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EII will build business and market share of Leaders Fort Contracting in high-growth sectors
Equity partnership will strengthen LFC's project portfolio in the UAE and potentially other high-growth markets in the GCC region
LFC has impressive footprint in flooring works, concrete repair, waterproofing and other specialised skills
Dubai, UAE - Emaar Industries & Investments (EII), a private joint stock company and member of Emaar Properties PJSC, has acquired a significant stake in the UAE-based Leaders Fort Contracting (LFC), which has extensive expertise in specialised works including Concrete Repair technologies, Industrial & Trafficable flooring, Waterproofing, protective coatings, MEP works among others. EII already has a significant roster of business entities that it supports, all of which offer services in fast-growing manufacturing and industrial sectors.
A privately owned company, LFC is another strategic investment by EII in the construction and contracting sector. EII will contribute to developing LFC's business activities and strengthen market share including exploring opportunities for potential partnership on mega-developments in the UAE and expansion to other GCC markets. EII will also support LFC in expanding its footprint into the oil and gas, and military sectors in addition to supporting LFC in building its service portfolio.
Nasser Batha, Chief Executive Officer of Emaar Industries & Investments, said: "The acquisition
of a significant stake in Leaders Fort Contracting is a strategic fit to our focus on investing in leading UAE-based companies that have high growth potential. LFC has a strong track-record in providing specialised services for the construction sector, which fits well with our investment strategy. As a company with a specific focus on strengthening the industrial and manufacturing sector of the UAE, we will continue to explore such opportunities that add value to our stakeholders, while enabling the growth of our new partners."
Mohammed Bazzari, Chief Executive Officer of Leaders Fort Contracting, said: "The partnership with Emaar Industries & Investments will enable us to secure long-term growth through strategic business activities and a wider geographic footprint. Our specialised services are sought-after in the market, and we bring over a decade of expertise of working on large-scale projects across the UAE. We are now set to enter a new era of growth, supported by the expert counsel and investment support offered by EII, across all aspects of our operations. The investment will also enable us to create new jobs in our sector."
Established in 2006, Leaders Fort Contracting has undertaken works for several prestigious clients such as Burj Khalifa, The Dubai Mall, Dubai International Airport, Abu Dhabi International Airport, The Presidential Palace, Mafraq Hospital, Al Ain Stadium, Yass Mall and Julphar pharmaceutical facilities, among others.
It has several specialised divisions that undertake the full spectrum of works including civil work, MEP, industrial and car parking flooring, waterproofing, concrete rehabilitation & repair, protective & decorative coatings, and polyurea applications. The company has a strong base of industry specialist employees, set to almost double this year to cater to its growing pipeline, following the investment support by EII.
Committed to customer service and quality, LFC has a team of qualified and experienced professionals. With a youthful team - the average age being 35 years - Leaders Fort has established strong and repeat partnerships. It is today regarded as the 'first choice' over its competition.
Strengthening industries by investing in promising companies and creating long-term value, EII shares best practices with its partners, enhances corporate governance structures and provides a flexible capital base to promote all-round growth. EII is rolling out a new and revised strategy to build its investments in high-growth industries.
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About Emaar Industries & Investments:
Emaar Industries & Investments (EII), a member of Emaar Properties PJSC, is a private joint stock company established in August 2005 to capitalise on the growth prospects of the manufacturing sector in the Middle East, North Africa and South Asia as a strategic investor and partner.
EII strengthens industries by investing in existing businesses and establishing joint ventures with leading establishments. Since inception, the company has succeeded in creating an impressive brand that inspires confidence in investors. EII is dedicated to investing in sustainable companies and projects that are economically beneficial and commercially sound.
EII is focused on maximising its subsidiaries' long-term value, exposing them to industrial best practices, improving corporate governance, providing a solid and flexible capital base and ensuring sustainable cash flow.
EII focuses on capitalising on the potential of the fastest growing sectors in the region including building material, chemical and petrochemical products, FMCG, healthcare, metals, engineering industries including equipment & machinery, electronics and electrical equipment.
For more information, please contact:
Kelly Home / Nivine William
ASDA'A Burson-Marsteller
+9714 4507 600
kelly.home@bm.com / nivine.william@bm.com
© Press Release 2016
