Sunday 20 January 2019

Bakht Tower ... a mixed-use luxury residential building in Karachi.

DI unit wins key Pakistan project contracts

DUBAI, June 11, 2016

Emirates Glass, one of the largest processors of flat architectural glass in the Middle East region, has secured two projects worth Dh1.25 million ($340239) in Pakistan, thus reinforcing its growing reputation in markets across the globe.

Emirates Glass is a subsidiary of Dubai Investments, the leading, diversified investments conglomerate listed on the Dubai Financial Market, and also a part of Glass LLC, the first glass holding company in Middle East.

As per the deal, Emirates Glass will supply 7,000 sq m of its energy-saving reflective coated glass worth Dh350,000 ($95,266) to the head office of leading telecommunications company Telenor in Islamabad and 5,000 sq m of material worth Dh900,000 ($244,972) for Bakht Tower in Karachi.

Both the Bakht Tower, a mixed-use commercial and luxury residential building overlooking Karachi beachfront and the tallest building structure in Pakistan, and Telenor HQ projects are expected to be completed by the end of this year.

Emirates Glass said the new project orders are a strong endorsement of its growing reputation 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.

The Emirati company, which currently supplies glass across the region and beyond, is also targeting steady growth in its export markets.

"These projects in Pakistan are a testimony to the growth potential of the high-quality, energy-efficient products from Emirates Glass," remarked Rizwanulla Khan, the executive president for 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," he added.

According to him, the EGL has witnessed significant growth in the past 24 months with sales of over Dh250 million ($68 million).

It has also achieved record sales of over Dh150 million ($41 million) in 2015 alone.

This year, the company is expecting steady growth with total sales in the region of Dh190 million ($52 million), he added.

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.-TradeArabia News Service

Tags: Pakistan | Dubai Investments | Emirates Glass |

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