Reem Emirates Aluminium of Abu Dhabi and Shenyang Yuanda Aluminum Industry Engineering Co. Ltd. (Dubai Branch) contracted to supply cladding of Jumeirah Business Centre towers in the JLT community
Dubai, January 10, 2009: Al Fajer Properties (AFP) today announced orders worth AED 245 million (US$66.8m) for aluminum and glass for its world class Jumeirah Business Centre (JBC) towers projects.
AFP is the premier developer in the Dubai World DMCC Jumeirah Lakes Towers (JLT) community and is the only developer to include a 5 floor atrium within the lobbies of its towers. JBC, situated within a free-zone, offers high end commercial properties attracting both large local companies and multi-national organizations from around the world.
In line with Dubai's vision for greener and more environmentally friendly buildings, AFP is also pleased to announce that by using the latest technologies and materials, its latest towers will be in compliance with the Green Building Regulations promoting a brighter, cleaner Dubai.
Work is well underway on its Phase 1 projects with aluminum and glass materials expected to arrive early February allowing cladding to start immediately. For Phase 2 (including the Ebony and Ivory project - a themed series of 2 all white and 1 all black specialty glass cladded collection of towers) the excavation, dewatering, shoring and piling has been completed and the green consultant has recently been appointed to ensure all requirements of the Environment, Health and Safety department are met.
Under the terms of the order, AFP has placed a contract value of approximately AED 154 million (c.US$42m) with Shenyang Yuanda Aluminum Industry Engineering Co. Ltd. (Dubai Branch) for six of its nine towers. The contract for the remaining three towers in the office chain series has been awarded to Reem Emirates Aluminium at an estimated contract value of AED 91 million (c.US$24.8m).
Commenting on the JBC order, Mr. Wang Weiyuan, the Marketing Director of Yuanda Aluminium, said: "To enter into the Middle Eastern and Gulf market with such a high profile project as well as working with the quality of a company such as AFP is a very important opportunity for Yuanda Aluminium. We look forward to continuing our success in what is one of the most exciting property regions in the world."
Mr. Derek Bruce, the General Manager of Reem Emirates Abu Dhabi also expressed his delight at winning the contract with AFP as this will be their first major landmark project in Dubai, giving them the opportunity to breakthrough and develop a base in the Dubai market.
AFP reaffirmed its commitment to delivering the highest standards of quality and excellence in line with the reputation of Dubai, highlighting the city as one adhering to the highest standards of excellence in construction.
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Yuanda Aluminum was founded in 1993 and engages in the research and development of products for the decoration of the external facade of buildings, manufacturing and installation engineering. Since 1999, Yuanda Aluminum has continued to rank at the top level for nine years in China with production and sales continuing to be at the top rank for five years globally.
Reem Emirates Aluminium (REA) was formed in May 2006 to service the up and coming demand in architectural finishes and metal works for the city of Abu Dhabi. The largest in the UAE, REA boasts of using the latest technology allowing repetitive estimations, production plans, and interfaces for all commonly used data formats from production and subsequent processing.
Al Fajer Properties
Al Fajer Properties LLC (AFP), was established in November 2004 as a wholly owned subsidiary of AFG (Al Fajer Group). Since then the company has built up a significant land bank of note. The company is currently in the process of developing its flagship project which consists of 9 commercial towers located in the Jumeirah Lake Towers Community. With an estimated project value of over AED 3 billion the company has positioned itself to become a leading player in the fastest growing real estate market in the world.
Al Fajer Group (AFG) was established in 1965, by its Group President His Highness Sheikh Hasher Bin Maktoum Al Maktoum. Since his appointment of CEO of the group in 1998 the company has rapidly grown to a diversified business entity delivering high quality service to a wide range of international clients. With more than 18,000 employees and an annual group turnover of AED 5.8 billion, the Group's business interests to date have now placed it as a market leader with the following nationally recognizable companies incorporated under its umbrella; Al Ahmadiah Contracting & Trading, a leading national contracting firm with over 35 years of widespread construction experience; Al Ahmadiah Aktor LLC identified as one of the few established professional construction companies reputed for its reliable expertise in intricate designs and exacting quality standards; Al Fajer Security & Maintenance, a leading specialist in providing a wide range of multi-property services; Lunar Electro, a national Electro Mechanical Contracting firm; Al Fajer Establishment, a general trading company with over 3 decades of expertise representing world renowned and leading brand of products supplying to the construction and printing industry; Balmer Lawrie & Co. Ltd, a well established company in India which has become a pioneer in container manufacturing in the Middle East specializing in mild steel barrels and drums; Al Fajer Information & Services, with over 2 decades of experience in providing a complete range of organization and management services through its five divisions which include Fairs and Exhibitions, Octanorm Displays, Shop Fittings, Design & Graphics and International Exhibit Builders. Other group members include: Al Fajer Travel & Tourism; Al Fajer Medical Supplies; Al Fajer Interiors & Decorations LLC; and Al Fajer Investments & Development.
© Press Release 2009
