Al Rayan Investment targets environmentally friendly technologies
Abu Dhabi, April 13 2009: Al Rayan Investment, the Abu Dhabi based Investment Company, today announces its joint venture with Green Precast Systems and Technologies from Australia. The deal will see Al Rayan partner Green Precast, , implementing it's unique 3D monolithic modular system on all projects in the UAE as the international company seeks to take advantage of both the construction projects and ever-increasing commitment to environmentally sustainable methods in the country. www.greenprecastsystems.com
Speaking on today's announcement Mr Fardan Hassan Al Fardan, Chairman of the board of Al Rayan Investment, said: "In our role as a premier organisation in Abu Dhabi we are committed to supporting the aspirations of our government in delivering environmentally friendly and sustainable technologies to the UAE, upholding the drive for a green future. In Green Precast we believe we have found the ideal partner to complete this aim, their technology enables significant savings to be made with up to 80% less labour required to deliver projects up to 70% faster than conventional methods, Their developments are 30% stronger and save up to 90% on the ongoing maintenance costs. Green Precast system is a combination is solutions and products, that varies from the UV - IR reflector that helps to save up to 50% on the runing cost , the water technology can in some cases save up to 100% on irrigation or toilet flushing through the grey water treatment of the household , and the Ecobulb technology can reduce energy bills and usage by 85%. The combination of all these technologies is the world's leading green precast system. As a result we fully expect Green Precast to become one of the pre-eminent choices for major developments in the region in the near future."
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Al Rayan Investment was the first company to select this new technology for their projects, and signed a contract for value of worth AED 450 million with Green Precast Systems and Technologies to deliver accommodation for 25,000 people by 2010. Green Precast is also a proud member of the Emirates Green Building Council, and will be creating up to 2,000 jobs in the UAE.
© Press Release 2009
