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Power Hour 2020: Richard Stratton, Managing Director at Cundall, Ranks 25th

CBNME’S Power Hour Annual List of the Middle East’s Top 60 features the most prominent Contractors, Real estate Developers, Consultants, Architects, Facilities Management, Asset Management Companies, and so much more that encapsulates the construction industry.

These influential leaders have reshaped the industry with their introduction of new innovative strategies and thought leadership that makes them stand apart in 2020.

You can check out the full coverage of the Power Hour here.

25. Richard Stratton, Managing Director at Cundall

Richard has been with Cundall for the past 26 years, 13 years based in the London (UK) office, and 13 years based in Dubai in his current role as Managing Director of Cundall’s MENA business.

Richard sits on three main boards of the business, the Global Management Board, the Global Strategy Committee, and the EMEA Management Board. This involves Richard considering the performance of all parts of the company and contributing to strategies that optimise both expertise and resources to create a resilient business – primarily driving and shaping an incredible business globally.

Richard has led the business with a year-on-year growth expanding to Qatar, Oman, and recently to KSA. Throughout his work in the Middle East, the global business has seen diversification to new sectors, including rail, masterplanning, and entertainment, growing a multi-disciplinary team on the ground.

Cundall has seen a significant boom in business under Richard’s leadership in the past 12 months, with reported revenue in 2019 being USD 11,150,803 representing approximately 70% growth compared to 2018. Furthermore, in 2020, Cundall has projected an overall projected global revenue at the start of 2020 was USD 91,336,400, and corresponding revenue for MENA is USD 11,717,642 (the projection were outlined before the COVID-19 pandemic).

Richard told CBNME: “Commercially, we expect to see an impact on our 2020 performance, but we believe that we will emerge a stronger and more resilient business. As a privately owned business, our metrics are not only commercially focused, and we also see success in offering stability to our staff and clients.”