Construction is Skanska's largest business stream in terms of revenue and number of employees. Collaboration with the Group's other business streams and the Company's collective financial resources enable Skanska to take on large, complicated rojects where few competitors can match its expertise and strength.
Skanska’s Construction business stream builds and renovates buildings, industrial facilities, infrastructure and residences. It also executes service-related assignments, in areas such as construction services and facility operations and maintenance.
Market drivers and key trends
Growth in the Construction business stream strongly correlates to growth in GDP.
Infrastructure investments are largely driven by the public sector.
Urbanization brings an increasing need for infrastructure to be expanded, which increases demand for the construction business streams’ skills and products in areas such as highways, bridges, mass transit and water treatment works.