ALEC and BUTEC announce new JV to meet industrial demand

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·       ALEC and BUTEC forge new alliance to focus on utilities, industrial and environmental projects

·       New venture will consolidate strengths and expertise helping to streamline costs

Dubai, UAE: ALEC, the Dubai-based main-contractor and BUTEC, a design-build industrial contractor, have announced the launch of a new joint venture which will target the region’s utilities, industrial and environmental sector-based projects. In consolidating its assets, personnel and experience, the JV is anticipated to provide a highly competitive offering for projects seeking a cost-effective solution, while retaining the high quality and industry experience required for such undertakings.

Commenting on the decision, ALEC’s managing director, Barry Lewis, said: “Our decision to create a new JV with BUTEC stems from a wider industry move to collaborate more closely, particularly on major infrastructure projects, while pooling strengths to provide a faster, more efficient solution for clients. In working with BUTEC, we are capable of adding significant value to the region’s future power, water and oil & gas initiatives.”

Speaking on behalf of BUTEC, Tony Hanna, general manager, said: “In view of ALEC’s extensive experience on major regional projects, such as Dubai International Airport Concourses A & D with the associated rail link and upgrade of Terminal 1, the Dubai Marina Mall and most recently, One Za’abeel, and to BUTEC’s strong design-build capabilities in the industrial sectors, this partnership is structured to complement our respective strengths, and to create a stronger value proposition for our clients.”

The JV’s vision which includes cost-effective and environmentally sustainable solutions that leverages specialised knowledge from both parties. According to data released by BNC Publishing in August last year, 44% of the total value of new GCC-based project announcements came from the industrial sector.

About ALEC:

ALEC Engineering and Contracting L.LC. (ALEC), part of the Investment Corporation of Dubai (ICD), is a large construction company with related businesses operating in the GCC with a presence in Africa.  ALEC has consistently evolved and grown over the last 20 years to become a trusted partner for the execution of complex and iconic construction projects. The company builds and provides construction solutions to exceed our clients’ expectations for quality, safety, functionality, and aesthetics.

ALEC has extensive experience in complex projects across diverse sectors including airports, retail, hotels & resorts, high-rise buildings, themed projects as well as construction management, design management, estimating, cost planning and procurement.

ALEC also possesses a Design and Build capability, which enables us to provide integrated construction solutions to our clients. ALEC offers its clients a complete turnkey solution with construction, MEP, fit-out, energy efficiency solutions and solar opportunities, heavy equipment rental as well as technology systems.

 

About BUTEC:

Since its foundation in Beirut in 1964 BUTEC has steadfastly built on its position as a leading contractor in the MENA and GCC regions in the fields of construction, engineering, logistics and related services. Throughout these more than 50 years of excellence BUTEC has earned an impeccable track record, delivering a wide variety of complex and innovative projects while distinguishing itself for its best practices in engineering, integrity and safety.

From the beginning the focus has been on bringing international standards to local markets, a key factor that has underpinned BUTEC’s status as the local contractor of choice. Solid expertise, an innovative approach and focus on client satisfaction also continue to be integral to BUTEC’s long-term success and its ability to distinguish itself in a competitive market.

Today from its branches across the Middle East, North Africa, and the GCC, BUTEC offers its clientele unparalleled services, deftly mobilizing resources on time and within budget for each project while implementing a tailor-made approach that blends technical know-how with creative solutions for optimal results. BUTEC looks to the future with a continuing commitment to deliver world-class engineering and construction projects for the next 50 years and beyond.