EPC (Engineering, Procurement, and Construction) contracts are the most favored contract type in the private sector when it comes to undertaking complex infrastructure projects. An EPC contractor provides end-to-end consultancy and construction services.



EPC contracts are also known as Turnkey Contracts as the project owners just have to turn the key once they float an EPC tender. Thereafter, it is the responsibility of the contractor to complete the project as per the agreed terms and conditions.



Advantages of EPC contracts
Here are some advantages of an EPC contract.

A single point of contact & responsibility
Fixed contract price & completion date
Performance guarantee
Project security
Caps on liability


15 Largest EPC firms in the world (By Revenue)
This list is a comprehensive analysis of the largest EPC companies in the world. It provides detailed information on the top EPC contractor in the world by revenue and their financial performance, along with their services, operations, and key projects.



CHINA STATE CONSTRUCTION ENGINEERING CORP LTD
Key Information
Incorporated

2007

Headquarters

Zhongjian Fortune Intl Center Bldg 3 Yard 5 An'ding Road Beijing, 100029, China

No of employees

368327

Revenue

USD 293.2 Billion

Market cap

USD 27.41 Billion



CHINA STATE CONSTRUCTION ENGINEERING CORP LTD (CSCECL) is the listed public company of China State Construction Engineering Corporation - the biggest construction company in the world by revenue. CSCECL is also among the world's top 10 largest General Contractor firms. Headquartered in Beijing, China, the company operates in Asia-Pacific, Europe, Africa, the Middle East, and North America.



The company’s main services include

Engineering
Building construction & contracting
Urban development
Real estate investment and development
Infrastructure construction and investment
Project management
Design and survey; Equipment manufacturing & leasing
Construction financing services


The EPC company has built more than 90% of the skyscrapers above 300 meters in China. Moreover, the company is credited with having built three-quarters of the airports, half of the Nuclear power plants, three-quarters of the satellite launch bases, and one-third of the urban utility tunnel infrastructure in China.



Key Projects
Daxing International Airport, Beijing
Federation Tower, Tower A (Ostturm), Moscow
Shanghai World Financial Center, Shanghai
One Thousand Museum, Miami, United States
New Hindiya Dam, Iraq


CHINA RAILWAY GROUP LTD
Key Information
Incorporated

2007

Headquarters

Block A, China Railway Square No.69,

Fuxing Road Haidian District

Beijing 100039, China

No of employees

282,256

Revenue

USD 150.8 Billion

Market cap

USD 18.06 Billion



China Railway Group Limited (“CREC” for short) is a giant construction and engineering conglomerate in China. The company is primarily engaged in engineering survey, design and construction, real estate development, industrial equipment manufacturing, resources and mining development, and financial investment, among other fields.



As one of the world’s largest EPC contractors, CREC has made it to the Fortune Global 500 companies list for 17 consecutive years, including 2022.



CREC has built over two-thirds of all railways in China, including 9 out of 10 electric railways projects. Moreover, it has constructed one-eighth of all expressway projects and around 60% of urban rail transit projects in China. It is also closely associated with the Belt and Road Initiative (BRI) projects across China and its neighboring East and South-East Asia countries.



The company’s main services include

Railways & Highways
Municipal facilities
Housing and buildings
Urban rail transits
Water conservancies
Hydropower stations
Airports, Harbors & Docks


Key Projects

Chengdu-Chongqing Expressway
Chengdu Metro Line 3 Project
Hanoi Metro Line 2A, Vietnam
Jakarta-Bandung High-speed Railway, Indonesia
Tel Aviv Light Rail (Western Segment) in Israel


CHINA RAILWAY CONSTRUCTION CORP LTD
Key Information
Incorporated

1948

Headquarters

East Yard No. 40, Fuxing Road, Haidian District

BEIJING, 100855, China

No of employees

261333

Revenue

USD 148.3 Billion

Market cap

USD 12.53 Billion



China Railway Construction Corporation Limited provides transportation infrastructure construction services. The Company constructs railways, highways, urban tracks, and other infrastructure projects. China Railway Construction also provides real estate development and materials trading services.



The Company is also engaged in industrial manufacturing, real estate development, logistics, and materials trading businesses, as well as the provision of survey, design, and consulting services. The Company mainly operates its businesses in domestic and overseas markets.



Key Projects

Beijing–Shanghai High-Speed Railway
Troitskaya line, Moscow Metro
Algeria East–West Highway
Ankara-Istanbul high-speed railway
Lusail Stadium, Qatar (FIFA world cup, 2022 final to be played in this stadium)


CHINA COMMUNICATIONS CONSTRUCTION GROUP LTD
Key Information
Incorporated

2005

Headquarters

No.85 Deshengmenwai Street, Xicheng District, Beijing, 100088, China

No of employees

118,000

Revenue

USD 98.1 Billion

Market cap

USD 13.58 Billion



China Communications Construction Company, Ltd. (CCCC) is a Chinese multinational engineering and construction company, engaged in the design, construction and operation of heavy infrastructure assets.



The company’s main services include

Civil infrastructure projects (Highways, subways, high-speed railways, bridges, tunnels, airports)
Oil platforms
Marine ports


CCCC has been a contractor for numerous Belt and Road Initiative projects in China and other South East Asia countries.



Being one of the largest port design and construction companies in the world, it has 7 of the top 10 ports in the world in its portfolio. It operates through more than 60 subsidiaries.



Key Projects

Shanghai Yangshan Port
Ashdod Port Project in Israel
Beijing-Xiong'an Intercity Railway
Malaysia's East Coast Rail Link
Macau International Airport
Shanghai Pudong International Airport


POWER CONSTRUCTION CORP OF CHINA
Key Information
Incorporated

2009

Headquarters

22 Chegongzhuang West Road, Haidian District,

Beijing 100048, China

No of employees

132,583

Revenue

USD 64.2 Billion

Market cap

USD 14.55 Billion



Power Construction Corporation of China, branded as Power China, is a wholly State-owned company consisting of 779 subsidiary companies. It is a part of the heavy and civil engineering construction industry in China that also undertakes numerous power projects outside China, especially the BRI countries through its overseas brands such as SEPCO, Hydro China, and Sinohydro.



The company’s main services include

Power generation
Power transmission
Renewable energy
Heavy engineering
Civil engineering


Key Projects

Nam Ou river cascade dams, Laos
Dau Tieng Solar Power Project, Vietnam
Melaka Gateway, Malaysia
Lamu Coal Power Station, Kenya
Ayago Hydroelectric Power Station, Uganda
Merowe Dam, Sudan


CHINA METALLURGICAL GROUP CORP
Key Information
Incorporated

1982

Headquarters

No.28 Shuguangxili, Chaoyang, Beijing China

No of employees

282,256

Revenue

USD 74.57 Billion

Market cap

USD 7.89 Billion



China Metallurgical Group Corporation (MCC) is a Chinese state-owned EPC company. Apart from construction, the company is involved in natural resources exploitation, papermaking, equipment fabrication, real estate development, and infrastructure projects.



The company’s main services include

Metallurgical construction
Housing construction
Municipal utility construction
Electrical and mechanical installation & works
Mechanical engineering
Electronics & power supply
Petroleum & Chemicals
Geotechnical engineering


MCC is one of China's leading equipment manufacturers and the only state-owned corporation authorized to operate pulp and paper mills in China and abroad.



Key Projects

Jinchuan Nickel Mine
WISCO Jinshandian Iron Mine Project
Weinan Jinduicheng Molybdenum Minerals Project
Dexing Copper Mine Project
Benxi Iron & Steel Nanfen Open Iron Mine Project


VINCI SA
Key Information
Incorporated

1899

Headquarters

1973 bd de la Défense

CS 10268

92757 Nanterre Cedex - France

No of employees

217,731

Revenue

USD 54.35 Billion

Market cap

USD 46.61 Billion



VINCI SA is a French construction and contracting company founded in 1899. The company designs, builds, finances, and manages facilities for transport systems, private buildings, and civil infrastructures like water, energy, and communication networks. The company operates through the following business segments: Concessions and Contracting.



The Concessions segment develops and operates motorways, transport infrastructures, and public facility concessions. The Contracting segment includes electrical and engineering, information and communication technology, heating, ventilation, air conditioning, insulation, building and maintenance of roads and motorways, production of road-building materials, urban infrastructure, environmental work, and demolition and recycling.



Key Projects

Atlantic Bridge, Panama
Gariep Dam, South Africa
Grand Paris Express
Cebu bridge, Philippines
The Femern Tunnel


SHANGHAI CONSTRUCTION GROUP CO LTD
Key Information
Incorporated

1994

Headquarters

No.666, Daming Road (E), Shanghai, 200080, China

No of employees

51,369

Revenue

USD 33.9 Billion

Market cap

USD 3.2 Billion



Shanghai Construction (Group) Corporation (SCG) is a Chinese construction and engineering company ranked as the 16th largest construction company in the world.



SCG possesses core technologies in the construction of highrise buildings, large bridges, light railways, public culture & sports facilities, large industrial plants, major environment protection projects &, etc. At the same time, SCG has also completed about 100 landmark projects in more than 30 overseas countries and regions.



Key Projects

Construction projects and mining in Eritrea
12,000 housing units for the Tanzanian Peoples’ Defence Force
Sewage tunneling project in Edmonton, Canada


GREENLAND INFRA CONSTRUCTION GROUP CO LTD
Key Information
Incorporated

1992

Headquarters

No. 700, Dapu Road, Huangpu District, Shanghai, 200023

No of employees

79,999

Revenue

USD 64.58 Billion

Market cap

USD 5.4 Billion



Founded in October 2014, the Group is a large comprehensive enterprise affiliated with Greenland Group. Its business scope covers metro construction, urban infrastructure construction, other industrial and civilian project construction, real estate development, environmental protection, the industry of the Internet of Things, equity investment, industrial capital investment, etc.



The construction and investment fields of the Group cover various industries and categories across the nation, including large-scale residential blocks, large-scale bridges, expressways, high-rise civil architecture, CBD (central business district), high-end office buildings, hospitals, schools, stadiums, large-scale factory buildings, rail transits, etc., and the projects the main regions across the nation.



Key Projects

Zhengzhou Greenland High-speed Rail Station Square
Zhengzhou International Conference and Exhibition Center
Nanxiang Station
Nanchang Urban Redevelopment Project
The BOTANIKA Project, Malaysia


ACS SA
Key Information
Incorporated

1997

Headquarters

Avenida de Pío XII, 102, Madrid, Spain

No of employees

122,502

Revenue

USD 28.98 Billion

Market cap

USD 5.73 Billion



ACTIVIDADES DE CONSTRUCCIÓN Y SERVICIOS SA, better known as ACS SA, is a Spanish multinational construction company, dedicated to civil and engineering construction, and telecommunications. It is one of the leading construction companies in the world, with projects in many countries around the world. The group has a presence in Germany, India, Brazil, Chile, Morocco, Australia, and the US through its subsidiary Turner Construction.



The company’s main services include

Civil Works
Building Works (Residential & Social Infrastructure)
Mining Services


Key Projects

Alqueva Dam, Portugal
Palau de les Arts Reina Sofia, Valencia, Spain
Torre Agbar, Barcelona, Spain
LGV Perpignan–Figueres high-speed rail line between Spain & France
Portugués Dam, Puerto Rico


BOUYGUES SA
Key Information
Incorporated

1952

Headquarters

32 Avenue Hoche, Paris, Ile-de-France, 75378

No of employees

124,600

Revenue

USD 37.5 Billion

Market cap

USD 9.81 Billion



Bouygues SA (Bouygues) is a French industrial group that operates in the construction, real estate development, media, and telecommunication markets. It carries out construction contracts for roads, airport runways, seaports, industrial infrastructure, parking areas, recreational facilities, and electrical and civil work developments.



The company also develops residential, commercial establishments, and retail parks; and produces and recycles construction materials such as aggregates, asphalt mixes, bitumen, ready-mix concrete and emulsions, and binders. Bouygues operates television channels and telecommunication networks and offers broadband services to its customers. The company has an operational presence across Europe, Africa, the Middle East, the Americas, and Asia-Pacific.



Key Projects

Musée d'Orsay, Paris
Port of Miami Tunnel, Miami
Iqaluit Airport terminal, Nunavut, Canada
Singapore Sports Hub, Singapore
LRT Line 1 Cavite Extension, Manila


HOCHTIEF AG
Key Information
Incorporated

1873

Headquarters

Block A

China Railway Square No.69,

Fuxing Road Haidian District

Beijing 100039, China

No of employees

282,256

Revenue

USD 22.33 Billion

Market cap

USD 3.43 Billion



Hochtief AG is a German construction company based in Essen, North Rhine-Westphalia, Germany. Hochtief is Germany's largest construction company and operates globally, ranking as one of the largest general construction companies in the United States through its subsidiary EPC firm Turner Construction and in Australia through a 90% shareholding in CIMIC Group. In 2010 it employed more than 70,000 employees across five corporate divisions. One of these, Hochtief Concessions, is a major airport operator. The others are involved with construction project planning, finance, construction, and operation.



Hochtief Asia Pacific covers construction activities in Asia and Australia involving building, infrastructure, and contract mining projects, and Hochtief Europe conducts construction projects in Europe and select regions worldwide, involving real estate and transport infrastructures, such as tunnels, bridges, airports, marine ports, and sports stadiums.



Key Projects

Expansion of King Khalid International Airport, Riyadh
Athens International Airport, Greece
King Abdulaziz International Airport, Jeddah
Bosphorus Bridge, Turkey
Dnipro Stadium, Ukraine


CHINA ENERGY ENGINEERING CORP LTD
Key Information
Incorporated

2011

Headquarters

Building 1, No. 26A West Dawang Road, Chaoyang District, Beijing, the PRC

No of employees

282,256

Revenue

USD 44.9 Billion

Market cap

USD 11.3 Billion



China Energy Engineering Corp Ltd is a multinational conglomerate that primarily operates in engineering design and construction through its subsidiaries such as China Gezhouba Group Corporation (CGGC), Electric Power Planning & Engineering Institute (EPPEI), China Power Engineering Consulting Group Corporation (CPECC), China Energy Equipment Co Ltd, and the Engineering and Construction Department.



The company’s main services include

Power generation and transmission
Infrastructure
Energy
water conservancy & affairs
Railways & highways
Ports & navigation channels
Municipal engineering
Urban rail,
Industrial planning and consulting
Survey and design
Equipment manufacturing


Key Projects

Turkey - 1000MW Egirdir Pumped Storage Plant Project
Vietnam - Ninh Thuan Jung Thanh Wind Power Project
China-Zhuhai Jinwan offshore wind farm
China - Fujian Fuqing Nuclear Power Plant
Cambodia - 200 MW HFO/LNG Power Plant


LARSEN & TOUBRO LIMITED
Key Information
Incorporated

1938

Headquarters

L&T House, N.M. Marg, Ballard Estate,

Mumbai, 400001, India

No of employees

337,994

Revenue

USD 11.44 Billion

Market cap

USD 31.31 Billion



L&T construction is one of the 5 largest EPC contractors and construction companies in the world. Headquartered in Mumbai, India, the multinational conglomerate company operates in diverse sectors including engineering, construction, manufacturing, technology, information technology, and financial services.



The company’s main services include

Industrial and Civil Buildings
Municipal Works
Metro
Expressway
Gardening and Landscaping
Deep Foundation
Long-distance Pipeline Works


Key Projects

Mumbai International Airport
Riyadh Metro
Motera Cricket Stadium (Largest Cricket Stadium in the world)
Statue of Unity
Dhaka Metro


BALFOUR BEATTY PLC
Key Information
Incorporated

1909

Headquarters

5 Churchill Place,

Canary Wharf, London E14 5HU

No of employees

24,541

Revenue

USD 11 Billion

Market cap

USD 1.4 Billion



Balfour Beatty is a Uk-based multinational infrastructure group with business verticals in construction services, support services, and infrastructure investments. The company was ranked the biggest construction company in the United Kingdom in 2021.



The company’s main services include

Civil Engineering
Ground Engineering
Highway Services and Asset Management
Construction
Mechanical & Electrical Engineering
Railway Engineering
Project Financing


Key Projects

Whitechapel Station, Elizabeth Line, London
Silver Jubilee Bridge, Runcorn
Surface Drainage Works, Inverness Airport
M+ Museum, Hong Kong
Hong Kong International Airport Terminal 2 Expansion Works


Other notable EPC companies in the world
Some other large construction companies operating in the EPC market are:

USA
Fluor Corporation
Matrix Service Company
Kiewit Corporation
DPR Construction


United Kingdom
Morgan Sindall
Galliford Try


Europe
Técnicas Reunidas
Saipem
Strabag


South Korea
Samsung Engineering
SK Engineering


India
Hindustan Construction Company
Tata Power
Gammon India
Punj Lloyd


To know more about the construction industry, the major players, and other important information, check out our Global Projects and Tenders Tracker.