Construction & Real Estate

ALEC H1 revenue jumps 68pc to $2.4bn on project execution

UAE-based engineering and construction group ALEC Holdings has recorded a 67.6% jump in its H1 revenue which rose to AED8.99 billion ($2.45 billion), helped by higher activity across its major projects, while profitability was hit by disruptions to energy services amid regional geopolitical tensions. ...

Construction & Real Estate

ALEC unit Target wins $500m three EPC contracts in Gulf

ALEC Holdings, a leading diversified engineering and construction group operating in the UAE and KSA, has announced that its subsidiary Target Engineering Construction Company – SP, has secured three major contracts worth a total of over $500 million in the Gulf....

Construction & Real Estate

ALEC Holdings sponsors ‘Adopt a Class’ at Al Noor Training Centre

ALEC Holdings, a leading diversified engineering and construction group operating in the UAE and KSA, has signed a memorandum of understanding (MoU) with Al Noor Training Centre for People of Determination, under which it will sponsor a classroom of 10 students of determination for one academic year. ...

Construction & Real Estate

ALEC distributes 28,500 hygiene care packages to construction workers

ALEC Holdings, a leading diversified engineering and construction group, mobilised its 1,400+ personnel along with its subcontractors for a major donation drive. The company also distributed 28,500 hygiene care packages to construction workers across its UAE project sites. ...

Construction & Real Estate

SIBS, ALEC unit in deal to scale industrialised construction in Middle East

SIBS, a major international specialist in industrialised, volumetric modular construction based in Sweden, has signed a strategic collaboration with Linq Modular, a part of UAE-based ALEC Holdings, to accelerate the delivery of large-scale, modular developments across the Middle East. ...