During the past year (April 1, 2017 till May 31, 2018), Dubai-based contractor, ASGC, has been the main contractor for a number of reputed projects, including City Walk Phase 2 in Dubai, Green Community expansion Phase 1, Enterprise Command and Control Centre, and many more. Which, in turn, catapulted ASGC to bag the sixth position in this years Power Hour. Since it was established, ASGC has delivered commercial complexes, high-rise buildings, hotels and resorts, industrial projects, and landmark social infrastructure developments. Amongst these are blue-chip names such as Sustainability Pavilion, Six Flags, Mohammed bin Rashid Library, Dubai Arena, Bluewaters Island,…
Author: Mehak Srivastava
Continuing with the streak of profitability, Dubai-based Arabtec Holding recorded a revenue of AED2.4bn in Q1 2018 and AED63.3mn in the first quarter of 2018. The groups backlog stood at AED16.2bn as of March 31, 2017, well supported with a solid pipeline of AED16bn of tenders submitted or under preparation in its primary market of the UAE. Under the guidance of Hamish Tyrwhitt, the group CEO of Arabtec Holding, the group has achieved five consecutive quarters of profitability while maintaining a strong backlog, well supported by a number of quality awards across the group, which places the contractor in the…
In April 2018, a joint venture between TAV Construction and Ballast Nedam has been appointed to build the new pier at Amstersdam’s Schphol Airport. The contract includes the construction of the pier, gatehouses, and the surrounding aircraft stands. Covering an area of 55,000sqm, the new pier will boast five gates for narrow-body aircraft on the north side and three gates for wide-body aircraft on the south side. The GCC is a huge area of focus for the company with the UAE, Saudi Arabia, and Bahrain, where its JV with Arabtec worked at the $1.1bn new terminal contract for Bahrain International…
Hamed Zaghw became the chief executive of Aecom in 2017 and was given the responsibility of growing the business with an emphasis on the quality and responsiveness to client needs. Under Zaghws guidance, at the end of the second quarter, the total backlog of projects reached a new record of $50bn, an 18% increase over FY17 (global figures). Zaghw tells CBNME: Saudi Arabia is a top growth market for Aecom. The types of projects we are seeing there are of a very special nature. They demand the latest technologies and a global capability to be able to deliver them. Were…
Talal Moafaq Al Gaddah has benefited from the experience of his father, Moafaq Ahmad Al Gaddah, who paved the way for him to enter the professional world with confidence. With a continuous focus on quality and excellence, Gaddah has helped MAG LD to take a leading position among its competitors and contributed to transforming the UAEs real estate landscape by introducing innovative real estate concepts and identifying market needs. As the CEO of the company, Gaddah drives the companys overall direction and strategy while also guiding six departments, including finance, project management, sales, marketing, real estate development, and legal. His…
With his appointment as the Middle East and Africa president for Parsons in September 2014, he has taken the companys backlog in the region to new highs; established footholds in new countries including Kuwait; overseen the successful establishment of a standalone Middle East business unit and supported Parsons global businesses in capturing strategic wins with Saudi Aramco, Dubai Municipality, and the expansion of the Dubai Metro; contributed to wins for landmark projects such as sitewide infrastructure design and construction supervision for the Dubai Expo 2020 and improvement of Al Shindagha Corridor, with a new bridge connecting Bur Dubai to Deira…
Sobha Group currently has three ongoing projects which is keeping the developer busy for the next couple of years. Within the UAE, the group is already underway with the Meydan Sobha District One project (a JV with the Meydan Group), Sobha Hartland which is the flagship $4bn mixed-use project, and the Firdaus Sobha project which is in a JV with the Umm Al Quwain government. However, the developer is also in talks with the Government of Oman and mulling over a project there, but nothing has been finalised yet. Founder and chairman, PNC Menon, is an Omani citizen and…
Mahdi Amjad founded Omniyat in 2005 with a vision to contribute to Dubais skyline through the development of modern commercial and residential buildings. He is the executive chairman and CEO of what has become one of Dubais fastest growing and most significant players in the real estate industry. Over the last decade, Amjad has lead Omniyat to become a leading privately-held property developer that has dynamically enhanced the citys skyline with landmark projects. He has led Omniyat to put art and design at the heart of every one of its developments and has been instrumental in large-scale collaborations with award-winning and…
James L Williams Middle East (JLW) is highly recognised in its market for quality of workmanship, its engineering excellence and the ability to deliver projects on time. Its multi-cultural team is focused on maintaining a high standard of service, integrity and reliability – a strategy that has allowed it to grow and maintain its reputation. JLW directly manages approximately 7,500 employees; 2,500 as direct employees, supplemented by 5,000 specialist sub-contractors under its management. Its annual revenues are in excess of $190mn (AED700mn). JLW is one of the few EPC contractors in the Middle East with a large in-house design and…
Established in 1980 by two visionary entrepreneurs, Dr JR Gangaramani and Adel Saleh, Al Faraa Group is a leading UAE-based integrated multi-disciplinary construction and industrial group. Over the last 37 years, Al Faraa Group has built a solid reputation in the construction industry with a track record of sustained growth and in delivering quality projects on time for both private and government sectors. The group is currently executing projects at multiple locations throughout the GCC. Since commencement of operations in Saudi Arabia, Al Faraa Group is currently consolidating its presence in these countries. The group has a large team of…