Owing to another solid year at the helm of ALEC, chief executive officer Kez Taylor has climbed four places from his 2015 position on the Power 100.
During its most recent financial year, profit accounted for 4.3% of ALEC’s annual turnover. Encouragingly, this was up on the figure of 3.6% achieved during the 2014 financial year. Moreover, Taylor and his colleagues expect revenues to pass the $1bn-mark in 2016.
ALEC’s solid financials have been driven by a series of high-profile completions, both in the Emirates and the wider Middle East. Between June 2015 and May 2016, it completed two major airport projects in the UAE: Dubai International Airport’s Concourse D, which boasts a built-up area of 15ha; and Abu Dhabi International Airport’s Terminal 3, which has added more than 1.7ha to accommodate Airbus A380 aircraft landing in the capital.
Also in the UAE, ALEC Fitout is due to hand over the architectural fit-out package for Abu Dhabi National Oil Company’s (ADNOC) new corporate headquarters – a project that included the interior finishes of 54 office floors across an area of 98,000 sqm.
Meanwhile in neighbouring Oman, Taylor and his colleagues completed Jabal Akhdar Anantara Hotel Resort & Spa, a 115-key, five-star hotel situated in the sultanate’s Al Hajar Mountains, which occupies an area of 2.3ha.
During the coming year, ALEC will continue to support expansion works at a number of GCC airports, as well as a selection of residential, commercial, and hospitality-related developments.
At present, the contractor boasts a 13,000-plus workforce, of which 1,420 are qualified engineers. ALEC has increased its overall number of employees by approximately 40% since 2014 and, according to Taylor, this growth has been qualitative as well as quantitative.
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“We have invested heavily in the time that all members of ALEC’s senior management spend mentoring and coaching employees,” he told CW. “All of our human development programmes are in-house led, and we are very proud of our Leadership Development Programme.”