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Growth
Strategy
The key elements of the Company's growth strategy are to expand geographically across the Middle East & North Africa (“MENA”)
region and into new customer segments through selective acquisitions and joint ventures as well as internally to develop new
opportunities in its industry. Such expansion should further reduce the Company's exposure to periodic downturns in individual
markets. This expansion will be accomplished through the following:
- Organic growth - The Company intends to expand its existing civil contracting and MEP services business to respond to
growth in existing markets and to add capabilities to enhance opportunities for growth. As a result of synergies created and
further integration of its services, the Company is focused on growing its market share while maintaining profitability standards.
- Inorganic Growth - Acquisitions are anticipated in existing and new markets. The Company continually evaluates numerous
acquisition candidates. It expects to acquire MEP and general contracting firms to expand its presence. In addition, the Company
will continue to seek acquisitions in geographic markets in which the Company is not presently located to take advantage of growth
opportunities and to follow customers as they expand into new markets. The Company intends to implement a disciplined approach to
acquisitions and seeks to enter into acquisitions which fit within its long-term strategic goals. Vertical integration strategies such
as acquiring supply companies (to secure raw materials) are a high priority for the Company. Through acquisitions, the Company hopes to
scale up in the region, accumulate resources, integrate solid companies with good reputations/track-record and qualified, sought-after staff.
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