Arabian Development Firm (ACC) was fashioned in 1967 in Beirut by three people from two households: Ghassan Merehbi and Anas and Taha Mikati. Like many Lebanese companies, the founders quickly realized that to ship the specified progress they must pursue alternatives exterior Lebanon. The choices offered to them on the time had been Syria and Abu Dhabi, and the remainder of the UAE. The corporate has grown into one of many largest contracting organizations within the Gulf and the broader Center East. In 2007, it secured $2.73bn price of recent orders and by this measure was ranked the sixth-largest contractor within the Gulf by MEED.
ACC stays a family-owned enterprise managed by the Merehbi and Mikati households. Ghassan Merehbi is the chairman and president and Anas Mikati is deputy chairman. Each are primarily based in Abu Dhabi. The board consists of 5 govt administrators, all of whom are members of the founders’ households, and two non-executives administrators from completely different industries.
Wassim Merehbi and Rasheed Mikati are primarily based in Abu Dhabi and chargeable for assist companies and enterprise growth respectively. Maher Merehbi relies in Beirut and covers the Levant, Omar Mikati manages Qatar and Hamid Mikati can also be primarily based in Abu Dhabi and covers the regional operations.
The board adopts a hands-on strategy and the administration construction of the corporate is such that at the very least one of many members of the family is concerned in all main administration choices in co-ordination with senior managers.
ACC’s geographical outlook extends from Morocco to Oman, with some occasional work in Pakistan. Nearly all of its work is large-scale constructing initiatives resembling high-rise and main mixed-use developments. It additionally works in different areas, with a robust observe file within the energy and desalination sectors.
On the administration stage, ACC’s company headquarters stay in Beirut. From there, the agency runs initiatives in Lebanon, Egypt, Syria, Jordan, Iraq and different potential markets resembling Algeria and the remainder of North Africa.
Abu Dhabi is the regional headquarters for the Gulf and, reflecting the workload within the area, it’s the firm’s greatest workplace. It additionally runs the native operations in Abu Dhabi, the place the agency is engaged on a number of main initiatives.
Within the Center East, ACC additionally operates by a number of autonomous workplaces resembling these in Dubai and Qatar.
In whole, ACC employs about 27,000 individuals full time. Managerial and technical employees account for 10 per cent and 90 per cent are building staff. The agency additionally staff one other 7,000 individuals in Lebanon, Egypt, Syria and Jordan as building staff, however these will not be full-time staff as a result of, in contrast to the Gulf, contractors in these markets can depend on the native inhabitants to offer manpower as and when it’s wanted.
To fulfill the precise wants of crucial initiatives, ACC prefers to work with no three way partnership accomplice. For instance, it’s engaged on Sky Tower, Central Market and Etihad Towers in Abu Dhabi by itself. It has fashioned joint ventures on some initiatives such because the Al-Mas Tower in Dubai, and has a long-standing relationship with Netherlands-based Interbeton. The 2 corporations have labored collectively on a number of initiatives.
Joint ventures are additionally used to convey the agency new abilities. It has expanded its pursuits to marine works by forming a three way partnership with Hong Kong-based Chief Marine. The three way partnership is engaged on a number of initiatives within the UAE and, after some preliminary success, the 2 corporations are exploring different alternatives in neighboring international locations.
ACC is at the moment planning how the corporate might be handed on to the subsequent era of Merehbis and Mikati’s. Ghassan Merehbi and Anas Mikati will stay on the board, however they’re getting ready to maneuver away from full-time administration and go on day-to-day management of the corporate to a brand new chief govt officer who will take the corporate ahead for the subsequent few years. This new place, which might be introduced later this yr, might be crammed by one of many present govt administrators.
Different adjustments to senior administration will even be made. The agency is working with a guide to assist restructure the board after which arrange find out how to greatest handle the corporate’s completely different workplaces, areas and features.
The marketing strategy for the approaching years is a well-recognized one. ACC intends to stay a non-public building firm masking the Center East and North Africa. The primary change would be the sectors wherein it operates and the mixing of recent entities to the group. The corporate is effectively generally known as a high-end constructing contractor and, extra not too long ago, as a high-risk specialist. However in rising markets in North Africa, these abilities are sometimes redundant as purchasers search for companies to construct primary infrastructures resembling roads, companies and water remedy.
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