News By Tag
News By Location
Sahara Prime City Limited Establishes Partnership with USA’s, Turner Construction Company
Enters the Indian Construction and Infrastructure Sector The Company, Sahara Turner Construction Limited aims to provide world class integrated Construction Services in India
By: Corporate communiaations, Sahara India
Sahara Turner Construction Limited, which will provide integrated construction services in India, will lead the construction of the chain of ‘Sahara City Homes’ integrated townships and other projects of Sahara India Pariwar. It is planned that the construction volume of Sahara Prime City Limited will reach $ 25 billion over the next 20 years of which $ 2.5 billion will be completed over the next 5 years. Sahara Turner Construction Limited will be the preferred contractor for the execution of this entire volume of work.
While India has historically spent no more than 3-5% of its GDP per year on development of infrastructure, this number is expected to double over the coming years. It is estimated that over the next decade between $ 500 billion – $ 1 trillion will be spent on total infrastructure in India. Therefore, Sahara Turner Construction Limited will also pursue third-party building-construction projects, and shall aim to be a leading, multi-product, integrated construction services company which covers the life cycle of building infrastructure and real estate projects.
The company plans to enter the development and ownership space of building infrastructure projects using the experience and qualifications of Turner, gained over 110 years of operations. Turner is committing its international resources into Sahara Turner Construction Ltd. and will place a team of leaders from its offices across the world in the company.
Speaking at the launch of Sahara Turner Construction Limited, ‘Saharasri’
Mr. Nicholas E. Billotti - President & C.E.O., Turner Construction International said, ““We are extremely excited with the partnership we have established with Sahara Prime City Limited and look forward to making a significant contribution to the construction market in one of the world’s fastest growing economies.”
Mr. Annat Jain - Managing Partner, Acropolis Capital Group, also commented, “Great partnerships can create great companies. We believe this joint-venture possesses the necessary ingredients for achieving transformative success in the Indian marketplace, and we’re honoured to be one of its founding partners.”
For further Information please contact:
Assistant Chief Manager, Corporate Communications, Sahara India Pariwar,
Handphone - 9335235621 : Email – zeeshan.ghulam@
# # #
About Sahara Prime City Limited
About Turner Construction Company
• Turner is the leading general builder in the U.S., ranking first or second in the major segments of the building construction field. Turner annually completes $8 billion of construction. Turner is the only builder offering clients a network of offices across the U.S. Founded in 1902, the firm is a subsidiary of HOCHTIEF, a publicly traded company and one of the world's leading international construction service providers. website at www.turnerconstruction.com.