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

  • ITS Australia and ITS Canada sign MOU
    October 23, 2012
    At the 2012 World Congress, ITS Australia and ITS Canada have signed a Memorandum of Understanding to foster the development and deployment of ITS technologies in both countries. The two nations share many common elements impacting the deployment of intelligent transportation technologies, including large land masses with relatively sparse populations, long inter-urban corridors, and a heavy economic dependence on international trade, much of it resource based.
    Read More
  • Easytrip appoints new board member
    May 31, 2013
    Easytrip, Ireland’s electronic tolling payment services provider, has appointed Steve Preece to its board. Steve is managing director of Egis Projects Ireland and currently holds positions on a number of Irish company boards. He will play an active part in Easytrip’s development, assist in promoting the company’s core business and give guidance to the senior management team. He will also look to ensure Egis Projects’ interests are represented and work closely with the management team to build on the exist
    Read More
  • Vitronic and Vetro ink strategic partnership
    March 26, 2014
    Speed and red light enforcement system provider Vitronic has entered into a strategic partnership with Vetro, a service-provider for traffic enforcement, it was announced at Intertraffic. The partnership will enable customers to buy Vitronic PoliScan systems bundled with Vetro services.
    Read More
  • Econolite announce new COO
    October 11, 2016
    Abbas Mohaddes is attending this ITS World Congress Melbourne in his new role as recently appointed president and COO of Econolite Group (EGI) with responsibility for the company’s global operations, including the continued development of strategic partnerships. He succeeds David St Amant, who will retire at the end of the year after a period of working closely together to help ensure a smooth transition of responsibilities, and will report directly to Econolite Group’s CEO Mike Doyle.
    Read More

Highlighted Content