ALEC Holdings
Growth Score40DXBi Rank71Heat Score100ALEC Engineering and Contracting LLC (holding entity: ALEC Holdings PJSC)
An innovative construction group delivering complex, iconic projects across the Middle East, Asia-Pacific and Africa.
Media
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ALEC Holdings delivers nearly AED 9bln revenue in H1 2026 amid a strong backlog conversion and new project wins
Sphere Abu Dhabi construction contract
ALEC Holdings posts $1.25bn Q1 revenue, up 87%; net profit doubles
ALEC Holdings Debuts on DFM in UAE's Largest-Ever Construction Sector IPO
Acquisition of Target Engineering Construction Co
Overview
Growth Score
Steady
Heat Score
Trending up
Details
- Operating Status
- Active
- Company Type
- Public (listed on DFM, formerly privately-held under ICD)
- Funding Stage
- Public
- Headquarters
- Marina Plaza, Dubai Marina, Dubai, UAE
- Founded
- 1999
- Company Size
- 1000+ employees
- Revenue
- AED ~9 billion H1 2026 revenue (annualized run-rate well above $4bn)
- Website
- alec.ae
Products & Services
ALEC Construction
Core construction platform delivering large-scale, complex and iconic building projects across the UAE and Saudi Arabia.
Target Engineering
Oil & gas / energy-focused EPC platform operating through Mechanical Oil & Gas, Electrical, Civil, and Marine divisions (acquired 2022).
ALEMCO
Mechanical, Electrical and Plumbing (MEP) turnkey solutions provider for fast-track projects.
ALEC Fitout
Luxury hotel, resort, museum and themed-entertainment fit-out and refurbishment specialist.
LINQ Modular
Custom modular building solutions emphasizing flexibility and speed of construction.
ALEC Energy
Rooftop solar EPC and renewable energy solutions.
ALEC Facades
Custom-made facades and architectural building envelope solutions.
AJI Rentals
High-end and heavy access equipment rental for construction projects.
ALEC Data Center Solutions
Development and delivery of data center facilities.
ALEC Technologies
Integrated technology and ELV (Extra Low Voltage) solutions for complex projects.
ALEC Lite
Scalable MEP services and construction solutions, operating as an ALEMCO division.
INPROSERV
Mechanical work, corrosion control, fireproofing and specialized repair services (stake acquired 2024).
People
Technology
No technology or web presence data on file yet.
Financials
Public
Funding stage
Funding rounds
Projects
Sphere Abu Dhabi construction contract
ALEC Engineering and Contracting (ALEC unit) was awarded a $1.7bn contract by DCT Abu Dhabi to build Sphere Abu Dhabi on Yas Island, a joint venture entertainment venue with Sphere Entertainment, in partnership with AtkinsRéalis on design/engineering; expected opening Q3 2029.
$1.7B
May 23, 2026
Target Engineering EPC contract awards (Gulf region)
ALEC subsidiary Target Engineering Construction Company – SP secured three EPC (engineering, procurement, construction) project contracts in the Gulf region with a combined value of approximately $500 million; execution timelines of 10, 21 and 36 months. Client/location undisclosed.
$500M
Jun 1, 2026
Acquisition of Target Engineering Construction Co
ALEC Engineering and Contracting acquired Abu Dhabi-based oil & gas EPC contractor Target Engineering Construction Co, forming a combined group with turnover of nearly $2 billion and marking ALEC's entry into the oil & gas sector.
Dec 20, 2022
Stake acquisition in INPROSERV
ALEC acquired a stake in INPROSERV, an oil & gas turnkey services provider (mechanical work, corrosion control, fireproofing, and specialized repairs), to add value for existing and future clients.
Jul 1, 2024
Qiddiya Speed Park infrastructure joint venture
Saudi Arabia's Qiddiya Investment Company selected a joint venture between ALEC and El-Seif Engineering Contracting to construct infrastructure works for Qiddiya's Speed Park; preliminary estimated value approximately SAR 7bn ($1.9bn), potentially rising with later design phases.
$1.9B
Aug 14, 2026
Similar Companies
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Press & Announcements
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