Global engineering firm Meinhardt Group will set up in Qatar three specialist firms: Engineering Procurement Construction Management (EPCM), BIM Studios (MBS) and MGI Capital under the Qatar Financial Centre. The expansion, which is part of the group’s global strategy to establish key hubs for specialist capabilities, was announced by Singapore-headquartered Meinhardt at an event in conjunction with its year-end global board meeting in Doha.
The event was attended by industry captains including Badr Mohamed al-Meer, chief operating officer of Hamad International Airport, developers, financiers and contractors.
“This is a reflection of the long-term relationship between Qatar and Meinhardt to continue the transformation of our physical space,” said Qatar Airways group chief executive HE Akbar al-Baker.
As Qatar is rapidly expanding with the region, there is a growing demand for complex projects to be delivered on a fast-track basis. Meinhardt EPCM focuses on large scale and multi-site rollout of industrial, infrastructure and building projects.
The group also specialises in new construction techniques, such as modular construction, Design for Manufacturing and Assembly (DfMA).
“We are here to reaffirm our continued commitment to Qatar and our desire to contribute to the continued development of Qatar by leveraging our local and international experience,” said Meinhardt group chief executive Omar Shahzad.
MBS will undertake BIM Services for Meinhardt’s projects in Qatar and will also support Meinhardt Group’s international projects by operating as a centre of excellence (COE) for BIM services.
The use of BIM augments productivity by removing the elements of uncertainty and saves up to 25% in construction time and in costs.
BIM solutions, together with IoTs (Internet of Things) and Artificial Intelligence can be a powerful tool to digitally transform facilities management/operations and predictive maintenance.
MGI Capital seeks to work with project owners to provide feasibility studies, project financing strategies to help structure and fund bankable infrastructure and real estate projects.
“These three entities will meet the growing needs of clients who want to engage a firm that can offer a full range of services across a project’s life-cycle. The new companies will employ a total of 250 highly qualified staff in Qatar by 2020” Shahzad said.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Qatar issues $10bn bonds in international debt markets
Companies in Qatar shifting to e-signatures after Covid-19 pandemic, says Qicca official
Virus ‘interrupts’ upward momentum of Qatari non-energy private sector
IMF credit line mulled for Morocco as virus slams its economy
European benchmarks set to exit shortest bear market on record
Sensex posts its biggest one-day gain in over 10 years; rupee up
RBA warns of ‘very large’ GDP slump, keeps record low rates
Recession fears in Japan deepen with half of economy in emergency
EU struggles to bridge split on ‘coronabonds’