2018 CW Power 100 Preview: CEO of UAE's Al Futtaim Carillion makes debut

2018 CW Power 100 Preview: CEO of UAE's Al Futtaim Carillion makes debut
Mahabir is the CEO of UAE construction contracting giant, Al Futtaim Carillion.
Published: 21 June 2018 - 3:08 a.m.
By: Neha Bhatia

Edmund Mahabir, chief executive officer of Al Futtaim Carillion (AFC), makes his debut in the 2018 Construction Week Power 100.

Mahabir has been with the main contracting specialist for five years, of which two have been in his current role.

Alongside fellow-2018 Power 100 entrant, Dubai World Trade Centre’s (DWTC) Gurjit Singh, Mahabir was part of the team that collected Commercial Project of the Year honours for One Central, Phase 2 at the Construction Week Awards 2017 in Dubai.

Between 1 January and 31 December, 2017, Mahabir led AFC to revenues worth $750m (AED2.75bn), with the number expected to grow by more than $100m (AED367.3m) by the end of this year.

Around 86% of AFC’s projected revenue for 2018 has already been secured.

AFC is among the UAE’s most recognisable and long-standing contracting outfits, and this is reflected in its employee numbers, as well as project portfolio.

The company’s workforce currently includes 375 qualified engineers and 4,500 unskilled labourers. Both figures are higher than corresponding values for 2017, which respectively stood at 320 and 3,200.

AFC’s workforce is also served training and development programmes, which by the end of this year, will amount to $320,000 (AED1.2m).

Much of this growth is thanks to the main contractor’s portfolio of completed and ongoing projects. Between June 2017 and May 2018, the firm was involved with high-profile schemes in the UAE, such as the W Hotel Palm Island project as main contractor, and DWTC's Phase 1A5.

And, between now and May 2019, this portfolio will grow to include Expo 2020 Dubai’s Thematic Districts, Dubai Creek Harbour’s Plot 19, DWTC’s Phase 1A6, waste management company Bee’ah’s headquarters in Sharjah, and a retail development in Jebel Ali.

READ: Al Futtaim Carillion chosen for $600m Expo project

It is no surprise that Mahabir lists Dubai, Abu Dhabi, and Sharjah as AFC’s key geographies for the year, adding that commercial, residential, and leisure projects would be areas of focus for the main contractor.

He also cites Expo 2020 Dubai as a significant opportunity for AFC in the next 12 months. Conversely, the AFC chief says that contractors in the region will face challenges related to “maintaining a reasonable profit margin” amid tightening market conditions.

The 2018 Construction Week Power 100 is the annual ranking of the Middle East’s most influential construction leaders, and will be revealed across Construction Week’s print, digital, and video channels by 30 June.

Scroll down to watch the 2018 Construction Week Power 100 Preview, and visit Construction Week’s YouTube channel to catch our full Power 100 playlist.

to check out the 2017 Construction Week Power 100. 

 

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