iPhone | iPad
Android
Huawei
KT APPDOWNLOAD
Navayuga to Expand to Dubai, Oman
ABU DHABI - Navayuga Engineering (NEC), one of the leading construction companies headquartered in India, is planning to expand to Dubai and Oman this year, after consolidating its presence in Abu Dhabi.
The company which forayed into the UAE market in early 2008 had won two major contracts for infrastructure work of prestigious City of Lights project in Abu Dhabi in 2008. The company has already completed work on the first project, and is currently undertaking another project work for the City of Lights.
“We will focus on the Middle East market to attain a projected turnover of Dh 800 million by the end of the New Year. NEC also plans to diversify the business to include infrastructure related works such as flyovers, underpasses, and metro and marine works.” Antony David, General Manager, Navayuga told Khaleej Times.
Emphasising that the successful completion of the first project has reiterated NEC’s competencies in delivering projects as per schedule, he said the key to construction works in the current financial scenario is to optimise resource use efficiency and maximise productivity through economies of scale. NEC has a large roster of modern equipment and skilled manpower, and by rationalising the use of our resources, we have been able to contribute to the overall developmental efficiency of the projects we undertake.”
NEC has a team of about 500 professionals and skilled workers leading its projects in the UAE. To support its growth strategy, the company has already mobilised manpower and machinery to the UAE including 22 heavy-duty rigs, 18 cranes and 15 Vibro Hammers — the first of its kind by a new entrant to the market, Antony David said.
More news from Local Business
The latest branch is the second branch of the company at Sahara Centre and one of the eight branches opened in the UAE this year, the exchange house said in a statement
Events to be staged at the DWTC, comprising diverse sectors including construction, energy, technology, beauty, food, healthcare, environment and automotive, will mark the emirate’s post-pandemic economic recovery
Dubai FDI supports expansion by Amazon Web Services with upcoming data centres in the UAE
Some banks are now permitting their customers to purchase Bitcoin and other crypto currencies after conducting due diligence tests on payments
The percentage of using the digital transformation platform has grown to 96 per cent compared to the first half of last year, when the percentage of use did not exceed 76 per cent