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Construction consultancy firm Turner & Townsend has reported an US$650mn increase in its turnover this year, with 46 per cent rise in revenue from the Middle East alone
According to the company’s latest performance report, the turnover has increased by 12 per cent in the financial year that ended on 30 April 2014. This is a 51 per cent increase over the past three years, it added.
The Middle East region has reportedly registered a growth of 46 per cent, Asia 33 per cent and North America 30 per cent.
Vincent Clancy, CEO of Turner & Townsend, said, “After four years of uninterrupted growth, Turner & Townsend continues to deliver record turnover while building further momentum towards our long-term objectives. We have strengthened our market-leading position across our core sectors — property, infrastructure and natural resources.”
With offices in Abu Dhabi, Doha, Dubai and Muscat, the UK-based firm is currently working on five major airport programmes in the Middle East alone, including Abu Dhabi’s new Midfield Terminal Complex.
Apart from aviation projects, Turner & Townsend has also assisted in projects like Masdar, Qatar Rail, United Steel Industries’ Fujairah rolling mill and the embassy relocation in Doha among others.