China State Construction wins U.S. subway deal

BEIJING, Nov. 24 (Xinhua) -- China State Construction Engineering Corp., the largest contractor in China, has bagged a subway ventilation project worth about 100 million U.S. dollars in New York's Manhattan area, China Daily reported Tuesday.

The deal marked the construction giant's third order in the United States' infrastructure space this year, the newspaper said.

In the first three quarters of this year, the Chinese construction giant signed more than 2 billion U.S. dollar worth of contracts in the U.S. market. It was also the contractor for a high school, a railway station and the Chinese embassy in the U.S., according to the newspaper.

Despite the progress made in the U.S. market, the Middle East, Asia and Africa remain the state builder's key markets. The value of its contracts in Algeria this year increased 32 percent year-on-year, exceeding 800 million U.S. dollars, and the value of its contracts in the Middle East surged 62 percent year on year, also exceeding 800 million U.S. dollars.

Nevertheless, the domestic market is still the largest contributor to China State Construction's revenue, mainly due to strong property sales and infrastructure sector projects, said the newspaper.