Electra
Construction - Dammam, Eastern Province, Saudi Arabia
Electra Details
Electra Ltd., was founded in 1945. It is traded on the TASE and included in the TA-35 Index, and specializes in four core fields: construction, infrastructure, and electromechanical contracting; management and operation of industrial, infrastructural, commercial, and real estate projects and facilities; initiation and development of real estate projects; and concessions relating to infrastructure and national projects. Electra's constant growth and diversification on the international stage are driven by its dedicated lifecycle approach – a unique business model that encompasses every stage of the construction and development process. In 2019, the Group took a major strategic step forward by announcing the acquisition of two well-established New York companies by its new subsidiary Electra USA. Electra USA already has a significant work backlog, with projects for both companies worth hundreds of millions of dollars, ideally positioning the Electra Group at the forefront of a major electromechanical contracting market that represents massive potential.Electra manages thousands of large-scale turnkey construction and infrastructure projects from concept to completion, including M&E system installation, as well as long-term management and operational services. By harnessing the strategic synergy between its comprehensive, complementary areas of activity, the Group is able to deliver an optimal service portfolio customized to each customer's precise needs, with complete quality control, budgetary, and scheduling oversight.As traditional construction enters a groundbreaking new era, Electra reliably rises to the challenge and thrives in competitive markets thanks to its unique activity matrix, alongside the Group's firm commitment to continual reinvention. Building on extensive M&A experience, coupled with a creative, outside-the-box perspective, Electra pushes the boundaries of innovation by investing in promising new sectors, such as smart technology.
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