Construction manager Mace has signed a partnering deal with leading
Middle East developer Majid Al Futtaim Group, which is expected to
generate projects worth "several billion dollars" over the next
five years.
The deal has been in the making for the past year and a half and
builds upon the company's project management of two major mixed
retail development in Dubai and the United Arab Emirates. The move
will enable Mace to increase its presence in the region and is a
major boost to the company's international ambitions.
Mace's project manager, Guy Russell, told CJ: "For 18 months we've
been working on projects and trying to find the right means to
cement our relationship, and we settled for the partnering route.
They have got projects worth several billion dollars stacked up at
the moment and there will be a steady stream which will help us
ramp up our resources in the region.
"Partnering is a tried and tested route for Mace. We've been very
much based on blue chip companies, BAA, J Sainsbury, Tesco and
Pepsico and it's always been our intention to build from that
foundation," said Russell.
The company now has overseas offices in Dubai, Abu Dhabi, Warsaw
and Kuala Lumpur. Mace director Michael Davies said: "Our
relationship with Majid Al Futtaim Group, a very important
organisation in the region, enable us to build quickly from an
already strong business base. This of course follows the
established pattern of Mace in seeking to develop long-term
relationships."