Al Nasr Contracting to open in Qatar
UAE infrastructure specialist seeks local partner ahead of launch
Al Nasr Contracting Co is to open a new office in Qatar in a bid to cash in on the growing demand for infrastructure work as many big-ticket developments such as its metro and national railway projects come on line.
"Our businesses development arm is looking for opportunities for us to open branches in other GCC countries – specifically in Qatar," he said.
"The business model is being generated now and hopefully within the coming few months we will be taking this step."
He said that the company had kept a watching brief on developments in the country for some time, but was now finally looking to strike a deal with a local partner.
"From day one when everybody started talking about the potential jobs coming in Qatar, we did our research through consultants, acquaintances and professionals we know there.
"And it was clearly sensed that it would take some time for the design and the planning of these jobs, but eventually they jobs have to finish by 2020.
So we went with it backwards. If they have to finish by 2020, they can’t start later than x number of years."
He argued that through the discussions the firm had been having with consultants, government contacts and due to the growing list of projects that will soon move towards contract stage, that "it’s the right time to be in Qatar".
"But as you know, being in a new country without the right partner I believe is almost a waste of time. This is the challenge for our business development team – to find the right partner."
Abu Dhabi-based Al Nasr Contracting began to deliver its first contracts 40 years ago. It has carried out work across the UAE, and has just recently opened an office in the Kurdish city of Erbil in Northern Iraq.
In 2012, the company had a turnover of just over $190m (AED: 700m).
A full interview with Al Nasr Contracting will appear in issue 458 of Construction Week.