Engineers Michael Cosiquien and his colleague Edgar Saavedra had no idea they would reach the top of the Philippine construction market. But they believed in their abilities and their spirit of

adventure and their passion for contracting.

.

كانت رحلتهما شاقة وصعبة، ولكنهما تمكنا من تأسيس شركة “Megawide” لأعمال البناء في ذروة الأزمة المالية الآسيوية، التي ناضلت لتأخذ

its place in the engineering industry, until it became the contractor behind the Philippines’ largest construction projects.

The two Filipino civil engineers defied a brutal economic period, took a risk to pursue their dreams, and founded a company that reflected their vision for transforming the construction trade in

the country. After nearly twenty years, engineers Michael and Edgar became some of the Philippines’ youngest millionaires, thanks to their leadership of one of the country’s leading construction companies.

الرائدة في البلاد.

.

In 2016, 43-year-old Cosiquien ranked 35th on the list of the Philippines’ wealthiest businessmen, with an estimated net worth

of $265 million. His 41-year-old partner, Sav edra, ranked 37th, with a net worth of $255 million. They were among the youngest

Businessmen and close associates of Edgar Sia, the Philippines’ youngest billionaire, a business magnate whose wealth is estimated at $1.2 billion and who is just 39 years old.

بدأ الصديقان العمل في البناء، بعد التخرج في الجامعة، وحصولهما على شهادة في الهندسة المدنية من جامعة “De La Salle” في مانيلا، وكانا

They came from established business families. They could have worked in the Saavedra family’s shipping business or Cosiquien’s real estate business, but they wanted to build structures,

and make their mark with a vision of their own.

.

The engineers founded the company in 1997—a disastrous year to start a business—as the cost of importing cement and steel rose amid the

Asian financial crisis, and the company lost all the profits it had made as the Philippine peso fell.

 حاول المهندسان خفض الكلف، مع استمرار ارتفاع الأسعار، وأبرما اتفاقاً مع شركة ألمانية تبيع تكنولوجيا التصنيع المسبق، وبتت شركة

“Megawide” في عام 2005 أول بناء مسبق الصنع.

.

The results were more than successful: not only were costs lower, but construction was much faster. Before long, clients were flocking to the company,

and by 2008 its annual revenue had exceeded one billion pesos. It was listed on the Philippine Stock Exchange in 2011. Among its most important clients were leading property developers,

“SM Group” التي أسسها المليادير الراحل هنري سي، و”Andrew Tan’s Megaworld” و”Filinvest Land”.

.

وفي عام 2018، ربحت “Megawide” وشريكها الهندي “GMR Infrastructure” عقوداً لتطوير مطار مانيلا الدولي، وامتيازاً مدته 18 عاماً

لتشغيل مطار “Ninoy Aquino” الدولي، وتقدر قيمة الشركة اليوم في سوق الأوراق المالية بـ 29.7 مليار دولار.