real estate

Egis completes full integration of Projacs after 2021 takeover

January 11, 2022

Egis, a leading French construction engineering and mobility services firm with a major presence in the Middle East, has announced the full integration of Projacs, a project and construction management consultancy, following its takeover in early 2021, after their initial acquisition of a 51% stake in 2015.

With this move, Projacs has taken the next step into fully integrating and taking on the group’s name – Egis.

Projacs brings to table the extensive portfolio of project management in buildings, building infrastructure management and infrastructure expertise across the GCC and beyond.

Egis and Projacs have been working diligently together over the past 6 years to ensure their clients’ needs are at the heart of the decisions made and that clients will benefit from the company’s collective capabilities and enhanced service offering that covers full-fledged engineering services and expertise.

Operating as one brand will allow for a more unified, consistent message and will benefit current and future clients with more efficiencies, synergies and opportunities, it stated.

On the key move, Egis Middle East CEO Alaa Abusiam said: 'Innovative project management and our ongoing commitment to our clients and people is still a motivational driver of our business as we continue to ensure working closely together and adapting to our clients specific needs and objectives to deliver superior services.'

With more than 1,250 employees across the Middle East, Egis has completed 500 projects including the National Bank of Kuwait Tower, Waterbay Project in Bahrain Bay Development, Porto New Cairo in Egypt, Makkah Region Development Authority Project in Saudi Arabia among others across an array of disciplines.

Its Middle East unit accounted for 13% of the activity in 2020 with a turnover of $134 million.

'The brand unification is the next natural step in developing a stronger presence and further sustainable growth, allowing both companies to mutually benefit our clients through a well-established network of local offices with global know-how and experience,' he added.

tradearabia

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