31 May, 2015

Al Shafar's ADNOC and Al Hosn Gas Projects on Track for Completion by 2016

These projects, awarded in 2014, include an AED 156 million project with ADNOC to build a 206-room guest house and

Bishoy Azmy, CEO of Al Shafar General Contracting Co. LLC

Bishoy Azmy, CEO of Al Shafar General Contracting Co. LLC

31 May 2015
Al Shafar General Contracting Co. LLC, a leading and award-winning UAE construction group('ASGC'), is pleased to announce that existing projects with Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi Gas Development Company Ltd (Al Hosn Gas) are on track for completion by 2016.

These projects, awarded in 2014, include an AED 156 million project with ADNOC to build a 206-room guest house and supporting facilities in Al Ruwais and an AED 164 million contract with Al Hosn Gas to construct a compound and residential accommodation complex in Qusahwira.

These projects reflect the success of ASGC's ability to diversify its construction skill set within the residential spaceand apply it to high-growth industry sectors such as oil and gas.

Founded in 1989 in Dubai, ASGC provides turn-key general contracting solutions across a range of market sectors, including residential, commercial, hospitality, healthcare, industrial, leisure, infrastructure, and oil and gas. In addition to undertaking large-scale construction projects, ASGC also offers a number of related construction products and services, including mechanical electrical and plumbing (MEP) services and structural steel, ready-mix concrete and pre-cast concrete products, as well as interior fit-outs through a number of subsidiaries.

Bishoy Azmy, CEO of Al Shafar General Contracting Co. LLC, said:
"In line with our diversification strategy, we are capitalizing on sector opportunities across the region and are continuing to broaden our business as we move our construction expertise into residential and hospitality components ofthe oil and gas sector.

On behalf of the entire ASGC team, I am pleased to confirm that our projects with ADNOC and Al Hosn Gas are well underway and scheduled to be completed next year. These projects will provideexcellent reference sites for our business as we continue our growth momentum."

During the past 25 years, ASGC has worked on more than 250 projects and has developed a deep understanding of the local construction market with a reputation for consistently delivering high-quality projects. ASGC clients includeMeraas Holding, Dubai Properties, Bloom Properties, Emaar Misr, wasl Asset Management, Al Habtoor Group, IFA Hotels & Resorts and Damac.Government clients includethe RTA, Dubai Police, Abu Dhabi Health Authority (SEHA),Dubai Aviation Engineering Projects (DAEP) and ADNOC.

ASGC's landmark projects include the Waldorf Astoria Hotel (Palm Jumeirah, Dubai), City Walk (Jumeirah,Dubai), the Golden Mile (Palm Jumeirah, Dubai), Jumeirah Beach Residence Sector 6 (Dubai Marina, Dubai), Business Central Towers (Sheikh Zayed Road, Dubai), Marina Bloom (Abu Dhabi Marina),Oceanscape (Reem Island, Abu Dhabi), Vision Tower (Business Bay, Dubai), Bay Square (Business Bay, Dubai),Dubai International Airport Support Facilities (Dubai Airport, Dubai) andthe Dubai Police General Headquarters (Al Twar, Dubai).

-Ends-

Media Enquiries:
Shane Dolan
FTI Consulting
+971 (0)4 437 2109
Shane.Dolan@fticonsulting.com

Lena Dal Santo
FTI Consulting
+971 (0)4 437 2103
Lena.DalSanto@fticonsulting.com

© Press Release 2015

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