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Italian-Thai Development (ITD) revenue (2020-2024)

~THB 64B (2024)

As of2020-2024 (SET 56-1 One Reports)·Sources3·Primary·Historical series (5 points)

Italian-Thai Development PLC (SET:ITD), Thailand's largest engineering, procurement, and construction (EPC) contractor by revenue, posted approximately THB 64 billion (~USD 1.8B) of revenue in 2024 per its 56-1 One Report and SET filings, up from a THB 51B 2020 trough on resumed government infrastructure pipeline and EEC project mobilisations. The 2024 result included a sizeable net loss (~THB 16B) driven by Dawei deep-sea port write-downs and Mongolian potash mine cost overruns. ITD anchors Bangkok mass-transit civil works (MRT Orange Line, Yellow Line, Pink Line consortia), highway megaprojects, and Suvarnabhumi Phase 3.

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Figure in context

Italian-Thai Development PLC (SET:ITD), Thailand's largest engineering, procurement, and construction (EPC) contractor by revenue, posted approximately THB 64 billion (~USD 1.8B) of revenue in 2024 per its 56-1 One Report and SET filings, up from a THB 51B 2020 trough on resumed government infrastructure pipeline and EEC project mobilisations. The 2024 result included a sizeable net loss (~THB 16B) driven by Dawei deep-sea port write-downs and Mongolian potash mine cost overruns. ITD anchors Bangkok mass-transit civil works (MRT Orange Line, Yellow Line, Pink Line consortia), highway megaprojects, and Suvarnabhumi Phase 3.

51.2202056.8202158.4202260.7202364.12024
Interpretation notes

What this tells you

Italian-Thai Development PLC (SET:ITD), Thailand's largest engineering, procurement, and construction (EPC) contractor by revenue, posted approximately THB 64 billion (~USD 1.8B) of revenue in 2024 per its 56-1 One Report and SET filings, up from a THB 51B 2020 trough on resumed government infrastructure pipeline and EEC project mobilisations. The 2024 result included a sizeable net loss (~THB 16B) driven by Dawei deep-sea port write-downs and Mongolian potash mine cost overruns. ITD anchors Bangkok mass-transit civil works (MRT Orange Line, Yellow Line, Pink Line consortia), highway megaprojects, and Suvarnabhumi Phase 3.

What not to do with it

Values in THB billion. ITD revenue is a useful proxy for the very-large-contractor segment but should not be read as a sector total.

Related figures

Adjacent numbers that add context without drowning the value.

2024 year-end backlog (SET filings)
ITD ~THB 240B

Thailand top EPC contractor backlog (2024)

ITD, Bangkok Post infrastructure coverage

end-July 2025 progress
14.06%

MRT Orange Line civil construction progress (Jul 2025)

Mass Rapid Transit Authority of Thailand, Bangkok Post infrastructure coverage, BEM SET filings

end-2024 ACT registry
~3,500

Thailand registered architecture firms (2024)

Architect Council of Thailand, DBD architecture-services SIC filings

end-2024 COET registry stock
~180K licensed

COET (Council of Engineers Thailand) registered professional engineers

Council of Engineers Thailand, TABEE Annual Report, ASEAN MRA mobility filings

end-2024 ACT registry stock
~32K licensed

Architect Council of Thailand (ACT) registered architects

Architect Council of Thailand, ASEAN Architect MRA filings

2020-2024 cumulative certifications
~448 cumulative

Thailand LEED-certified projects (2020-2024)

U.S. Green Building Council, Thai Green Building Institute, Bangkok Post property coverage

Report context

Thailand Engineering, Architecture & Design Services Market Intelligence

Thailand's engineering, architecture, design services fee pool reached ~THB 60-65B in 2025-2026, sitting as the professional services layer feeding the THB 1.3T construction stack. Listed contractor anchors Italian-Thai Development (SET: ITD, ~THB 137-185B backlog), CH. Karnchang (SET: CK, 8x cover, MRT Orange Line West sponsor), Sino-Thai (SET: STECON, 4x cover, U-Tapao expansion lead), Unique Engineering (SET: UNIQ), Power Line Engineering (SET: PLE, MEP specialist) and Christiani & Nielsen Thai (SET: CNT) monetise design-build engineering. TEAM Group (SET: TEAMG) is the only pure-play engineering-consulting listing at ~THB 2.5B FY2024 revenue. AECOM Thailand (MRT Orange Line West lead designer, 100+ Bangkok staff), WSP, Meinhardt dominate foreign consultancy. Architecture is led by A49 (200+ collaborators, One Bangkok LEED Platinum), Plan Architect, ONG-ARD, Palmer & Turner Bangkok, DWP, with SOM, Foster, Partners, Zaha Hadid on signature mandates. Bangkok M-MAP2 Orange Line at 14% civil completion July 2025, Brown Line bidding late-2026, HSR consortium (CP, CK, BEM, ITD, CRCC) still pending cabinet approval through end-2025, and accelerating LEED, TREES, WELL sustainability adoption are the demand-shaping forces through 2031.

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Atlas actors in this figure's reports

Profiles covered in the report that cite this number.

CH. Karnchang

Largest-ROE Thai civil contractor; MRT Orange Line west, Xayaburi hydropower, dam-project pipeline; FY2024 revenue ~THB 35B.

Christiani & Nielsen (Thai)

Danish-heritage diversified contractor since 1930; building, civil, marine, industrial; FY2024 revenue ~THB 6B.

Italian-Thai Development

Largest-revenue Thai civil contractor; MRT Orange Line east, Suvarnabhumi, Don Mueang; FY2024 revenue ~THB 55B; Dawei legacy watchpoint.

Power Line Engineering (SET:PLE)

SET-listed Thai engineering and construction firm; SET:PLE; transmission, substation, electrical infrastructure.

Sino-Thai Engineering and Construction

Third major Thai civil contractor; balanced building, infrastructure; FY2024 revenue ~THB 28B; no offshore legacy risk.

Unique Engineering and Construction

Mid-cap civil specialist; double-track rail, expressway; FY2024 revenue ~THB 12B; SRT Phase 2, motorway pipeline.

Italian-Thai Development (ITD) revenue (2020-2024) · Insight