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

                        Report of Foreign Private Issuer

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



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

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

                                Mineria No. #145
                                11800 Mexico D.F.
                    (Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.

                    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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[ICA LOGO]                                                         PRESS RELEASE
--------------------------------------------------------------------------------

For more information contact:

Dr. Jose Luis Guerrero
(5255) 5272-9991 x2060                                  in the United States:
jose.guerrero@ica.com.mx                                Zemi Communications

Lic. Paloma Grediaga                                    Daniel Wilson
(5255) 5272-9991 x3470                                  (212) 689-9560
paloma.grediaga@ica.com.mx                              d.b.m.wilson@zemi.com


                ICA REPORTS ON RECENT DEVELOPMENTS REGARDING THE
                          PUERTO RICO COLISEUM PROJECT

Mexico City, August 27, 2003 - Empresas ICA Sociedad Controladora, S.A. de C.V.
(BMV and NYSE: ICA), the largest engineering, construction, and procurement
company in Mexico, reported recent developments related to the construction of
the Puerto Rico Coliseum in San Juan.

The Puerto Rico Finance Authority for Industrial, Tourism, Educational, Medical,
and Environmental Facilities (AFICA, for its Spanish acronym), as owner of the
project, and ICA Miramar, a joint venture business entity formed by ICA
Construccion Urbana, S.A. de C.V. and Miramar Construction Company, Inc., signed
a US$ 122.3 million construction contract for the Puerto Rico Coliseum in July
1998; work began that same month.

From 1998 to 2001, AFICA generated change orders that represented an increase in
the contract price and an extension to the original construction period to
complete the project. As a result of disputes relating to these change orders
ICA Miramar initiated arbitration proceedings in 2002. However, the legal basis
of this arbitration has been subject to a decision from the Court of First
Instance in San Juan, which is still pending.

In June 2003, ICA Miramar notified AFICA of the `substantial completion' of the
project, which is 97.53 percent complete. Subsequently, AFICA informed ICA
Miramar of an alleged contractual default, effective as of August 27, 2003,
whereby it unilaterally terminated the construction contract. This notification
was made despite AFICA's acknowledgement, in conformance with signed documents
in August 2003, that the project is more than 90 percent complete and that the
installations are capable of being used by AFICA for the purposes for which they
were constructed. Under Puerto Rican jurisprudence, these are the two conditions
required to recognize a contract as substantially completed. Once the project is
substantially completed, AFICA can no longer invoke the termination of the
contract

Despite the fact that the project is 97.53 percent complete, AFICA has refused
to recognize its substantial completion, and is thereby hindering the completion
of the project. In the opinion of ICA Miramar's counsel the AFICA's default
declaration violates the contract terms, and it is not consistent with Puerto
Rican law.

In order to avert potential consequences that could arise from AFICA's actions,
ICA Miramar is using all the legal means at its disposal. On August 26, 2003,
ICA Miramar sought an injunction in Puerto Rican courts in order to protect its
rights. The injunction request was filed and presented jointly before the court
by attorneys for ICA Miramar and Federal insurance Company, which is providing
the surety for the project.

ICA Miramar is seeking provisional, preliminary, and permanent injunctions as
well as a ruling that ICA Miramar has substantially completed the project, and
that AFICA is prevented, as a matter of law, from taking this unilateral action.
It is also requesting that the court rule that AFICA cannot terminate the
contractual relationship without first acknowledging ICA Miramar's rights to
complete the work. During this judicial proceeding, the Court of First Instance
will determine the legality of AFICA's actions and issue its corresponding
ruling.

In accordance to Generally Accepted Accounting Principles, ICA Miramar has
created reserves of US$ 14.8 million to cover potential economic damages from
the project required by AFICA It is important to note that, given the current
state of the project (with 97.53 percent of the work recognized and approved by
AFICA), only 2.47 percent is required to complete the project pursuant to the
original contract and the approved change orders.

This release may contain projections or other forward-looking statements related
to ICA that involve risks and uncertainties. Readers are cautioned that these
statements are only predictions and may differ materially from actual future
results or events. Factors that could cause actual results to differ materially
and adversely include, but are not limited to: changes in general economic,
business or political or other conditions in Mexico or changes in general
economic or business conditions in Latin America, changes in capital markets in
general that may affect policies or attitudes towards lending to Mexico or
Mexican companies, increased costs, unanticipated increases in financing and
other costs or the inability to obtain additional debt or equity financing on
attractive terms. Readers are referred to the documents filed by ICA with the
United States Securities and Exchange Commission, specifically the most recent
filing on Form 20-F which identifies important risk factors that could cause
actual results to differ from those contained in the forward-looking statements.
All forward-looking statements are based on information available to ICA on the
date hereof, and ICA assumes no obligation to update such statements.


INVESTOR RELATIONS                                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: August 28, 2003


                                             Empresas ICA Sociedad Controladora,
                                              S.A. de C.V.

                                              /s/ JOSE LUIS GUERRERO
                                              ----------------------
                                             Name: Dr. Jose Luis Guerrero
                                              Title:  Vice President, Finance