Arabtec Holding is undergoing its biggest capital restructuring programme after a dramatic fall in profit, share price and reputation. Hamish Tyrwhitt is leading the changes, including cost reduction initiatives. He was appointed CEO in November last year, as well as CEO of Depa Group, Arabtec’s fit-out arm, and has a mammoth task to fulfil. But he is already showing results: Arabtec has announced several new projects this year, including a coveted $100m contract to build the UAE’s pavilion at Expo 2020 Dubai; it has completed a $400m rights issue; and the share price has more than doubled since January.