Abu Dhabi 12th of November, 2006. As a result of the increase in demand for cooling systems and air conditioning services, Al Qudra Holding along with SKM, a leading cooling and air-conditioning company in UAE, and Emirates Relations for Export and Import services, have announced launching a new subsidiary on 10th of November, 2006. The new subsidiary, SKMQ is a joint venture between the three companies and shall specialize in manufacturing air conditioning equipment through their factories in various countries. "We are today launching SKMQ to ensure that the demand for the air conditioning services linked to the construction boom in the region is met." said Eng. Salah Salem Bin Omeir Al Shamsi, Chairman and Managing Director, Al Qudra Holding. "With SKM and Emirates Export and Import Services as our strategic partners, we are sure that we shall be providing the latest and best services related to that sector." SKMQ is set to build the first operational factory in Musafah area. The facility, to cover more than 45,000 sqm, is expected to produce 5000 air handling units, 30,000 fan coil units and 500 chillers during the first year of operations. The production is expected to increase at a rate of 20% annually up to five times after the fifth year of operation.

The air conditioning and cooling services offer great business opportunities in the UAE. We believe that our long-established expertise in the air conditioning sector partnered with the credibility and experience that Al Qudra Holding brings, will contribute to the success of our strategic partnership said Mr. Saud Abdul Azizi Bosharah, Managing Director of SKM Air Conditional L.L.C.

SKMQ shall also specialize in marketing, distribution and sale of all types of equipment and machinery, including spare parts and maintenance services associated with the cooling services. It shall also concentrate on owning and managing the development and operation of factories for production of all air conditioning & refrigeration equipment, machinery and spare parts in various countries.

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About Al Qudra Holding
Al Qudra Holding was established in May 2005 with a capital of AED 600 Million. Today, the company has a large group of specialized subsidiaries that operate under its umbrella in important sectors of the country's education; tourism; industry; energy; infrastructure development; sports management and the entertainment industry.

The company is considered the ideal strategic partner for many leading regional companies looking to invest in the United Arab Emirates, and Abu Dhabi in particular. This was achieved through the trust, expertise and competencies that the company has acquired through the foundation of projects, investment strategies and companies that cover a wide range of sectors of development, thus attracting strategic and specialized partners in all fields.

About SKM
SKM Air Conditioning Equipment was established in 1974 with a vision to create comfortable & healthy environment by providing quality & durable Air Conditioning solutions that suits the environment in the region.

Today SKM has its factory based in UAE - Sharjah, and another factory in Saudi Arabia. It has Marketing, Sales, After Sales & Support branches in all over GCC countries, Middle East, North Africa & Indian subcontinent.

SKM is considered as leading manufacturer of HVAC Equipment in the region that provides all types of Air Conditioning solutions - DX and Chilled Water & is committed to deliver quality Air Conditioning products and services to meet our customers' needs and expectations. SKM equipment is installed in most prestigious projects in the region like, palaces, mosques, hospitals, shopping malls, Government projects, hotels, resorts etc.

Emirates exports & imports
For more information please contact:
Sama Alaghbar
PR account Manager
T: 02 644 9444
F: 02 6451199
sama@viola.ae

© Press Release 2006