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Glass LLC Coating Division wins orders worth AED 280 million during the first half of 2015

Post Time:Aug 28,2015Classify:Company NewsView:308

Glass LLC, the first glass holding company in the Middle East and a wholly-owned subsidiary of Dubai Investments PJSC [DI], has announced that its coating lines, comprising subsidiaries Emirates Glass LLC [EL] and Saudi American Glass [SAG], have won projects exceeding AED 280 million in the first six months of 2015. 
 
The coating projects come in the midst of increase in the number of infrastructure contracts across the GCC. During the first half of 2015, the new orders include multiple projects worth AED 150 million in the United Arab Emirates, AED 75 million in the Kingdom of Saudi Arabia, and AED 45 million in Qatar, Bahrain, Oman and Kuwait.
 
Rizwanulla Khan, Executive President for Emirates Glass, Lumiglass Industries and Saudi American Glass, said: “The order books of our glass subsidiaries are strong this year, in line with the increasing demand for our high-quality, energy-efficient products. Our portfolio of ongoing projects in strategic markets across GCC has cemented our credibility and position as a trusted supplier of glass products for iconic real estate projects.”
 
He added: “It’s not just tall towers that we are known for today; but we are also the supplier of choice to many of the major residential developments currently in construction throughout the region. Glass LLC also provides premium quality glass solutions to the construction, automotive, security and defence industries and is eyeing growth across the region and into newer markets in order to realize our envisioned growth.”
 
Glass LLC subsidiaries also boast of strong order books for projects in GCC, which include 250,000 square metres of Solite coated glass for ‘Akoya by Damac’ Apartments and Villas, 80,000 square metres of E-Lite Blue glass for Dubai Design District, 40,000 square metres each for Viceroy Hotel in Dubai, Abdel Wahab Tower in Doha and Heart of Doha projects, 35,000 square metres for Worli Oberoi Hotel in Mumbai, 25,000 square metres for Warsan development in Dubai, among others.
 
Glass LLC is also tapping into new exports markets in the coming months, to complement its existing presence across GCC and MENA region. The new markets include India, East Africa, South Africa, Turkey and other Asian countries.
 
Glass is an inherent part of the construction industry in the region, and with over $4.3 trillion forecast to be spent on construction in the MENA region in the current decade, there is huge demand for cut-to-size, sustainable, post-temperable coated glass products for both commercial and residential projects.


Source: www.dubaiinvestments.comAuthor: shangyi

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