Despite sustained pressure on oil and gas prices in the Middle East and Africa (MEA) region, Parsons MEA achieved solid results during 2015. This performance was reflected at a global level; the US-based construction corporation achieved total revenues of $3.2bn last year.
MEA president Gary Adams and his team have succeeded in securing a raft of new projects in the Middle East over the past 12 months. Parsons has won work on a selection of high-profile developments, including the UAE’s Al Shindagha Corridor and Dubai Expo 2020, Qatar’s Hamad International Airport, and a counrtry-wide water project in Saudi Arabia. Also in the kingdom, Parsons succeeded in securing its first contract with energy giant Saudi Aramco.
Adams’ team has completed around 50 Middle East projects over the past 12 months, including several Transportation and Roads Improvement Programme (TRIP) contracts in Abu Dhabi; infrastructure construction supervision at Ras al Khor in Dubai; infrastructure design at the Oman Convention & Exhibition Centre; design and construction supervision at Qatar’s Al Shamal Sewerage Treatment Plant; and the design of Bahrain’s Alba Interchange.
During the coming year, Parsons will work to expand both its geographical and sectoral footprint in the region.
“Parsons has a strong market position in the UAE, Qatar, Oman, and Saudi Arabia, where we have delivered landmark projects in aviation, roads and highways, bridges and tunnels, and land development,” Adams told Construction Week.
“We now have an opportunity to deliver core portfolio services to some of the [Middle East’s] relatively under-developed countries, such as Bahrain, Egypt, Kuwait, and Iraq.
“Similarly, there are a series of adjacent market lines that are new for Parsons in MEA, which can be introduced in countries where we are already established. Water and wastewater, oil and gas infrastructure, buildings, ports and harbours, and defence and security, are lines that we plan to introduce in known geographic regions,” Adams added.
SCROLL TO CONTINUE WITH CONTENT