Turner & Townsend’s Mideast revenue up 46pc
Dubai, July 31, 2014
UK-based Turner & Townsend, a programme management and construction consultancy, has increased its turnover by 12 per cent to GBP357.4 million ($605 million) in the year ended April 30 with revenue jumping 46 per cent to GBP17.9 million in the Middle East.
The company, which employs more than 3,660 staff across a global network of 87 offices, has now recorded four successive years of growth – boosting turnover by 51 per cent since 2011.
The company continued to invest in both its capability and reach throughout the year, opening eight new offices around the world and increasing staff numbers by 13 per cent.
Revenue increased by a third (33 per cent) in Asia. In the UK, still the company’s largest market, revenue grew by 11 per cent to GBP148 million, while the company’s North American division grew revenue by 30 per cent to GBP56 million.
Turner & Townsend’s CEO Vincent Clancy said: “After four years of uninterrupted growth, Turner & Townsend continues to deliver record turnover while building further momentum towards our long-term objectives. We have strengthened our market-leading position across our core sectors: property, infrastructure and natural resources.”
“Our property team works for some of the world’s most iconic brands, and are engaged with several of them - Chevron, Nissan and Barclays - to transform the delivery of their global property programmes.
“Our infrastructure team scored a string of successes – winning a delivery management role on Australia’s largest public transport scheme and securing a three-year contract as sole provider of commercial and controls consultancy services at London’s Heathrow Airport. Turner & Townsend is now established as a global leader in the aviation sector, and is working on five major airport programmes in the Middle East alone,” he added.
Turner & Townsend’s Middle East managing director Mike Collings said: “Our Middle East operation had an outstanding year of growth, with revenue rising by nearly half (46 per cent) and our headcount by 52 per cent. We achieved this strong growth by focusing on delivering exceptional outcomes for our clients, investing in our capability and by strengthening our position across our three core sectors: property, infrastructure and natural resources.”
“Our market-leading performance in the infrastructure sector continued. In addition to our involvement in Qatar Rail and Lusail City, we are now working on five major airports programmes in the Gulf region, including Abu Dhabi Airport’s GBP6.2 bilion expansion programme.
“The past year saw us build on this established reputation to secure major commissions with high profile natural resources and property clients, including leading local companies Qatari Diar, Meraas Holding and major mining firm Ma’aden,” Collings concluded. – TradeArabia News Service