Some of the new projects will be built in other cities than Bucharest, he added.
“I expect to see a high volume of office buildings delivered in mid-2019 that the market will have to absorb. This will lead to directing new major projects to other cities of the country than Bucharest. We started looking at the rest of the country more closely,” Fadi Rida said on ZF Live.
“I hope we won’t become like Dubai where they build malls and there are mall tourists. The customers are the same, they just move from mall to mall.”
The business Fadi Rida runs estimates it will make about EUR30 million revenue in 2018, almost double the 2017 level, and the growth will come from the contracts 80% signed so far, the Global Technical Systems official said.
“We ended last year with EUR17 million revenue and this year expect EUR30 million revenue. We are now swamped with orders. The growth is also dictated by the companies’ appetite to invest in technology, which won’t stop any time soon.”
Global Technical Systems group currently includes three companies with different core businesses, which provide mostly innovative technological solutions to corporations to help them improve efficiency.
(English version by Loredana Fratila-Cristescu)