FPI supplies pipe systems for Dubai World Central Airport

FPI to provide 300km of fiberglass pipes
For drainage, waste water and fire fighting systems
Estimated project value of approximately $US75 million

Dubai, 17 February, 2008 - Dubai-based Future Pipe Industries Group (FPI), the largest global manufacturer of large diameter fiberglass pipe systems, has recently commenced delivery of pipes to provide the drainage, waste water and fire-fighting pipe systems for the new Dubai World Central Airport which is currently under construction.

FPI which, through its wholly owned subsidiary, Gulf Eternit Industries, has supplied much of Dubai's water piping systems for infrastructure municipal, and desalination-projects, will deliver approximately 300 kilometers of fiberglass pipes to Dubai World Central, enough to stretch from the city to Abu Dhabi and back.

Dubai World Central is expected to be the world's largest passenger and cargo hub when it is completed in 2013, capable of handling as many as 120 million passengers, nearly twice that of Heathrow Airport today, and 12 million tons of cargo per year. The airport will be the first of its kind constructed with the Airbus 380 in mind.

Commenting on the contract, Rami Makhzoumi, President and CEO of FPI said:

"Technology innovation and quality are fundamental to our business and our ability to embark on important projects like Dubai World Central. We believe that our range of fiberglass pipe systems is the most extensive in the industry and enables us provide value-added solutions to our customers. Our products and pipe systems are ideally suited for a broad range of projects across many different sectors in particular for large scale infrastructure projects."

Over the last decade, FPI has invested heavily in research and product development to ensure versatile, cost effective and durable fiberglass piping systems.

Glass Reinforced Polyester (GRP) pipes will be supplied by FPI for the airport runway because of their ability to withstand pressure and corrosion from storms and waste water. For the airport's fire water systems, FPI was selected to provide pipes capable of withstanding extremely high temperatures - manufactured from Glass Reinforced Epoxy Resin (GRE).

Dubai World Central airport orders, which have an expected value of $US75 million, commenced in the first half of 2007 with projects expected to be completed by 2009. FPI was also involved in a number of other Dubai airport developments including the provision of fiberglass pipes for Dubai International Airport's district cooling system, storm water drainage system and cargo mega terminal.

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About FPI
Future Pipe Industries Group (FPI) is a global leader in large diameter fiberglass pipes, developing, manufacturing and supplying fiberglass pipe systems for customers across the world. Headquartered in Dubai, FPI's operations include 11 factories and a global network of sales offices across four continents.

FPI serves customers in over 50 countries across the oil and gas, infrastructure and municipal, water distribution, desalination and power, petrochemical and industrial markets. FPI's customers are generally companies engaged in infrastructure and construction projects such as EPC contractors and general infrastructure building contractors. The end-users of FPI's pipe systems include governments, municipalities, other state-owned enterprises, oil and gas exploration and production companies and power generation companies.

FPI estimates that its sales for 2007 exceeded $US 550 million.

Media Contact:
Nancy Zabaneh
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