2014 Construction Week Power 100
Sun 22 Jun 2014 01:01 PM
Ghassan Merhebi
5

Ghassan Merhebi

Company: ACC

Designation: Chairman

Arabian Construction Company (ACC)is one of the most established construction companies in the region. During the market’s most difficult years, the company was able to work somewhat “comfortably” on the projects it had been awarded before the crisis, such as The Gate Towers at Reem Island.

Steering the company is chairman Ghassan Merhebi, who has been at the helm for 48 years.

While the company continues to be awarded projects in the UAE, Qatar and Saudi Arabian construction markets, Merhebi is looking to diversify its activities – mainly into the oil and gas sector.

ACC is working alongside oil firm Petronas in Malaysia to produce oil from margin fields. It has also formed a partnership with a mid-size company that provides services in oil and gas.

ACC is currently involved in some of the biggest projects in Saudi Arabia and Qatar, such as the $799.9bn (SR3bn) Jabal Omar Development, and the largest Pepsi Cola factory in Jeddah (SIBCO mega plant), is preparing tenders for more than $5.4bn (AED20bn) worth of projects for the rest of the year. It has a turnover of around $1.5bn and employs over 3,000 professional staff. Its total workforce numbers more than 30,000.

The company has also recently signed a deal with an Iraqi developer to build a high-rise residential tower in Baghdad, and it has won a number of prestigious contracts including the award of a project to build the new Sheikh Khalifa Mosque in Al Ain and the Fountain Views tower projects in Downtown Dubai for Emaar Properties.

Past projects of note include a number of defence contracts for Qatar’s armed forces, the Sheikh Zayed Grand Mosque in Abu Dhabi, the 22,000-seat Beirut Municipal Stadium and the Riyadh Chamber of Commerce headquarters. It was also the main contractor on the recently-completed World Trade Centre Abu Dhabi project, containing office and residential towers, a hotel and a new retail mall.

The company is also building three towers in India, including the tallest tower currently underway in the country, Mumbai’s 650m-high, 120-floor World One.

Following this, it has also picked up work to deliver an 85-storey tower in New Delhi and a tower in Calcutta.