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Derek Lewis
36

Derek Lewis

MD UAE, Al-Futtaim Carillion
Jose Antonio López-Monís
Gary Wells

Al Futtaim Carillion is one of the longest-established contractors in the region.

The joint venture between UK contractor Carillion and the Al-Futtaim Group has its roots in predecessor companies which started operations in the mid-1950s. Since then, the joint venture has worked on scores of major projects.

Derek Lewis’s company built most of the initial towers at Dubai Marina for Emaar Properties, as well as infrastructure in Downtown Dubai – now home to the Burj Khalifa and Dubai Mall.

Al Futtaim Carillion is the partnership through which Carillion carries out most of its business in the Middle East. In Oman, it trades as Carillion Alawi and is headed by regional MD Andy Jones.

Middle East operating profits dropped by 41% to $45.3m on the back of an 11% decline in sales to $740m, the company argued that most of the lost momentum was in the early part of the year and in the second half momentum picked up strongly – so much so that by the end of the year it had cornered around 93% of the revenues it expected to earn in 2013, compared with 70% revenue visibility at the end of 2011.

The size of its project pipeline remained at $17.8bn (£11.4bn) at year-end, but the spread of locations through which this is likely to be achieved has widened.

The Abu Dhabi office, which opened in 2008, is now responsible for 23% of regional revenues and a division in Egypt that opened in the same year contributed 15% in 2012. Moreover, by the year end, the company signed a letter of intent to deliver its first major contract in Saudi Arabia.

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Awards

New category open for consultancies at CW Awards 2019 in Dubai
Sub-Consultancy of the Year to be crowned for the first time at the gala ceremony
Leaders in Construction KSA Awards to be held in Sep 2019
Gala ceremony in Riyadh to recognise and reward Saudi Arabia's best construction projects and brightest

Conferences

Leaders UAE 2019: Pinsent Masons confirmed as Gold Sponsor
Law firm is among the major construction industry players confirmed as sponsors for Leaders UAE's
Leaders in Construction UAE Summit returns in Sept 2019
Dubai conference to see top officials discuss the people, trends, and challenges that will power

Latest Issue

Construction Week - Issue 747
Aug 03, 2019