Atkins flags “strong market conditions” in region

Global giant Atkins has provided an update on trading for the year ended 31 March 2012, which indicated the strength of the Middle East market.

A statement from the company said:  “The group’s operations in the Middle East and energy have continued to enjoy strong market conditions and have ended the year trading in line with our expectations.”

The update was in advance of the group’s preliminary results announcement on 14 June 2012.

It added: “Overall, the group has traded well through its fourth quarter and expects to report results for the year ended 31 March 2012 in line with market expectations.”

Net funds were reported to be around £120 million as at 31 March 2012 and “Atkins’ financial position remains strong”.

Atkins was behind several of the Middle East’s icons including the Burj Al Arab and Bahrain World Trade Centre.

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