Monday, October 5, 2009

Navayuga set for US$200m Middle East turnover by 2011

The Abu Dhabi-based infrastructure and construction contractor Navayuga Engineering Company (NEC) ( Chinta Visveswara Rao, Chairman) is expanding its Middle East footprint by launching an operation in Jordan.

And this development, executives have revealed, will take the company’s annual turnover to more than $200m in the Middle East alone by 2011.

"Our entry into Jordan is in line with NEC's long-term investment strategy to significantly build our presence in the Kingdom's infrastructure and construction segment,” said NEC general manager Antony A David.

“Our strategy is to use our regional expertise to support Jordan's potential and to establish strong relationships with partners in the country,"

NEC’s first project in the country is a $3.5m contract for a 5-star hotel in Amman.

Other significant projects that NEC will be working on in Jordan include the $5bn Abdali Urban Regeneration Project to create a new downtown area of Amman.

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