Construction Industry Federation Top 50 Surge Ahead
DRS was privileged last week to sponsor the Construction Industry Federation’s (CIF) Top 50 Contractors launch event in a year that is cause for much celebration. The combined turnover for Ireland’s top construction companies increased by 25% to €8.39 billion last year according to Construction magazine’s annual Top 50 CIF Contractors listing for 2019.
The annual listing gives a snapshot of the overall growth in Irish construction as it delivers many largescale projects throughout Ireland and the world, attracting foreign direct investment to Ireland and exporting almost €2.5 billion in construction expertise.
According to Construction magazine’s figures, the top 50 Irish contractors reported a combined turnover of €8.39 billion in 2018, with €5.9 billion of this activity taking place in Ireland, and almost €2.5 billion resulting from exported construction services, up more than 54% from €1.62 billion in 2017.
Over the years, the construction industry federation has seen a year on year increase in the turnover for the CIF top 50 contractors. In 2015, total turnover for the CIF top 50 was €4.9 billion, jumping to €6.72 billion in 2017, and €8.39 billion in 2018.