Dubai, 24 Nov. 2009 (WAM) - Hadeed Emirates Contracting (HEC), a leading UAE-based turnkey contracting company and Litana, a leading European construction company based in Lithuania, have entered into a joint venture to execute world-class projects by importing manpower from Europe, with a strong commitment to highest standards and timely delivery.
Under the proposed joint venture, Litana will deploy European supervisors, engineers, welders, erectors, pipe fabricators, pipe fitters and other skilled workers, so as to execute HECs projects in shorter time schedules, and with a smaller workforce. A Memorandum of Understanding (MOU) was signed between the two companies on the sidelines of The Big 5 exhibition in Dubai, at the Dubai World Trade Centre, from November 23 to 26, where HEC and Litana are showcasing their completed and future projects. The MOU was signed by Nasser El Ali, COO of Hadeed Emirates Contracting and Vaidas Rudis, Regional Director, MENA, Litana Group of Companies. "With offices in Abu Dhabi, Dubai and Ras Al Khaimah and Jordan, Hadeed Emirates Contracting, a leading ISO-certified turnkey contracting company, has successfully executed hundreds of turnkey industrial and commercial projects in four emirates, and has earned exscellent reputation in the field," said Nasser El Ali, COO of HEC. "HEC is currently working on projects that have a total value exceeding AED 400 million, and we believe that our joint venture with Litana will add value to our expansion plans in the UAE, GCC and Middle East.""Litana is one of the largest construction companies in Lithuania, with 800 specialised employees. Litana has been active in industrial, civil and marine construction in Europe since 1992," said Vaidas Rudis, Regional Director, MENA, Litana Group of companies. "We have completed over 300 projects in Lithuania, Latvia, Russia, Belorussia, Estonia and Finland. Now, through this joint venture with Hadeed Emirates Contracting, we are set to extend our expertise to newer markets in the Middle East region. We believe this region can benefit from the techniques and standards we have followed successfully in our projects across Europe."Copyright Emirates News Agency (WAM) 2009.
