Sweett Group has been expanding its presence in the Middle East in recent years, handling major projects, such as the CMA Tower, which will be one of the flagship buildings within the King Abdullah Financial District in Riyadh and home to Saudi Arabia’s Capital Markets Authority.
The firm has grown its regional footprint, opening offices in Qatar and an office in Oman earlier this month. Last September, it also signed an alliance with Irish infrastructure specialist Cost and Contract Consultants (C3 Projects), which should boost its presence in the Saudi Arabian market.
Flagship projects carried out across the region include the Dubai Metro, the Grand Hyatt hotel in Beirut, Repton School in Dubai and new hospitals in Sharjah and Morocco.
However, the firm, which has revenues of $135mn a year and profits of around $3mn, has indicated it will be “highly selective” in the markets it chooses to enter and it will limit revenues within the region to no more than 10% of group income.
“We are seeing a surge in hospitality led projects across the GCC. I take a personal interest in this sector given my background in hotels and real estate development,” Gill told CW this month.
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