# Shanghai Construction Group

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Chinese construction and engineering firm

Shanghai Construction Group Corporation Type State-owned enterprise Industry Civil engineering Owner Shanghai Municipal Government Parent Shanghai SASAC

‹[See RfD](https://en.wikipedia.org/wiki/Wikipedia:Redirects_for_discussion/Log/2026_May_22#Template:Chinese)›

Shanghai Construction Group Corporation Simplified Chinese 上海建工（集团）总公司 Traditional Chinese 上海建工（集團）總公司 Transcriptions Standard Mandarin Hanyu Pinyin Shànghǎi Jiàn Gōng (Jítuán) Zǒnggōngsī Shanghai Construction Simplified Chinese 上海建工 Traditional Chinese 上海建工 Transcriptions Standard Mandarin Hanyu Pinyin Shànghǎi Jiàn Gōng

**Shanghai Construction (Group) Corporation** (SCG) is a [Chinese](/source/People's_Republic_of_China) construction and engineering company, ranked as the 16th largest construction company in the world based on 2011 revenues.[1]

The group's listed arm Shanghai Construction Group Co., Ltd. ([SSE](/source/Shanghai_Stock_Exchange): [600170](https://english.sse.com.cn/markets/equities/list/overview/?COMPANY_CODE=600170&STOCK_CODE=600170), [Chinese](/source/Simplified_Chinese_characters): 上海建工集团股份有限公司; lit. 'Shanghai Construction Group', 'Company Limited by Shares'), was ranked at 1,096th on [*Forbes* Global 2000 List](/source/Forbes_Global_2000), with a market cap of US$5.5 billion (as of May 2017).[2]

The listed company was a constituent of [SSE 180 Index](/source/SSE_180_Index)[3] 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.[4] The city became a "builder's dream" and SCG benefited from the pent up zeal for projects with revenue climbing up 30% annually.[4] As the hometown builder, SCG is responsible for many of the landmarks of Shanghai including [Shanghai Tower](/source/Shanghai_Tower).[5]

## International projects

SCG undertakes overseas construction projects and mining in [Eritrea](/source/Eritrea). It has an international focused subsidiary, the Shanghai (Group) Corporation for Foreign Economic & Technological Cooperation (SEFCO Group).[6]

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 in their bid to establish operations in Egypt.[7]

In February 2014, Shanghai Construction Group was awarded a contract for a sewage tunnelling project in Edmonton, Canada.[8] The $11-million bid marked the first time that a Chinese firm had done tunnelling work in North America.[9]

In 2014, the company was also contracted by the Tanzanian Ministry of Defence and National Service to construct 12,000 housing units for the [Tanzanian Peoples' Defence Force](/source/Tanzania_People's_Defence_Force) (TPDF) in a project financed by a $550m loan from the [Exim Bank of China](/source/Exim_Bank_of_China).[10]

Through an American subsidiary, the Group bought the [Hyatt Regency](/source/Hyatt) Orange County hotel for $137 million in 2015, following a trend in which Chinese state owned construction firms are increasingly investing in overseas real estate.[11]

## Mining activities

Shanghai Construction Group is also involved in international mining operations. In December 2011, its subsidiary, the Shanghai (Group) Corporation for Foreign Economic & Technological Cooperation (SEFCO Group), acquired a 60% stake in the Zara gold mine in [Eritrea](/source/Eritrea) for US$80 million.[6] The acquisition marked a diversification of SCG's international portfolio, which previously focused primarily on construction and engineering.

The Zara gold project, located near the capital city of Asmara, was developed as part of Eritrea's efforts to attract foreign investment in its natural resource sector. The mine was expected to produce approximately 104,000 ounces of gold annually during its early production phase.[12][13]

## Footnotes

1. **[^](#cite_ref-1)** Shanghai Municipal Government owned an additional 24.01% shares of the listed company via [Guosheng Group](https://en.wikipedia.org/w/index.php?title=Guosheng_Group&action=edit&redlink=1)

## References

1. **[^](#cite_ref-enr_2-0)** ["The Top 225 International Contractors"](http://www.enr.com/toplists/2015_Top_250_International_Contractors1). *Engineering News-Record*.

1. **[^](#cite_ref-3)** ["Shanghai Construction on the Forbes Global 2000 List"](https://www.forbes.com/companies/shanghai-construction/). *Forbes*. Retrieved 2017-07-04.

1. **[^](#cite_ref-4)** ["公司概况 | 上海证券交易所"](http://www.sse.com.cn/assortment/stock/list/info/company/index.shtml?COMPANY_CODE=600170).

1. ^ [***a***](#cite_ref-earlygrowth_5-0) [***b***](#cite_ref-earlygrowth_5-1) Faison, Seth (April 12, 1995). ["Shanghai Journal; Free Now to Build, China's Biggest City Binges"](https://www.nytimes.com/1995/04/12/world/shanghai-journal-free-now-to-build-china-s-biggest-city-binges.html). *New York Times*.

1. **[^](#cite_ref-6)** Wu, Ni. ["Tallest skyscraper in China reaches over 500m"](http://www.chinadaily.com.cn/china/2013-04/11/content_16394558.htm). *China Daily*.

1. ^ [***a***](#cite_ref-overseas_7-0) [***b***](#cite_ref-overseas_7-1) ["Shanghai Construction says to acquire Eritrea gold mine"](https://www.reuters.com/article/ozabs-shanghaiconstruction-eritrea-idAFJOE7BQ00G20111227). *Reuters*. December 27, 2011.

1. **[^](#cite_ref-cairo_8-0)** ["Chinese Firms Brave Uncertainty in Egypt"](https://www.nytimes.com/2012/08/30/world/middleeast/chinese-firms-brave-uncertainty-in-egypt.html). *New York Times*. August 30, 2012.

1. **[^](#cite_ref-9)** ["Chinese construction company gets Edmonton sewer contract, CCPPA calls it a 'violation' of standards"](http://www.ottawasun.com/2014/05/20/chinese-construction-company-gets-edmonton-sewer-contract-ccppa-calls-it-a-violation-of-standards). *Ottawa Sun*. Retrieved 2017-07-04.

1. **[^](#cite_ref-10)** ["Shanghai Construction Group makes North American tunnelling foray"](http://www.canadianundergroundinfrastructure.com/article/23361/shanghai-construction-group-makes-north-american-tunnelling-foray). *Canadian Underground Infrastructure*. 2016-05-03. Retrieved 2017-07-04.

1. **[^](#cite_ref-11)** ["GCR - News - Shanghai Construction Group to build 12,000 homes for Tanzanian army"](http://www.globalconstructionreview.com/news/sha4nghai-co16nstruction-gr0oup-b9uild-12000-homes/). *www.globalconstructionreview.com*. 10 October 2014. Retrieved 2017-07-04.

1. **[^](#cite_ref-12)** ["Shanghai Construction Group Buys California Hyatt | Mingtiandi"](https://www.mingtiandi.com/real-estate/outbound-investment/shanghai-construction-group-buys-orange-county-hyatt-for-137m/). *www.mingtiandi.com*. 18 November 2015. Retrieved 2017-07-04.

1. **[^](#cite_ref-13)** ["Zara Mining Share Company developing Zara Gold Project"](http://www.zaraming.com/zara-gold-project.html). *Zara Mining Share Company*. Retrieved 2025-04-11.

1. **[^](#cite_ref-14)** ["Chinese firms eye Africa's untapped resources"](https://www.scmp.com/article/986275/chinese-firms-eye-africas-untapped-resources). *South China Morning Post*. January 5, 2012.

## See also

- [Shanghai Municipal Investment Group](/source/Shanghai_Municipal_Investment_Group)

- [Shanghai Jiushi Group](/source/Shanghai_Jiushi_Group)

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v t e Gold mining companies of China Gold miners Baiyin Nonferrous Chifeng Gold China Gold China Gold International Resources Corporation Zhongjin Gold Hunan Gold Lingbao Gold Shandong Gold Tongguan Gold Western Region Gold Yunnan Gold Zhaojin Mining Zijin Mining Gold properties MCC Saindak China Nonferrous Metal Mining Group Pakrut Liaoning Hongda Busia Shanghai Construction Group Zara Sichuan Road and Bridge Group Asmara Tebian Electric Apparatus Upper Kumarg Tibet Huayu Mining TALCO Gold Historic CITIC Construction Amantaytau Sino Gold Mining Mining companies of China

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Adapted from the Wikipedia article [Shanghai Construction Group](https://en.wikipedia.org/wiki/Shanghai_Construction_Group) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Shanghai_Construction_Group?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.