Dubai Investments reinforces growth plans in Qatar

• Qatar is ideal for mega investments in the construction sector: Al Serkal• Company takes centre stage with strong participation at Project Qatar   As part of its strategy to reinforce its presence across the GCC and beyond, Dubai Investments PJSC [DI], the leading investment company listed on the Dubai Financial Market, has emphasized its commitment to Qatar with a strong participation in Project Qatar 2014, one of the region’s key exhibitions for construction, sustainability and building materials.

DI’s participation in the high-profile exhibition is focused on promoting Qatar as an entrepreneurial hub for individuals and companies looking to invest in the real estate and construction industry in the region. The exhibition, which opened on May 12, runs till May 15 at the Qatar National Convention Centre.

Seven DI subsidiaries, which are category leaders in their respective sectors, are currently part of the exhibition. These include Emirates Glass, Emirates Insolaire, Dubai Cranes, Emirates Building Systems, Gulf Metal Craft, Gulf Dynamic Switchgear and Emirates Extrusions Factory.

Each of the DI subsidiaries is showcasing its cutting-edge technology and expertise in the building materials and related industries. One of the innovations on show include the first-of-its-kind solar panels in the world from Emirates Insolaire which generates electricity on its own – an eco-friendly, sustainable model from DI.

Abdul Aziz Al Serkal, General Manager of Dubai Investments, said: “The Qatari market is a strategic growth destination for the UAE as it not only helps develop our business, but also provides us with a number of opportunities for investment and trade, particularly in the construction sector. Our subsidiary – Emirates Building Systems – has acquired more than 50 projects in the last few years, including the over US$6.5 million polysilicon plant project that is currently being executed by Qatar Solar Technologies. We look forward to collaborating on projects that develop environmentally sustainable products of the highest quality and efficiency.”

Al Serkal added: “This exhibition has succeeded in continually providing companies in the region with a strong platform to build business relationships with relevant industry partners. We look forward to leveraging potential business opportunities in Qatar’s booming construction sector through our participation in the mega event.”

Dubai Investments, particularly Emirates Glass, has contributed significantly to the construction sector of Qatar by providing products to various projects, including Platinium Tower, Woqoud Tower, Doha Gate, Falcon Tower, Barwa Avenue – Commercial District, five buildings of City Center as well as Marriott Hotel, Golden Tower, Al Nakheel Tower, Al Faisal Twin Towers, Qatar Museum, Shemoukh Tower Podium and numerous government schools in Wakrah City.

Another DI subsidiary, Emirates Extrusion Factory, has also contributed significantly to strategic projects in Qatar. These include a number of water and energy plants for Ashghal, Qatar Faculty for Islamic Studies and Sidra Hospital, among others. The company is currently working on Barwa Al Baraha and Qatar Hotel projects and forthcoming contracts include FIFA 2022 World Cup stadiums, Doha Festival City, Doha Mall, Qatar National Museum, Doha Metro, Al Gharafa Stadium expansion, among others.

600450 Dubai Investments reinforces growth plans in Qatar
Date: 16 May 2014

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