# FORM 6-K
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

# Report of Foreign Private Issuer

# Pursuant to Rule 13a-16
or 15d-16of the Securities Exchange Act of 1934

For the month of November, 2003Commission File Number 1-11080

THE ICA CORPORATION
HOLDING COMPANY(Translation of registrants name into English)

Minería No. #14511800 México D.F.
(Address of principal executive offices)

Form 20-F....X.....Form 40-F.........

Indicate by check mark if the
registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule
101(b)(1): ____ 

Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7): ____ 

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby
furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.

Yes ..... No...X...

If Yes is marked, indicate
below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-
________

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# ENGLISH TRANSLATION OF
SPANISH ORIGINAL

# ICA INFORMS ABOUT THE
RIGHTS OFFERING THAT WILL BE PART OF THE CAPITAL INCREASE

Mexico City, November 4, 2003
 Empresas ICA Sociedad Controladora, S.A. de C.V. (BMV and NYSE: ICA), the
largest engineering, construction, and procurement company in Mexico, informs today about
the scope of the rights offering that will be part of the capital increase that ICA
intends to submit for the consideration of its shareholders at the shareholders
meeting to be held on November 17, 2003.

The rights offering, if approved by
ICAs shareholders, would be made exclusively in Mexico pursuant to applicable
Mexican law. Given that ICAs shares are held through SD Indeval, S.A. de C.V.
(INDEVAL), the rights may be subscribed only through INDEVAL. In due course, shareholders
should contact their broker dealer for any information regarding their subscription
rights,

THE RIGHTS OFFERING WILL NOT BE
REGISTERED IN ANY JURISDICTION OUTSIDE MEXICO, AND MAY BE RESTRICTED BY APPLICABLE LAW IN
CERTAIN JURISDICTIONS. IN PARTICULAR, THE RIGHTS OFFERING WILL NOT BE REGISTERED IN THE
UNITED STATES UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE SECURITIES
ACT) AND THE RIGHTS MAY NOT BE OFFERED TO OR EXERCISED BY ANY PERSON IN THE UNITED
STATES ABSENT REGISTRATION UNDER THE SECURITIES ACT OR AN APPLICABLE EXEMPTION FROM THE
REGISTRATION REQUIREMENTS UNDER THE SECURITIES ACT.

Founded in 1947, ICA has completed
construction and engineering projects in 21 countries. ICAs principal business units
include Civil Construction and Industrial Construction. Through its subsidiaries, ICA also
develops housing, manages airports and operates tunnels, highways, and municipal services
under government concession contracts and/or partial sale of long-term contract rights.
www.ica.com.mx

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SIGNATURE

Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: November 4, 2003

| | Empresas ICA Sociedad Controladora,
S.A. de C.V.                                  
| | ----------------------------------------------------------------------------------
| |                                                                                   
| | /s/ JOSE LUIS GUERRERO
Name: Dr. José Luis Guerrero
Title: Vice President, Finance