Company: Arabian Construction Company
Designation: Chairman and founder
Almost half a century has passed since Ghassan Merehbi founded Arabian Construction Company (ACC). During this period, the chairman has watched his company grow from strength to strength, with operations across the length and breadth of the GCC and wider Levant.
In 2015, ACC achieved revenues of approximately $1.27bn. This year, Merehbi expects this figure to hit $1.4bn. The value of the contractor’s total awarded contracts stands at around $6bn. It also boasts a backlog in the region of $3.1bn.
Over the past 12 months, ACC has completed a variety of major projects as main contractor, primarily in the UAE. This year alone, Merehbi’s team will hand over The Address Residence Sky View, The Address Residence Fountain View, and Volante Tower in Dubai, and Sheikh Khalifa Bin Zayed Al Nahyan Masjid in Al Ain.
Outside the Emirates, the firm expects to complete a workers’ hospital project in Qatar; Waterfront City in Beirut, Lebanon; and Jeddah Gate E8, E9, and E10 in Saudi Arabia, all before the end of 2016.
Back in the UAE, ACC will continue its work on Barakah Nuclear Power Plant’s Physical Protection System, andBoulevard Point in Downtown Dubai – projects due to complete in April 2017 and April 2018, respectively. The firm is also performing the role of sub-contractor for Phase 3 of surface facilities at Abu Dhabi’s Al Dabbiya oil and gas development, which is due to complete in August of next year.
Over the longer term, Merehbi’s team will perform the role of main contractor for roads and infrastructure works at the Wahat Al Zaweya development in Al Faqa, Al Ain. Construction activities at the project are due to complete in 2022.
During the next 12 months, Merehbi told Construction Week, ACC will pursue geographical and sectoral expansion. “Our biggest opportunity will be to enter new geographical areas and industries,” he noted. “Our biggest challenges will be the oil price, and the number of new projects that are being launched.”