SCG still wants foreign business

By Dong Zhen | January 21, 2009, Wednesday |

Print Edition

THE Shanghai Construction Group, one of China's leading builders, will continue to expand its involvement in overseas projects this year despite the global economic turmoil, the company management said yesterday.

"To strive for more involvement in leading overseas construction projects helps establish the profile of our country and helps reinforce our company brand," Jiang Zhiquan, the company chairman, told Shanghai Daily.

"Outside home we face greater and more complicated challenges because of different legal and financial systems. We are given the chance to experience and conquer such difficulties and taking up those projects will enhance our expertise."

SCG started 33 of Shanghai's major infrastructure projects last year, representing 30 percent of the government's infrastructure investment last year. It's also the main contractor for the major exhibition halls for the World Expo next year.

The group received 67.5 billion yuan (US$ 9.86 billion) in revenue last year, including more than 5 billion yuan from overseas projects. Management aims to maintain this proportion of overseas revenue.

Overseas projects completed last year included the new Chinese Embassy building in the United States and the No. 7 Highway in Cambodia.

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SCG still wants foreign business

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