ABU DHABI: UAE-based Transguard Group recorded a 38% hike in annual revenues – up to $388.4m (AED1.42bn). The company’s profits for the year were $33.6m (AED123m), a 16% rise over the previous year. Transguard’s workforce also grew by 55% during the year, from 30,000 employees as of 31 March, 2015, to 46,500 on 31 March, 2016. During the year, Transguard strengthened its senior management team with senior industry specialists taking up the new positions of chief of security, chief operating officer of manpower services and chief operating officer of integrated facility services.
Elaborating on these figures, Greg Ward, managing director of Transguard Group, said: “Two specific and dynamic industry sectors worthy of note are construction and aviation. The construction services business unit finished the year with 95% revenue growth. “The aviation services business has grown revenue by 21% and now employs a vast aviation manpower workforce servicing both Dubai International and Dubai World Central.”
Transguard security services delivered revenue growth of 30% and continues to play a key role in the deployment and ongoing operation of the explosive trace detection (ETD) screening system at Dubai International Airport. “We continue to be at the forefront of the security industry and in January 2016 we launched our ‘Smart Security’ division where we provide consultancy on security integration and go on to design and implement full security lifecycle solutions based on the latest technologies,” Ward added.
