Interiors of Waldorf Astoria Hotel in Palm Jumeirah, Dubai
“The industry, in general, is experiencing an upward pressure on the price of raw materials, in addition to competitiveness in acquiring skilled human resources, which is always a challenge for regional contractors.�
Above: Construction work at The Onyx on Sheikh Zayed Road, Dubai Right: Vision Tower in Business Bay, Bottom: Bay Square in Business Bay, Dubai
How could contractors overcome these challenges? Do they need more initiatives from the government, or is it up to the private sector to take the initiative to make a change? These challenges stem from open market competition, which is to be expected. However, pressure on human resource availability could be addressed through more proactive private sector initiatives to acquire skilled talent and continually educate and train employees, facilitating retention and loyalty. I am delighted to add that recently ASGC was awarded the prestigious Corporate Social Responsibility (CSR) Label by the Dubai Chamber for Responsible Business. The CSR Label award is in recognition of our commitment to the principals of CSR across four key areas: community, marketplace, workforce, and environment.
Aerial view of KEF Industrial Park at Krishnagiri, India
Faizal E. Kottikollon, Chairman of KEF Holding
What makes ASGC unique compared to other contracting companies? We have a rich 25-year history in the UAE, which has enabled us to develop a better understanding of both the local and regional construction industry. This has earned us a reputation for delivering high-quality and iconic projects both on time and within budget. Through our solid and long-term client relationships, we are uniquely placed to take advantage of significant business opportunities that exist both within the UAE and across the wider region. In addition, as part of our business, we are also able to leverage off our Construction Products and Services division. The division comprises of five subsidiaries that collectively provide MEP services and steel structure, ready-mix concrete and pre-cast products, as well as interior fit-outs. construction business news me MAY 2015 49