ICA Associated Civil Engineers

Infrastructure Construction Servicesica.com.mx

ICA Associated Civil Engineers is a Mexican publicly traded infrastructure construction and concession company, founded in 1947, delivering civil construction, industrial construction (via ICA Fluor JV with Fluor Corporation), and long-term infrastructure concessions for government and industrial clients across Mexico and 20+ countries.

Company typePublic
Founded1947
HeadquartersJuárez, Mexico
Headcount5,001–10,000
GTM typeB2B
OfferingServices

What ICA Associated Civil Engineers does

ICA Associated Civil Engineers (Empresas ICA) is a Mexican infrastructure construction and concession company founded in 1947, headquartered in Mexico City, and publicly traded on the Mexican stock exchange (OTCQB: ICAYY). The company operates across three integrated business lines: civil construction (roads, highways, metro systems, tunnels, bridges, dams, ports, airports, and hydraulic infrastructure), industrial construction (delivered through the ICA Fluor 50/50 joint venture with Fluor Corporation, focused on lump-sum turnkey projects for oil & gas, petrochemical, and energy sectors), and infrastructure concessions (long-term toll roads, water systems, drainage, sanitation, and public services operated under DBFOM arrangements). ICA's cumulative infrastructure footprint includes 12,200+ km of highways, 460+ km of tunnels, 230+ km of metro systems, 96 dams and hydroelectric plants, 64 major bridges, 44 ports, and all 12 lines of the Mexico City Metro system, which transports 800+ million passengers annually.

The company's business model is entirely B2B and government-facing, with no consumer products. Projects are secured through competitive public tenders, direct government contracts, and long-term concession agreements, with senior leadership directly involved in major negotiations. Pricing is custom quote-based per project with no standardized tiers. The go-to-market relies on engineering credentials, integrated DBFOM financing capability, and 77+ years of institutional relationships with the Mexican federal, state, and municipal governments — ICA is the only construction company with completed projects in all 31 Mexican states. Underlying technology includes BIM (Building Information Modeling) for digital project design and clash detection, LiDAR precision topography, drone photogrammetric surveys, and augmented reality for reality capture and construction monitoring. The company maintains an equipment fleet capacity of up to 1,300 units and a registry of 500+ subcontractors, with ISO 9001, ISO 14001, and ISO 37000 Anti-Bribery certifications.

Geographic reach spans 20+ countries across North America, Central America, the Caribbean, and South America, though Mexico remains the dominant market. Key reference projects include the Tren Maya (Tramo 4 and 5 Sur), the Túnel Emisor Oriente (62 km, 150 m depth — one of the world's largest drainage systems), the Refinería Olmeca Dos Bocas, the Bitúnel Tren Interurbano México-Toluca (4.7 km tunnel with 6,312 segment rings), and the Hidroeléctrica Santa María. ICA underwent a 2016 financial restructuring and refocused in 2018 on its three core businesses, with current operations reflecting a post-restructuring recovery phase backed by a renewed megaproject pipeline.

ICA Associated Civil Engineers firmographics

Firmographics

Name: ICA Associated Civil Engineers
Legal name: ICA
Website: https://ica.com.mx
Company type: Public
Founded year: 1947
Operating status: Operating
Headcount range: 5,001–10,000 employees
Short description: ICA Associated Civil Engineers is a Mexican publicly traded infrastructure construction and concession company, founded in 1947, delivering civil construction, industrial construction (via ICA Fluor JV with Fluor Corporation), and long-term infrastructure concessions for government and industrial clients across Mexico and 20+ countries.
Ownership category
akta.pro rank

ICA Associated Civil Engineers industry classification

Industry

Product category: Infrastructure Construction Services
NAICS: Heavy and Civil Engineering Construction (237), Highway, Street, and Bridge Construction (23731), Utility System Construction (2371)
SIC: Heavy Construction Other Than Bldg Const - Contractors (1600), Water, Sewer, Pipeline, Comm & Power Line Construction (1623)
akta.pro primary industry: Tunnels & Underground Rail Civil Construction (IMAFAFAE)
akta.pro secondary industries: Interchanges, Ramps & Flyovers Construction (IMAFAEAD), Oil & Gas Processing & LNG Facility Construction (IMAFADAB), Road & Tunnel Operations/Construction Interfaces (Tolling Infrastructure, Ventilation/Fire-Life-Safety Civil Works) (IMAFAEAL)

Keywords

Infrastructure construction services
Civil engineering projects
Industrial construction
Infrastructure concessions
Heavy construction contracting

Where ICA Associated Civil Engineers is headquartered

Location

Headquarters

HQ city: Juárez
HQ country: Mexico
HQ region: Latin America

Offices3 records

Markets served

ICA Associated Civil Engineers business model

Business model

GTM type: B2B
Offering type: Services
Cost components: Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

Civil Construction: General civil construction services including roads, highways, bridges, tunnels, metro systems, water treatment plants, hydraulic infrastructure. Projects are typically one-time with long execution cycles measured in years.
Infrastructure Concessions: Long-term concessions for infrastructure operation including toll roads, airports, water systems, and public services. Revenue generated through user fees, tolls, and government service payments over concession periods.
ICA Fluor Industrial Construction: Industrial construction through ICA Fluor partnership (50/50 joint venture with Fluor Corporation). Specializes in lump sum turnkey (IPC) projects for oil & gas, petrochemical, and energy sectors.
Project Financing (DBFOM): Design, Build, Finance, Operate, Maintain services where ICA contributes capital to projects and structures financial schemes for infrastructure development.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

ICA Associated Civil Engineers product offering

Product offering

Core offering

ICA Associated Civil Engineers designs, finances, builds, and operates large-scale infrastructure projects across Mexico and the Americas through three business divisions: civil construction (highways, bridges, tunnels, metro, dams, airports, ports, water systems), industrial construction via the ICA Fluor 50/50 joint venture with Fluor Corporation (Lump Sum Turnkey refineries, petrochemical plants, energy facilities), and long-term infrastructure concessions using the DBFOM (Design, Build, Finance, Operate, Maintain) model. Projects are secured through competitive bidding and direct government contracts, supported by advanced technologies including BIM, LiDAR precision topography, drone photogrammetric surveys, and tunnel boring machines.

Product overview

ICA Associated Civil Engineers operates as a unified construction and infrastructure operator with three main divisions: civil construction, industrial construction (via ICA Fluor joint venture), and concessions. The company provides integrated lifecycle services including engineering, procurement, construction, operation, and maintenance. Key offerings include BIM-based digital project modeling, drone/LiDAR reality capture surveying, industrial construction through ICA Fluor, and long-term infrastructure concessions. Technology services complement core construction capabilities, while supply chain management and risk management support project execution. Founded in 1947, ICA is the only construction company with completed projects in all Mexican states.

Differentiator

Problem solved

Functional benefit

Brands

Fundación ICA: Non-profit civil association created in 1986 to preserve, disseminate, and promote the historical heritage of ICA's institutional memory. Operates as a documentary source, research center, linkage platform, and living archive.

Products and services

Civil Construction Services Full-service civil construction covering roads, highways, bridges, tunnels, dams, hydroelectric plants, airports, ports, metro systems, railways, and water treatment facilities across Mexico and internationally; targeted at government agencies and concession-granting authorities.
ICA Fluor Industrial Construction Industrial Lump Sum Turnkey (IPC) construction services for oil & gas, petrochemical, and energy sectors executed through the ICA Fluor 50/50 joint venture with Fluor Corporation; over 28 years of operation and more than 200 projects delivered.
Infrastructure Concessions and Asset Management Long-term infrastructure concessions including highways, toll roads, water services, drainage, sanitation, and prison services, with portfolio optimization and asset management capabilities structured via DBFOM (Design, Build, Finance, Operate, Maintain).
Engineering, Procurement and Project Structuring Integrated project development services adding value in structuring, financial schemes, design, construction, operation, and maintenance of infrastructure projects; supports the DBFOM delivery model.
Building Information Modeling (BIM) and Digital Project Services

Quantifiable outcome

12,200+ km of highways and roads constructed
+7 more outcomes

Companies that use ICA Associated Civil Engineers

Customer profile

Named customers7 records

Segments4 records

Ideal customer profiles2 records

ICA Associated Civil Engineers technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Feature5 records

ICA Associated Civil Engineers partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

Fluor CorporationcoreStrategic or Co-development Partner · 1 January 1993ICA Fluor is a 50/50 joint venture partnership established in 1993 between ICA and Fluor Corporation. It operates as a leading IPC (Lump Sum Turnkey) industrial contractor with over 28 years of continuous operation and 200+ projects executed in oil & gas, petrochemical, and energy sectors. The partnership combines ICA's local market expertise with Fluor Corporation's global industrial construction capabilities.

Scale indicators20 records

Recent moves6 records

Expansion highlights7 records

ICA Associated Civil Engineers competitors and assessment

Company assessment

Broad incumbents

Bechtel Corporation: US-based global EPC firm executing large-scale infrastructure, tunneling, and industrial projects. Comparable to ICA in the execution of mega-projects and complex tunnels.
Hochtief AG: German-based global infrastructure contractor with strong presence in the Americas through Turner and Flatiron. Comparable in heavy civil construction, tunneling, and transportation infrastructure execution.
ACS Group (Actividades de Construcción y Servicios): Spanish global infrastructure and concessions conglomerate operating through Hochtief and Dragados. Comparable portfolio of large civil engineering, concessions, and industrial construction projects.
Ferrovial SE: Spanish infrastructure company with global operations in toll roads, construction, and airports. Comparable for integrated infrastructure development, construction, and long-term concessions.
VINCI Construction: Global construction and concessions arm of VINCI, executing large civil works, transport infrastructure, and highways worldwide. Relevant benchmark for ICA's integrated DBFOM concessions model.

Direct peers

Fluor Corporation: US-based global EPC firm and 50/50 partner in ICA Fluor. Operates the industrial construction JV that delivers lump-sum turnkey projects for oil & gas, petrochemical, and energy clients in Mexico and globally.
Carso Infraestructura y Construcción (CICSA): Mexican diversified construction and industrial contractor, part of Grupo Carso, executing large civil works, industrial, and infrastructure projects across Mexico. Direct domestic competitor on highways, tunnels, and industrial build-outs.
OHL México (OHLA Group): Spanish-headquartered construction and concession group with significant Mexican toll-road and infrastructure operations. Direct competitor on highways, bridges, and DBFOM concessions in Mexico.
Promotora y Operadora de Infraestructura (PINFRA): Mexican infrastructure operator and concession holder focused on toll roads, bridges, and ports. Comparable business model combining construction with long-term concessions, and competes directly for Mexican government infrastructure awards.

Regional players

LaPeninsula.com.mx / Grupo IDINSA: Mexican mid-sized construction and infrastructure group active in highways, bridges, and urban development. Competes with ICA for state and municipal civil works projects in Mexico.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

ICA Associated Civil Engineers compliance and trust

Trust signal

Compliance4 records

ICA Associated Civil Engineers financial estimates

Financial estimate

Revenue estimate

Valuation estimate

ICA Associated Civil Engineers leadership team

Management profile

Number of profiles

ICA Associated Civil Engineers subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

ICA Associated Civil Engineers funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

ICA Associated Civil Engineers M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ICA Associated Civil Engineers

What does ICA Associated Civil Engineers do?

Is ICA Associated Civil Engineers a public or private company?

ICA Associated Civil Engineers is a public company. It is classified as public and is currently operating.

When was ICA Associated Civil Engineers founded?

ICA Associated Civil Engineers was founded in 1947. It employs 5,001 to 10,000 people.

Where is ICA Associated Civil Engineers based?

ICA Associated Civil Engineers is headquartered in Juárez, Mexico, in the Latin America region.

How does ICA Associated Civil Engineers make money?

Four revenue lines are on record. Civil Construction is the primary driver. The others are infrastructure Concessions, ICA Fluor Industrial Construction and project Financing (DBFOM).

Who are ICA Associated Civil Engineers's main competitors?

Broad incumbents on record are Bechtel Corporation, Hochtief AG, ACS Group (Actividades de Construcción y Servicios), Ferrovial SE and VINCI Construction. Direct peers are Fluor Corporation, Carso Infraestructura y Construcción (CICSA), OHL México (OHLA Group) and Promotora y Operadora de Infraestructura (PINFRA). LaPeninsula.com.mx / Grupo IDINSA is listed as a regional player.

Does ICA Associated Civil Engineers have an API?

No public API is recorded for ICA Associated Civil Engineers.

What industry is ICA Associated Civil Engineers in?

ICA Associated Civil Engineers's product category is Infrastructure Construction Services. Its primary akta.pro industry code is IMAFAFAE, Tunnels & Underground Rail Civil Construction, with a secondary code of IMAFAEAD, Interchanges, Ramps & Flyovers Construction. Its NAICS code is 237 and its SIC code is 1600.