Challenging Liquidity

Group general manager for UAE-based Khansaheb Civil Engineering, Stephen Flint, and his team of construction professionals, have completed a host of projects in Dubai the past 12 months, including the 249-unit Serenia Residences on the Palm Jumeirah; Gate Village Building 11, known as The Exchange, at Dubai International Financial Centre (DIFC); and Phase 1 of a refurbishment project at Jumeirah Beach Hotel. It also completed Phase 1 of Majid Al Futtaim’s City Centre project in the emirate of Ajman.

During the coming year, Khansaheb will be working as main contractor on projects such as the Ajman City Centre Expansion and Refurbishment; Phase 2 of Jumeirah Beach Hotel’s refurbishment project; and the Gate Building Refit and Coffee Zone development at DIFC.

While Flint says that lack of liquidity remains a major challenge in the marketplace, Khansaheb is strengthening its offering by investing in technology, with a budget this year of $2m (AED7.35m). The company plans to continue to migrate its core business services to cloud hosting, improve its disaster recovery for all IT systems, and roll out additional system and network security across its IT environment.

When asked what he believes will be the biggest opportunity for the business over the next 12 months, Flint says “supporting some of our key customers with low-cost contractor finance, ideally providing a one-stop shop, multi-disciplinary construction service” and delivering “finance; design; build; interior fit-out; mechanical, electrical, and plumbing installation; and a full facilities.