Last year was a productive one for mechanical, electrical, and plumbing (MEP) contractor Al Shafar United, as it generated revenue of $108.9m (AED400m). The company has come a long way since it started out in 1989 as a department within Al Shafar General Contractingand then later, in 2007, becoming an independent entity under the Al Shafar General Contracting umbrella.
Managing director, Ashraf Botros, says he expects even bigger things for the company in the UAE, especially with Expo 2020 just three years away.
“In 2017, we are expecting positive growth in the construction industry. Expo 2020 is the most important catalyst for growth in the next three years, and we have already registered online to bid for Expo projects,” says Botros.
“Considering the stable, positive growth in the construction sector and large-scale investment in infrastructure development, we can say that the construction industry will provide better opportunities this year compared to the last four years.”