Butec

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_x000C_Butec Group Holding S.A.L. (Butec or the company), founded in 1964, is a mid-size family owned Engineering Procurement and Construction (EPC) company based in Beirut, Lebanon, with operations in Lebanon, Algeria, Qatar and Abu Dhabi. Butec focuses primarily on oil & gas, utilities, waste-water management and infrastructure projects, which account for around 90% of its revenues. In its projects, Butec partners with international contractors, such as Vinci, Suez-Degremont and Siemens, where Butec provides general contracting services within the contract structure.The construction sector is experiencing a significant growth in the Maghreb and GCC countries, driven by high oil prices and public expenditure on infrastructure projects. Butec is taking advantage of these opportunities to expand into Algeria, Qatar and Abu Dhabi, which combined account for more than 65% of Butec’s consolidated revenues. In order to strengthen its balance sheet and support its expansion plan, Butec has requested up to $20 million in IFC quasi-equity financing.