AL SHAFAR General Contracting (ASGC) has won a string of lucrative projects worth Dh3 billion ($816.7 million) in the last few months, when it was named the main contractor for several prestigious developments across the UAE and overseas in Egypt.

Included in its list of new contracts are Ambulatory Hospitals in Abu Dhabi, Marina Bay, Ocean Scape and Al Wifaq Tower on Reem Island, Seasons Community in Jumeirah Village in Dubai, The Onyx on Sheikh Zayed Road in Dubai, The One – Commercial Tower in Tecom Dubai, Wasl Square, Safa South Complex in Jumeirah, Dubai, and Marassi on the north coast in Egypt.

“After an all-time low, activity in the construction sector has improved and we are glad to have signed up these fabulous deals that range from residential towers to commercial centres and healthcare facilities,” said ASGC chief executive officer Bishoy Azmy.

ASGC is also looking to expand its operations in potential overseas markets and is on the hunt for new opportunities across the Middle East and North Africa region and Asia. The company is pushing ahead with its expansion strategy that envisages stretching its footprint from Saudi Arabia to Qatar, Kuwait, Oman, Bahrain, Libya, Egypt, the CIS and parts of Asia.

“The market is fairly subdued but there is still significant worth of work going out to tenders over the next two years. We are hopeful some of these will materialise for ASGC,” Azmy said.

Led by president Emad Azmy, the group has been a major player in the UAE’s building industry for the past two decades and has to its credit over 250 prime projects including landmarks such as Dubai Police General headquarters, the DAFZA headquarters, UAE Ministry of Public Works and Housing projects, Dubai Internet City – Phase III, Dubai Studio City and Jumeirah Beach.