logo
Egis launches cost consultancy services in Middle East region

Egis launches cost consultancy services in Middle East region

Trade Arabia16-02-2025

Egis, a global leader in architecture, consulting, construction engineering and mobility services, has announced the launch of its Cost Management services across the Middle East and South Asia – an expansion that responds directly to the evolving complexities of today's built environment.
With unprecedented levels of investment in infrastructure, real estate and sustainable urban developments, the demand for strategic cost consultancy has never been greater.
Shifting regulatory landscapes, and the increasing prioritisation of sustainability necessitate expert financial stewardship to optimise project viability from inception to completion and operation, said the statement from Egis.
This strategic introduction ensures that Egis is uniquely positioned to deliver unparalleled value to clients by integrating commercial insight with its well-established multidisciplinary expertise.
Clients benefit from a seamless, end-to-end consultancy offering, where cost consultancy forms a cornerstone in realizing ambitious masterplans, giga-projects, and critical national infrastructure, it added.
To lead this initiative, Egis has appointed Simon Trafford, an industry veteran with over 35 years of experience, as the Regional Director for Cost Consultancy.
Trafford has played a pivotal role in shaping the financial frameworks of some of the world's most ambitious and transformative developments, said Egis in its statement.
His distinguished portfolio and deep understanding of regional dynamics, financial governance and cost optimization will be instrumental in ensuring returns on investment, while upholding the highest standards of sustainability and efficiency, it added.
On his new role, Trafford said: "I am delighted to be joining this dynamic and rapidly expanding business. This is an exciting time to be part of Egis and contribute to their transformational journey. The acceleration of development across the market means placing greater emphasis on cost predictability, value engineering and commercial efficiency."
"Through our integrated delivery model, and building on the legacy and expertise from the recent Thomas & Adamson acquisition, Egis is now uniquely positioned to tackle these challenges, delivering sustainable, future-ready cities and developments," he stated.
"Furthermore, by adding Cost Consultancy to our portfolio of services we will enhance our clients' experience by providing a knowledge-based commercial proposition to the success of all our projects," he added.
Trafford's appointment follows Egis' acquisition of Thomas & Adamson, a UK-based cost management firm with a legacy of excellence dating back to 1935.
This move significantly strengthened Egis' advisory capabilities, enabling a robust cost management function that aligns seamlessly with client needs in the Middle East and South Asia, said the staatement.
By embedding cost consultancy within its multidisciplinary approach, Egis offers a distinct advantage—bringing together technical excellence, economic prudence, and sustainable foresight to deliver projects that are future-proofed against emerging industry challenges, it added. -TradeArabia News Service

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Bahraini Parliamentary Delegation Concludes Landmark Visit to the United Kingdom
Bahraini Parliamentary Delegation Concludes Landmark Visit to the United Kingdom

Daily Tribune

timea day ago

  • Daily Tribune

Bahraini Parliamentary Delegation Concludes Landmark Visit to the United Kingdom

His Excellency Ahmed bin Salman Al-Musallam, Speaker of Bahrain's Parliament, concluded a successful official visit to the United Kingdom. The visit came at the invitation of the Right Honourable Sir Lindsay Hoyle, Speaker of the House of Commons, as part of a mutual drive to usher in a new era of parliamentary cooperation and shared progress between the two nations. The high-level delegation engaged in a series of strategic meetings and discussions focused on boosting parliamentary, political, and economic collaboration. Central to the visit was a pivotal dialogue between HE Al-Musallam and Sir Lindsay Hoyle, during which both parties agreed to embark on a renewed phase of bilateral parliamentary partnership. This includes the exchange of legislative expertise and the strengthening of institutional ties. HE Al-Musallam also extended a formal invitation to his British counterpart to visit the Kingdom of Bahrain in the near future, marking a potential milestone in legislative diplomacy. As part of Bahrain's broader vision for economic growth and international investment, the Speaker also held talks with Alderman Alastair King, Lord Mayor of the City of London. The meeting centered on enhancing financial cooperation and investment opportunities between Bahraini and British institutions, while also emphasizing the importance of evolving legislative frameworks that attract global capital and support sustainable economic growth. Furthering its commitment to parliamentary diplomacy, the delegation met with the UK Parliament's All-Party Parliamentary Group on Bahrain. Discussions explored regional and global developments, and both sides reaffirmed the importance of open dialogue in shaping stronger legislative cooperation. The meeting underscored the shared desire to build bridges between the two parliaments and contribute to a broader understanding of mutual interests. The visit also featured a reception hosted by Bahrain's Embassy in the UK, attended by Members of the House of Commons and House of Lords, as well as British officials. The gathering provided a platform to highlight Bahrain's role in promoting regional stability and development, while celebrating the strong bonds between both nations. HE Al-Musallam praised the efforts of His Excellency Sheikh Fawaz bin Mohammed Al Khalifa, Dean of the Arab Diplomatic Corps and Bahrain's Ambassador to the UK, for his instrumental role in strengthening Bahrain-UK relations. He reaffirmed Bahrain's commitment to advancing parliamentary dialogue with both Houses of the British Parliament to serve shared interests and support regional peace and sustainable development. The Bahraini parliamentary delegation included: MP Abdulnabi Salman Nasser, First Deputy Speaker MP Hassan Eid Bukhamas, Chairman of the Foreign Affairs, Defence and National Security Committee MP Hassan Ibrahim Hassan, Deputy Chair of the same committee MP Zainab Abdulameer Khalil MP Maryam Saleh Al-Dhaen MP Dr. Hesham Ahmed Al Ashiri Engineer Mohammed Ibrahim Al Sisi Al Buainain, Secretary-General of the Council of Representatives The visit marks a renewed commitment to stronger bilateral ties, laying the groundwork for future cooperation that reflects the enduring friendship between Bahrain and the United Kingdom — a partnership warmly supported by His Majesty King Hamad bin Isa Al Khalifa and His Majesty King Charles III.

Europe's AI ambitions soar on €200bn funding amid global tech slowdown
Europe's AI ambitions soar on €200bn funding amid global tech slowdown

Trade Arabia

time3 days ago

  • Trade Arabia

Europe's AI ambitions soar on €200bn funding amid global tech slowdown

Artificial intelligence investment across Europe and the UK is accelerating, signalling the region's ambition to rival established leaders in the US and China. Despite a broader global slowdown in technology funding, European AI startups recorded a 55% increase in investment during the first quarter of 2025, said an industry expert. This momentum is supported by the European Commission's €200 billion ($224.5 million) InvestAI programme, a landmark initiative designed to cement Europe's position at the forefront of AI innovation, stated Louis Napoletani, the Founder & CEO of Mottli, a UK-based brand consulting and mobile application development company. A significant portion of this funding, €20 billion, is allocated for AI gigafactories, he stated. The European AI ecosystem is led by Germany, France and the UK, where AI represents the most prominent sector among the continent's fastest-growing startups. Firms operate across a broad spectrum, from foundational model development to intelligent agents and middleware solutions, reflecting a sophisticated and well-established environment. British companies such as Synthesia, ElevenLabs and Plumerai demonstrate the UK's strength in both AI research and commercial applications. Meanwhile, Paris-based Adaptive ML is advancing reinforcement learning techniques, exemplifying the continent's growing expertise in cutting-edge AI technologies. In the UK, AI adoption is expanding rapidly across enterprises of all sizes. The market, currently valued at over £21 billion ($28 billion), is forecast to grow substantially. The government has committed more than £2.3 billion to AI since 2014, with recent budgets allocating nearly £1 billion for research and development, including a £900 million supercomputing project, said Napoletani. Greater London remains the focal point of AI activity, hosting over 1,300 specialist companies, he stated.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store