ALEC

What ALEC does

ALEC Holdings is a Dubai-headquartered, multi-disciplinary engineering and construction group that delivers complex, large-scale projects across the UAE and the Kingdom of Saudi Arabia. Founded in 1999 and majority-owned by Investment Corporation of Dubai (ICD), the group operates two core platforms — ALEC Construction (buildings, hospitality, themed entertainment, data centers, airports) and TARGET Engineering (oil & gas, marine, electrical, civil, acquired 2022) — supported by nine specialized units covering MEP (ALEMCO), fit-out (ALEC FITOUT), facades, modular construction (LINQ), solar energy (ALEC Energy), data center EPC, ELV/technology systems, equipment rental (AJI Rentals), and corrosion/specialty services (INPROSERV).

The group is technologically enabled rather than technology-led: BIM (BSI Kitemark), a 31,000 m² modular facility, 110,000 m² fabrication yard, prefabricated MEP modules, a robotics strategy unveiled in 2024, and an in-house digital logistics platform (Loadgate, 2026) underpin delivery. Capital intensity is high — fleet of 850 rental units with the region's largest BESS fleet, 35+ vessel marine fleet, and 21,000+ ELV devices installed over three years — creating material barriers to entry.

Commercially, ALEC pursues an enterprise field-sales model with selective, data-driven tendering; roughly 60% of awards come through bilateral negotiations with blue-chip clients, typically on projects exceeding AED 1 billion. FY2024 revenue reached AED 8.1 billion with 8.0% EBITDA margin; H1 2025 revenue was AED 5,362 million (+56% YoY). The AED 35.4 billion backlog (June 2025), 18 consecutive years of profitability, 35% ROE, 45% ROCE, and net cash position of AED 334 million make ALEC one of the highest-visibility construction backlogs among globally listed peers. The company completed its DFM IPO in October 2025 at AED 1.40/share, raising AED 1.4 billion (100% secondary, with ICD retaining majority control).

Name

ALEC

Legal name

ALEC Engineering & Contracting LLC

Website

https://alec.ae

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

ALEC Holdings is a Dubai-based, ICD-backed multi-disciplinary construction group executing complex buildings, energy, marine, data center, and themed-entertainment projects across the UAE and Saudi Arabia via 11 integrated business units and 47,500+ employees.

Ownership category

akta.pro rank

Product category

Construction Services

NAICS

Engineering Services (541330)

SIC

Services-Engineering, Accounting, Research, Management (8700), Construction, Mining & Materials Handling Machinery & Equip (3530), Services-Miscellaneous Equipment Rental & Leasing (7350)

akta.pro primary industry

Civil & Site Works EPC (Earthworks, Roads, Drainage, Foundations) (EUAEADAA)

akta.pro secondary industries

Instrumentation, Controls & Automation Engineering Consulting (BPAHAIAM), Construction & Industrial Equipment Rental/Leasing (Earthmoving, Material Handling, Aerial) (TLABAHAF)

Keywords

• Construction engineering services
• General building contracting
• Mechanical electrical plumbing
• Data center construction
• Modular construction solutions

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Construction Services (ALEC Construction): Core construction services contributing 46% of total revenue in FY-2024 and 47% in H1-2025. Covers entire lifecycle of construction projects from concept to handover across sectors including airports, commercial, hotels, leisure, museums, retail, themed entertainment, and data centers.
2. Energy Solutions (TARGET Engineering): Energy and marine contracting contributing 32% of total revenue in FY-2024 and 34% in H1-2025. Includes mechanical oil and gas, civil industrial, power instrumentation and control, and marine services for ADNOC, Saudi Aramco, and Borouge.
3. MEP Services (ALEMCO): Mechanical, electrical and plumbing contracting offering integrated electromechanical and building services solutions from pre-construction planning through building technical operations.
4. Fit-out Services (ALEC FITOUT): High-end interior fit-out, theming and refurbishment for luxury hotels, retail, museums, offices, and themed entertainment venues. Contributed 22% of total revenue in FY-2024 and 19% in H1-2025 along with other related businesses.
5. Data Center Solutions: EPC services for large-scale traditional, AI, and prefabricated data centers including hyperscale facilities and edge deployments.
6. Modular Construction (LINQ): Off-site prefabricated solutions delivered through 31,000 m² facility, including villas, apartments, hotels and employee accommodations.
7. ELV and Technology Solutions (ALEC Technologies): Electronic Low Voltage services including ICT systems, security cameras, AV systems, IoT and automation, and guest room systems.
8. Equipment Rentals (AJI Rentals): Rental of powered access equipment, site power solutions, cleaning equipment, mini cranes, material handling, and glass lifting equipment. Fleet of 850 units with largest BESS fleet in region.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

ALEC Holdings is a multi-disciplinary construction group that executes complex, iconic construction projects end-to-end, from concept through handover, across airports, commercial buildings, hospitality, leisure, museums, retail, themed entertainment, residential, energy and marine, and large-scale data centers. Its offering combines general construction, MEP, fit-out, modular off-site construction, facades, ELV/IoT technology, solar PV, and equipment rentals delivered through integrated in-house divisions, primarily serving government entities, luxury hospitality developers, oil & gas majors, and data center operators in the UAE and Saudi Arabia.

Product overview

ALEC Holdings is a diversified engineering and construction group operating through two core platforms and nine related businesses, offering an integrated suite of construction services. The core platforms are ALEC Construction (building and construction) and TARGET Engineering (energy and marine). These are complemented by nine specialized related businesses covering the full construction value chain: ALEMCO (MEP), ALEC FITOUT (interior fit-out), ALEC Lite (scalable MEP solutions), ALEC Data Center Solutions (data centre EPC), ALEC Technologies (ELV and technology systems), ALEC Facades (building envelopes), LINQ Modular (off-site prefabricated construction), ALEC Energy (solar PV solutions), and AJI Rentals (equipment rentals). This integrated model enables ALEC to serve as a single point of engagement for complex, multidisciplinary projects, providing end-to-end control over cost, quality, and delivery timelines.

Differentiator

Problem solved

Functional benefit

Brands

• TARGET Engineering: Leading energy and marine contractor with over 50 years of experience in onshore and offshore oil, gas, and marine construction services.
• ALEMCO
• ALEC FITOUT
• LINQ Modular
• ALEC Energy
• ALEC Facades
• ALEC Data Center Solutions
• ALEC Technologies
• ALEC Lite
• AJI Rentals
• INPROSERV

Products and services

• ALEC Construction ALEC Construction is the primary building and construction division of ALEC Holdings, managing the full lifecycle of complex construction projects from concept through completion. It delivers large-scale, iconic projects across sectors including airports, commercial, hospitality, leisure, museums, retail, themed entertainment, residential, and data centers. Contributed 46% of group revenue in FY 2024 and 47% in H1 2025.
• TARGET Engineering TARGET Engineering is one of the leading energy and marine contractors in the GCC with over 50 years of experience. It offers comprehensive in-house services across onshore and offshore areas through four divisions: Mechanical Oil & Gas, Electrical, Civil, and Marine, serving ADNOC, Saudi Aramco, Borouge, and Abu Dhabi Gas Development. Contributed 32% of group revenue in FY 2024 and 34% in H1 2025.
• ALEMCO ALEMCO is a leading MEP contractor offering integrated electromechanical and building services solutions across all development phases, from pre-construction planning through building technical operations. It utilizes advanced prefabrication, modular production facilities, and BIM. ALEMCO has delivered over 125 projects since 2006.
• ALEC FITOUT ALEC FITOUT specializes in high-end interior fit-out, theming, and refurbishment for luxury hotels, retail, museums, offices, and themed entertainment venues in the UAE and KSA. It has delivered over 100 projects since 2009, including Marsa Al Arab and EXPO 2020 projects. Contributed 22% of group revenue in FY 2024 (along with other related businesses).
• ALEC Data Center Solutions ALEC Data Center Solutions provides engineering, procurement, and construction services for large-scale traditional, AI, and prefabricated data centers. It covers traditional hyperscale data centers, prefabricated data centers, edge deployments, and liquid cooling and immersive solutions. Key project: Stargate data center (first phase of 5GW AI campus in Abu Dhabi) at AED 5.2 billion for Khazna/G42.
• LINQ Modular LINQ is GCC's largest modular housing manufacturer, delivering off-site prefabricated solutions through a 31,000 m² facility in Dubai Industrial City. It offers modular villas, apartments, hotels, serviced apartments, and employee accommodations with energy-efficient features, and delivered 600+ modular units in FY 2024.
• ALEC Energy ALEC Energy provides comprehensive solar photovoltaics (PV) energy solutions across the UAE and KSA, offering a full spectrum of services from concept design to maintenance, including Building Integrated Photovoltaics (BIPV) and Building Applied Photovoltaics (BAPV). It has installed 35 MWp of solar PV capacity with another 56 MWp in pipeline as of June 2025.
• ALEC Facades ALEC Facades specializes in building envelopes and complex facades, offering tailored solutions for complex projects with off-site construction capabilities. It completed 10,000 m² of facades monthly in FY 2024.
• AJI Rentals AJI Rentals is an equipment rental provider offering end-to-end site logistics support including powered access equipment, site power solutions, cleaning equipment, mini cranes, material handling, and glass lifting. It operates a fleet of 850 units including the largest battery energy storage systems (BESS) fleet in the region.
• ALEC Technologies ALEC Technologies provides pioneering Electronic Low Voltage (ELV) solutions including ICT systems, security cameras and systems, AV systems, IoT and automation systems, and guest room systems for complex large-scale projects. It has installed 21,000+ devices over 3 years and completed 12 projects since inception.
• ALEC Lite ALEC Lite is a dynamic division of ALEMCO that executes fast-track, turnkey small-scale construction and refurbishment projects across MEP, civil, and architectural services, focused on new builds and refurbishments in live environments such as hotels and malls. It has completed 67+ fast-track projects over 31 months.
• INPROSERV INPROSERV is a specialist provider of mechanical work, corrosion control, fireproofing, specialized concrete repairs, roofing, and flooring services for construction projects.

Quantifiable outcome

• Revenue more than doubled from AED 3.6 billion in FY 2022 to AED 8.1 billion in FY 2024
• +5 more outcomes

Named customers12 records

Segments7 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Ten partnerships are on record, tiered core and supporting.

• Hitachi Zosen InovacoreImplementation/ SI/ Consulting Partner · 1 April 2024Hitachi Zosen Inova is the operations and maintenance partner for Abu Dhabi's first waste-to-energy plant being built by ALEC BUTEC JV. The company will assume O&M responsibilities once construction is complete. Located near Al-Dhafra landfill, the facility will process 900,000 tonnes of non-recyclable waste annually and generate 80MW of power.
• BUTEC (Joint Venture Partner)coreStrategic or Co-development Partner · 1 April 2024ALEC formed integrated joint venture with BUTEC for Abu Dhabi's waste-to-energy plant project. The ALEC BUTEC JV handles all civil works, MEP installations, and site infrastructure. Special purpose vehicle is Al Bihouth Waste to Energy Developer Holding Co Ltd.
• TARGET Engineering (Acquisition)coreStrategic or Co-development Partner · 1 January 2022Acquired by ALEC in 2022, TARGET Engineering expanded ALEC's presence into the critical energy segment. With over 50 years of experience and 25,600+ employees, TARGET operates through four divisions: Mechanical Oil & Gas, Electrical, Civil, and Marine, serving ADNOC, Saudi Aramco, and Borouge.
• Startup Ecosystem PartnerssupportingTechnology or IntegrationALEC maintains robust startup engagement with 148 startup engagements and 41 startup pilots. The engagement model brings innovative ideas and practical solutions to the construction industry, evaluating effectiveness and scalability of solutions for integration into projects.
• Academic Institution PartnerssupportingStrategic or Co-development Partner5 partner universities collaborating with ALEC on research and development. NYUAD SMART Construction Research Group, other institutions. Collaborations enhance R&D capabilities and contribute to academic and industry advancements. 4 joint publications co-authored with academic institutions.
• NYUAD SMART Construction Research GroupsupportingStrategic or Co-development PartnerAcademic research partnership focused on construction innovation and technology adoption in the industry.
• Tenderd (Technology Partner)supportingTechnology or IntegrationTechnology company providing AI solutions for construction operations. Partner testimonial indicates ALEC is at forefront of adopting cutting-edge AI technologies to drive safety and sustainability.
• El Seif Engineering Contracting Co. (Joint Venture Partner)coreStrategic or Co-development PartnerJoint venture partner for Qiddiya Speed Park project in Riyadh, KSA. ALEC Saudi holds 50% share in the JV. Total project value AED 7.6 billion.
• Emirates Green Building CouncilsupportingStrategic or Co-development PartnerIndustry forum focused on enhancing sustainability in the built environment in UAE. ALEC uses this forum to showcase best practices and learn from industry peers and supply chain partners on decarbonisation opportunities.
• Global Equipment Manufacturers (AJI Rentals)supportingChannel Partner/ Reseller/ DistributorAJI Rentals partners with global manufacturers to ensure access to advanced, reliable equipment for rental fleet including powered access equipment, site power solutions, and specialized handling equipment.

Scale indicators40 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Arabtec Holding: A UAE-headquartered multi-disciplinary construction group with comparable building, civil, and MEP capabilities across the Gulf, operating in similar hospitality, residential, and infrastructure segments as ALEC.
• El Seif Engineering Contracting: A leading Saudi Arabian contractor with similar building, MEP, and infrastructure capabilities — and the JV partner with ALEC on the Qiddiya Speed Park, making it both a competitor and collaborator on Gulf mega-projects.
• Consolidated Contractors Company (CCC): A major GCC-headquartered EPC contractor with overlapping capabilities in large-scale civil, mechanical, and energy construction, frequently bidding against ALEC on ADNOC, Saudi Aramco, and regional infrastructure projects.
• Al Habtoor Group: A diversified UAE conglomerate with a sizeable construction and real estate division delivering hospitality, commercial, and residential projects in Dubai — a direct competitor for ALEC's flagship hospitality and fit-out work.
• Drake & Scull International: A UAE-based MEP and construction contractor historically focused on the same hospitality, commercial, and infrastructure verticals as ALEC and ALEMCO across the Middle East.

Regional players

• Saudi Binladin Group: One of Saudi Arabia's largest contractors, deeply embedded in KSA mega-projects and government-linked clients; overlaps with ALEC Saudi's positioning around Qiddiya, NEOM, and Riyadh development projects.

Emerging players

• DPR Construction: A US-headquartered technical builder with a leading data center and advanced technology practice — directly comparable to ALEC Data Center Solutions on hyperscale and AI campus EPC delivery.

Broad incumbents

• Skanska AB: A global construction and project development incumbent with comparable building, civil, and infrastructure capabilities, providing a public-market benchmark for revenue multiples, backlog quality, and margin trajectory.
• Vinci Construction: A diversified global construction and concessions group operating broadly across building, civil, energy, and specialty contracting — overlapping with ALEC's full value-chain offering across multiple end markets.
• AECOM: A global infrastructure consulting and engineering services firm with deep capabilities in transportation, energy, and water EPC advisory — comparable to ALEC/TARGET's engineering-led project delivery and government-client orientation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/ALECBuilding
• Facebookfacebook.com/ALECbuilding
• LinkedInlinkedin.com/company/alecbuilding
• Instagraminstagram.com/alecbuilding

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ALEC