The State of Engineering,
Procurement & Construction Industry

The $1.2 trillion allocated under the Infrastructure Investment and Jobs Act (IIJA) represents the largest single federal infrastructure commitment in U.S. history, channeling funds across road rehabilitation, grid hardening, water systems, and broadband. Alongside it, the Inflation Reduction Act directs hundreds of billions into clean energy tax credits, accelerating solar, wind, and battery storage EPC pipelines. The CHIPS and Science Act further anchors semiconductor and advanced manufacturing construction spending. Together, these three policy programs are creating a decade-long backlog of EPC-eligible projects across transport, energy, and industrial sectors — reshaping North America's project pipeline at scale.

The EU Green Deal's €300 billion clean energy commitment is the world's most ambitious climate investment framework, translating directly into EPC contract pipelines for offshore wind, utility solar, green hydrogen, nuclear refurbishment, and HVDC transmission. The REPowerEU plan — launched to accelerate energy independence — adds dedicated funding for gas import diversification infrastructure and renewable acceleration. Germany's Energiewende program, France's energy sovereignty plan, and the UK's Contracts for Difference scheme are each generating sustained national EPC activity. These interlocking policy frameworks mean European EPC demand is policy-mandated, structurally embedded, and multi-decade in scope.

Saudi Arabia’s Vision 2030 is backing over $500 billion in transformation spending — the single largest national EPC catalyst anywhere in the world — spanning clean energy, smart city development, tourism, logistics, and industrial diversification. The UAE’s We the UAE 2031 strategy and Qatar’s National Vision 2030 add sustained pipelines across LNG expansion, petrochemical complexes, and renewable targets. Oman’s Vision 2040 and Egypt’s SuezMed green energy zone extend the regional program beyond the Gulf. These policy frameworks represent not individual projects but government-mandated, multi-decade EPC pipelines underpinned by sovereign capital. The region holds 27% of global EPC revenue.

Asia-Pacific's 48% share of global EPC revenue — nearly half of all project activity worldwide — reflects a scale of infrastructure construction unmatched by any other region. China's 14th Five-Year Plan commits to 1,200 GW of renewable capacity, feeding a continuous solar, wind, and grid EPC pipeline. India's National Infrastructure Pipeline allocates $1.9 trillion across highways, railways, ports, and power over five years. Japan's GX Green Transformation program and South Korea's Renewable Energy 3020 plan are driving offshore wind and hydrogen infrastructure EPC at government-mandated scale. Southeast Asian nations are further sustaining demand through rapid urbanization, industrial park expansion, and growing LNG import infrastructure.