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Project Contracting Business
Project Contracting Business

Project Contracting Business

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Project Contracting Business

CITIC Group has given a strong boost to its engineering contracting business. It has undertaken a number of major projects in Asia, Africa and Latin America, covering metallurgy, chemical industry, power generation, nonferrous metals, infrastructure and social housing. The successful execution of major overseas projects and completion of Beijing National Stadium (the Bird’s Nest) have further strengthened the brand name of CITIC Construction. CITIC Construction rose to the 72nd place on the list of 2008 Top 225 International Contractors from the 98th in 2007, and ranked among the top 10 in China for the first time. As of the end of 2008, total value under contract stood at RMB16.4 billion, an increase of 53.5% yoy, operating income in 2008 RMB10.8 billion, an increase of 41.9%, and profit before tax RMB600 million, an increase of 68.4% yoy.CITIC Construction Co., Ltd. was making steady progress with its contracts in 2008. All nine sections of the expressway in Algeria were under con

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