Anel MEP keeping busy with backlog of $500mby Cathal McElroy on Aug 14, 2013
Anel MEP has a backlog of work in the region of $500m following its $287m award for work on the Abu Dhabi Midfield Terminal project, the company has revealed.
The Turkish contractor was awarded the electrical works contract for the airport extension last November along with the mechanical works as part of a consortium comprising Efeco and Thermo.
This brought the company’s backlog above the $500m mark, with the figure standing at $565m as of 31 December 2012.
Since then, the company has managed to clear some of that workload resulting in a backlog of $500m as of 31 May 2013.
Last year was a particularly fruitful one for the company as it signed $431m worth of contracts, whereas each of the previous two years saw the company win deals in the region of $200m to $250m.
Beyond the huge Abu Dhabi airport contract, the contracts the company won in 2012 included a $24.2m deal for a Marriott Hotel in Sochi, Russia; a $21.7m award for work on the New Doha International Airport; and a $55.93 contract for İş GYO Tuzla Trade Center in its homeland of Turkey.
These contributed respectively to a $358.2m total for international contract signings and a $73.14m total for domestic Turkish signings.