Interserve CEO cautions on Middle East

British support services and building firm Interserve (IRV.L) Chief Executive Adrian Ringrose cautioned that its growth in the Middle East will not rebound to 2009 levels in the short term, playing down investor expectations.

"We peaked there in 2009, fueled from Dubai Airport and the significant projects in Abu Dhabi and obviously those are gone, and for the moment don't look like they're ever going to be repeated," Ringrose told the Reuters Global Real Estate and Infrastructure Summit in London.

"It will be a while before we get back to anything approaching the profit contributions we've had out of equipment services," he said.