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FCC and Commodore join forces t

FCC and Abu Dhabi’s Commodore ente-red into a strategic alliance to bid jointly in tender process for developing infrastructu-re projects in the Arab Emirates worth from 150 to 500 million Euros.

The announcement was made by the CEO and Managing Director Baldomero Falco-nes of the Citizen Services group during the traditional press briefng prior to the company’s Annual General Meeting held on 1 June in Barcelona.

FCC’s chief executive explained that the objective of the agreement was to take ad-vantage of the infrastructure development plans for railways, ports, airports, roads in this country.

Meanwhile, Mr. Falcones mentioned that Commodore is interested in the FCC’s ex-pertise in the construction of high-speed railways although this would not mean that the agreement contemplated a share swap with the local company that would enable it to have a stake in FCC.

Commodore Contracting Company is one of the leading construction companies in this region. Its headquarters are in Abu Dhabi and it has a signifcant presence in other emirates such as Dubai, Sharja, and Fujairah, as well as in other Middle Eastern countries.

Founded in 1978, the company engages in civil works as well as in the industrial seg-ment (oil and gas extraction facilities) and in unique building projects. It also has acqui-red important experience in building skys-crapers.

The agreement between both companies will enable FCC to develop and consolida-

te its presence in the UAE market and to pursue opportunities in the market for in-frastructures, special buildings, and social facilities.

Abu Dhabi, however, is not a new market for FCC since its subsidiary Alpine won a 111 million USD (approximately 82 million Euros) contract for the enlargement of a petrochemical plant at the beginning of this year. The project, sponsored by Borouge, a company founded by Abu Dhabi Natio-nal Oil Company, one of the world’s leading oil companies, and the Austrian supplier of synthetic fbers, Boreales.