The President of Turner Construction International, Ali H. Odeh, received the Century International Quality ERA Award from BID's President Jose E. Prieto.Sahara India Pariwar
, another B.I.D.
award winner and a premier real estate developer in India, and Acropolis Capital Group, a London based private equity firm, have embarked on a ground breaking joint venture to form Sahara Turner Construction Limited
. The partnership will serve the construction and development market of India with plans to build a chain of integrated townships called âSahara City Homesâ, in addition to other projects, an endeavor with an estimated value of $25 billion USD over 20 years.
They estimate that $2.5 billion USD of the entire project will be completed in the next 5 years. Sahara Turner Construction Limited will be the preferred contractor and project manager for the entire duration of the project. Mr. Nicholas E. Billotti, President & C.E.O. of Turner Construction International commented: âWe 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 worldâs fastest growing economies.â
India expects to invest approximately $500 billion- $1 trillion USD in the countryâs infrastructure, which presents enormous opportunity. Sahara Turner Construction Limited will also pursue third-party building-construction projects, and aims to be a leading, multi-product, integrated construction services company which covers the life cycle of building infrastructure and real estate projects. âThis joint venture is the coming together of people who believe in providing the best available international quality and technology to India,â comments âSaharasriâ Subrata Roy Sahara, Managing Worker & Chairman of Sahara India Pariwar.
Turner Construction brings over 110 years of industry experience and consistently completes $8 billion USD of construction annually with upwards of 1,200 projects per year in over 60 countries with a staff of over 5000. Turnerâs accolades include the Burj Khalifa, the worldâs tallest structure, and the Taipei 101, the worldâs second tallest building.
In an interview on the Indian TV program âYour Call,â
Subrata Roy, the founder and Chairman of Sahara, disclosed the companyâs most recent market value of over $13 billion USD. Sahara India Pariwar is proud to have the âWorldâs Largest Familyâ with 11 million employees. The conglomerate has diversified business interests ranging from finance, infrastructure and housing, media and entertainment, consumer merchandise retail, as well as manufacturing and information technology. Saharaâs real estate flagship company, Sahara Prime City Limited is one of the largest real estate development companies in India.
In 2012, Sahara India Pariwar received the same BID
award as Turner Construction. At the Intercontinental Convention Center in Geneva, Switzerland, both sides of the Sahara Turner Construction Limited partnership received the same BID award in subsequent years.Ali H. Odeh
, President and General Manager of Turner Construction International for the Middle East, received the Century International Quality ERA Award in Geneva, Switzerland from BID
President Jose E. Prieto. Sahara India (awarded by B.I.D. in London with the International Quality Crown Award), one of the most successful Indian companies, serving 70 million clients was recognized for its commitment engage in joint venture with Turner Construction Company responsible for project management of the tallest building in the world in Dubai