ENR Releases the 2026 Top 250 International Contractors List

On August 21, the 2026 Engineering News-Record (ENR) "Top 250 International Contractors" list was released, with a total of 75 Chinese mainland enterprises (hereinafter referred to as "Chinese enterprises") making the 2026 "Top 250 International Contractors" ranking (some enterprises filed consolidated declarations or did not file this year).

2026 Engineering News-Record (ENR) Top 250 International Contractors Full List Quick Reference

https://www.hydesourcing.com/en/enr-top250

Chinese enterprises continued to top the list in terms of the number of ranked companies among all countries. Turkey ranked second with 48 companies, the United States ranked third (41 companies), Italy and Japan tied for fourth (11 companies each), and Spain and South Korea tied for fifth (10 companies each). In terms of total international revenue of listed companies by country, Chinese listed companies recorded combined international revenue of $142.77 billion in 2025, up 12% year on year, accounting for 25.9% of the total international revenue of all listed companies, an increase of 0.5 percentage points from the previous year. French companies ranked second with $86.4 billion, up 5.8% year on year, representing 15.7% of the total, down 0.6 percentage points from the previous year. Spanish companies ranked third with $80.24 billion, up 20.6% year on year, representing 14.6% of the total, up 1.3 percentage points from the previous year. U.S. companies ranked fourth with $30.74 billion, down 6.2% year on year, representing 5.6% of the total, down 0.9 percentage points from the previous year. South Korean companies ranked fifth with $27.46 billion, down 13.4% year on year, representing 5% of the total, down 1.3 percentage points from the previous year. In the face of an accelerating global market transformation, Chinese listed companies achieved steady growth in overall business scale with further accelerated growth momentum, and both the number of listed companies and business scale continued to rank first among all countries, demonstrating the strong adaptability and development strength of Chinese enterprises.

Four Chinese enterprises entered the top 10, unchanged from the 2025 list. They are China Communications Construction Group (ranked 4th, with international revenue of $27.5 billion), China State Construction Engineering Corporation (ranked 6th, with international revenue of $19.1 billion), PowerChina (ranked 7th, with international revenue of $15.3 billion), and China Railway Construction Corporation (ranked 9th, with international revenue of $11.5 billion). A total of 10 Chinese enterprises entered the top 50, one fewer than the previous year. Spain's ACS (which has filed jointly with its German subsidiary Hochtief since 2022) ranked 1st with international revenue of $52.86 billion, France's VINCI ranked 2nd with international revenue of $49.84 billion, and France's BOUYGUES ranked 3rd with international revenue of $31.78 billion. Among them, the ACS Group's 2025 international revenue grew by 13% year on year (2024 international revenue: $46.72 billion), retaining the top position. Other companies in the top 10 include Austria's STRABAG SE, Sweden's SKANSKA AB, and the Netherlands-based FERROVIAL. Notably, FERROVIAL (whose headquarters has been relocated to the Netherlands) returned to the top 10 for the first time since 2023.

The 75 Chinese companies on the list had an average international revenue of $1.904 billion, up 13.67% year on year, with an average international business share (international revenue/global revenue) of 11.2%, up 1.7 percentage points from the previous year, indicating that the internationalization capability of Chinese enterprises continues to strengthen. The top 10 Chinese companies on the list had an average international revenue of $10.8 billion, with an average international business share of 11.7%, up 2 percentage points from the previous year, with the increase widening. The top 10 foreign companies on the list had an average international revenue of $21.67 billion, with an average international business share of 68%, up 0.9 percentage points from the previous year. In terms of international business share, a significant gap remains between Chinese and foreign enterprises.

The 250 listed companies recorded total new international contracts of $765.4 billion in 2025, up 5.2% from 2024; total international revenue of $550.6 billion, up 9.7% from 2024; among the 237 companies that appeared on the list in both of the past two years, 65.8% saw their international revenue increase.

In terms of regional market business scale, the European market took the top spot, with the 250 listed companies generating combined revenue of $138.37 billion in the region, accounting for 25.1% of total revenue, roughly flat year on year. The Middle East market ranked second, with combined revenue of $94.47 billion, accounting for 17.2% of total revenue, up 2.1 percentage points from the previous year. The Asian market ranked third, with combined revenue of $85.52 billion, accounting for 15.5% of total revenue, down 0.4 percentage points from the previous year. The U.S. market, African market, Australian market, and Latin American market followed, accounting for 14.6%, 11%, 6.8%, and 5.3% respectively. In the regional market top 10 lists, Chinese companies secured positions in all markets except the U.S. and Canadian markets. In the Asian market, seven Chinese companies made the list: China State Construction, China Communications Construction, PowerChina, China Railway Construction, MCC, Energy China, and Sinomach. In the African market, five Chinese companies made the list: China Communications Construction, China Railway Construction, China Railway Group, PowerChina, and China State Construction. In the Latin America and Caribbean market, three Chinese companies made the list: China Communications Construction, PowerChina, and China Railway Construction. In the Middle East market, four Chinese companies made the list: PowerChina, Energy China, China Communications Construction, and CPECC. In the European market, China National Chemical Engineering made the list. In the Australian market, China Communications Construction made the list. Contractors from different countries each have comparative advantages in different regional markets. In the African, Asian, and Middle East markets, Chinese enterprises continued to maintain their leading position, with market shares of 61.7%, 61.5%, and 28% respectively. European enterprises maintained obvious advantages in the European, U.S., Australian, and Latin America and Caribbean markets, with market shares of 77.7%, 74.9%, 69.5%, and 59.8% respectively. U.S. enterprises' business is mainly concentrated in the Canadian, Australian, and Latin America and Caribbean markets, with market shares of 51.5%, 9.1%, and 8.5% respectively. Japanese and South Korean enterprises have a certain competitive strength in the Middle East and Asian markets. In addition, Indian enterprises achieved an 11.8% market share in the Middle East, while Turkish enterprises reached 7.7% and 7.4% in the Middle East and European markets respectively, which deserve continued attention.

In terms of business sectors, transportation construction remained the largest segment of international engineering business, with the 250 listed companies generating combined revenue of $165.39 billion in this sector (accounting for 29.9% of total revenue, down 1 percentage point from the previous year). Building construction followed, with combined revenue of $115.16 billion (accounting for 20.8% of total revenue, up 0.3 percentage points from the previous year). The petrochemical sector ranked third, with combined revenue of $77.3 billion (accounting for 14% of total revenue, up 0.1 percentage points from the previous year). The power engineering sector ranked fourth, with combined revenue of $65.73 billion (accounting for 11.9% of total revenue, up 1.6 percentage points from the previous year). The combined revenue of these four sectors accounted for 76.6% of the total. Chinese companies were represented in the top 10 lists of every business sector. Specifically, in the power engineering sector, four Chinese companies made the list: PowerChina, Energy China, Sinomach, and China Electric Equipment Group. In the transportation construction sector, three Chinese companies made the list: China Communications Construction, China Railway Construction, and China Railway Group. In the building construction sector, three Chinese companies made the list: China State Construction, China Communications Construction, and China Railway Construction. In the water conservancy sector, two Chinese companies made the list: PowerChina and China Communications Construction. In the petrochemical sector, two Chinese companies made the list: China National Chemical Engineering and CPECC. In the manufacturing sector, China State Construction made the list. In the industrial construction sector, four Chinese companies made the list: MCC, Sinosteel Equipment, China State Construction, and China National Chemical Engineering. In the water/wastewater treatment sector, three Chinese companies made the list: China Communications Construction, Energy China, and China State Construction. In the telecommunications engineering sector, two Chinese companies made the list: Genertec and Zhejiang Construction Investment Group. The notable increase in the number of Chinese companies entering the top 10 lists across various sectors reflects, from another perspective, the emerging comprehensive competitiveness of Chinese enterprises in diversified international business segments.

In recent years, contractors from some developing countries have shown an upward trend in their share of the international infrastructure market. In terms of international revenue, Turkish listed companies recorded revenue of $24.98 billion, up 22% from 2024. Some companies saw significant jumps in their rankings: Turkey's MAPA rose from 115th to 74th, and Saudi Arabia's Nesma & Partners rose from 150th to 79th. In the European and Middle East markets, Turkish listed companies achieved revenue of $10.26 billion and $7.3 billion respectively, up 14.6% and 37% from 2024. Indian enterprises have a clear advantage in the Middle East market, with Indian listed companies generating $11.18 billion in revenue in the region, up 20.2% from 2024. India's L&T continued to rank first in the Middle East market. In the global power sector, India's L&T and Turkey's CALIK ENERJI ranked 4th and 8th respectively, joining two Chinese companies in the global top 10 of the power sector. Egypt's ELSEWEDY entered the list this year, ranking 66th.

Compared with the 2025 list, among the 75 Chinese companies on the list, 30 saw their rankings rise, 32 saw their rankings fall, 11 remained unchanged, and 2 were new entrants. Companies with notable ranking improvements include: Offshore Oil Engineering (rising from 87th to 62nd), Harbin Electric International (rising from 96th to 70th), Shanghai Construction Group (rising from 137th to 102nd), and Zibo Construction Group (rising from 169th to 140th). Jereh Oil & Gas Engineering and Dongyang Third Construction are new entrants this year, ranking 157th and 234th respectively.

In the "Top 250 Global Contractors" list released concurrently by ENR (ranked by combined domestic and international revenue), a total of 7 Chinese enterprises entered the top 10, unchanged from the previous year. Among them, China State Construction, China Railway Group, China Railway Construction, and China Communications Construction claimed the top four positions, with PowerChina ranking 6th, MCC ranking 8th, and Shanghai Construction Group ranking 10th. In addition, Energy China, China National Chemical Engineering, Beijing Urban Construction Group, Shaanxi Construction Engineering, Shanxi Construction Investment Group, Hunan Construction Investment Group, Beijing Construction Engineering Group, CPECC, China Nuclear Engineering, Shandong Hi-Speed Group, TBEA, Sinomach, Dongfang Electric, and Zhejiang Construction Investment Group entered the top 50, reflecting the important position of Chinese enterprises in the global infrastructure industry.

2026 ENR "Top 250 International Contractors" — Chinese Companies on the List

Note: "-" indicates the company did not appear on the 2025 list.

2026 Engineering News-Record (ENR) Top 250 International Contractors Full List