The majority of our business is in the UK, which remains the core market for our activities.

Our existing businesses outside the UK present attractive opportunities for further growth. The huge potential outside the UK includes areas where we are well established such as the Middle East, which despite recent liquidity issues, represents a significant growth opportunity.
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We have strong technical skills in a number of robust markets where quality is a significant determinant for selection:

• In the UK we have niche positions in numerous markets and have a material market share in our chosen sectors. We will continue to invest in management and to deepen our skill base. We will continue to position parts of the Group for growth, whilst in other areas undertaking controlled reduction or exit of businesses, or structuring ourselves appropriately for any downturns in activity.
• In the Middle East we will continue to add niche skills and prepare for the economic upturn.
• In Asia Pacific we will continue to invest in China to take advantage of opportunities as the market opens up, recognising that it could be several years before material growth is achieved. In Hong Kong we will broaden our spread of activity beyond a principally transport-biased platform.
• In Europe we will continue to develop our local businesses, focusing particularly on opportunities in Scandinavia which build on our rail expertise.
• In the USA, Faithful+Gould and our oil and gas businesses provide the organic growth focus. Skill additions remain possible.
• Other geographic areas will continue to be reviewed.