ALEC and BUTEC forming JV “to meet industrial demand”
Joint venture targeting the region’s utilities, industrial and environmental sector-based projects
Dubai main c0ntractor ALEC and design-build industrial specialist BUTEC have agreed to form 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 said in a statement that it 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.”
ALEC managing director Barry Lewis said the 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,” he added.
“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,” Tony Hanna, general manager, BUTEC.
