The Consolidated Contractors Company specializes in heavy construction and civil
engineering for infrastructure, power and industrial sectors. CCC ranked as the
largest contractor in the Middle East in terms of revenues, with a year-on-year
increase of 86% to USD4.19 billion in 2006. The company also ranked as the 17th
largest in the world in terms of scope, with operations in 44 countries and a
workforce of 105,000, as of 2006.
CCC was one of the first construction companies in the Arab world, when it was
established in 1952. During the Lebanese civil war, it moved its Lebanon-based
headquarters to Greece, where it could maintain easy access to European and
Asian markets. CCC generates 80% of its revenues from MENA countries and is one
of a few in the region capable of carrying out a turnkey oil and gas
construction package worth over USD500 million.
The company aims to double its revenues by 2016 by expanding its project
development business and focusing on high-profile construction projects such as
the USD900 million Karachaganak gas development project in Kazakhstan and the
USD700 million
Dubai MallDubai Mall
to be developed with Dutco Balfour Beatty and others.
The expanding project development unit includes investments in the Yemeni GSM
operator
SabafonSabafon
, as well as the joint venture bidding with Japan's Marubeni
Corporation and US-based BTU ventures, for the purchase of a 51% stake in the
Central Electricity Company (Ceco)Central Electricity Company (Ceco)
in Jordan.