ALEC Announces Joint Venture with BUTEC to Meet Industrial Demand
ALEC and BUTEC, a design-build industrial contractor, have announced the launch of a new joint venture which will target the region’s utilities, industrial and environmental sector-based projects.
In consolidating its assets, personnel and experience, ALEC BUTEC is anticipated to provide a highly competitive offering for projects seeking a cost-effective solution, while retaining the high quality and industry experience required for such undertakings.
Commenting on the decision, ALEC’s Managing Director, Barry Lewis, said: “Our decision to create a new JV with BUTEC stems from a wider industry move to collaborate more closely, particularly on major infrastructure projects, while pooling strengths to provide a faster, more efficient solution for clients. In working with BUTEC, we are capable of adding significant value to the region’s future power, water and oil & gas initiatives.”
ALEC BUTEC’s vision which includes cost-effective and environmentally sustainable solutions that leverages specialised knowledge from both parties. According to data released by BNC Publishing in August last year, 44% of the total value of new GCC-based project announcements came from the industrial sector.