Originally formed by Lebanese and Nigerian partners in 1977, Setraco Group, Setraco EG’s parent company, has been a vital partner in the development of crucial projects in the Middle East and Africa for more than three decades.
Starting off with just a few employees and little more than $100,000 in capital, Setraco Group has grown in size and sophistication along with the region that it has helped to shape. Today, Setraco Group comprises more than 30 companies, generating more than $1 billion per year in revenues.
Setraco first began working in Equatorial Guinea in 2003, and has helped move forward major real-estate, industrial and transportation projects since then. True to the legacy of its parent company, Setraco EG began with just about 30 employees and a small project. Today, the company boasts nearly 800 employees and has become one of the largest and most reliable construction firms operating in Equatorial Guinea, with the necessary resources to execute projects of large scale.
Setraco EG recently became one of the first companies to be contracted to provide the entire infrastructure of a neighborhood in the capital, Malabo.
“If you come here, you see nice roads. You can see new construction work in progress everywhere,” says Nicolas Kfoury, Managing Director of Setraco EG. “You can see commitment and you can sense it when you see all these projects going on.”
The vision of Setraco Group’s founder, Said Khalaf, has been crucial the company’s role in Equatorial Guinea. Mr. Khalaf foresaw the need in developing countries in Africa for the provision of international standard services, including highly trained and experienced personnel, state-of-the-art construction materials and cutting-edge technology. Under this leadership, Setraco EG positioned itself to play a major role in the remarkable progress of Equatorial Guinea, in line with the government’s ambitious commitment to creating 21st-century infrastructure through world-class building standards.
In order to achieve this, the company places a premium on the strength of its workforce, the backbone of which are Equatorial Guineans who gets continuous training in order to reach the levels of quality the parent company is known for.
Setraco EG’s leadership believes that its competitive advantage lies in the experience of its workers, and they achieve this through the transfer of knowledge and technology. As such, all employees are committed to quality, and they are in charge of implementing and delivering the industry-leading standards that Setraco has built its reputation on.
As Equatorial Guinea moves forward with the historic goals outlined in its Horizon 2020 plan, companies like Setraco EG will be fundamental to turning these goals into reality. “We are partners in progress with the communities in which we operate,” Mr. Kfoury concludes. “This is part of our success.”
Source link : https://www.theworldfolio.com/news/nicolas-kfoury-manag/3103/
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Publish date : 2022-09-21 00:28:57
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