India's top-notch construction company breaks ground with first project for Tamouh Investments. Currently fifth in the UAE in terms of equipment

Abu Dhabi; UAE; June 15, 2008: Navayuga Engineering (NEC), one of India's leading construction companies and part of the Navayuga Group, has entered the UAE market with the ground-breaking for City of Lights (Sector 3, Plot 13), a waterfront project by Tamouh Investments, Abu Dhabi's leading master-developer.

Senior managers of Tamouh Investments and Navayuga took part in the ground-breaking ceremony held in Al Reem Island, today.

NEC targets a turnover of AED800 million by the end of 2009, and plans to expand to Dubai and Oman within a year. To support its growth strategy, NEC has already mobilized manpower and machinery to the UAE including 22 heavy-duty rigs, 18 cranes and 8 hammers - a feat unprecedented in the UAE market for a first-time entrant. All these rigs will be functional by September.

Close to 500 professionals and skilled workers lead NEC's operations in the country. NEC is currently focused on piling works and plans to diversify the business to include infrastructure related works such as flyovers, underpasses, and metro & marine works.

Mr C. Sridhar, Joint Managing Director, Navayuga Group, said: "With real estate projects worth over AED1.71 trillion, Abu Dhabi is the forefront of the region's construction sector. Abu Dhabi, therefore, provides a perfect fit for NEC in our overseas expansion. Several master-developers have launched skyscrapers and NEC has extensive expertise in undertaking piling and foundation works for skyscrapers."

Mr M. A. Sattar, Director-Finance, Navayuga Group, added: "NEC has proven its credentials in India and is one of the top three construction companies in terms of profitability. With Abu Dhabi as our growth-platform in the region, we look forward to expand to Dubai and Oman by mid-2009. Currently, we are fifth in the UAE in terms of equipment and we plan to be second in the country in terms of machinery and equipment by the end of this year."

On the company's association with Tamouh Investments, Mr Antony David, General Manager, Navayuga Engineering Company Ltd (Abu Dhabi), said: "Tamouh is redefining the standards of modern construction and the waterfront mixed-use City of Lights project will be a spectacular addition to Abu Dhabi's skyline. It is our privilege to be associated with this project, and to flag off our operations in the UAE with the ground-breaking in Plot 13, Sector 3 of the project."

Tamouh Investments is the primary developer of a number of key projects in Abu Dhabi including the Marina Square, City of Lights and Fantasy Island, among others. Most of these projects will be completed in the next five years. The City of Lights on Al Reem Island is a breathtaking mixed-use community set amidst a verdant, waterfront oasis. Draped over 101 acres of land, the project includes commercial and residential properties including hotels, offices, residences and retail space. All the towers will be built along the waterfront promenade and interlinked by lush, landscaped plazas. World-class shopping and dining outlets will line the waterfront which also offers an array of water-based activities and sports.

The Plot 13 project on Sector 3 in Al Reem Island comprises five towers and podium with single basement and car park.

Incorporated in 1986 as a part of the Navayuga Group, the leaders in core infrastructure projects and foundation technologies, NEC is focused on pile foundations, diaphragm walls and marine structures like berths, wharves and jetties. Today, the company's expertise spans areas such as special foundations, large-diameter bored piles and diaphragm walls, ground improvement techniques, industrial structures, roads and bridges.

NEC established its first overseas piling business branch in Qatar in 2006, and holds the record for executing piling works 30 days ahead of schedule for the Sports City. Following Navayuga Group's ambitious global expansion strategy, NEC expanded to the UAE, and is currently focused on piling work with plans to expand to infrastructure work.

-Ends-
About NECL:
Navayuga Engineering (NECL) is the flagship entity of the INR25 billion Navayuga Group, headquartered in Hyderabad, India. Navayuga Group is a leader in core infrastructure projects and foundation technology.

A multidisciplinary engineering and construction company, NECL is today one of the few Indian construction companies with the experience and expertise to provide innovative solutions in the field of specialised construction.

NECL integrates its resources and expertise to provide engineering solutions at optimum cost, reliability and time. NECL has a formidable reputation in the timely completion of projects and in maintaining long-term harmonious relationship with clients.

NECL's excellent track record in the industry and efforts have enabled it to take up multi-disciplinary turnkey projects on an EPC basis and infrastructure facilities on Build, Operate & Transfer and Annuity process basis. 

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Antony A. David
General Manager
Navayuga Engineering Company Ltd. (Abu Dhabi Branch)
Tel: 00971 2 6318499
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Direct: 00971 2 6318466
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© Press Release 2008