Irish Arabian consortium eyes Saudi Arabia public investment plan
New company formed to target US $400 billion of public investments
A consortium between two Irish construction firms and a Saudi Arabian conglomerate has been confirmed to secure long-term projects in KSA.
P Elliott & Company Ltd and Wills Bros Ltd have formed Alzahid Elliott Wills Construction, in conjunction with Saudi conglomerate the Alzahid Group. The group’s new office in Al Khobar’s Silver Tower was officially opened by Batt O’Keeffe, Irish minister for enterprise, trade and innovation, last month. He called the collaboration “sensible and strategic in the context of Saudi Arabia’s rapidly growing construction sector”.
“P. Elliott and Wills Brothers are two of Ireland’s leading construction and civil engineering firms. By partnering with the Alzahid Group, one of Saudi Arabia’s largest construction companies, the two Irish firms are better positioned to win a larger share of the construction market.
The government is implementing a US $400 billion public investment plan which, coupled with high activity levels in the private sector, means that business opportunities for Irish firms in the construction sector here are very strong, O’Keeffe explained.
