Airolink, a design and build construction specialist, has signed of AED 2.8bn ($760mn) worth of new contracts, raising the total value of its current order book to AED 4.4bn.
The Al Mamzar Centre tops the list of ongoing projects, the company said in a statement, followed by the Emirates College of Technology, the Bloom School, the Art Centre and the Dubai Heights School.
Airolink has been involved in the construction of five schools in Dubai and Abu Dhabi.
Dr Anil G. Pillai, chairman and managing director of Airolink, said: We have been quite strong in developing many educational facilities, shopping centers, hotels, residential and healthcare projects etc. and our strength comes from undertaking projects on turnkey basis.
We are able to undertake the full development responsibility including educating the clients on construction technology and financial discipline, feasibility study of the project, consultancy, design, detailed design, construction and delivery of the complete project to the client. So, we are not just a contractor.
Airolink employs 2,000 workers across its main markets of Abu Dhabi, Dubai and Ireland, where it was established in 2001 to cater to the specialised needs of a booming construction industry. The company expanded to the Middle East in 2008 establishing Airolink Building Contracting LLC in Dubai.
The market has come a long way since the global financial crisis of 2009-10. Contractors have matured and they have tightened their belts by streamlining the management and processes, said Pillai. There are enough projects in Dubai to keep most contractors busy for some time and more projects are being planned and tendered out as we speak. This will continue for some time, definitely till the end of Expo 2020.