Faithful+Gould sets business-mix target for 2019
Faithful+Gould is aiming to achieve approximately 30% of its Middle East revenue through industry-related activities by 2019
Faithful+Gould aims to achieve approximately 30% of its Middle East revenue through industry-related activities by 2019.
Middle East managing director Campbell Gray told Construction Week that the goal was in keeping with the consultancy’s broader strategy to increase its non-property operations in the region.
The shift is designed to guard against potential vulnerability to market fluctuations, given the consultancy’s increasingly targeted service offering.
Gray explained: “The thing for us is balance. By focusing on fewer things, we’re doing less but we’re more exposed to market change. Consequently, we’re simultaneously working to diversify.
“At a global level, Faithful+Gould’s activities are spread equally across property and industry, including pharmaceuticals, manufacturing, oil and gas, and corporate real estate. [However,] in the Middle East, the majority of our activities fall within the property segment.”
Faithful+Gould’s Middle East MD went on to say that his firm was working to increase its industry-related footprint across the region.
“We’re currently diversifying into industry, with energy representing our prime focus. I would like to see industry account for approximately 30% of Faithful+Gould’s Middle East revenue by 2019,” Gray concluded.
To read the full interview with Faithful+Gould’s Campbell Gray, check out issue 609 of Construction Week (6 May, 2016).