The jv will chase work within the Gulf Cooperation Council (GCC) zone – these states include Saudi Arabia, as well as Bahrain, Kuwait, Oman, Qatar and the United Arab Emirates.
The jv is called Harrington (Middle East). It will have its headquarters in Dammam, where a new 20,000 sq m office and depot complex will be created.
Services offered by the jv will include tower crane and hoist rental and slip-forming, as well as structural concrete construction.
Sheikh Mobarak Al Suwaiket, president of Al Suwaiket, said: “We have always invested in the finest people and technology and this new enterprise will take this commitment into a new dimension.”
ADVERTISEMENT
Harrington describes itself as market leader for slip-forming, tower cranes and hoist rental in both the UK and Eire.
Saudi Arabia is making a big push to become one of the world’s Top 10 most competitive economies by 2010.
Among the many initiatives underway is the construction of four Economic Cities in which the government is investing more than ВЈ40bn.
Al Suwaiket Group has been named by Arab News as Number 11 among the Top 100 companies in Saudi Arabia.
It has in construction, catering, airlines, real estate and agriculture. Offices are based in Bahrain, Dubai, Lebanon, Oman, Qatar, Saudi Arabia and the United Arab Emirates.
Within the group, Al Suwaiket Contracting is active in building and civil engineering.
Harrington was founded in 1968 as a family-run formwork contracting operation. Turnover is currently around ВЈ250m a year.
VantagePointe development planned
Job losses at Story Construction
