Tech Group invests $100 million to ‘keep edge’ in market
Tech Group to diversify its offering and look for new business opportunities
Shiraz Hasan, CEO of Ajman-based construction group Tech Group has revealed that the company has invested more than $100 million into the business, in its factories and operations, including buying new and modern machinery and equipment, as it looks to keep its edge in an increasingly competitive market.
Tech Group operates across various core disciplines from general contracting through to ready-mix concrete, electro-mechanical works, steel fabrication, aluminium and glass, interior and joinery works, concrete works and even a division that deals with petroleum products, speaking to Big Project Middle East, he said the group’s performance has been “exceptional” in recent times – a reflection of the potential of Ajman.
“We have grown between 20% and 25% year-over-year for the last four years. I think between 2016 and 2017, we’ve easily added another $27-32m in additional revenue to our group,” he said. “The market has been challenging, but our philosophy is to think outside the box – we always believe that we can outwit the competition and that we can be smarter than anybody else out there.”
Hasan revealed to Big Project Middle East, that despite its success in the construction sector, he wants Tech Group to diversify its offering and look for new business opportunities.
“We’re looking at eco-related projects, like waste-to-energy, waste-to-RDF, desalination, wastewater treatment and a whole host of other opportunities. We’re even looking into solar. We’ve not necessarily started everything yet, but there’s a lot of groundwork that has happened and we feel very confident that we’re going to have a solid impression in the environmental business market.
