Engineering consultancy Fehily Timoney’s focus on the Middle East is paying off with €2.5m in contract wins leading to 11 new jobs. Some 30pc of the company’s turnover now comes from the Middle East region.
Among the projects is the €10m Jeddah Environmental & Social Master Plan in Saudi Arabia. This is a €10m high-profile project covering a 150km x 50km area of the city of Jeddah and its environs.
Fehily Timoney has also successfully tendered for six other high-profile projects in Saudi Arabia and Jordan, cementing its position in the Middle East market.
Fehily Timoney & Company is one of Ireland’s largest Irish-owned independent consultancies. The company delivers projects in Ireland and internationally across core competency areas of waste management, environment, renewable energy and civil infrastructure.
Following the collapse of Ireland’s construction boom, managing director Eamon Timoney decided to relocate to Al Khobar in Saudi Arabia to tap into new markets.
The company partnered with Enterprise Ireland to reach th new markets and open doors.
Now 30pc of the company’s 2013 revenue is expected to come from its Middle East projects.
“As a senior management team, we faced some stark choices back in 2009,” Timoney explained. “We realised that we simply had to refocus the strategic direction of the business and look outside of Ireland to new markets, or else face the very real prospect of our business failing due to the impact of the economic downturn.
“We partnered with Enterprise Ireland in order to help us focus on the Middle Eastern market, in particular. Their insight and intelligence gathering assisted us in our efforts to successfully open the door to new markets,” Timoney said.
Middle East image via Shutterstock