Comprising four divisions Meraas Development, Meraas Capital, Meraas Estates and Duvent the Dubai-based integrated developer was established to make a positive contribution to the National economy. Chaired by HE Abdulla Al Habbai, Meraas Holding will execute its mission through a number of subsidiaries that encompass a wide range of industry specialisations to develop activities and operations across the UAE and abroad. Meraas capital has been instrumental to this, making international investments in more than 2.8 million square feet of commercial space and attracting FDI to the UAE. By creating a portfolio of investments in various industry sectors, Meraas…
Author: Paromita Dey
Founded in Lebanon in 1967 by the Merehbi and Mikati families which still own and run the business, Arabian Construction Company (ACC) has grown to become one of the Middle East’s leading construction contractors and has built some of the regions most iconic projects. From Sheikh Zayed Grand Mosque in Abu Dhabi to large scale energy projects to some of Dubais tallest skyscrapers such as Almas Tower, Princess Tower and Rose Rotana, ACCs project portfolio is impressively diversified. Among the most recent contracts the company has clinched is a deal to build a new 150-metre tall tower in Downtown Dubai.…
Mulk Holdings is a global business with diversified interests in building materials and construction, plastics, energy, healthcare, real estate, commodities and Sports management. Founder and chairman Shaji Ul Mulk has built a thriving presence for the UAE based Mulk holdings in more than 50 countries with a workforce of 7,500 members worldwide. Mulk Holdings has active branches/group companies across the regions of USA, Europe, Middle East, Africa, India, Malaysia, China and Sri Lanka. Starting out from 1982, Shaji Ul Mulk has 32 years experience in the business landscape of UAE, as an entrepreneur. He has built a billion dollar enterprise…
Dubai-based Danube Group almost doubled its turnover to AED 5.13bn ($1.4bn) in 2015 compared to AED 2.8bn a year earlier and is forecasting further growth of 15 to 20 percent in 2016 as it eyes more opportunities in the affordable housing sector. The Rizwan Sajan-led companys property wing expects to launch three to four low cost developments per year in a bid to cash in on burgeoning demand for low cost housing in Dubai. Danube has launched six affordable residential property developments to date, the most recent being Glamz by Danube. We started the properties division with a clear focus…
Los Angeles-based AECOM designs, builds, finances and operates infrastructure assets for governments, businesses and organizations in more than 150 countries. A Fortune 500 firm, AECOM companies had revenue of $18bn during the 12 months ended September 30, 2015. Among the major Middle East projects AECOM has completed in the past 12 months is the Taweelah Aluminium Extrusion plant (TALEX) plant located in Khalifa Industrial Zone Abu Dhabi (KIZAD). This is the largest aluminium smelting plant in the Arabian Gulf. Despite 150 variations post contract award, AECOMs project management team maintained the delivery schedule, executing nearly 90 percent of construction in just 16…
Consultancy Atkins employs nearly 2,500 people in the Middle East where it has been operating for more than 40 years and has been behind some of the regions most high profile projects, including the Burj Al Arab, Dubai Metro, Yas Waterworld, Almas Tower (JLT), Bahrain World Trade Center and Durrat Al Bahrain. The future for the business is equally exciting as it continues to play a key role in major transformational projects. This year will see the opening of the Atkins-designed Dubai Opera in Downtown Dubai, which will bring a new level of cultural entertainment to the city. In Riyadh…
Its been a turbulent 12 months for the Saudi Arabian construction sector as new work has all but dried up while the kingdom contemplates ways to adapt to the harsh new reality of low oil prices. Perhaps no company has suffered more than Saudi Binladin Group (SBG), which over the years has grown to be the largest construction contractor in the land thanks mainly to government driven economic growth. Now the company is shedding tens of thousands of its estimated 200,000 workforce as it carries out a deep and painful restructuring. Though most of those laid off are guest workers,…
Drake & Scull International (DSI) is a regional market leader in the integrated design, engineering and construction disciplines of General Contracting, Mechanical, Electrical and Plumbing (MEP), Water and Power, Rail, and Oil and Gas, and Water and Wastewater Treatment. Contracts won in the first half of this year include a AED120mn ($32.6mn) deal with Emirates District Cooling (Emicool) to extend its district cooling network to Dubai Sports City. In the first quarter Fujita Corporation awarded the company a QAR 340mn ($93mn) contract related to the delivery of the first phase of the Doha Metro Depots. The company reported a 61 percent…
Present in 12 regional markets and every continent across the globe, Hill International provides project management and construction claims services. Since its establishment, this international player has become a trusted leader in the fields of project management services and construction claims services around the world. In the Middle East Hill is involved in prestigious projects in a number of key cities. In Qatar it has won contracts for Doha Metro Green Line, Lusail District, Mall of Qatar and Salwa Resort, to name a few. The firm was awarded Consulting Firm of The Year at the Construction Innovation Awards Qatar 2015,…
Doka is a world leader in developing, manufacturing and distributing formwork technology for use in all fields of the construction sector. For the first time in Dokas history, 2015 saw the company achieve a global turnover of more than one billion Euros, with the Middle East representing one of its best performing regions. As a family owned business with more than 150 years of heritage behind it, Doka understands the value of listening to the requirements of its clients, something that enables it to deliver the most cost effective and sustainable solutions on all its projects. Today, Doka’s services have…