Arcadis chief executive Neil McArthur says Kingdom Tower win will position firm as a āglobal leaderā in tall buildings
The contract to project manage construction of the 1km-tall Kingdom Tower in Saudi Arabia will establish Arcadis and EC Harris as a āglobal leaderā in tall buildings, Arcadis chief executive Neil McArthur told ŠŌ°ÉµēĢØ this week.
He said the contract win by an EC Harris and Mace joint venture ā exclusively revealed by ŠŌ°ÉµēĢØ last week ā was āincredibly importantā and would help demonstrate that EC Harris and parent company Arcadis āplay at the highest levels on a global basisā.
Speaking as Arcadis published its full-year results to 31 December 2012, McArthur said the Kingdom Tower would help put the firm āin the same league as we are in the water sectorā, following the firmās contract to engineer flood defences around New Orleans after Hurricane Katrina.
McArthur said the EC Harris and Mace joint venture in Saudi would draw on expertise from Arcadisā 2010 acquisition of US-based tall buildings project manager Rise.
In its results, Arcadis reported that the firmās acquisitions of EC Harris and Davis Langdon & Seah helped boost the firmās revenue by 26% in 2012.
The results showed revenue grew to ā¬2.5bn (Ā£2.2bn), up from ā¬2bn (Ā£1.7bn) the previous year.
But just 3% of the growth in revenue was accounted for by organic growth at Arcadis.
The lionās share came from acquisitions, including last Aprilās acquisition of Davis Langdon & Seah, now trading as Langdon Seah, and the November 2011 takeover of EC Harris.
EC Harris revenue counted towards acquisitive growth until October 2012 and after as organic growth.
For full details on the results
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