{"id":21721,"date":"2016-08-02T22:16:22","date_gmt":"2016-08-02T15:16:22","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=21721"},"modified":"2016-08-02T20:33:58","modified_gmt":"2016-08-02T13:33:58","slug":"atkins-shifts-people-into-property-as-middle-east-transport-and-infra-work-slows","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/atkins-shifts-people-into-property-as-middle-east-transport-and-infra-work-slows\/","title":{"rendered":"Atkins shifts people into property as Middle East transport and infra work slows"},"content":{"rendered":"


\nBuilding consultancy Atkins is planning to redeploy some of its staff from its transport and infrastructure businesses into its property arm in the Middle East as capital spending by governments on major new projects remains subdued.The UK-based company, which announced in February this year that it was cutting 100 roles from its regional base of about 2,500 staff, said in a trading statement covering the first quarter of its financial year to June 30 that “while we were pleased to secure a number of contracts in the property market during the period, the transport and infrastructure markets have been more challenging and we have experienced a number of award delays”.A spokesman for the company said: “The situation today is very mixed, with significant growth in the regional property sector, while transportation and infrastructure continue to be more challenging. In terms of our resources, where possible we’re seeking to meet growth in property by redeploying expertise from elsewhere.”The company said design work for both the Riyadh Metro and the Doha Metro Gold Line is continuing, but that cash collection “remains a key focus across the region and we continue to monitor the liquidity situation closely”.”Low oil prices have affected liquidity across the region, and that’s not confined to government clients,” the spokesman said.He added that this was also presenting opportunities for the firm, as this allowed it to work with clients on alternative funding for infrastructure clients or on phasing and prioritising programmes. In the year to March 31, Atkins declared a 20 per cent increase in net profit to \u00a3103.2 million (Dh501.5m) as revenue rose by 6 per cent to \u00a31.86 billion.In the Middle East, its operating profit increased by more than 30 per cent to \u00a329.5m, while turnover climbed by 15 per cent to \u00a3248.3m.mfahy@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Atkins shifts people into property as Middle East transport and infra work slows<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Building consultancy Atkins is planning to redeploy some of its staff from its transport and...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-21721","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-5El","jetpack-related-posts":[{"id":4015,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-firm-atkins-sheds-100-jobs-as-construction-hit-by-tightening-middle-east-budgets\/","url_meta":{"origin":21721,"position":0},"title":"UK firm Atkins sheds 100 jobs as construction hit by tightening Middle East budgets","date":"February 7, 2016","format":false,"excerpt":"\r \r Construction companies are laying off staff as experts warn that the low cost of oil will continue to bite into budgets this year.Last week the British engineering company Atkins became the latest construction-related firm to cut jobs in the region as it made about 100 of its 2,000\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52638,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/atkins-board-agrees-to-a2-1bn-takeover-approach-from-canadas-snc-lavalin\/","url_meta":{"origin":21721,"position":1},"title":"Atkins board agrees to \u00c2\u00a32.1bn takeover approach from Canada's SNC Lavalin","date":"April 23, 2017","format":false,"excerpt":"\r The board of UK-based construction consultancy Atkins has accepted a \u00c2\u00a32.1 billion (Dh9.88bn) offer for its business from SNC Lavalin, the Canadian construction and engineering group.The offer, which was first announced this month, values Atkins at \u00c2\u00a320.80 per share, a 35 per cent premium on the \u00c2\u00a315.40 price that\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":39083,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/year-in-review-contractors-felt-the-pinch-as-saudi-arabia-prioritised-spending\/","url_meta":{"origin":21721,"position":2},"title":"Year in review: Contractors felt the pinch as Saudi Arabia prioritised spending","date":"December 27, 2016","format":false,"excerpt":"\r Major contractors in Saudi Arabia have suffered a terrible 2016, with the two biggest names of the sector - Saudi Binladin and Saudi Oger - being hit hardest by a government decision to halt payments to contractors on all but a handful of key projects.Saudi Binladin Group (SBG) either\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28229,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/atkins-lands-contract-to-master-plan-omani-city\/","url_meta":{"origin":21721,"position":3},"title":"Atkins lands contract to master plan Omani city","date":"October 2, 2016","format":false,"excerpt":"\r The building consultancy Atkins has won a contract in Oman to help develop a new city in Duqm, close to the city's huge new port. The company said that the contract covers the creation of a new master plan for Duqm covering an area of 150 square kilometres consisting\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34744,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/atkins-middle-east-reports-lower-revenue-and-liquidity-pressure\/","url_meta":{"origin":21721,"position":4},"title":"Atkins Middle East reports lower revenue and liquidity pressure","date":"November 17, 2016","format":false,"excerpt":"\r Building consultancy Atkins has reported a decline in \u00adrevenue in its Middle East business in the six months to September 30, and tightening liquidity as clients continue to delay payments.The UK-based company's Middle East unit reported a 12 per cent year-on-year decline in revenue to \u00c2\u00a3104.9 million (Dh481.2m), although\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":170222,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-rta-delivers-major-transport-upgrades-at-al-quoz-creative-zone\/","url_meta":{"origin":21721,"position":5},"title":"Dubai RTA delivers major transport upgrades at Al Quoz Creative Zone","date":"January 23, 2026","format":false,"excerpt":"\r Dubai RTA completes key mobility and infrastructure projects at Al Quoz Creative Zone, enhancing creative economy growth The post Dubai RTA delivers major transport upgrades at Al Quoz Creative Zone appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More.\r \r Source :\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2026\/01\/Dubai-RTA-Al-Quoz-1000x666-1.jpg?fit=1000%2C666&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/21721"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=21721"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/21721\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=21721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=21721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=21721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}