13 February 2016
Dubai: Gulf Dynamic Services [GDS] - a subsidiary of Masharie LLC, the private equity arm of Dubai Investments PJSC and one of the leading names in turnkey interior fit-out solutions, is targeting 25% growth in turnover in 2016 - as demand for quality fit-out solutions continues to increase with hectic construction activity in the UAE and GCC countries.
The company is looking at expanding its portfolio across Gulf, particularly in Saudi Arabia & Qatar, as also in Africa and Iraq. GDS, which achieved 20% increase in turnover in 2015, is also eyeing opportunities in the hospitality sector in the UAE and region to complement its existing project portfolio.
Sharjah-based GDS has undertaken various projects for DAMAC Group as also completed projects for other hotel operators. The company is currently working on two hotel projects for Dubai Properties, a four-star hotel for Bin Hareb Group, a 42-villa development for Al Moosa Real Estate and two university campuses.
"Gulf Dynamic Services is eyeing a strong growth this year. Buoyed by the booming construction activity and a great growth potential in interiors and the fit-out sector - particularly the hospitality projects, we expect to grow by over 25% in 2016, which will further reinforce our market reputation," said El Tayeb El Hag Yousif, General Manager of GDS.
Some of the other projects under GDS belt include the Dubai Insurance Building interior refurbishing, over 13 branches of Union National Bank [UNB], the Abu Dhabi Islamic Bank [ADIB] HQ in Erbil, among others.
The company is associated with a number of projects including banks, retail outlets, corporate offices and residential units in the UAE and has witnessed strong growth in the last two years. "Our success is underpinned by a strong commitment to operational excellence and we are bullish about our growth in spite of business challenges," added Mr El Tayeb.
GDS, operational for over 30 years and employing over 475 employees across its headquarters and various project sites, is well known for its professional and service-oriented approach in the field of joinery and turnkey interior fit-out solutions and is today an integral part of many prestigious architectural and commercial projects across the GCC.
About Dubai Investments PJSC:
Dubai Investments PJSC is a leading investment company listed on the Dubai Financial Market with over 19,800 shareholders and a paid-up capital of AED 4 billion. Incorporated in 1995, the company has grown exponentially with investments in a number of businesses across three core sectors - real estate, manufacturing & industrial and financial investments across the UAE and the Middle East.
Since inception, Dubai Investments has challenged the norms and introduced cutting-edge technologies, pioneering business models, unique investment strategies and innovative concepts across its diversified portfolio spanning different sectors and markets across the globe. Dubai Investments currently has over 40 subsidiaries & joint ventures under its portfolio, across a wide array of industries and continues to seek new investment opportunities in new sectors, locally and internationally, as part of its strategic expansion plans.
© Press Release 2016