📋 Tender Overview
Webuild and Hyundai Engineering & Construction (Hyundai E&C), two of the main global players in the development of complex infrastructures, have signed a Memorandum of Understanding (MoU) aimed at consolidating a collaboration that is already taking shape in various markets with strong infrastructure dynamics. The agreement opens a new phase in this industrial partnership, with the goal of integrating complementary skills and expanding the presence of the two groups in highly specialized segments. The agreement will indeed guide an exclusive cooperation focused on specific markets, particularly in the sectors of port, airport, and defense infrastructures, in areas characterized by advanced technological requirements and in the green energy sector.
With the signing of the agreement, the two groups consolidate their intention to combine technical skills and design and construction know-how developed in global contexts. The partnership will allow Hyundai E&C to accelerate its internationalization process and Webuild to strengthen its positioning in high value-added niche sectors with good growth prospects on a global scale.
The agreement provides for the possibility of establishing dedicated joint ventures, tailored to the needs of individual projects and inspired by Webuilds best practices, so as to present themselves with integrated structures capable of operating as contractors in PPP, EPC, or Design & Build modes. The goal is to respond even more effectively to the technical and organizational requirements demanded by large international clients, optimizing time, resources, and execution capabilities.
Based on principles of transparency, mutual reliability, and knowledge sharing, the agreement aims to build a solid platform to jointly seize opportunities in very dynamic areas, particularly in Asia-Pacific and North America, where the demand for resilient and high-tech infrastructures is rapidly growing. For both groups, the agreement thus represents a significant step towards an even stronger and more diversified international presence.
Webuild, with a revenue of EUR13.6 billion in 2025 and about 95,000 employees, brings to the partnership 120 years of globally recognized engineering tradition and a track record of complex works carried out in some of the most challenging geological and operational contexts in the world. For years ranked first in the water sector in the American magazine ENR, the Group stands out for its established leadership on five continents with significant projects such as the Grand Ethiopian Renaissance Dam (GERD), the expansion of the Panama Canal, the Long Beach International Gateway in the United States, the Second Bosphorus Bridge in Turkey, and the environmental remediation project Riachuelo in Argentina. In the new agreement, the Group will contribute with an industrial model made of constantly optimized best practices and its construction excellences and the ability to structure complex financing models to support high-strategic-value projects.
Hyundai E&C (founded in 1947), part of Hyundai Motor Group, is one of the leading contractors in the sector, with cumulative international orders amounting to EUR145.5 billion since its entry into the global construction market in 1965 (representing 14.5% of the total construction contracts awarded to Korean companies abroad). The company recorded over EUR20 billion in revenues in 2024 and has about 15,000 employees. Always ranked among the top 10 international contractors in the world by ENR, it operates in numerous countries across Asia, the Middle East and Africa, Europe, the CIS region, North and South America, leading the Korean construction industry thanks to its extensive portfolio of activities, which includes infrastructure, construction, housing, plants, and new energy.
