Written By: Zaid al-Alaya’a
Article Date: Apr 5, 2008 - 1:30:44 AM
Said Khory receives his award from President Saleh.
President Ali Abdullah Saleh has awarded the unity medal to Arab businessman Said Tawfiq Khoury in recognition of his contribution to the development process in Yemen in various fields.
The medal was handed to Khoury, president of Consolidated Contractors Companies (CCC) and governor of the Palestine Bank, by President Saleh in an official ceremony at the Presidential Complex in Sana’a last Thursday.
Saba news agency said that the medal was granted to Khoury in recognition of his role in the development process in Yemen in different spheres as well as for his contributions to humanitarian and charitable fields. Khoury expressed pleasure and pride at receiving this medal from the President of the Republic, affirming that he would be faithful to Yemen and would exert his utmost efforts to continue to serve the country.
Khoury also praised the encouraging investment atmosphere in Yemen. He said there were many investment opportunities available to investors that seek good return on their investment dollar.
CCC’s origins go back to 1952 when three talented young entrepreneurs, the late Kamel Abdul-Rahman, Hasib Sabbagh and Said Khoury, joined forces to create one of the first Arab construction companies. Two of the founding members are presently leading the Group; Mr. Hasib Sabbagh as Chairman and Mr. Said Khoury as President. Today CCC continues the same style of management based on mutual trust with clients and smooth communication between locations and departments of the Group which augments its regional and international status. CCC has always been at the forefront of the adoption of new construction technology to improve efficiency, provide more rapid execution, while ensuring high quality performance.
The letters CCC represent more than the partnership of three ambitious young men. At the end of 2006, CCC’s total revenues were in excess of U.S. $4.19 billion dollars. The construction activities of CCC extend over most of the Middle East, and cover the fields of heavy civil construction, power plants, bridges and highway interchanges, harbors and docks, and civil work for process plants and the petrochemical industry.
CCC has been involved in projects of highway, road and airport construction, water and sewage treatment plants, pumping stations and related networks, and mechanical construction, which includes the fabrication and installation of piping, erection of equipment and vessels, structural steel works for light industry and heavy mechanical works (refineries, petrochemical plants, gas oil separation plants, oil loading and off loading terminals). They have also implemented projects for pipelines of water, gas and oil, high quality buildings, and oil and gas EPC contracts.
Said Tawfiq Khoury remains today the indefatigable and vigorous president of Consolidated Contractors International Company (CCC), one of the most successful corporations in the world, currently based in Athens, Greece. Over 80 years of age, Said Khoury is still active in the daily workings of the company, shuttling easily between offices in Athens, Beirut and London, and engaging directly in a number of Arab issues. From humble beginnings in Lebanon in the early 1950s, CCC has grown from its construction and engineering origins into a dynamic, widely diversified, international organization emphasizing management, procurement, and investment, with a focus on the Middle East region. Ranked today as number 18 worldwide, CCC operates in 40 countries with over 80,000 employees and annual revenue of $3 billion.
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