Sharjah: Kingston Holdings, the leading SAIF Zone-based electrical products manufacturer in Asia, has signed a memorandum of understanding (MoU) with Envirofina, a global energy efficiency investment Company with fully integrated ESCO Services.
According to the agreement, Kingston Holdings becomes the exclusive lighting supplier for all joint venture Envirofina energy efficiency projects. Headquartered in Dubai, Envirofina is part of the Iugis group of companies.
The MoU was signed at the Kingston headquarters at SAIF Zone by Lalu Samuel, Chairman & Managing Director, Kingston Holdings, Marios Gkekas, CEO of Envirofina, in the presence of officials from both companies.
The MoU stipulates that Kingston Holdings will carry out energy efficiency solutions for all Envirofina buildings and facilities. This includes providing multi-services solutions from lighting to ventilation and air-conditioning), offering engineering, procurement, and contracting (EPC) solutions to reduce energy consumption and operation and maintenance costs, and strengthening the safety and performance of buildings. This would help improve productivity and achieve energy savings in HVAC systems by 20 – 40 % and 50 – 90 % in lighting systems.
Commenting on the agreement, Lalu Samuel said: “The collaboration with Envirofina is part of the joint commitment to enhancing the global leading position of the UAE in the renewable and green energy ventures. This is achieved by making use of the cutting-edge technologies in the clean energy field which is a key pillar of sustainability pillars in the UAE.”
Samuel added that the partnership unlocks an enormous potential in the areas of energy efficiency and reduction in carbon footprint, stressing that the collaboration with such a regional leader in the clean energy area is a qualitative addition to Kingston’s client base which is brimming with major government and private companies at the local and regional level.
Kingston’s customer list includes; Dubai International Airport, Dubai Metro, Emaar Properties, Dubai Properties, Emirates airline, Dubai Electricity and Water Authority (DEWA), and Sharjah Electricity & Water Authority (SEWA), besides a strong presence in government projects in Qatar, Saudi Arabia, Kuwait, Oman, Bahrain, and India.
On signing the MOU, Marios Gkekas, CEO of Envirofina, said “Working with a large local manufacturer like Kingston Holdings to deliver quality products as part of our tailored energy efficiency program is a great step as we look to find new ways to add value to our customers”.
“In turn, we look forward to building our relationship with Kingston Holdings to identify additional opportunities to work together,” he added.
About Kingston Holdings
Kingston Holdings was established in 1996 and is headquartered at the industrial capital of the UAE, Sharjah International Airport Free Zone (SAIF Zone).
With multiple business arms, Kingston Holdings is involved in manufacturing, regional distribution, third-party logistics, shipping, freight forwarding, headhunting, smart home solutions, and project development.
Kingston today is the largest investor in Saif Zone with one million sq. ft. land area, over 600,000 sq. ft. built-up area, two manufacturing units, a regional distribution centre, and a corporate office with an area of 80,000 sq. ft. which houses a customer experience & training centre.
The manufacturing facility in Sharjah produces about 1,200 products. All are tested to international standards, IEC and BS. Furthermore, all manufacturing units are certified to ISO9001, 14001, and 45001. Major UAE customers of the manufactured products include Dubai International Airport, Dubai Metro, Emaar Properties, Dubai Properties, Emirates airline, Dubai Electricity and Water Authority (DEWA), and Sharjah Electricity & Water Authority (SEWA). The products are also used for government projects in Qatar, Saudi Arabia, Kuwait, Oman, and Bahrain. There is also a growing customer base in India and the subcontinent region.
Kingston Holdings also operates in a diverse range of high-end product categories, all under one roof covering Cable Management, PVC & Metal, Wiring Accessories, Domestic, Commercial, Industrial, Streetlighting & Special Application Lightings in LED, Networking & Communication Enclosures, Power Distribution Enclosures and Metal Back Boxes.
The operations span 120 countries and regions including the Middle East, Subcontinent, Africa, Europe, UK, Canada, and the U.S.
About iugis
Iugis acquired Envirofina in July 2020 and is the ultimate parent company of Envirofina. Since the acquisition, the business has been restructured to facilitate significant growth in the UAE ESCO market. Additional resources have been added to the business to attain this growth. iugis considers the ESCO market to worthy of significant investments and sees Envirofina as a cornerstone investment in our business operations in the GCC and more broadly in eastern Europe.
iugis operates in the sustainability sector, with investments and businesses operating in, the United Kingdom, Germany, Greece, Australia, New Zealand, and the United Arab Emirates. iugis is a sustainable technology company delivering solutions for food waste, health, and energy. A key focus of iugis is in Energy Savings for government and corporate markets and sustainable energy generation, through projects including Solar, and Wind power generation.
iugis is a global organization that cares about future generations and what we’re doing to the planet.
About Envirofina
Envirofina is a global energy efficiency investment Company with fully integrated ESCO Services headquartered in Dubai, UAE, with a focus on offering in-house engineering, procurement, contracting (EPC), and Financing Solutions for Building Energy efficiency, Street lighting, and solar energy projects.
Envirofina has hundreds of energy-saving solutions totaling some $52m USD and delivering a reduction of approximately 56,000 tonnes of worldwide CO2 emissions.
© Press Release 2021
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
