Arabtec Construction LLC, a leading UAE based Construction Company specialising in the delivery of high rise mixed-use buildings and residential villa complexes, has entered the second phase of its consultancy contract with MESA, a leading strategy consulting firm and member of the OC&C Strategy Consultants group.
Arabtec has increased turnover more than five fold over the past 5 years, and became publicly listed in 2004 (Arabtec Holding, the first privately held company to go public, is traded under the symbol ARTC on the Dubai Financial Market). The company signed with MESA in Q4 of 2005 to develop a strategy and structure more in-line with a publicly listed company and lay the foundation for international growth, industry sector and value chain diversification.
Mr. Riad Kamal, Arabtec CEO said, “The selection of MESA as a regional partner is a reaffirmation of Arabtec’s commitment to align itself with global best practice and become the leading provider of quality construction and engineering services across the geographies it operates in."
The second phase of the engagement with MESA is addressing all elements of an integrated HR infrastructure, and developing a corporate performance management system, with the aim of making Arabtec a regional benchmark for the construction industry.
“Arabtec is repositioning its service ethos in line with core values that emphasise quality, safety, continuous performance improvement and optimally leverage human and plant capital to realize performance benefits for our clients and partners,” Mr. Kamal added.
Other performance improvement initiatives at Arabtec are ongoing in the areas of supply chain management and cost accounting.
“We have been working very closely with our partners at Arabtec to implement structured change within the organisation." said Mr. Glen Osmond, Managing Partner of MESA. "The work currently being performed is a testament to the foresight and planning of Arabtec’s executive and managerial teams.”
About Arabtec (Symbol ARTC)
Arabtec Construction LLC. (Arabtec), a leader in the Construction Industry in the UAE, was established in the UAE in 1975. Since that time, Arabtec has undertaken a substantial program of construction, including but not limited to, High Rise Developments, Hotel Interiors, Residential Complexes, Office Blocks, Commercial and Industrial Projects, Major Airport Developments (Terminals, Lounges, Hangers), Drainage, Offshore Oil and Gas Installations, Cinemas, Entertainment Facilities and Luxury Villas, etc.
One of the Top Construction Companies in the UAE, Arabtec is committed to providing high quality work, on time and within budget.
The Company boasts a large multinational workforce in excess of 27,000 and array of the latest plant and equipment and a highly qualified and professional team.
Arabtec is certified to ISO 9001:2000 follows stringent safety regimes, and always strives to improve its business performance and relationships.
About MESA (Middle East Strategy Advisors):
MESA was established by leading international consultants in order to provide regionally adapted solutions in strategy consulting, change management and investment advisory services. MESA specialises in:
Strategy Consulting – Includes corporate strategy, operational audits, restructurings and portfolio reviews.
Change Management – Many of MESA consultants have experience as General Managers of large international organizations.
Investment Advisory Services –Extensive work with privatizations and greenfield developments allows MESA to raise capital for clients and provide sound M&A advice.
During the past three years, MESA has conducted over 15 restructuring operations and created tangible improvements of over US$ 2 billion [calculated as the Present Value (PV) of a 5 year period of implemented initiatives].
MESA has achieved a growth of over 50 per cent annually for the past three years and is now well-positioned to expand its technical capabilities even further.
For more information, visit: www.mesadvisors.com
