RIYADH, Saudi Arabia, 9 January 2024: ALEC Engineering and Contracting (ALEC) announced that it achieved 150% year-on-year growth in Saudi Arabia through 2023. Making the announcement through a Press release, ALEC said that success can be attributed to winning bids for four projects and investing to increase its Saudi workforce significantly. 

ALEC further said that the company has identified further investment and expansion in Saudi Arabia among its top business priorities for 2024, as it sees potential for the country to become a global hub for construction excellence and innovation.

Barry Lewis, CEO, ALEC, said: “The deep emphasis on Saudi Arabia by the ALEC Group is in line with a strategy the company has been executing for the last four years. Moreover, the company’s success in Saudi Arabia is driven not by volume but by a few iconic projects. Our expertise lies in delivering complex, one-of-a-kind developments, which are exactly the type of projects that Saudi Arabia is undertaking more than any other country in the world.”

Barry Lewis

Earlier this year, ALEC said, Saudi Arabia’s Qiddiya Investment Company (QIC) announced its selection of the joint venture between ALEC and El-Seif Engineering Contracting for the contract to construct part of the Qiddiya Speed Park. 

Lewis said, “We are investing in Saudi Arabia to make the government’s vision a reality. ALEC’s strategy is to bring unparalleled expertise, technology, and industry best practices to the country. In doing so, the company is building a sustainable business, that is rapidly becoming a driver of excellence and employment in Saudi Arabia’s construction industry.”

ALEC said that construction-adjacent businesses that have entered Saudi Arabia as part of the broader ALEC Group is particularly beneficial to the country’s construction sector. 

Lewis said: “Each of ALEC’s subsidiaries enables us to introduce powerful new construction paradigms to Saudi Arabia. Given the eagerness of the developers in Saudi Arabia to leverage the latest technologies, materials and construction techniques, the scope for mutual benefit is immense.” Lewis further said that ALEC is set to pioneer modular construction techniques — be it for buildings, MEP works, or even data centres, and added that it will enable developments in the country to be executed at pace, while conforming to the highest standards of quality, precision, and sustainability.

ALEC said that with the ambitions of having projects in Saudi Arabia drive a significant portion of its total business, the company also intends to foster local talent, which is essential to the sustainability of its business and the overall construction sector. The company added that it has already implemented cadet programmess for early-stage recruitment and training of professionals in Saudi Arabia, and is in dialogue with local educational institutions to bolster this initiative. 

Lewis said: “We do not measure our successes in Saudi Arabia by revenues alone, but rather by the positive impact we have on the clients and communities we serve. We are committed to enriching the countries in which we operate, and we aim to elevate the construction sector in Saudi Arabia to truly world-class levels, thereby supporting the local economy and boosting business, manufacturing, as well as travel and tourism.”