Posted on June 12, 2016 | Khaleej Times
Dubai Investments on Saturday announced that its subsidiary Emirates Glass has secured two projects worth Dh1.25 million in Pakistan, reinforcing its growing reputation in markets globally.
Emirates Glass, which enjoys market leadership with its high-performance, energy-saving, reflective-coated glass products, is supplying 7,000 sqm for the head office of telecommunications leader Telenor in Islamabad with an order value of Dh350,000 and 5,000 sqm for Bakht Tower in Karachi with an order value of Dh900,000.
Both Bakht Tower, a mixed-use commercial and luxury residential building overlooking Karachi beachfront and the tallest building structure in Pakistan, and the Telenor projects are expected to be completed by the end of 2016.
The new projects are a strong endorsement of the growing reputation of Emirates Glass in Pakistan and the company is eyeing strong growth over the next few years - particularly for high-performance, eco-friendly glass, which significantly reduce energy costs. Emirates Glass, which currently supplies glass across the region and beyond, is also targeting steady growth in its export markets.
Rizwanulla Khan, executive president of Emirates Glass, said: "The prestigious projects in Pakistan are a testimony to the growth potential of the high-quality, energy-efficient products from Emirates Glass. The company has an excellent portfolio of projects in the Gulf region and beyond, which has cemented its credibility as a trusted supplier of glass products."
Khan added: "In particular, the surging demand for Emirates Glass' eco-friendly glass further reinforces the growing commitment towards sustainable development and green building principles. With such quality products, Emirates Glass is aggressively aiming at increased market share in existing and new geographies."
Emirates Glass, which has witnessed significant growth in the past 24 months with sales of over Dh250 million, achieved record sales of over Dh150 million in 2015 alone. It expects steady growth in 2016, with total sales in the region of Dh190 million.
Glass is an inherent part of the construction industry in the region, and with over $2.8 trillion forecast to be spent on construction in the GCC countries, there is huge demand for cut-to-size, sustainable, post-temperable coated glass products for both commercial and residential projects.
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