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Business growth in the Persian Gulf was followed by geographical diversification and local and international expansion. The presence of Bilfinger Deutsche Babcock Middle East in the Persian Gulf area spans on main local markets with direct subsidiary companies in three different states of the Arabian peninsula: United Arab Emirates, Kuwait and Saudi Arabia.
More than 85% of the UAE's economy was based on oil exports in 2009. [2] [3] While Abu Dhabi and other UAE emirates have remained relatively conservative in their approach to diversification, Dubai, which has far smaller oil reserves, was bolder in its diversification policy. [4] In 2011, oil exports accounted for 77% of the UAE's state budget. [5]
Target Engineering Construction Company, Abu Dhabi, UAE – Civil construction and related works [37] Gulf Steel Industries FZC, Sharjah, UAE – Fabrication of steel structures and profiles. [38] Arabtec Saudi Arabia L.L.C, Saudi Arabia – Civil Construction and related works
ASGC (Al Shafar General Contracting Co. LLC) Construction is a construction conglomerate company established in 1989, headquartered in Dubai, [2] UAE. ASGC is one of 26 companies in the Al Shafar Group. [3] In 2020, the company had annual revenues of $1bn and 17,000 employees. [4]
Tiger Group was founded in 1976 by Waleed Mohammad AlZoubi. [2]It started in 1976 in the construction field through Tiger Contracting Company, and since then, the company has expanded its operations to Gulf Region, the Middle East, and Turkey.
Consolidated Contractors Company (CCC) (Arabic: شركة اتحاد المقاولين) is the largest construction company in the Middle East and ranks among the top 25 international contractors with a revenue of US$5.3 billion in 2013 and 1.872 billion by 2020.
Aluminium extrusion companies Gulf Extrusions and Taweelah Aluminium Extrusion Company (TALEX), and The Royal Engineering Fabrication Company (REFCO), an aluminium fabricator for automobile parts, represent the group's aluminium businesses. Gulf Extrusions is one of the largest extrusion plants in the Gulf region. [4]
The construction company Admiral Contracting (previously Omran Contracting) was founded in 1974 by Mohammed Al-Omran, a leading Emirati businessman, as one of the first construction companies in the UAE. Subsequently acquired by Mohammed Rahif Hakmi [1] in 2001.