DAR GROUP a Player in Global Markets from the Middle East; Buys 26% of WorleyParsons in 2018 and Angled For More

摘要

While private equity players have taken an increasingly influential role in the consolidation of the consulting & engineering industry in North America, Dar Group represents a significant strategic player. Following is a timeline of the firm’s development. 1. 1956: Four professors from the American University of Beirut open a specialized engineering firm as Dar Al-Handasah. choosing Beirut for its headquarters. 2. 1958: Dar receives its first big commission – the Kuwait Power Station. From there, the company gradually evolves, winning projects in the Middle East, for the Gulf Cooperation Council (GCC) and in Africa. 3. 1970: Dar Al-Handasah becomes Dar Al-Handasah Shair and Partners. taking the revolutionary step of handing 60% of ownership to senior employees with leadership and technical skills. The partnership model drives Dar forward as senior managers realize that growth is essential to the firm’s development. 4. 1986: Dar Group is formed. U.S. architecture and design firm Perkins and Will joins Dar—the first in a number of strategic partnerships.