McLaren’s construction business has received a £5m cash injection after issuing new shares.
McLaren Construction Group issued the new equity earlier this month. A spokesman said the investment reflected confidence in the company’s prospects: “Shareholders have shown confidence in McLaren Construction by investing £5m to support future growth in established sectors such as offices, residential, logistics, healthcare, sports and leisure and education, and to support substantial investments in quality control and digitisation across the business,” he said.
The company is currently two weeks overdue filing its accounts for the year to 31 July 2020, but is set to publish them next week. The spokesman said the firm had £38.9m of cash in the bank at the end of July with no external debt.
Built to Last: COVID-19 Drives McLaren s Infrastructure Modernization To meet pandemic requirements, McLaren Construction Group accelerated its infrastructure modernization work, resulting in a scalable, agile cloud-based architecture that improves its file storage and protection.
While it’s tempting to think of the construction industry as one of the last holdouts against modern technology and processes, that’s far from the truth. Construction companies today are actively adopting everything from artificial intelligence, advanced analytics and augmented reality to 3D printing, robotics and supply chain optimization.
That’s the path McLaren Construction Group was on when the COVID-19 pandemic arrived, causing the UK-based company to speed up an already ambitious infrastructure modernization plan, improve file storage and data protection, and become a cloud-first enterprise. The company, which has operated throughout the UK and United Arab Emirates since 2001, had been
/PRNewswire/ The "Data Center Market in Middle East - Industry Outlook and Forecast 2021-2026" report has been added to ResearchAndMarkets.com s offering..
The Middle East data center market by investment is expected to grow at a CAGR of 7% during the period 2020–2026 In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Middle East Data Center Market Report. The Middle East data center market by investment is expected to grow at a CAGR of 7% during the period 2020–2026.
April 16, 2021 08:52 ET | Source: ReportLinker ReportLinker Lyon, FRANCE
New York, April 16, 2021 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report Data Center Market in Middle East - Industry Outlook and Forecast 2021-2026 - https://www.reportlinker.com/p05955548/?utm source=GNW
The data center market has observed a steady growth due to the outbreak of the COVID-19 pandemic, resulting in heightened access to internet-related services aided by nationwide lockdowns and restrictions. IoT-enabled devices witnessed high acceptance for monitori
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CHICAGO, April 7, 2021 /PRNewswire/ In-depth analysis and data-driven insights on the impact of COVID-19 included in this Middle East data center market report.
The Middle East data center market is expected to grow at a CAGR of around 7% during the period 2020-2026.
Key Highlights Offered in the Report:
1. Increasing internet penetration and adoption of cloud and managed services due to COVID-19 has significantly driven the demand for data centers in the Middle East
2. Commercial deployment of 5G will kick off in Saudi Arabia, the UAE, Bahrain, Qatar, Kuwait, and Oman by 2023, is anticipated to be deployed by Jordan, Egypt, Lebanon, Morocco, Palestine, Turkey, and Iran.