ALEC is one of the largest construction companies in the Middle East employing around 12,000 people, the bulk of whom are based in the UAE. The scope of projects undertaken by the company includes resort hotels, themed developments, high rise towers, airports and large scale shopping centers. Over the past year the company has completed or is working on UAE projects including Bvlgari Resort & Residences Dubai, Phase 2 of Dubai Festival City, Al Maktoum International Airport’s Passenger Terminal Building (PTB) expansion and Select Group’s three-tower Marina Gate development.
ALEC also overseas a number of subsidiary units which include MEP (ALEMCO), fit out (ALEC FITOUT) and energy (ALEC ENERGY). The group had revenue in its most recent financial year of $1.06bn (AED 3.9bn), and projected income of $1.09bn (AED 4bn) for 2017/18.
The construction sector at the moment is very positive and there are plenty of opportunities in the next 5+ years, Kez Taylor, CEO of ALEC told CBNME earlier this year. We will be focusing on operational efficiency in 2017 and ensuring that we create an environment on projects where all our stakeholders and subcontractors are able to succeed. Having effective relationships, alignment and trust in the supply chain is our key priority.
There will be more emphasis on design and build projects as well as diversifying the core business. Renewable energy has become a priority and businesses need to respond and adapt to the changing requirements which have been set to make the UAE a smart city. ALECs continuing growth is to offer complementary services which add value to our core business as a contractor.