Qatari conglomerate acquires 25 per cent stake in Ecisa Compania General de Construcciones
Qatar-based Al-Alfia Holding has made a $50m investment in Spanish construction group Ecisa Compania General de Construcciones.
The move involves Al-Alfia Holding taking a 25 per cent stake in the Spanish holding entity attached with additional expansion capital. Al-Alfia Holding has also acquired a 51 per cent interest in Qatar-based subsidiary Harinsa Contracting Company, also coupled with additional expansion capital.
The deal will support Ecisa Compania General de Construcciones international expansion plans, which are set to triple revenue by 2018. The partnership also sees Al-Alfia Holding entering new sectors such as oil and gas.
US/UK DLA Piper was the legal adviser for the investment, with lawyers both in Doha and Madrid working on the transaction.
You might also like...
Developer plans two residential schemes in Saudi Arabia
03 April 2026
Oman's Nama PWP tenders consultancy contract
03 April 2026
PIF firm signs Al-Khobar downtown mall agreement
03 April 2026
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.
Take advantage of our introductory offers below for new subscribers and purchase your access today! If you are an existing client, please reach out to your account manager.
