President – Engineering and Construction
When Construction Week’s 2015 Power 100 went to print, Samer Khoury had recently taken the helm of Consolidated Contractors Company (CCC) following the passing of his father – and the last of the company’s three founding members – 91-year-old Said T Khoury.
But Samer Khoury was certainly no newcomer to the Greece-headquartered construction giant. He has worked forCCC for three decades. Before assuming his current role of president – engineering and construction, he acted as the firm’s executive vice president of operations.
During the past 12 months, Khoury and his two brothers have worked to bolster their company’s footprint in the Middle East, with a raft of major projects across the region.
Speaking to CW in October 2015, he explained: “Our father pretty much handed us the business 10 years ago to make sure that we were on the right track.” Consequently, the senior management team remained largely unchanged following his father’s death.
In 2015, CCC achieved revenues of $4.6bn, of which 1.5% was profit. Revenues for the current year are expected to hit $6bn, with a projected profit of 2.5%. The contractor also boasts a healthy backlog in excess of $10bn, with over 70 projects across more than 40 countries worldwide.
During the course of the coming year, Khoury’s team will continue to support a number of large-scale projects across the Gulf in conjunction with a range of complementary construction behemoths. These will include $3bn (SAR11.25bn) of works at Saudi Aramco’s Jazan Refinery and Terminal with Petrofac, Saipem, and Hitachi; $8bn (SAR30bn) of works at Riyadh Metro with Bechtel and Almabani; $3bn (AED11bn) of works at Abu Dhabi International Airport with TAV and Arabtec; and $2bn (OMR770m) of works at BP’s Khazzan oilfield in Oman with Petrofac.
Internationally, CCC employs approximately 140,000 employees, including 100,000 labourers and 4,000 qualified engineers. The firm spends 5% of its income on in-house staff training and development.