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and any other appropriate training . To this effect , the company has placed a strong focus on health and safety , of which standards or concerns are reported and monitored regularly . “ We have a very good record to show for the last 10 years surrounding our health and safety records ,” adds Papakonstantinou . The company has achieved ISO14001 accreditation , and awarded BH OHSAS18001 with regards to occupational health and safety management systems to highlight this commitment .
Market challenges Whilst Papakonstantinou reflects that the industry is indeed complex , one common snag for all companies is contractual , where companies rely on external parties to deliver work on time and on budget , against an increased client expectation . “ It ’ s a challenging industry even when things go well , but it ’ s a difficult industry to manage . It really is about planning ,” he says .
“ The biggest challenge that the market is facing here , is the fact that it is cash flow heavy . The market has been very slow in the past few years in terms of release of payments , so cash is probably the biggest challenge that everyone is having in the market .”
Nonetheless , the company ’ s financial year runs from April to March . With a 360-million-dirham target to reach , this is an increase of over 30 percent from last year ’ s revenue . However , Papakonstantinou concludes by stating , “ we ’ re on track so far to secure more than 80 percent of that budget already , and really focusing on optimising what we do and increasing profitability where possible .”
With a focus on expanding its operations throughout the UAE , the company will continue to grow sustainably and provide quality services to clients , ensuring world-class delivery and exceptional planning throughout its future operations .
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