A&M Group forays into Indian infrastructure sector
The company is setting up its office in India under Oberoi-A&M Infra-Consortium
European infrastructure building player, A&M Development Group, has announced its entry into the Indian infrastructure sector.
The company is setting up its office in India under the name Oberoi-A&M Infra-Consortium, following which, A&M and Polaris Energy Resources Inc. (USA) will undertake development of mega infrastructure projects in India, largely on the EPC and finance model. Priority projects will include low cost housing, roads, bridges, metro networks, international and domestic airports, hydroelectric and irrigation dams, and smart cities, said Ar Khaled Sadek, CEO & director, Europe & North America, A&M Development Group.
He affirmed his company's readiness along with Polaris to undertake (via EPC+F) projects up to an initial value of $20 billion. A&M's clients span the industrial spectrum, including industrial, automotive & commercial vehicles, banking & finance, oil, water pipes and utilities. It will be donating 10% of its profits, towards the PM relief fund in order to affirm their participation in the aftermath of the Covid 19 epidemic in India. Inderjot Singh Oberoi, director, Oberoi-A&M Infra-Consortium India, said, “We affirm to support our projects with and through our financial capability from funds from overseas financial Institution partners: A&M International Development & Investment S.R.L."
The group includes technical arms such as A&M Developments Egypt, A&M International Development & Infrastructure SRL. (Romania), Ing Mantovani SA (Italy), Paghera Landscape (Italy - Egypt), A&M Development & Construction AG (Germany), A&M CFC Construction Association (Italy - Egypt), A&M Development El Salvador SA (El Salvador), Clarin Sports Facilities (Italy) A&M Bel-Agriculture LLC (Belarus - Russia), A&M Real-estate Investment SA (Egypt - Greece), CEEC GHCB (China - Egypt) & C3S Construction SA - (Chad-DRC).