ASGC (Al Shafar General Contracting Co. LLC) Construction is a

construction Construction is a general term meaning the art and science to form objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Press 2009 and ...

conglomerate company established in 1989, headquartered in

Dubai Dubai (, ; ar, دبي, translit=Dubayy, , ) is the most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai, the most populated of the 7 emirates of the United Arab Emirates.The Government and Politics ...

UAE The United Arab Emirates (UAE; ar, اَلْإِمَارَات الْعَرَبِيَة الْمُتَحِدَة ), or simply the Emirates ( ar, الِْإمَارَات ), is a country in Western Asia (The Middle East). It is located at th ...

. ASGC is one of 26 companies in the Al Shafar Group.UAE-based ASGC acquires 15% stake in Costain engineering firm
''Arabian Business'', 9 May 2020. Retrieved: 7 May 2021. In 2020, the company had annual revenues of $1bn and 17,000 employees. It is privately owned by Mohamed Saif Bin Shafar (chairman), Emad Azmy (vice-chairman) and Mohammed Al Sayyah (non-executive director).

History

The business was established in 1989 by a Dubai national and an Egyptian engineer.Dubai contractor asgc is said to delay IPO plan on weak market
''Gulf News'', 8 October 2015. In 2005, projects constructed by ASGC include Dubai's Ministry of Public Works building, the

Dubai Police The Dubai Police Force ( ar, القيادة العامة لشرطة دبي) is the 17,500 strong police force for the Emirate of Dubai, in the United Arab Emirates. They come under the jurisdiction of the ruler of Dubai, and they cover an area of ...

headquarters, Sector 6 of

Jumeirah Beach Residence Jumeirah Beach Residence (also known as JBR) is a long, gross floor area waterfront community located on the coast of the Persian Gulf in Dubai Marina in Dubai, United Arab Emirates. It is a residential development and contains 40 towers (35 are ...

, Al Shatha Tower, and the 67-floor Mohammad Saif Al Shafar residential tower. In 2010, it reported project wins in Abu Dhabi, Dubai and Egypt worth around AED3 billion. In 2015, it delayed plans for an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...

of its shares. Its completed projects then included the

Waldorf Astoria The Waldorf Astoria New York is a luxury hotel and condominium residence in Midtown Manhattan in New York City. The structure, at 301 Park Avenue between 49th and 50th Streets, is a 47-story Art Deco landmark designed by architects Schu ...

Palm Jumeirah The Palm Jumeirah is an archipelago of artificial islands on the Persian Gulf in Jumeirah, Dubai, United Arab Emirates. It is part of a larger series of developments called the Palm Islands, including Palm Jebel Ali and Palm Deira, which, if ...

. In 2016, ASGC, in a joint venture with Kier, was awarded the Bluewaters Island project by

Meraas Meraas is a privately held holding company headquartered in Dubai with operations and assets in the United Arab Emirates. As of 2020, Meraas was reportedly due to become a subsidiary of Dubai Holding. History Since its founding in 2007, the Duba ...

to build more than 700 apartments. In 2019, it was appointed by Meraas to build a cruise liner terminal nearby, between Palm Jumeira and

Bluewaters Island Bluewaters Island is an artificial island off the Jumeirah Beach Residence coastline, near Dubai Marina, in Dubai, United Arab Emirates. The project was approved by Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the ...

. In 2016, ASGC started construction of Dubai's $245m (AED900m)

Mohammed Bin Rashid Library The Mohammed Bin Rashid Library (MBR) is a large library in the Al Jaddaf locality of Dubai, United Arab Emirates, on Dubai Creek that opened to the public on June 16, 2022 Overview The design of the library is inspired by the shape of a lecter ...

, reputedly the largest cultural and library project in the Arab world, and won contracts to upgrade concourses at

Dubai International Airport Dubai International Airport ( ar, مطار دبي الدولي) is the primary international airport serving Dubai, United Arab Emirates, and is the world's busiest airport by international passenger traffic. It is also the nineteenth-busie ...

. In May 2020, it became the largest shareholder (with a 15% shareholding) in the United Kingdom's

Costain Group Costain Group plc is a British construction and engineering company headquartered in Maidenhead, England. Founded in 1865, its history includes extensive housebuilding and mining activities, but it later focused on civil engineering and commerci ...

, as part of Costain's £100 million cash-raising share issue. In 2020, ASGC contributed to Dubai's efforts to combat the

COVID-19 pandemic The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identified ...

, during which it was forced to cut around 15% of its workforce (almost 2,300 employees). In Egypt, the firm donated EGP5m to a COVID-19 fund to support seasonal workers.

Clients

ASGC Construction has worked with various government, public and private organizations. Its government clients have included Expo 2020, Dubai's Roads and Transport Authority, SEHA, ADNOC, Dubai Police, DAEP, Dubai World Trade Centre and New Urban Communities Authority.

Awards

*Contractor of the Year - Better Together Awards Expo 2020 *Dubai Chamber CSR Label 2020 *Mohamed Bin Rashid Al Maktoum Business Excellence and Business Innovation Awards 2019 *Contractor of the Year and Excellence in BIM - both in Big Project Awards 2019 *Contractor of the Year - Big Project Awards 2018 *Contractor of the Year - MEED 2018

References

{{reflist Companies based in Dubai Privately held companies of the United Arab Emirates Conglomerate companies of the United Arab Emirates