|We are happy to announce that BUTEC entered in a JV with Dubai Government owned construction giant ALEC Engineering and Contracting L.L.C (ALEC), the JV will target United Arab Emirates’ utilities, industrial and environmental sector-based projects.|
A part of the Investment Corporation of Dubai (ICD), ALEC is a major construction company with related businesses operating in the GCC with a presence in Africa. Over the last 20 years, ALEC had consistently evolved and grown to become a trusted partner for the execution of complex and iconic construction projects.
In consolidating its assets, personnel and experience, ALEC BUTEC JV is anticipated to provide a highly competitive offering for projects seeking a cost-effective solution, while retaining the high quality and industry experience required for such undertakings.
Commenting on the decision, ALEC’s managing director, Barry Lewis, said: “Our decision to create a new JV with BUTEC stems from a wider industry move to collaborate more closely, particularly on major infrastructure projects, while pooling strengths to provide a faster, more efficient solution for clients. In working with BUTEC, we are capable of adding significant value to the region’s future power, water and oil & gas initiatives.”
Speaking on behalf of BUTEC, Tony Hanna, general manager, said: “In view of ALEC’s extensive experience on major regional projects, such as Dubai International Airport Terminal 3, the Dubai Marina Mall and most recently, One Za’abeel, and to BUTEC’s strong design-build capabilities in the industrial sectors, this partnership is structured to complement our respective strengths, and to create a stronger value proposition for our clients.”
We, at BUTEC, and ALEC are aspiring to achieve the JV’s vision which includes cost-effective and environmentally-sustainable solutions that leverages specialized knowledge from both parties. According to data released by BNC Publishing in August last year, 44% of the total value of new GCC-based project announcements came from the industrial sector.