Al Bawani Co is headquartered in Riyadh, Saudi Arabia, with 100% Saudi ownership and management, owned by the Al Shawaf family and today chaired by Fakhr Al Shawaf, who joined in 1997. Al Bawani is certified in Quality Management Systems for design, Engineering Works and Construction Management of Housing Complex, Industrial and Commercial Buildings, Hospitals, Educational Institutions, Governmental, Diplomat Missions, Air Base and Defense Facilities. The firm executes turnkey projects across the Kingdom and wider region, employing proactivity in order to assist clients in achieving their goals. With a continued focus on people, the firm supports employees to reach their…
Author: Paromita Dey
Imdaad has been operating as an independent business entity for the last seven years, although its overall experience in integrated facilities management (IFM) spans more than 25 years. Imdaad commenced operations in 1986 as a civil engineering division of Ports Customs and Free Zone Corporation handling civil engineering works, air-conditioning and electrical maintenance. In 1989, Imdaad increased it service capability by opening new divisions such as waste and environmental management, pest control, sewage treatment services. A joint venture was established in 2002 to provide outsourced facilities management services and in 2007 Imdaad was inaugurated with a mission to provide IFM…
Within the last three to six years, UAE-based ALEC has expanded the business into Qatar and Oman while the core business has diversified with the introduction of the related businesses and extending its capabilities. ALEC aims to create a platform where it can be involved in every stage of the project – from the initial build, right through to the end maintenance. In 2016, the company is looking at further expansion and acquiring stakes in more businesses. Related business units include ALEMCO (Mechanical, Electrical and Plumbing) – provides fully engineered electromechanical and building services solutions to construction projects. ALEC PRECAST…
There have been big changes at WSP | Parsons Brinckerhoff over the 18 months or so. The consultancy now has a workforce numbering close to 1,500 engaged in the Middle East following the merger between WSP and Parsons Brinckerhoff in 2014. To top it off the regional division now has a new managing director after Greg Kane replaced Tom Bower. The integration of the two more or less equal sized companies which began in January 2015 is almost complete, creating a much larger entity with a broader spectrum of expertise. WSP was more known in the vertical infrastructure space whereas…
Parsons Corporation is an engineering, construction, technical, and management services firm with revenues of $3.2bn in 2015. The company has been working in the Middle East Africa region for more than 60 years and has offices in the UAE, Qatar, Saudi Arabia, Oman, and Bahrain. The consultancys portfolio of ongoing work in the region includes major oil and gas projects as well as highways, bridges, rail and transit, airports, ports, water infrastructure, plus hospitals, public schools, universities, mosques, and other public buildings. Parsons provided project management services for Stage 1 of Etihad Rail, a landmark project carried out in partnership with…
Embattled contractor uses loans secured in May to pay sukuk in full.
UrbaCon Trading and Contracting is a Qatari based international construction services company and a leading grade one licensed builder. Its activities in Qatar are led by an ever growing pool of trained professionals, with over 4,718 experts and 33,812 tradesmen coupled with more than 2,143 plants and machines. Qatar-based UrbaCon Trading and Contracting (UCC) offers turn-key design, build, finance and operative services. The company has been involved in several projects over recent years and the portfolio includes Anantara Doha Island Resort; Lekhwiya Sports Club Doha; Souq Wakif Theme Park Doha; Lusail Office Tower and the award winning project Mall of…
After years of debt restructuring and stalled projects Nakheel has made significant gains in the growth of its portfolio over recent months with the announcement and commencement of projects such as the Ibn Battuta Mall extension in Dubai, Nakheel Mall on The Palm Jumeirah and Deira Islands in Dubai. The news comes as 2015 profits rose 20% compared to 2014 and the first of 10 new Nakheel developed hotels launched; a portfolio that will comprise Dubais third St. Regis hotel on The Palm Jumeirah. Well known as a community and retail developer, in Q1 2016 Nakheel handed over 536 completed…
The largest market listed construction contractor in the UAE has known better days. Arabtec, in a joint venture with Samsung E&C, built the worlds tallest building, Burj Khalifa, for Emaar Properties and the company has collaborated with Dubais largest developer on many other noteworthy projects. However the company has suffered in recent years. It booked a $640mn loss in 2015 and recently posted its sixth straight quarterly deficit. The contractor blamed increased costs and tough market conditions for a loss of AED 46.4mn ($12.6mn) in the three months to March 31, though that was an 83 percent improvement compared with…
Last year Dubai-based property developer DAMAC Properties entered the billion dollar profit club with net earnings of AED 4.5bn ($1.3bn), up 31 percent from 2014 while revenue for the period climbed by 16 percent to AED 8.53bn ($2.32bn). The total value of projects currently under development is $18.5bn. During the year DAMAC delivered its first project in Doha, Qatar, launched its London Project AYKON Nine Elms, and delivered the first set of residences in AKOYA by DAMAC, its first master plan development. The company also expanded its reach into China by establishing strategic collaborations with 5i5j and Qfang, two…