Middle East remains key for Foster + Partners

Masdar Institute

Foster + Partners recorded a rise in profits in 2011, with the Middle East accounting for 16% of its order book,  according to a report by the UK’s BDOnline.

For the year ended April 30, 2011, the firm achieved pre-tax profits of £10.9m ($17.2m), up from £1.6m ($2.5m).

Most of the firm’s work came from China and Asia (26%), followed by North America (24%) and the Middle East (16%), with the UK only accounting for 8% of the firm’s order book.

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Turnover at the practice was up to £159m ($251m) from £134m ($212m), while salaries totalled £4.7m ($7.4m).

The chief’s executive statement also reported that the firm is “exploring opportunities in South Africa, Japan and further projects in Australia.”

Key Middle East projects for Foster + Partners include Dubai’s Index Tower and Abu Dhabi’s Central Market and Masdar Institute (pictured).

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