South Africas Murray & Roberts is reviewing its business in the Middle East and has reduced its head count in the region.
Weve been in the region of many years and trading conditions in the Middle East continue to be extremely challenging unfortunately some retrenchments, as with many other companies, go hand-in-hand with depressed economic conditions, says a company spokesman. Simultaneously, the group is reviewing its strategy for this region and we dont have an answer to what the outcome of this review would be yet.
The contracting company has worked on some of the regions most high profile construction projects over the past 20 years, including the Burj al-Arab and Dubai International airport in Dubai, and Khalifa stadium in Qatar.
Its recent awards include a new hotel at the Oman Convention and Exhibition Centre development on the outskirts of Muscat, a research and technology centre at Qatar Science & Technology Park in Education City outside Doha, and a residential development at Al-Raha Beach in Abu Dhabi.