Published on 03rd March 2023
The construction industry plays a critical role in the Italian economy, employing over 3 million people and contributing over £110 billion to the country's gross domestic product (GDP). Despite the challenges posed by the pandemic, the industry has remained resilient and shows signs of growth. In fact, the Italian construction industry is currently ranked sixth in the world, and recent data suggests that the industry is on the rise again.
Italy Construction Industry - An Overview
In the third quarter of 2021, the gross market size of the Italian construction sector reached pre-pandemic levels and continued to grow throughout 2022, with support from the Italian government as well as EU grants. This positive trend was not limited to any one region of the country. In fact, the number of new homes registered to be built in 2021 increased in every region except London, with the North East, East Midlands, and Eastern regions experiencing growth rates of over 45 percent.
One of the most significant growth areas within the Italian construction industry has been infrastructure construction, which has seen a marked increase in market share. This trend is expected to continue, as the government has committed to investing heavily in infrastructure development across the country in the coming years.
Top construction companies in Italy
Saipem SpA.
|
Founded |
1957 |
|
Address |
Milan, Italy |
|
Services |
Offshore and Onshore Engineering and Construction Drilling rig Drillship and FPSO operations |
|
Sector |
Oil & Gas Energy |
|
Major Projects |
Nord Stream 1 Greenstream pipeline Blue Stream |
Saipem is an Italian engineering and construction company that dominates the oil and gas construction market. Founded in 1957, the company is headquartered in Milan, Italy, and has a global presence with operations in over 70 countries. Saipem used to be a subsidiary of the Italian energy company Eni.
Saipem operates in several business segments, including offshore engineering and construction, onshore engineering and construction, drilling services, and floating production units. In fact, offshore engineering and construction together form the largest segment of its construction activity and revenue.
One of the company's strengths is its strong expertise in the design and construction of offshore oil and gas platforms, pipelines, and subsea infrastructure. Saipem also has a proven track record of executing large, complex projects in challenging environments, such as deepwater and arctic regions.
the company faces competition from other engineering and construction firms, particularly from Asia, which are able to offer lower costs due to their lower labor costs.
To address these challenges, Saipem has been focusing on diversifying its business into renewable energy and infrastructure projects. The company has been actively pursuing contracts in offshore wind and geothermal energy projects, as well as infrastructure projects such as ports, highways, and airports.
Webuild SpA
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Founded |
1928 |
|
Address |
Milan, Italy |
|
Services |
Infrastructure & Engineering Industrial Plant Construction Motorway Operation & Concession |
|
Sector |
Dams & Hydroelectric Works Motorways and Airports Railways and Undergrounds Civil and Industrial buildings |
|
Major Projects |
Milan Metro System - Line 4 Texas High-Speed Rail Ushuaia international airport |
Webuild (formerly known as Salini Impregilo) is an Italian engineering and construction company that specializes in large-scale infrastructure projects. The company was founded in 2014 through the merger of Salini and Impregilo, two companies with a long history of engineering and construction expertise.
Webuild operates in several business segments, including civil engineering, infrastructure, and energy. The company is well-known for its expertise in the construction of large, complex infrastructure projects such as bridges, highways, dams, and tunnels.
One of the company's strengths is its strong track record of executing large-scale projects on time and within budget. The company has successfully completed many high-profile projects, including the Panama Canal expansion, the Genoa Bridge in Italy, and the Riyadh Metro in Saudi Arabia.
Webuild also has a global presence, with operations in over 50 countries. The company's international operations account for a significant portion of its revenue and has a strong reputation for adapting to local market conditions and regulations.
Maire Tecnimont SpA
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Founded |
1977 |
|
Address |
Rome, Italy |
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Services |
Engineering and Contracting |
|
Sector |
Oil and Gas Chemicals and Petrochemicals Green Chemistry |
|
Major Projects |
Amur Gas Processing Plant Project, Russia Azikel Refinery Project, Nigeria In Salah Gas Project, Algeria |
Maire Tecnimont is an Italian-based engineering and technology company that provides various services related to the energy and infrastructure sectors. The company is listed on the Milan Stock Exchange and operates globally, with a presence in more than 40 countries.
Maire Tecnimont operates through two main business segments: Engineering & Construction (E&C) and Technology & Licensing (T&L). The E&C segment involves designing, engineering, and constructing industrial plants and infrastructure for various industries, such as oil and gas, petrochemicals, and renewable energy. The T&L segment provides proprietary technologies and licenses them to clients in the same industries.
Maire Tecnimont operates in several geographical locations, including Europe, the Middle East, Africa, and Asia Pacific. The company has a robust market presence in the energy and infrastructure sectors, which are poised for significant growth in the coming years. Additionally, the company has developed a strong network of partnerships and joint ventures with local firms in several countries, allowing it to leverage local expertise and expand its business.
Maire Tecnimont has adopted a strategic direction focused on expanding its business in the energy transition sector, with a focus on renewable energy and circular economy solutions. The company has already made significant progress in this direction, with several projects in the solar and wind power sectors. The company has also adopted a sustainable business approach, with a strong emphasis on environmental, social, and governance (ESG) factors in its operations.
Maire Tecnimont faces competition from other global engineering and technology firms, such as TechnipFMC, Fluor, and Saipem. However, the company's strong market presence in the energy and infrastructure sectors, along with its focus on renewable energy, provides it with a competitive advantage in the evolving market.
Bonatti SpA
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Founded |
1946 |
|
Address |
Parma, Italy |
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Services |
EPC and Construction of Plants and Pipelines Operation & Maintenance Automation |
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Sector |
Utility Logistics Energy |
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Major Projects |
El Encino – Ojinaga Pipeline Eugal Pipeline Project West Nile Delta Project |
Bonatti is an Italian EPC company that has established itself as a global player in the oil and gas industry. The company's strengths lie in its expertise in the energy sector, strong financial position, and international presence. However, Bonatti is also vulnerable to market risks due to its dependence on the oil and gas industry and limited diversification.
To address these risks, Bonatti could explore opportunities in the renewable energy sector and infrastructure development. These opportunities align with the growing demand for clean energy and infrastructure development in emerging economies. By expanding into these areas, Bonatti could leverage its expertise in the energy industry and diversify its revenue streams.
The company has developed cutting-edge new technology and solution to optimize the efficiency and sustainability of its projects. For example, Bonatti International has developed a modular approach to construction, which allows for faster and more efficient installation of pipelines and plants. The company also emphasizes sustainability in its operations, implementing measures to reduce carbon emissions and environmental impact.
ASTM SpA
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Founded |
1938 |
|
Address |
Turin, Italy |
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Services |
Construction Engineering & Design Concession |
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Sector |
Civil Infrastructure Roadways |
|
Major Projects |
FSO N'Kossa II, Republic of the Congo Snam Rete Gas Pipeline, Italy ITER Project, France |
ASTM group operates in various sectors such as motorway management, infrastructure engineering and construction, and transport and mobility technology. Their business model integrates diverse competencies that cover all operations and the entire value chain of the infrastructure sector. With concessions in Italy, Brazil (through EcoRodovias), and the UK, the Group is the second largest toll road operator in the world with approximately 6,200 km of road managed.
Large infrastructure design and construction work is carried out through SINA, the Group's engineering company, and ITINERA, a global player in the construction of transport infrastructure and civil construction projects. ITINERA also operates in the United States market through Halmar International. In the technology sector, the Group is present through SINELEC, a company specializing in the design, construction, and management of advanced security, info-mobility, toll collection systems, and ITS.
ASTM is subject to the Management and Coordination of Nuova Argo Finanziaria, a holding company controlled by Aurelia - Gavio Group, and Ardian, a private investment company.
SICIM SpA
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Founded |
1962 |
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Address |
Busseto, PR, Italy |
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Services |
Engineering & Construction Maintenance Project Management |
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Sector |
Oil & Gas Mobility Hospitality |
|
Major Projects |
Pembina Pipeline Corporation, Canada NET4GAS, Czech Republic Oil Gathering Network Installation, Iraq |
Sicim SpA is an Italian company that provides engineering, procurement, and construction (EPC) services for the oil and gas industry, as well as for power generation and infrastructure projects. The company was founded in 1962 and has since expanded its operations globally, with a presence in Europe, Africa, the Middle East, Asia, and the Americas.
The company has a proven track record of delivering complex projects on time and within budget, which has helped it establish long-term partnerships and contracts with major clients such as Eni, Shell, and BP. Sicim SpA's expertise spans the entire value chain, from feasibility studies and design to construction and commissioning.
The company has developed advanced solutions to optimize the efficiency and sustainability of its projects. For example, Sicim SpA has implemented digital technologies to improve project management and reduce costs, as well as renewable energy solutions to reduce the environmental impact of its operations.
Impresa Pizzarotti & C. SpA
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Founded |
1910 |
|
Address |
Parma, Italy |
|
Services |
Construction Engineering and Design Project Management Environmental and Sustainability Solutions |
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Sector |
Civil & Military Infrastructure Energy Environment Hydraulic engineering Real estate |
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Major Projects |
Venice Airport Constantine Tramway, Algeria Gotthard Base Tunnel, Switzerland |
Impresa Pizzarotti & C. SpA is an Italian construction company that has been in operation for over 100 years. The company provides a range of services including civil engineering, building construction, and infrastructure development. The company has completed various projects in Italy and internationally, such as the construction of airports, highways, bridges, and other infrastructure.
The EPC general contractor has a long history of successful projects and has established a reputation for high-quality workmanship. The company's experience and expertise allow it to take on complex projects and complete them within budget and on time.
In 1996, Impresa Pizzarotti & C. SpA became one of the first Italian construction companies to obtain quality system certification, which now adheres to the UNI EN ISO 9001/2008 standard. Since 2005, this quality system has been combined with environmental and work safety management. The company has achieved conformance certification for both the "environmental management system and organization" UNI EN ISO 14001/2004 standard and the "health and safety management system and organization OHSAS 18001/2007 standard."
Through Protos SOA SpA, the company worked to renew its qualification for public works execution according to law DPR 34/2000. This allows the company to design and construct works up to VIII grade classification, with an unlimited amount, across 26 different categories, 19 of which have an unlimited amount, including both general and specialized works.
Some other notable EPC companies in Italy
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Why is this list of the largest Italian EPC companies important?
This list is important for Building/Project Owners, Clients, Engineers, Subcontractors, Construction Project Managers, Building Material Suppliers, and Architects. A compiled list of the most reputable and reliable construction companies in Italy can allow you to identify the best relevant partners and address them directly for your next project.
If you want more information on the largest construction/EPC companies in the world, check out our publication here.
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