Shanghai Construction Group
Shanghai Construction (Group) Corporation (SCG) is a Chinese construction and engineering company, ranked as the 16th largest construction company in the world based on 2011 revenues. The group's listed arm Shanghai Construction Group Co., Ltd. (, ), was ranked at 1,096th on Forbes Global 2000 List, with a market cap of US$5.5 billion (as of May 2017). The listed company was a constituent of SSE 180 Index and its sub-index SSE MidCap Index. History In the 1990s the company underwent fast-paced growth as the home city of Shanghai was finally allowed to join in the reform and growth sweeping China. The city became a "builder's dream" and SCG benefited from the pent up zeal for projects with revenue climbing up 30% annually. As the hometown builder, SCG is responsible for many of the landmarks of Shanghai including Shanghai Tower. International projects SCG undertakes overseas construction projects and mining in Eritrea. It has an international focused subsidiary, the Shanghai (Group) Corporation for Foreign Economic & Technological Cooperation (SEFCO Group). The company's construction of a five star hotel in Cairo despite local political instability was cited by the New York Times in 2012 as an example of the endurance Chinese companies had