Latest news with #CapitalProjects
Arabian Business
4 days ago
- Business
- Arabian Business
Teneo expands regional presence with new Capital Projects & Infrastructure arm
Global advisory firm Teneo continues to bet big on the Middle East and has launched a Capital Projects & Infrastructure (CP&I) business in the region. The New York-based firm announced that the CP&I's launch team will be led by Stelios Thrasyvoulou, who has joined the company as a Senior Managing Director, along with nine new professionals. Stelios has over 20 years of experience in the region's construction and capital project space. He moves to Teneo from Deloitte, having spent 17 years as an executive director in a leading contracting business in the UAE and broader region. Teneo expands Middle East CP&I advisory The CP&I business will advise clients across the construction, real estate development and capital projects sector from offices in Abu Dhabi and Dubai in the UAE, Riyadh in Saudi Arabia, and Doha in Qatar. This includes offering independent and specialist advice on all aspects of capital projects, ranging from feasibility studies and project initiation, program planning and procurement, PMO function, project financing, claims and change management, project governance and controls, and project reviews and operational performance enhancement. The new CP&I team will join Teneo's regional Financial Advisory business, headed by Matthew Wilde and Elie Fakhoury, and report to Daniel Butters, CEO of Teneo's global Financial Advisory business. Butters commented: 'We are extremely excited to welcome the CP&I team to our business as we continue to expand our already successful Financial Advisory offering in the region. 'Stelios and the senior leadership team have a powerful proposition for the CP&I sector which is a vital sector in the region. They bring deep sector experience and an independent mindset to the full range of project-related challenges including, for example, those that require private sector funding or participation and many that will require reshaping in light of ongoing macroeconomic and geopolitical events. This matches perfectly with our strategy and offering for some of the region's biggest businesses and sovereign wealth funds.' Thrasyvoulou added: 'I am deeply honoured and excited to be joining Teneo and looking forward to working closely with the talented and experienced leadership team. 'Our vision is to develop best-in-class CP&I advisory services and work hand-in-hand with our clients in the region to provide holistic and practical solutions to complex construction project challenges, utilising deep sector knowledge and experience.' Teneo now has over 130 employees in the region working across five business segments – Strategy & Communications, Financial Advisory, Management Consulting, Risk Advisory and People Advisory.
Zawya
6 days ago
- Business
- Zawya
Teneo launces Capital Projects & Infrastructure business in the Middle East
Dubai – Teneo, the global CEO advisory firm, today announced a significant addition to its global Financial Advisory business with the launch of a Capital Projects & Infrastructure (CP&I) business in the Middle East. The CP&I team will be headed by Stelios Thrasyvoulou, who joins the firm as a Senior Managing Director. Stelios is a 20+ year veteran of the construction and capital project space. Prior to Teneo, Stelios was most recently with Deloitte and spent 17 years as an executive director in a leading contracting business in the UAE and broader region. In addition to Stelios, Teneo is announcing today that nine new professionals will be joining the firm as part of the launch of the CP&I business. The move represents a significant increase in presence in the region. The CP&I business will advise clients across the construction, real estate development and capital projects sector from offices in Abu Dhabi and Dubai in the UAE, Riyadh in the Kingdom of Saudi Arabia, and Doha in Qatar. This includes offering independent and specialist advice on all aspects of capital projects ranging from feasibility studies and project initiation, program planning and procurement, PMO function, PPP/PFI and project financing, claims and change management (including delay and quantum claims), project governance and controls, and project reviews and operational performance enhancement. The new CP&I team will join Teneo's fast-growing regional Financial Advisory business headed by Matthew Wilde and Elie Fakhoury and report into Daniel Butters, CEO of Teneo's global Financial Advisory business. The team will also work in partnership with Nick McDonagh, who leads Teneo's Strategy & Communications business in the Middle East as well as acting as the firm's overall regional lead. Daniel Butters said: 'We are extremely excited to welcome the CP&I team to our business as we continue to expand our already successful Financial Advisory offering in the region. Stelios and the senior leadership team have a powerful proposition for the CP&I sector which is a vital sector in the region. They bring deep sector experience and an independent mindset to the full range of project-related challenges including, for example, those that require private sector funding or participation and many that will require reshaping in light of ongoing macro-economic and geopolitical events. This matches perfectly with our strategy and offering for some of the region's biggest businesses and sovereign wealth funds.' Matthew Wilde, joint leader of the Financial Advisory team in the region, noted: 'We see the next few years as critical to the numerous capital projects being developed across the region. These projects and their sponsors require smart solutions to some very difficult issues. Stelios and the team joining is the culmination of a progressive strategic focus on the sector which started with our deep restructuring experience, moved into debt advisory and is now being strengthened with very deep construction, real estate and infrastructure sector experts with a collective experience in the CP&I space in the region of circa 100 years.' Stelios Trasyvoulou said: 'I am deeply honoured and excited to be joining Teneo and looking forward to working closely with the talented and experienced leadership team. Our vision is to develop best-in-class CP&I advisory services and work hand-in-hand with our clients in the region to provide holistic and practical solutions to complex construction project challenges, utilising deep sector knowledge and experience.' Nick McDonagh, Teneo's regional leader, said: 'We extend a very warm welcome to Stelios and the team and we are delighted to expand the range of services we can offer to our most important clients resolving some of their most challenging issues.' Teneo now has over 130 employees in the region working across the firm's five business segments – Strategy & Communications, Financial Advisory, Management Consulting, Risk Advisory and People Advisory from offices in Riyadh, Abu Dhabi, Dubai and Qatar. About Teneo Teneo is the global CEO advisory firm. We partner with our clients globally to do great things for a better future. Drawing upon our global team and expansive network of senior advisors, we provide advisory services across our five business segments on a stand-alone or fully integrated basis to help our clients solve complex business challenges. Our clients include a significant number of the Fortune 100 and FTSE 100, as well as other corporations, financial institutions and organizations. Our full range of advisory services includes strategic communications, investor relations, financial transactions and restructuring, management consulting, physical and cyber risk, organizational design, board and executive search, geopolitics and government affairs, corporate governance and ESG. The firm has more than 1,600 employees located in 40+ offices around the world. For more information about Teneo, please visit Contact Stephen Meahl New York +1 (212) 886-1624
Associated Press
06-05-2025
- Business
- Associated Press
New Manufacturing Construction Pipeline Grows: 133 Projects Planned with Renovation & Equipment Focus in April 2025
JACKSONVILLE BEACH, Fla., May 6, 2025 (SEND2PRESS NEWSWIRE) — Industrial SalesLeads released its April 2025 report on planned capital project spending in the Manufacturing construction industry, highlighting a growing new project pipeline. The Firm's tracking of North American activity identified 133 new projects slated for development. This surge includes investments in facility expansions, the construction of new manufacturing plants, and significant equipment modernization projects. The following are selected highlights on new Manufacturing construction industry news. INDUSTRIAL MANUFACTURING – BY PROJECT TYPE Manufacturing/Production Facilities – 115 New Projects Distribution and Industrial Warehouse – 100 New Projects INDUSTRIAL MANUFACTURING – BY PROJECT SCOPE/ACTIVITY New Construction – 31 New Projects Expansion – 41 New Projects Renovations/Equipment Upgrades – 65 New Projects Plant Closings – 11 New Projects INDUSTRIAL MANUFACTURING – BY PROJECT LOCATION (TOP 10 STATES) Ohio – 13 Texas – 12 Michigan – 9 Pennsylvania – 9 California – 7 North Carolina – 7 Arizona – 6 Illinois – 6 Indiana – 6 New York – 6 LARGEST PLANNED PROJECT For April, our research team identified an impressive 13 new construction projects, each boasting an estimated value exceeding $100 million. This signals a strong wave of investment and expansion within the industry. The largest project is owned by Fuyao Glass America, who is planning to invest $400 million for the expansion and equipment upgrades on their manufacturing facility in DECATUR, IL. They are currently seeking approval for the project. TOP 10 TRACKED INDUSTRIAL MANUFACTURING PROJECTS OKLAHOMA: Tire mfr. is planning to invest $320 million for the renovation, expansion, and equipment upgrades on their manufacturing and warehouse facility in LAWTON, OK. They are currently seeking approval for the project. TEXAS: Solar module equipment mfr. is planning to invest $265 million for the expansion and equipment upgrades on their manufacturing and warehouse facility in SAN ANTONIO, TX. Completion is slated for early 2026. MINNESOTA: Biotechnology company is planning to invest $132 million for the renovation and equipment upgrades on a 122,000 sf processing facility at 7500 Meridian Circle N. in MAPLE GROVE, MN. They are currently seeking approval for the project. Completion is slated for 2027. ILLINOIS: Medical device mfr. is planning to invest $115 million for the renovation and equipment upgrades on a manufacturing facility in LIBERTYVILLE, IL. They are currently seeking approval for the project. OHIO: Plastic film mfr. is planning to invest $106 million for a 157,000 sf expansion and equipment upgrades on their manufacturing facility in LEXINGTON, OH. The project includes equipment upgrades on their manufacturing facility at 2355 W 4th Street in ONTARIO, OH. They are currently seeking approval for the project. KENTUCKY: Automotive mfr. is planning for the renovation and equipment upgrades on their manufacturing facility in LOUISVILLE, KY. They are currently seeking approval for the project. WEST VIRGINIA: Automotive mfr. is planning to invest $88 million for the renovation and equipment upgrades on their manufacturing facility in BUFFALO, WV. They have recently received approval for the project. Completion is slated for 2026. UTAH: Railroad equipment mfr. is planning to invest $70 million for the expansion of their manufacturing facility in SALT LAKE CITY, UT by 245,000 sf. They are currently seeking approval for the project. KENTUCKY: Packaging company is planning to invest $61 million for the construction of a 100,000 sf manufacturing facility in LEBANON, KY. Completion is slated for Fall 2025. MINNESOTA: Biomedical testing equipment mfr. is planning to invest $50 million for the expansion of their manufacturing facility in CHASKA, MN by 148,000 sf. They are currently seeking approval for the project. About Industrial SalesLeads, Inc. Since 1959, Industrial SalesLeads, based in Jacksonville, FL is a leader in delivering industrial capital project intelligence and prospecting services for sales and marketing teams to ensure a predictable and scalable pipeline. Our Industrial Market Intelligence, IMI identifies timely insights on companies planning significant capital investments such as new construction, expansion, relocation, equipment modernization and plant closings in industrial facilities. The Outsourced Prospecting Services, an extension to your sales team, is designed to drive growth with qualified meetings and appointments for your internal sales team. Visit us at Each month, our team provides hundreds of industrial reports within a variety of industries, including: Learn more: NEWS SOURCE: Industrial SalesLeads Inc Keywords: Reports and Studies, planned capital project spending, Manufacturing construction industry, Industrial SalesLeads, JACKSONVILLE BEACH, Fla. This press release was issued on behalf of the news source (Industrial SalesLeads Inc) who is solely responsibile for its accuracy, by Send2Press® Newswire. Information is believed accurate but not guaranteed. Story ID: S2P125989 APNF0325A To view the original version, visit: © 2025 Send2Press® Newswire, a press release distribution service, Calif., USA. RIGHTS GRANTED FOR REPRODUCTION IN WHOLE OR IN PART BY ANY LEGITIMATE MEDIA OUTLET - SUCH AS NEWSPAPER, BROADCAST OR TRADE PERIODICAL. MAY NOT BE USED ON ANY NON-MEDIA WEBSITE PROMOTING PR OR MARKETING SERVICES OR CONTENT DEVELOPMENT. Disclaimer: This press release content was not created by nor issued by the Associated Press (AP). Content below is unrelated to this news story.
