Indian construction conglomerate Larsen & Toubro (L&T) has said that the Middle East has been one of its key growth regions, constituting almost 61% of the company’s international order book, worth $9.3 billion. The region also accounted for 13% of its total order book composition, it added.

In a statement, L&T said that it is now gearing up for EXPO 2020 Dubai, where it will demonstrate its capabilities, particularly in the Hydrocarbon Engineering (LTHE), Water Effluent Treatment (WET) and Power Transmission and Distribution (PT&D) businesses, as part of the India Pavilion.

In addition, L&T companies such as Mindtree, LTI and LTTS will also showcase their capabilities at the pavilion.

On L&T’s participation at the mega event, CEO and Managing Director S N Subrahmanyan said: “The India Pavilion at the Dubai Expo 2020 offers a golden opportunity to showcase India to the world and project our country as the next hub for growth and innovation.”

He added that L&T’s leadership team will also be part of the six-month long mega event that kicks off on October 1, 2021.

The company said that its portfolio strategy targets a well-balanced and geographically diversified businesses across India and international markets. It added that its Middle Eastern business unit cates to the UAE, Saudi Arabia, Qatar, Oman, Kuwait and Bahrain.

In FY21, Middle East contributed the highest order backlog after India order book, contributing 12% to its total revenue, it said.

The Indian group’s PT&D business vertical is a leading player in the field of power transmission and distribution and renewable energy. In addition to being a dominant player in the Indian subcontinent, the business enjoys a significant share and a strong reputation in the Middle East.

L&T PT&D has been a provider of EPC services for several green projects in recent years. 1.5 GW Solar PV Project in Saudi Arabia is the largest overseas order for the business, said the statement.

The WET vertical focuses on global markets and will continue to tap business opportunities in the Middle East, it added.