ETA M&E expands into Saudi, Oman
Dubai's top MEP contractor expands into Saudi, Oman.
The ETA M&E division has extended its operation in Saudi Arabia, and has “also opened our operation in Oman recently,” says director K.M. Jegabber. This is in addition to the division’s presence in Abu Dhabi and Qatar.
Jegabber explains this strategy is “in order to sustain our position in terms of turnover and to retain all our skills and resources.”
Established in Deira in 1976, and having worked on such iconic projects as Burj Khalifa and the Dubai Metro, the M&E division is now actively looking beyond Dubai’s borders to sustain its order book.
“There is no inflow of projects like we used to have in order to sustain the market at present. We have one project here and one over there,” says Jegabber.
However, there are signs of an upturn in the Dubai market. “Yes, we are seeing evidence of a pick-up. A lot of projects that stalled due to the downturn are picking up again, while current projects stopped at the design stage are now coming back. New projects are also being planned. We are seeing some green shoots.”
Jegabber warns though “the market will not return to the same magnitude as before. It will take some time, and will probably never go back to the 2006-2008 level. But certainly we will be able to say that we are still here.”
Read the full interview with K.M Jegabber in the October issue of MEP Middle East.