Arcadis chief executive Neil McArthur says Kingdom Tower win will position firm as a ‘global leader’ in tall buildings
The contract to project manage construction of the 1km-tall Kingdom Tower in Saudi Arabia will establish Arcadis and EC Harris as a “global leader” in tall buildings, Arcadis chief executive Neil McArthur told Building this week.
He said the contract win by an EC Harris and Mace joint venture – exclusively revealed by Building last week – was “incredibly important” and would help demonstrate that EC Harris and parent company Arcadis “play at the highest levels on a global basis”.
Speaking as Arcadis published its full-year results to 31 December 2012, McArthur said the Kingdom Tower would help put the firm “in the same league as we are in the water sector”, following the firm’s contract to engineer flood defences around New Orleans after Hurricane Katrina.
McArthur said the EC Harris and Mace joint venture in Saudi would draw on expertise from Arcadis’ 2010 acquisition of US-based tall buildings project manager Rise.
In its results, Arcadis reported that the firm’s acquisitions of EC Harris and Davis Langdon & Seah helped boost the firm’s revenue by 26% in 2012.
The results showed revenue grew to €2.5bn (£2.2bn), up from €2bn (£1.7bn) the previous year.
But just 3% of the growth in revenue was accounted for by organic growth at Arcadis.
The lion’s share came from acquisitions, including last April’s acquisition of Davis Langdon & Seah, now trading as Langdon Seah, and the November 2011 takeover of EC Harris.
EC Harris revenue counted towards acquisitive growth until October 2012 and after as organic growth.
For full details on the results see here.