McInerney tells heated AGM of Middle East opportunities

IRISH housebuilding group, McInerney Holdings is eyeing up business opportunities in the Middle East in order to lessen its dependency on its core recession-hit markets of Ireland and Britain.

Chief executive Barry O’Connor said – following McInerney’s annual general meeting (AGM) in Dublin’s Westbury Hotel, – that the company is looking at a number of project management contracts for housing projects in Saudi Arabia and Abu Dhabi in the United Arab Emirates.

Mr O’Connor also reiterated that the McInerney board was comfortable with ongoing negotiations with lenders and expects to agree covenant revisions without any problems.