| 28 Jul 2010 |
|
Cloisall secures 112 million AED financing for Abu Dhabi Ferrari World and Al Raha projects
- Text size
Dubai, UAE, 28th July, 2010. CloisallCloisall
, the UAE's leading interior fitting and contracting company, has secured 112 million AED financing from First Gulf BankFirst Gulf Bank (FGBFGB) for two prestigious Abu Dhabi contracts; the bridge for Yas Island's world-renowned Ferrari World theme park and Al Zeina, Al Raha's high-end gateway."We are very proud that our history of excellent high quality work, dedication to client service and unbeatable expertise has given us a place in the market so strong and credible that we could secure such high financing in these tumultuous times. CloisallCloisall
has proven time and time again that we deliver the world class interior fitting and contracting solutions that are guaranteed to complement the architecture of even the most complex of structures. Today, we have strong orders on the book and have seen a substantial double figure growth this year. Our target is to reach 1 billion AED in orders by the end of the year and we are certain we will achieve it'," Majed Farha, CloisallCloisall President and CEO. CloisallCloisall
was established in 1963 by the founder and the current Chairman, Ghassan Farha, to participate in the UAE's plans to create a world hub for modern architecture. In the past 30 years, the company has successfully worked on many distinguished projects in both the government and private sectors including the expansion of the Dubai International Airport, Jebel Ali International Airport city, Mashreq Bank, Dubai Mall, Delma Mall (Abu Dhabi's biggest mall) and the UAE University in Al Ain."CloisallCloisall
's impressive and long-standing proven track record of success with some of the UAE's most high profile, architecturally distinct and internationally renowned projects left us very confident in investing in them. We are excited to be part of these distinguished projects and to be contributing to the development of a company that is showing so much promise and growth" Shahid Amin Sheikh - Senior Vice President of First Gulf BankFirst Gulf Bank."We are always looking for new and exciting projects. By providing the highest quality interior fit-out solutions and setting meticulous quality standards, an essential part of CloisallCloisall
's identity, we guarantee clients receive the best service and the highest possible performance and quality available today. We are very excited about the Al Zeina and Ferrari World projects. It is an honor to be contributing to the remarkable innovative architecture of Abu Dhabi and a great opportunity to once again showcase CloisallCloisall's excellence," Fadi Bouchaaya, CloisallCloisall Projects Director.CloisallCloisall
's rich experience on some of the world's most architecturally complex and internationally acknowledged constructions has equipped the company with the experience to handle any interior fitting and contracting task no matter its difficulty. -Ends-
For more information please contact:
Clementine Stopford, MS&L PR
Tel: +971 4 367 6154
© Press Release 2010
x
DISCLAIMER
Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
Access to this article is subject to specific terms and condition.
Loading ...Free Newsletter
Get the latest news from Construction and other Free newsletters.
Post a Comment
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.