CCC
Consolidated Contractors Company (CCC), with a geographically diverse portfolio and more than 130,000 employees, has become a frontrunner in tackling the decrease in infrastructure spending by GCC governments that has come on the back of constantly fluctuating oil prices.
The Greece-based contractor’s significant project wins in the GCC include the $3bn Abu Dhabi Midfield Terminal in a joint venture with Arabtec and TAV, $300mn roadworks in Oman, and the $4bn Kuwait Oil Company’s (KOC) Lower Fars heavy oil development with Petrofac. Looking ahead, CCC enjoys an amply-supplied project pipeline. “Currently, our strategy is to focus on heavy infrastructure projects,” Samer Khoury, president for engineering and construction at CCC, told Construction Week in an exclusive interview last year. “If we want to maintain our growth and expect good margins in return, we need to focus on these market segments,” he said.
Khoury added that the firm expects projects with Saudi Aramco, as well as in Qatar, and for Abu Dhabi Company for Onshore Oil Operations (ADCO) in the UAE. Overseas, an LNG plant is planned in Mozambique. CCC reported revenues of $5.3bn in the first half of 2015, and has plans to grow at around 5% per year, he stated.
