The annual report on the most valuable engineering and construction brands.
The combined value of Chinese brands now accounts for over 28% of US$226.9 billion total brand value in the Brand Finance Engineering & Construction 25 league table, leaving the US behind with a share of 25%. There are six US and six Chinese brands in the ranking, and while last year the two countries were on par, each accounting for just under 27% of the total brand value in the sector, this year the Chinese brands have asserted their dominance.
China’s engineering and construction companies are perfectly positioned to drive the trillion-dollar Belt and Road Initiative, probably one of the most ambitious in history. But multinationals can also tap into this great business opportunity, with Siemens and GE already signing multiple joint agreements with Chinese parties.
David Haigh, CEO, Brand Finance