Skanska has secured a contract worth USD 1.2 billion to construct four data centers in the southeast region of the United States, the Swedish construction company announced on August 20, 2026.

The deal, signed with an existing client, will be recorded in Skanska's US order bookings for the third quarter of 2026 and represents one of the company's largest single data center commitments in recent memory.

Scope and Scale of the Project

The contract covers the construction of four separate data center facilities totaling approximately 75,000 square meters, or roughly 808,000 square feet.

The work encompasses constructing the shell of each building as well as interior fit-out for technical spaces, support areas, and office functions.

While the specific locations within the southeast region have not been disclosed, the combined footprint of the four facilities underscores the significant scale of the undertaking.

Construction is scheduled to begin in the third quarter of 2026, with completion expected by the third quarter of 2028, giving the project a build timeline of approximately two years.

An Existing Client Relationship

Skanska described the counterparty as an existing client, though the company did not name the customer in its public announcement.

The characterization of the relationship as ongoing rather than a new business win suggests Skanska has previously delivered work for this client, potentially in the data center sector or elsewhere in the United States construction market.

The contract adds a substantial sum to Skanska's US order book at a moment when demand for data center construction continues to grow across the country.

The project's inclusion in third-quarter 2026 bookings means its financial weight will be reflected in Skanska's next set of reported figures.

Context Within Skanska's Broader US Pipeline

The southeast data center contract is not an isolated transaction for Skanska in the current period. Around the same time, the company also announced it had signed an additional contract to build a data center in Virginia worth USD 238 million with an existing client.

That Virginia project adds to a growing portfolio of data infrastructure work Skanska is carrying out across the eastern United States.

Separately, Skanska and joint venture partner Stacy Witbeck signed a contract with the Los Angeles County Metropolitan Transportation Authority for a light rail transit project in Van Nuys, California, valued at USD 957 million.

Taken together, these announcements reflect a busy contracting period for Skanska's US operations spanning both infrastructure and technology-related construction.

Data Centers as a Construction Growth Area

The four-facility southeast contract highlights the continued appetite among technology and cloud infrastructure companies for purpose-built data center space.

At 75,000 square meters across four buildings, the project represents a meaningful addition to the region's digital infrastructure capacity.

The inclusion of technical spaces, support areas, and office functions in the scope indicates that the facilities are being built to serve operational personnel as well as the hardware and systems that will run inside them.

Skanska has positioned itself as a significant player in the data center construction market within the United States, and the back-to-back announcements of large contracts in this sector suggest the company is actively pursuing and winning work from repeat clients in the space.

Financial Significance for Skanska

At USD 1.2 billion, the Southeast data center contract is a materially significant addition to Skanska's order book. The booking into the third quarter of 2026 means the revenue associated with the contract will begin flowing through Skanska's accounts as construction work progresses toward the 2028 completion target.

Skanska is headquartered in Stockholm, Sweden, and operates across multiple markets, including the United States, Europe, and other regions.

Its US construction business handles projects spanning commercial buildings, transportation infrastructure, healthcare facilities, and, increasingly, data centers.