Construction firm plans expansion in US
China State Construction Engineering Corp, the world's largest investment and construction group by revenue, is planning a big expansion in the United States, a senior executive said.
"Many of the opportunities will come from increasing demand for upgraded infrastructure projects, which are focused on sustainable development in urbanization, real estate projects, service and communication sectors," said Yuan Ning, president of China Construction America Inc, a subsidiary of CSCEC.
Strategic Capital, the investment and development platform of CCA, launched its first development project located in the Hudson Square neighborhood of Manhattan in May. With a national portfolio in excess of $1 billion, the deal signifies Strategic Capital's first foray into the residential market in Manhattan.
