Colas acquires six jointly owned companies In the United Arab Emirates, Oman and Qatar

Colas has acquired the stakes previously held by Anglo American directly or indirectly in the capital of six jointly owned or operated companies which have historically operated under the Tarmac name in the United Arab Emirates, Oman and Qatar.

Specialized in the production of construction materials (aggregates, asphalt mix) and in road construction, these jointly owned or operated companies are held with a number of major, high profile partners (Al Futtaim, Al Zawawi and Midmac) in each of the respective jurisdictions.

Combined, the companies, backed by 900 employees, produce 7.5 million tons of aggregates and 1.6 million tons of asphalt mix per year via three quarries and ten asphalt plants. Global revenue totals roughly 150 million euros, of which Colas’ share amounts to 80 million euros.

These acquisitions are a clear illustration of Colas’ development strategy in the Middle East.