3 February 2011
As the Chinese New Year begins, it calls for further celebration as it marks the year WYG will continue to expand its international footprint as it prepares to open a new office in Shanghai.
The global consultancy already has a strong international presence operating in over 40 countries and last year reported that overseas revenue grew by £12.5m to £65.3m – which is a record for WYG.
The new office will be established in conjunction with the China Britain Business Council (CBBC), laying the foundations for the company’s ambition to offer technical expertise across China and to leverage its international position to create greater geographical and end-market diversity.
Paul Hamer, Chief Executive, WYG said: “As we continue to grow our international footprint we are also growing our global competitiveness delivering technical excellence and innovation to all our clients worldwide.
“Whilst many of the world’s major economies continue to struggle to recover from economic contraction, China’s growth has been sustained and the economy grew 8.7% in 2009, the best performance of all major world economies.
“The new office in China further reinforces our international ambitious combined with the opening of overseas offices in Bosnia & Herzegovina and subsidiary companies in Croatia and South Africa.”
Over the next few months WYG will continue to forge relationships with China’s government agencies, multi-national organisations as well as various institutes, universities and private companies, whilst working with the China Britain Business in setting up the new Shanghai office, anticipated to open in May.
Paul added: “Shanghai is one of China’s largest and most influential cities for central finance and trade and is aiming to be a global finance hub and international shipping centre in the near future. This backdrop gives the new office the grounding for WYG to develop its services in the Shanghai region and across the growth markets of central and western China. Here, WYG is well positioned to provide the technology in support of China’s key policy direction towards a cleaner environment and more sustainable urbanisation.
“In addition to our new office openings we recently announced our largest ever international programme in the Western Balkans which comprises a four-year €15m transport & infrastructure upgrade funded by the European Commission, along with an extension to an established major infrastructure project under our management, to six years and additional EU funding of €15.1m. We also provided technical expertise in Poland helping the country to upgrade its roads in preparation to host the Euro 2012 Football Championships. Over the past 12 months, we have added over 40 new international projects with a combined valued in excess of €73m to our portfolio.
“Looking to the future we intend to build on these successes and continue delivering world class solutions and value for clients on schemes around the world,” he said.
Photo caption: Shanghai