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· 26 contracts finalised in UAE, GCC and Africa
· 19% year-on-year growth compared to 2014
Dubai: Emirates Building Systems [EBS] - a subsidiary of Dubai Investments PJSC and a regional pioneer in the design, fabrication and construction of steel structures, has announced completion of projects worth AED 132 million in the first half of 2015, amidst escalating demand for steel structures in the region fueled by ongoing construction boom.
The company successfully executed 26 contracts in the period, across the UAE, Qatar, Oman, Saudi Arabia, Kuwait and Africa. These contracts included a number of prestigious projects such as the IMG Theme Park in Dubai, Al Khor transfer station in Doha, a petrochemical plant in Algeria, a ship-building facility in Dubai and warehouses in Somalia.
As a result, EBS recorded a 19% year-on-year growth in the period under review compared to 2014. The company also announced a strong focus in Africa, particularly in Nigeria, Ghana, Ethiopia and Tanzania, given the escalating demand for steel structures for infrastructure and commercial projects as well as the oil and gas sector in the continent.
Samir Akra, General Manager of Emirates Building Systems, said: "The rampant construction for infrastructure projects across the GCC and North Africa is leading to pent-up demand for steel structures. The strong year-on-year growth is a testimony of the potential of EBS' wide product portfolio catering to various sectors."
He added: "As one of the leading manufacturers of steel structures across the region, EBS is well-positioned to cater to this burgeoning market demand and complete even the most challenging of steel building projects to world-class standards."
EBS' current projects bidding portfolio also include end-to-end steel building solutions for a number of FIFA 2022 stadium contracts in Qatar, petrochemical projects in Oman, Riyadh Public Transport Control Center and petrochemical contracts in KSA besides oil & gas, commercial and industrial projects in Kuwait.
As a step to further reinforce its market leadership in the sector, EBS had announced the launch of the first-of-its-kind Buckling-Restrained Braces [BRB], which elevate safety guidelines in existing and new buildings by mitigating seismic risks. The BRBs are produced by CoreBrace LLC - EBS' associates and one of the leading names in braces technology worldwide.
According to market estimates, the demand for this one-of-its-kind technology is expected to grow 50% year-on-year over the next five years.
Since its inception, EBS has achieved commendable milestones as pioneers in steel structure fabrication since and holds a proven track record in providing end-to-end steel building solutions for several of the region's prestigious steel structure landmarks. The company also provides engineering design and detailing as well as erection services at the site.
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About Emirates Building Systems
Established in 1997 as a subsidiary of Dubai Investments PJSC, Emirates Building Systems [EBS] is one of the leading manufacturers of steel structures in the Middle East. Apart from being a market leader in the UAE, EBS has also established a significant international presence in Kuwait, Oman, Qatar, Bahrain, Saudi Arabia, Pakistan, Bangladesh and Africa, to cater to an extensive client base across the globe.
© Press Release 2015
