Video: Kareem Farah of Dubai's Engineering Contracting Company
A slowdown is not necessarily a bad thing – Farah explains why in this exclusive interview
In this exclusive interview with Construction Week, Kareem Farah, chief executive officer of Dubai-based Engineering Contracting Company (ECC), shares his thoughts on the need for more affordable homes in Dubai's real estate market and the group’s contracting approach and model.
He also touches on the challenges and opportunities he sees in the UAE’s contracting market in light of what he describes as a slowdown, the latter of which Farah believes is not necessarily a bad thing for young economies such as the UAE’s.
With this in mind, Farah remains optimistic – particularly for ECC, which he believes owes its longevity to a long-held market reputation.
Moreover, reduced activity, in his view, ensures the survival of the fittest, with times of slowdown affording companies time to “reflect internally and make their companies more efficient and more lean”, while also “weeding out” those offering poor quality engineering and contracting services.
Founded in 1975, ECC is part of ECC Group, which also includes Aurora Real Estate Development Company – headed up by chief executive officer, Kamal Farah, Kareem’s older brother.
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