China National Chemical Engineering

China National Chemical Engineering Co., Ltd. (CNCEC) is a Chinese company in construction engineering and design, ranking 16th among general contractors worldwide by revenue and 20th among contractors by revenue from international projects (as of 2022).^[1][2]

China National Chemical Engineering Co. Ltd. (CNCEC)

Company type	State-owned
Industry	Construction
Headquarters	Beijing , People's Republic of China
Website	www.cncec.com.cn

The parent company of China National Chemical Engineering Co., Ltd. (SSE: 601117) is China National Chemical Engineering Group Corp., a state-owned enterprise that is supervised by State-owned Assets Supervision and Administration Commission of the State Council.

Projects

• The company announced in May 2012 a major deal with the UAE government worth $2.95 billion to complete the National House Scheme within a 5-year timeframe.^[3]
• The Iraqi government announced in January 2024 the start of a $2 billion project to build a new residential city west of Baghdad, with CNCEC and two other companies.^[4]

U.S. investment prohibition

In August 2020, the United States Department of Defense published the names of companies linked to the People's Liberation Army operating directly or indirectly in the United States. CNCEC was included on the list.^[5][6] In November 2020, Donald Trump issued an executive order prohibiting any American company or individual from owning shares in companies that the United States Department of Defense has listed as having links to the People's Liberation Army, which included CNCEC.^[7][8][9]