Balfour Beatty?s regional revenue sinks in H1
British giant Balfour Beatty has reported a 10% drop in its Middle Eastern construction revenue in the first half of 2010
British giant Balfour Beatty has reported a 10% drop in its Middle Eastern construction revenue in the first half of 2010, in comparison to the same period last year.
The company said that the fall in the construction market in Dubai had resulted in the drop, although it
praised the performance of its BK Gulf subsidiary in Abu Dhabi, according to a report by Arabian Business.
Balfour Beatty operates in the UAE in partnership with Al Ghandi and Dubai Transport Company (Dutco).
“Revenue in the Middle East fell from US $254 million in the first six months of 2009 to $228 million in
the first six months of 2010 with significant reductions in the Dubai building and civil construction markets,”
Balfour Beatty corporate communications director Duncan Murray told the publication.
