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Atkins reveals bold plans for Middle East expansion

Atkins has told analysts that it expected to double its revenues in the Middle East over the next five years, with the work coming in at an underlying margin of 10%.

The consultant said it will have 2,000 of its 17,500 staff working on projects in the region by March 2012, a 29% year on year increase.

Its confidence stems from a booming transport and property sector: NCE sister title MEED forecasts that $1tn (£630bn) of contracts are to be awarded between now and 2016 in the region. Atkins estimates that there is £3.2bn per annum in consultancy fees up for grabs, to which it aspires to a 10% share.

Excluding energy this equates to £284M per annum - a doubling on reported Middle East revenues last year of £141M. Almost half the targeted fees fall in property (schools, universities, cities, and hospitals, notably in Saudi Arabia) and transport (road, rail and aviation, notably in Saudi Arabia, Qatar, Oman and Kuwait.

 

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