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Skanska is planning to create about 1,500 jobs at its nationwide construction operations over the next three years.
Skanska UK is to create 62 new jobs at its Doncaster-based piling and foundation business, as part of a £12m investment in new facilities.
Skanska of Sweden is to move into the UK housebuilding sector with the creation of a new London-based division called Skanska Residential Development.
Skanska has won a £13m contract from Chelsfield Properties for the redevelopment of the Plaza Cinema in London's Regent Street.
Skanska has been selected as preferred bidder for the £180m redevelopment of the Walsgrave hospital in Coventry and is also closing in on a £177m contract for Southern Derbyshire Hospitals NHS Trust.