Dubai – Mubasher: Airolink has signed new project contracts worth AED 2.8 billion ($760 million), according to a statement released Sunday.
The new deals raised the total value of the company's current order book to AED 4.4 billion ($1.2 billion) from AED 1.6 billion ($435 million) in the first quarter of 2017.
The new projects reflect “the growing confidence of our clients on Airolink’s project delivery capacity and demonstrate our growing strength in project management and construction,” stated chairman and managing director Anil G. Pillai.
The outlook for Dubai’s construction industry is positive for 2017 as 4,000 active construction projects valued at $313 billion are underway, according to data from BNC’s Construction Analytics report.
Among Airolink’s ongoing projects are the Al Mamzar Centre, the Emirates College of Technology, the Bloom School, the Art Centre, and the Dubai Heights School.
The UAE-based design and construction conglomerate has been involved in the construction of five schools across Dubai and Abu Dhabi.
“We have been quite strong in developing many educational facilities, shopping centres, hotels, residential, and healthcare projects and our strength comes from undertaking projects on turnkey basis,” the chairman highlighted.
He added that Airolink is capable of undertaking the full development responsibility, which entails educating clients on construction technology and financial discipline, feasibility study of the project, consultancy, design, detailed design, construction, and full project delivery.
“We are not just a contractor,” Pillai concluded.
