Zhu Yanran / Yicai2017-05-12
(Yicai Global) May 12 -- China State Construction Engineering Corp. [SHA:601668] (CSCEC) contracted more than half of the world’s super high-rise buildings to take the lead in relevant technological power.
Many of these super skyscrapers for which CSCEC won the bid and construction contracts lie in countries along the Belt and Road.
They include Southeast Asia’s highest building, the Signature Tower (638m) in Jakarta, Indonesia and the Signature Tower (438m) in Kuala Lumpur, Malaysia, Europe’s loftiest edifice, the Russian Federal Building (420m), Africa’s tallest structure the Haas Tower (300m) in Nairobi, Kenya, as well as the Great Mosque of Algiers (265m, world’s tallest minaret) in Algeria.
Interconnectivity projects in countries along the Belt and Road have opened overseas infrastructure markets to the company. These encompass highway, airport, electric power, petrochemical, port, bridge, rail transit and water-supply line infrastructure construction, A CSCEC staffer told Yicai Global. The company’s outbound revenue first topped USD10 billion last year for another major step forward in its overseas operations. “Despite CSCEC’s rapid rise in foreign contracts and operating income over the last two years, it still needs to seek continuous growth in the ratio of its foreign assets, operating income and employees,” the staff member said. External markets CSCEC has accessed during its active presence in the past few years in the Belt and Road have increased to 100-odd, with its global market layout starting to form, he stated.