2019 CW Power 100: Waqas Al Adawi of Oman's S&T Group at #37
EXCLUSIVE: Vice chairman of Oman's S&T Group moves up in 2019 Construction Week Power 100 ranking
The vice chairman of S&T Group, Waqas Al Adawi, has spent 13 years at the Oman-based conglomerate, with seven years in his current role.
Between June 2018 and May 2019, the group has been carrying out fit-out works at the National Bank of Oman, Muscat; Kempinski Muscat; Sundus Rotana; and Al Maryah Central, Dubai. It employs 2,640 unskilled labourers and 169 qualified engineers.
According to Al Adawi, S&T is moving forward with technology adoption, with the implementation of enterprise resource planning software at S&T Sri Lanka, and a project documentation management system at S&T Oman.
Last year’s revenues at the firm stood at $255m (OMR98m) and Al Adawi expects this number to hit $370.6m (OMR142.5m) in 2019, marking an increase of 45%.
The Omani company provided joinery and gypsum works for Anantara Al Jabal Al Akhdar, Oman – a five-star resort constructed by UAE-based Alec.
Al Adawi tells Construction Week: “The Middle East is seeing significant growth, with Vision 2021 and Vision 2020 for the UAE and Oman, respectively.”
He continues: “With a focus on infrastructure development, manufacturing, tourism, and mining in the region, we envisage significant opportunities.”
S&T Interiors and Contracting’s scheme, the Waterfront in Shatti
Al Qurum, Muscat, is a 4.6ha project. It is one of the largest sustainable developments in the densely populated area of Muscat, and has been pre-certified as a Leed Gold structure.
According to Al Adawi, for the Omani firm, the single biggest challenge over the next 12 months will involve “finding skilled tradesmen at all levels of the company’s operations”.
Check out the 2019 Construction Week Power 100 issue here.