Sunday 24 June 2018

Gulf Dynamic Services targets 30pc growth

Dubai, February 4, 2014

Sharjah-based Gulf Dynamic Services (GDS), a leader in turnkey interior fit-out solutions, is targeting 30 per cent year-on-year growth in turnover during 2014, said its general manager.

The company, a subsidiary of Masharie, the private equity arm of Dubai Investments, hopes to increase the turnover riding on the demand for quality fit-out solutions amid the ongoing construction boom in the region, a statement said.

It is also aggressive looking at expanding its portfolio across Saudi Arabia, Africa and Erbil as well as Basra in Iraq, among other countries. GDS is also eyeing opportunities in the hospitality sector in the UAE and the region to complement its existing project portfolio.

GDS, which operates in Dubai as Labtec Interiors, is associated with a number of iconic projects including banks, retail outlets, corporate offices and residential units in the UAE and has witnessed strong growth over the last two years following the resurgence of construction activity.

The company achieved 60 per cent increase in turnover in the last year.

“Gulf Dynamic Services is eyeing a strong growth this year and continuing our upward trajectory since 2012. Buoyed by the booming construction activity and a great growth potential in interiors and the fit-outs sector, we expect to grow by over 30 per cent in 2014, which will further reinforce our market reputation. Our success is underpinned by a strong commitment to operational excellence and adherence to agreed deadlines,” said El Tayeb El Hag Yousif, general manager of GDS.

With prestigious projects under its belt, including the Dubai Insurance Building interior refurbishing, over 13 branches of Union National Bank, the Abu Dhabi Islamic Bank building in Erbil among others, the company is now aggressively targeting the booming hospitality sector, he added.

“We have undertaken various projects in some iconic lifestyle developments for the Damac Group as also accomplished projects for Four Seasons – a leading hotel group. We are bullish about our growth in this sector and are also pitching for a new project in Basra,” concluded El Tayeb. – TradeArabia News Service

Tags: Dubai Investments | turnover | Fit-out |

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