GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Real Estate and Retail

 
  Share

UAE's fastest-growing construction conglomerate, expands through organic growth and asset acquisition

Date: Dubai, April 30, 2017

Airolink, a large design and build construction conglomerate, announced the signing of Dh2.8 billion (US$760 million) new project contracts, raising the total value of its current order book to Dh4.4 billion (US$1.2 billion), from Dh1.6 billion (US$435 million) in the first quarter of 2017.

“The new construction contracts worth Dh2.8 billion reflect a growing confidence of our clients on Airolink's project delivery capacity and demonstrate our growing strength in project management and construction,” Dr Anil G. Pillai, Chairman and Managing Director of Airolink, says. “The projects demonstrate a strong pipeline of construction projects that are being executed by clients and developers.”

Among the ongoing projects, the Al Mamzar Centre tops the list, followed by the Emirates College of Technology, the Bloom School, the Art Centre and the Dubai Heights School, are of significant value. Among others, Airolink has been involved in the construction of five schools in Dubai and Abu Dhabi.

“We have been quite strong in developing many educational facilities, shopping centers, hotels, residential and healthcare projects etc. and our strength comes from undertaking projects on turnkey basis,” Dr Anil G. Pillai says. “We are able to undertake the full development responsibility – including educating the clients on construction technology and financial discipline, feasibility study of the project, consultancy, design, detailed design, construction and delivery of the complete project to the client. So, we are not just a contractor.”

The company, which has a strong presence in Abu Dhabi, Dubai and Ireland markets, employs 2000 employees including the recently hired workforce.

Airolink traces its origin back in Europe whereby Airolink was set up in 2001 to cater to the specialised needs of a booming construction industry in Ireland (2001-2008). It was during this period that the company cemented the foundations of its legacy, through comprehensive management controls, highly competitive pricing and a bottom line commitment to quality. 

As a result of the company's professional endeavour, Airolink became synonymous with speed, quality and price competitiveness, particularly within investment circles eager to start recouping their investments at the earliest possible stages. The company was subsequently awarded many large scale commercial, industrial and residential projects which it consistently executed to a very high standard. 

Having established in Europe, Airolink expanded to Middle East with some of the prestigious contracts in UAE in 2008 establishing Airolink Building Contracting LLC in Dubai.

“We are a sustainable business with healthy cash flow situation. This allows us to undertake greater risks. Besides, we are very disciplined business when it comes to financial discipline,” Dr Anil G. Pillai says.

“Second, we are very quality and cost conscious business. We deliver projects as per the planned quality, with minimum interference. Third, we make and keep our employees happy. This is important. The productivity of a happy employee is higher than the unhappy ones.”

The UAE's construction industry is undergoing a major change with market becoming tighter and more professional in nature. Although the country has a strong project pipeline despite the low-oil price environment that reduces government spending capabilities in the oil-rich Gulf countries, lack of liquidity and stiff competition among contractors could impact the industry.

The outlook for Dubai's construction industry looks positive for 2017 as 4,000 active construction projects worth $313 billion are currently underway, according to data from BNC's Construction Analytics report.

The value of ongoing urban construction projects across the GCC has exceeded the $1 trillion mark, according to new research. Projects in the Gulf region are worth a combined $1,097.9 billion (Dh3.7 trillion), with buildings and urban development accounting for more than half of that sum, or $745.1 billion.

Across the GCC, more than 12,200 buildings are under construction worth $448 billion in value, with a further 204 urban megaprojects worth $297 billion also under way. The report said that of 21 per cent of planned projects in the GCC are on hold, valued at $494.9 billion.

“The market has come a long way since the global financial crisis of 2009-10. Contractors have matured and they have tightened their belts by streamlining the management and processes,” Dr Anil G. Pillai says.

“Dubai's construction market is quite modern and it incorporates all the best international practices. There are enough projects in Dubai to keep most contractors busy for some time and more projects are being planned and tendered out as we speak. This will continue for some time, definitely till the end of Expo 2020. Since Dubai economy is not dependent on oil, the low oil price will not affect the emirate's economy or construction sector.”

 



Posted by : GoDubai Editorial Team
Viewed 11401 times
Posted on : Sunday, April 30, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : EMKAAN Unveils Architectural Formula for Health and Happiness
Next Story : Demand for steel rebars in UAE to increase by 10% in 2017, say ‘Magnet' members
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Let It Glow
Filorga Launches FLASH-NUDE Collection
Let All Your Photos Be Merry & Bright
The Rado DiaMaster Petite Seconde Automatic COSC The Rado watch at the top of th...
HP ProBook x360 11 G3 and G4 Education Edition
Chrono 4 Grande Taille - an extra-special timepiece
Tips and Tricks to Wash the Perfect Whites
30 Years of Ryder Cup Heroes Confirmed for the 30th Edition of the Omega Dubai ...
PopSockets launches a new collection with crystals from Swarovski, the must-have...
Nike Dubai, the largest Nike store in the MENA region, opens its doors in the Du...
Maintain Healthy Skin Year Round
American Eagle Is the Go-to Destination for Gifting This Holiday Season'
Free gold coins at Malabar Gold & Diamonds Festival
MIDO Baroncelli Lady Day & Night collection
Akshay Kumar Stuns Audiences With Transformation Into Surprising Look for 2.0
GAZOO Racing Wins Australia Rally at FIA World Rally Championship
Golden Mile Galleria's ‘A Cultural Flair' attracts hundreds of art lovers to Pal...
Newby Teas Launches Advent Calendar For Christmas 2018
Tissot Chemin des Tourelles
The Interiors Gift Guide with Home and Soul
Growth and inclusivity drive Avaya's channel strategy for 2019
Time For Enchanting Moments
Etihad Museum displays the UAE flag using 3D lighting
Holiday Handbags | GUESS
BharatMatrimony launches office in Dubai targeting 2 Million Indians
HE Sheikh Nahayan Mabarak Al Nahayan, UAE Minister of Tolerance opens In-Vitro F...
Kartik Aaryan attends Danube bash
France Attractiveness Scoreboard 2018 Released
UAE Exchange celebrates UAE National Day in association with RTA
International supervisory community meets to discuss challenges ahead for global...
Ring in a dazzling festive season at Ibn Battuta Mall
UOWD's quality management expert wins ASQ-UAE Quality Professionals Award
Dubai's Most Magical Festive Market Opens at Dubai Festival City Mall
Chinese Manufacturing Companies to Highlight Trade Opportunities in Middle East
Global Knowledge Index 2018 and The Future of Knowledge: A Foresight Report shin...
UAE Carriers announce aircraft formation to celebrate 47th National Day and Year...
Festive Gift Sets from Bubble T
Five-Star Euro NCAP for Jaguar's Electric I-PACE
Dubai Customs wins 3 awards from Ideas UK 2018
Spinneys Dubai 92 Cycle Challenge | Road Closure Timings
Voting on UAE Superbrands 2019 Begins
FBMA and 47 Emirati women celebrate UAE National Day
Al Hosn Now Open to the Public
Middle East economies are still dominated by oil sector development
Get Ready for Party Season with Lottie's new make-up hits
New ACH145 Mercedes-Benz Style Cabin Model Highlights First Presence at MEBAA fo...
Green Hope's November Advocacy
National Hospital offering special UAE National Day Health Package for AED 47th
Michael Kors Collection Transeason 2019 Press Presentation
BMW Group sales increase in October