Revenue also booms as Middle Eastern clients are drawn to practice’s international fame
Pre-tax profits at architecture practice Zaha Hadid have almost trebled on the back of a boom in work in the Middle East, rocketing from £1.59m to £4.09m.
The company’s results for the year ended 30 April 2010 show that turnover also rocketed, from £29.2m to £44.6m, as work in the Middle East almost doubled.
The practice, led by Zaha Hadid, the Iraqi-born ‘starchitecture’ who won the RIBA Stirling Prize for her MAXXI museum in Rome, said that international fame from a series of high profile projects meant that global business had boomed.
“This international acclaim has helped the practice attract a wide variety of new clients from around the world”, the results said.
“Markets across Africa and the Middle East continue to mature. Growing national institutions within the public and private sectors have generated an unprecedented demand for civic, cultural, academic and commercial projects.”
In the Middle East, turnover went from £10.4m to £21.2m, making it by far the biggest geographic region for the practice. UK revenue also grew from £4.7m to £7.8m.