2020 CW Power 100: Katerra's Ash Bhardwaj placed at number eight
Katerra set up its first office in Saudi Arabia and remains in the top 10 for the CW Power 100 list
Katerra’s Ash Bhardwaj remains in the top 10 for this year’s Power 100 list for its efforts to enhance Saudi Arabia’s real estate sector.
Currently, the firm are commissioned to build more than 14,000+ homes across eight districts in Saudi Arabia with the Ministry of Housing. In the last year, Katerra has set up four functional onsite factories that are delivering 350-400 homes a month and has aspirations to ramp up its production.
The company also set up its first offices in Saudi Arabia last year and has grown its workforce to more than 2000+ people working across 30 sites and delivering a home a day on each site. As well as its activities in the real estate and industrial sector, the firm also confirmed to Construction Week that it is bidding for the kingdom’s gigaprojects and projects in the retail, commercial and healthcare sector.
The firm is also progressing in the Indian market after sealing deals to build Lulu Group’s two-million-sq-ft mall in Lucknow and is also developing offices for technology giants Infosys and Microsoft.
The firm has 700 projects across its portfolio and a global turnover of around $2.5bn.
To view the full 2020 Construction Week Power 100 ranking, then click here.