo, Jasa Marga, MIND ID, and Injourney also participated in the AIPF.
  • ASEAN member states such as Brunei, Myanmar, Thailand, Malaysia, and the Philippines presented potential projects in the telecommunications and infrastructure sectors.

Select Group awards over AED 3 billion in construction contracts for newly launched projects

Retrieved on: 
Monday, January 16, 2023

DUBAI, UAE, Jan. 16, 2023 /PRNewswire/ -- Select Group has awarded China State Construction Engineering Corporation (Middle East) LLC, Engineering Contracting Company LLC (ECC Group), iBUILD Construction LLC and Al Basti & Muktha LLC (ABM) with construction contracts worth over AED 3 billion, equivalent to over 10 million square feet of development.

Key Points: 
  • DUBAI, UAE, Jan. 16, 2023 /PRNewswire/ -- Select Group has awarded China State Construction Engineering Corporation (Middle East) LLC, Engineering Contracting Company LLC (ECC Group), iBUILD Construction LLC and Al Basti & Muktha LLC (ABM) with construction contracts worth over AED 3 billion, equivalent to over 10 million square feet of development.
  • Following a record year in development launches and sales, Dubai-based developer Select Group has successfully awarded construction contracts for each of its recently launched projects to ensure its timely commitment to delivering premium products that surpass stakeholder expectations.
  • Sameh Fam, Managing Director of iBUILD Construction (Innovo Group) stated: "We are excited to work on such iconic project with a key developer Select Group.
  • Rahail Aslam, the CEO and Founder of Select Group, commented: "Ultra-luxurious projects such as Six Senses Residences The Palm, Dubai bring great minds together.

Select Group awards over AED 3 billion in construction contracts for newly launched projects

Retrieved on: 
Monday, January 16, 2023

DUBAI, UAE, Jan. 16, 2023 /PRNewswire/ -- Select Group has awarded China State Construction Engineering Corporation (Middle East) LLC, Engineering Contracting Company LLC (ECC Group), iBUILD Construction LLC and Al Basti & Muktha LLC (ABM) with construction contracts worth over AED 3 billion, equivalent to over 10 million square feet of development.

Key Points: 
  • DUBAI, UAE, Jan. 16, 2023 /PRNewswire/ -- Select Group has awarded China State Construction Engineering Corporation (Middle East) LLC, Engineering Contracting Company LLC (ECC Group), iBUILD Construction LLC and Al Basti & Muktha LLC (ABM) with construction contracts worth over AED 3 billion, equivalent to over 10 million square feet of development.
  • Following a record year in development launches and sales, Dubai-based developer Select Group has successfully awarded construction contracts for each of its recently launched projects to ensure its timely commitment to delivering premium products that surpass stakeholder expectations.
  • Sameh Fam, Managing Director of iBUILD Construction (Innovo Group) stated: "We are excited to work on such iconic project with a key developer Select Group.
  • Rahail Aslam, the CEO and Founder of Select Group, commented: "Ultra-luxurious projects such as Six Senses Residences The Palm, Dubai bring great minds together.

Doug Magee joins Day & Zimmermann as President of Government Services

Retrieved on: 
Thursday, January 5, 2023

PHILADELPHIA, Jan. 5, 2023 /PRNewswire/ -- Day & Zimmermann (D&Z), the 120-year-old, family-owned provider of construction & engineering, staffing, and defense solutions for leading corporations and governments around the world, announced today that Doug Magee has joined Day & Zimmermann as President of the company's Government Services Group.

Key Points: 
  • PHILADELPHIA, Jan. 5, 2023 /PRNewswire/ -- Day & Zimmermann (D&Z), the 120-year-old, family-owned provider of construction & engineering, staffing, and defense solutions for leading corporations and governments around the world, announced today that Doug Magee has joined Day & Zimmermann as President of the company's Government Services Group.
  • Magee is a veteran of the US Army (1994-1998) and began his professional career in operations with Kellogg, Brown and Root (KBR) in their Government Services Division following his service.
  • He has held several business development and operations roles with companies such as DynCorp International, Kaseman, Michael Baker International, and Comprehensive Health Services.
  • During his time there, he oversaw and grew operations delivering services in facilities maintenance, base operating support and multi-functional logistics, including transportation, equipment maintenance and supply services.