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

  • Diverse development of tolling business models
    April 25, 2013
    A diversity of tolling business models offers a wider toolbox of highway finance options, as the IBTTA’s Patrick Jones explains. The business models for America’s tolled highways have gone through several different evolutions over the last 75 years, reflecting a succession of shifts in transportation policy and politics, financing and funding models, urban patterns, customer needs, and technology. And with more and more decision-makers expressing renewed interest in tolling, it’s that very diversity that ma
    Read More
  • Wavetronix radar-based traffic sensor cuts costs
    May 30, 2013
    While initial cost of radar based detection may be higher than that traditional loops, lower maintenance costs more than balance the books. Following successful field tests, the US city of Greenville, North Carolina, has recently agreed a new policy of phasing in Wavetronix traffic sensor technology’s radar-based SmartSensor Matrix system across its signalised traffic intersections. City traffic engineer Rik DiCesare expects the incremental implementation to deliver benefits to both the city’s taxpayers an
    Read More
  • Dignity should be key measure of MaaS success
    December 4, 2020
    Money isn’t everything: what if we made dignity into the key measure of success for MaaS? Crissy Ditmore sets out her vision statement for the industry’s developers
    Read More
  • High speed surfing in France and Italy
    May 18, 2012
    Two announcements on the same day – from the OCEA Consortium and from Andrew Solutions - have reported overcoming the challenges of internet access in high-speed trains travelling at over 200mph (320km/h) in France and Italy. The technological achievements realised by the consortium have risen to the challenge of ensuring service at high speed in a high voltage electrical environment, and integrating the system's maintenance into the overall maintenance schedules of a high-speed network with no impact on th
    Read More

Highlighted Content