Dubai: Kele Contracting, a partnership founded in the UAE in 2005 between Kele International Holdings and ENSHAA, said, its current orderbook backlog has reached Dh2.5 billion.
This includes the main contract for the 80-storey D1 Tower in Culture Village and Hydra Towers in Dubai's Business Bay, which the firm won last year.
The regional construction industry has started picking up again after the slowdown caused by the global financial crisis, and analysts predict that recovery will begin in 2011, and regional companies are gearing up for increased activity in the New Year.
Kele CEO Andrew Elias, said: "2010 has been an eventful year, both regionally and globally, and not only in the construction industry. For Kele 2010 was an excellent year, and after a year of very hard work it was wonderful to have a chance to relax with colleagues as we gear up to an even busier 2011, where we are on track to meet high targets."
Expectations
Kele Chairman Raza Jafar said: "Kele's aim is to be recognised across the region as the most progressive construction management and contracting company, and we are well on our way to accomplishing this: and I am confident that we will continue to grow to become one of the major players in the regional construction scene. This event was a great chance for us to look back over what we have accomplished this past year before we begin our efforts for the coming year."