ALEC, the Dubai-based main-contractor and BUTEC, a design-build industrial contractor, have announced the launch of a new joint venture which will target the region?s utilities, industrial and environmental sector-based projects
In consolidating its assets, personnel and experience, the 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.
Barry Lewis, ALEC?s managing director, 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 and gas initiatives.?
Tony Hanna, general manager of BUTEC, said: ?In view of ALEC?s extensive experience on major regional projects, such as Dubai International Airport Concourses A & D with the associated rail link and upgrade of Terminal 1, 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.?
The JV?s vision includes cost-effective and environmentally sustainable solutions that leverage specialised 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.
