Turner & Townsend increased Middle East turnover by a quarter and profits by nearly a third, in the year ended 30 April 2016.
The professional services consultancys strong performance in the region which saw regional turnover grow by 24 percent to GBP 32.2m ($42.2mn) and operating profit climb 32 percent to GBP 5.1m helped drive its global revenue to a record GBP 409m.
Turner & Townsend Middle East Managing Director, Mike Collings, said: Despite the abrupt fall in oil prices, this has been a very strong year for our Middle East operation.
We saw significant growth in real estate and built momentum in infrastructure, with clients still demonstrating the desire to invest in the region despite the low price of oil.
We built on our reputation for our full breadth of services this year, securing major real estate commissions and significant new wins with Unilever, Galeries Lafayette and the passenger terminal extension at Al Maktoum International Airport.
Our aim in the year ahead is to increase our footprint with new offices in Saudi Arabia and con
tinue to exceed our clients expectations as they invest in the region.
Turner & Townsend employs nearly 4,300 staff across 97 offices worldwide, and has now recorded six successive years of growth. Its profit after tax of GBP 30m has almost tripled in five years.
Vincent Clancy, Chief Executive Officer for Turner & Townsend, commented: Our achievements are a testament to the strength of our business, despite a backdrop of significant volatility.
The past year has seen us become the partner of choice for many of the worlds largest capital programmes and our diversified business model continued to serve us well, giving us the flexibility to adapt to changes in individual markets.
Weve grown our global footprint, supporting our key regional hubs and strengthening our operations around the world, to better serve our clients wherever and whenever they need us.