AESG, a specialist consultancy, engineering and advisory firm with regional headquarters in London, Dubai, Riyadh and Singapore, has registered a 46% year-on-year revenue growth in 2023 and secured over AED200 million ($54.4 million) contracts. 

 

According to AESG, the region’s positive economic climate is creating strong growth opportunities for market-leading consultancy firms in the region. 

 

The firm was quick to reinvest these gains into a 34% increase in headcount which further enhances its ability to play a pivotal consultancy role in the region’s many mega and giga projects which have been a significant contributor to its growth over the last year.

 

"Middle East markets – in particular Saudi Arabia and the UAE – are bucking global trends and drawing the focus of the global development and construction community to the region," said Saeed Al Abbar, CEO at AESG. 

 

"While the opportunity is indeed exciting, the ambitious projects being undertaken require global expertise to be balanced by a deep understanding of regional practices, nuances, and norms," he stated.

 

Al Abbar pointed out that AESG's success through 2023 was the culmination of over a decade of continued investment into the best global talent and deploying highly-qualified teams as close to clients as possible. 

 

"Our newest offices in AlUla and Al Madinah in Saudi Arabia, and Masdar City in the UAE are prime examples of this commitment," he stated.  

 

"Alongside our international offices in Singapore, London and the newly opened South Africa office we are able to draw on the best talent globally to work closely with our clients on the ground to deliver the complex solutions required to achieve their visionary goals," he added.

 

AESG said its business momentum offers key insight into the factors that will drive the success of the region’s giga projects.

 

From One Za’abeel in Dubai which boasts the world’s largest cantilever bridge, to The Line in Neom which represents a revolutionary new approach to urban and living, the projects now underway in the Middle East are breaking new ground, and thereby setting new benchmarks for the global construction industry. 

 

"As with any world-first, these projects require the best and brightest talent, use of the latest technologies and materials, and excellence in collaboration, and project and cost management. Success is to be found at the nexus of these forces and is making the region the epicentre of engineering innovation," said Al Abbar.