Egis and Projacs seal strategic deal to develop Middle East opportunities

Egis has acquired 51 per cent of Projacs, the leading project and construction management firm in the Middle East, in a strategic partnership to develop new opportunities in the territory. Founded in 1984, Projacs offers a wide and integrated range of project management services mainly relating to building projects. The firm is firmly established in the Gulf Cooperation Council (GCC) countries (Saudi Arabia, Bahrain, Oman, Qatar, United Arab Emirates and Kuwait) and also operates in neighbouring countrie
July 31, 2015 Read time: 2 mins
7319 Egis has acquired 51 per cent of Projacs, the leading project and construction management firm in the Middle East, in a strategic partnership to develop new opportunities in the territory.

Founded in 1984, Projacs offers a wide and integrated range of project management services mainly relating to building projects. The firm is firmly established in the Gulf Cooperation Council (GCC) countries (Saudi Arabia, Bahrain, Oman, Qatar, United Arab Emirates and Kuwait) and also operates in neighbouring countries.

With over US$2500 billion-worth of projects under planning, bidding or execution across the MENA region, both Egis and Projacs see significant opportunities for partnership and have over the past few months began sharing resources and capabilities as well as developing joint approaches for business development.

Egis has been present in the Middle East for several years and holds the view that the region is a high-potential global market in a large number of fields such as infrastructure, buildings, water, energy and urban development. Seven per cent of its 2014 turnover was generated in the Middle East.

“We are proud of Egis’ ongoing successes in the Middle East and are confident about our outlook in this promising region. To cement our commitment and build a sustainable business cluster, we thought critical to partner up with an established player in the Middle East. The integration of Projacs within Egis will allow the group to round out its project management expertise in the Middle East region and reinforce its position on projects in the fields of buildings and urban development” commented Nicolas Jachiet, chairman and CEO of Egis.

“With 20 offices across the MENA region, Projacs has an unparalleled coverage of the region and an unmatched track record in project and construction management services, particularly in relation to buildings in the Middle East. We expect this strategic partnership to be highly beneficial to both firms as we each leverage on the complementary strengths and capabilities of the other” commented Dr Nabil Al-Qaddumi, founder and chairman of Projacs.

For more information on companies in this article

Related Content

  • Harmonisation of Europe's ITS deployment still unbalanced
    January 31, 2012
    Dean Herenda, Chairman of the EasyWay project, talks about the progress made and the progress still to be made in harmonising ITS deployment across the European Union. "The deployment and use of ITS in road transport across Europe was and still is unbalanced" Although Europe can be proud of being home to some of the world's most advanced ITS solutions, the relative disparities between Member States of the European Union (EU) in terms of the extent and technological sophistication of deployments actually sta
    Read More
  • Turnkey projects deliver enforcement for developing countries
    January 25, 2012
    Jenoptik Robot’s Ralf Schmitz talks about enforcement deployments in developing countries, and how those with long-established histories still have much to learn. In the enforcement sector, the concept of technology provider also being responsible for operations is hardly a new one. Nevertheless, it has gained significant traction over the last five or six years and has the potential to radically change the complexion of the industry according to Jenoptik Robot’s Director, Sales Ralf Schmitz.
    Read More
  • Swarco expands Danish presence
    April 28, 2014
    Swarco has expanded its presence in Denmark with the acquisition of Danish company technical Traffic Solutions (TTS), one of the country’s leading traffic control and intelligent transport systems companies.
    Read More
  • Further Middle East order for Sensys Gatso
    August 26, 2015
    Sensys Gatso Group has received an order for traffic safety systems, including red-light and speed camera systems as well as software design from a new customer in the Middle East. The order, worth US$783,000, is the third order received since June from a new customer in the territory and is expected to be delivered during the fourth quarter 2015. “I am delighted to see that we continue to strengthen our footprint in the Middle East and that our cooperation with this new customer is evolving” says T
    Read More

Highlighted Content