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

  • First US toll interoperability contract for Egis
    October 7, 2013
    French company Egis has signed a contract with the US Alliance for Toll Interoperability (ATI) for the supply, implementation and operation of the nationwide interoperability hub for billing the tolls of inter-state motorists, based on licence plate camera reads and transponders. Founded in 2009 to promote and implement interstate interoperability, the ATI has grown to include forty full members consisting of toll road operators from within the US and three affiliate members from Canada, Australia and N
    Read More
  • Qatar planning massive expressway programme
    April 19, 2012
    The authorities in Qatar are planning to launch a series of public tenders for major infrastructure projects. Details of the tenders and the scale of the contracts have yet to be released but these will involve major highway construction projects as well as other associated infrastructure works.
    Read More
  • 2013 set to be record year for transport infrastructure deals
    November 15, 2013
    Deal values for global transactions of transport infrastructure assets including airports, ports and road operations have risen steeply since the beginning of the year with 2013 poised to be a record year for transport infrastructure deals, according to an analysis by global advisory firm KPMG. The first half of 2013 saw global deals of infrastructure assets worth US$16.6 billion, by the end of the third quarter this figure had risen to US$23.5 billion, which already exceeds total annual deal values fo
    Read More
  • Egis consortia awarded contracts for Lausanne metro expansion
    May 25, 2017
    The Canton of Vaud, Switzerland, has awarded two contracts to increase capacity on the automated Lausanne metro. The project also includes the construction of a third line. The network is struggling to support growing passenger numbers and the city of Lausanne has launched the Strong Public Transport Axes project to increase capacity on the existing 6km line m2 and construct the new 4km m3 line, including seven stations. The SyMeo consortium, comprising Egis and BG Ingénieurs Conseils, will be responsible f
    Read More

Highlighted Content