Luay Khoury and his colleagues at Projacs have certainly had an interesting 12 months. In Q3 2015, the GCC-headquartered project management company became part of Egis. The French engineering giant acquired a 51% stake in Projacs, which boasts a workforce of more than 600 people in the Middle East.
During the past year, Projacs has fulfilled its role as project manager at a selection of GCC developments, including various Aabar projects in the UAE; a Millennium Hotel in Kuwait; Entertainment City and Dana Club in Qatar; Dar Al Qibla and Al Hayat Regency Hotel in Saudi Arabia; and ABG Towers in Bahrain.
The project management company’s notable historic projects include contracts with the National Bank of Kuwait (NBK) and Central Bank of Kuwait (CBK), City Stars Sharm El-Sheikh in Egypt, Qatar Entertainment City, and Balqis Residence Palm Jumeirah in the UAE.
Despite a tough economic climate, Projacs told Construction Week that it succeeded in exceeding its financial targets in 2015.