1. Kez Taylor, CEO, ALEC (Power 100 ranking: 1)
Topping Construction Week’s 2017 Power 100 is last year’s runner up, Kez Taylor. As chief executive officer of UAE-headquartered contracting giant, ALEC, Taylor has enjoyed a barnstorming 12 months.
Earlier this month, it emerged that Binaa Dubai had acquired a 90% stake in the company, and it’s not difficult to see why. With revenue in its most recent financial year passing $1.06bn (AED3.9bn), and projected income of $1.09bn (AED4bn) for 2017/18, ALEC is in rude financial health.
Taylor’s team completed a dizzying array of UAE projects between June 2016 and May 2017, including Bvlgari Resort & Residences Dubai; Phase 2 of Dubai Festival City; numerous works on Terminals 1 and 3 of Abu Dhabi International Airport; UAE Martyr’s Memorial Park; and Jebel Ali School.
ALEC’s portfolio of ongoing projects, meanwhile, includes the Passenger Terminal Building (PTB) expansion at Al Maktoum International Airport; Holiday Inn Dubai Festival City; Dubai Hills Estate Regional Mall; and Select Group’s three-tower Marina Gate development.
Commenting on potential growth areas for the coming year, Taylor told Construction Week: “The biggest opportunity [for ALEC] will be the award of mega-construction projects in Dubai, such as Dubai Creek Harbour and the Expo 2020 site.
“These megaprojects cannot be delivered by everyone; they require a certain skillset to ensure they are delivered on time and within budget. We see this as a major opportunity for ALEC and all of our related businesses,” he added.