Projacs commenced operations in Kuwait in 1984, and has quickly grown to become the largest Middle East-based project and construction management firm, coming 10th in the non-US ranking by the Engineering News Record.
At present the company employs over 700 engineers, managers and assistants on about 100 projects with a total construction value of about $36bn.
“When we established the company, the vision was to be a leader in the Arab world,” says Luay Khoury, himself senior executive with about 30 years of professional experience from the Middle East and North America, where he has been actively involved in several prestigious and strategic projects.
In Dubai, Projacs is on a major renovation contract at the Burjuman Shopping Centre. “It is a major project and a sophisticated one because, as an existing mall, it will take a lot of coordination and practice,” said Khoury.
“We have done several renovation projects on hotels while they are operating, and that is a challenge.” Despite Qatar and Saudi Arabia being the company’s biggest growth markets at present, Khoury noted: “The buck does not stop there.
We do not sit on our laurels and say that is it – we have just landed two new projects in Tunisia and Algeria, so North Africa is an important market to us. We have also embarked on FM and are actually practicing it on a few projects.”