The two companies will launch joint bids for transport infrastructure, services and public building projects with an estimated value of US$200m (£122m) to US$700m (£427m), in Abu Dhabi and Dubai as well as other emirates.
FCC has already worked in the region. Through its Austrian subsidiary Alpine, FCC built Dubai Cricket Stadium in 2008 and has a US$100m construction project under way at Borouge in Abu Dhabi. Earlier this year, FCC signed a joint venture with Qatar's Petroserv to jointly bid for infrastructure projects ahead of Qatar's 2022 World Cup. The agreement is part of FCC's global expansion strategy that has taken the company into over 50 countries to date and which it hopes will lead to at least 60% of its revenue coming from outside Spain.
Chairman and CEO Baldomero Falcones, said: “We're very proud to have a partner like Commodore that is well-established in the region. This is a great opportunity and a significant milestone for us, which has come about in part thanks to the excellent relationship between Spain and Abu Dhabi."
Finding local partners to develop key infrastructure projects has been key to FCC's expansion in the region, including Algeria (ETRHB Haddad) and Egypt (Orascom) as well as Petrserv in Qatar.
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