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Turner & Townsend's Middle East revenue Climbs 46 percent in a year

 

The global programme management and construction consultancy Turner & Townsend has increased its turnover by 12 per cent to

 

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Community Management
 
July 6, 2018
 
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Turner & Townsend's Middle East revenue Climbs 46 percent in a year
 

The global programme management and construction consultancy Turner & Townsend has increased its turnover by 12 per cent to £357.4m this year. The company, which employs more than 3,660 staff across a global network of 87 offices, has now recorded four successive years of growth – boosting turnover by 51per cent since 2011. In the past year Turner & Townsend’s leadership consolidated these gains by expanding in existing markets - and entering new ones - as part of a global strategy to drive sustainable growth.

The company continued to invest in both its capability and reach throughout the year, opening eight new offices around the world and increasing staff numbers by 13 per cent. Revenue jumped by nearly half (46 per cent) in the Middle East region, and by a third (33 per cent) in Asia. In the UK, still the company’s largest market, revenue grew by 11 per cent to £148m.

Turner & Townsend’s Middle East Managing Director, Mike Collings, commented, “Our Middle East operation had an outstanding year of growth, with revenue rising by nearly half (46 per cent) and our headcount by 52 per cent. We achieved this strong growth by focusing on delivering exceptional outcomes for our clients, investing in our capability and by strengthening our position across our three core sectors: property, infrastructure and natural resources.” “Our market-leading performance in the infrastructure sector continued. In addition to our involvement in Qatar Rail and Lusail City, we are now working on five major airports programmes in the Gulf region, including Abu Dhabi Airport’s £6.2bn expansion programme,” he added. “The past year saw us build on this established reputation to secure major commissions with high profile natural resources and property clients, including leading local companies Qatari Diar, Meraas Holding and major mining firm Ma’aden.” 


Turner & Townsend’s CEO Vincent Clancy commented, “After four years of uninterrupted growth, Turner & Townsend continues to deliver record turnover while building further momentum towards our long-term objectives. Our property team works for some of the world’s most iconic brands, and are engaged with several of them - Chevron, Nissan and Barclays - to transform the delivery of their global property programmes.” He added, “Turner & Townsend is now established as a global leader in the aviation sector, and is working on five major airport programmes in the Middle East alone. It’s clear that even as the global economy returns to a more secure footing, clients remain focused on efficiency and achieving greater value. This is a great opportunity and we are confident that as we reap the rewards of our investment we will continue to build further momentum into 2015.”
 
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