ALEC's Latest Wins

Just over a year ago, Aconex teamed up with Middle Eastern construction giant ALEC:

Major UAE Contractor Adopts Project Collaboration Technology for Strategic Advantage

DUBAI, United Arab Emirates , September 20, 2016 ‒ Aconex Limited (ASX: ACX), a global leader of digital innovation in construction, today announced that ALEC has agreed to standardize on Aconex solutions for managing information and processes across all of its projects.

ALEC began operations in 1999 and has grown to become one of the leading construction companies in the Middle East, with over 11,200 employees. As the preferred contractor on a number of major capital projects, ALEC has an extensive list of developments including resort hotels, themed retail complexes, high-rise towers, airport terminals, and commercial buildings throughout the UAE, Qatar and Oman.

https://www.aconex.com/news/press-release/alec-signs-enterprise-agreement-standardize-aconex

ALEC is of course the lead contractor on the massive redevelopment of Al Maktoum International- which aims to be able to eventually handle 220 million passengers per year by 2050.

On Sept 20, 2017, ALEC won the contract to build the $870M One Za’abeel  mixed-use development in Dubai, which features the world's largest cantilever, the Linx. A fantastic UAE project for Aconex!


$870M One Za’abeel
http://www.ithradubai.com/media-centre/press-release/construction-works-commence-one-za’abeel

A month earlier, ALEC also won the contract to build the massive Dubai Hills Mall

http://www.constructionweekonline.c...d-main-contract-for-dubai-hills-mall-project/

From the original ALEC/Aconex enterprise agreement announcement:

ALEC’s decision to standardize on Aconex was based on a history of success with the collaboration platform over many projects, beginning with the award-winning Shangri-La Qaryat Al Beri luxury hotel, apartments and villas in Abu Dhabi, completed in 2007.

According to Maisam Zaidi, head of IT at ALEC, the innovative use of technology is key to the firm’s strategy for growth and market leadership throughout the Middle East.

“Our objective is to be the leading construction company in all of the areas in which we operate,” said Mr. Zaidi. “To accomplish that, we need to be a leader in every aspect of our own operations.

Technology plays a key role in the automation and standardization of processes across our entire project portfolio. Adopting Aconex ‒ a secure, neutral, cloud-based enterprise solution ‒ is an important part of our global strategy, driving change not just within ALEC, but across the entire construction and engineering industry.”

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This post is based on my own research and is not investment advice. When making investment decisions, always DYOR.