Emirates Building Systems bags AED51mn contract in Saudi Arabia

Sunaina Rana / Emirates Business

Dubai Investments, the leading, diversified investments corporation listed on the Dubai Financial Market, announced that its subsidiary Emirates Building Systems (EBS) – part of Dubai Investments Industries (DII) has been endowed with a contract to provide steel structures for the second phase of the Riyadh Metro Project.
Elaborating on the importance of the achievement, Samir Akra, General Manager of Emirates Building Systems, said, “Emirates Building Systems has time and again been recognised for its unparalleled track record across the wider Gulf and the rampant construction. EBS has catered to a diversified range of projects be it the infrastructure projects such as the public transport system in KSA or the oil and gas sector in Oman and Kuwait, the company has been leading to pent-up demand for steel structures.”
As the demand for steel structures upsurges amidst infrastructure developments in the GCC countries, the Riyadh Metro contract is part of the AED 51 million worth of projects won by Emirates Building Systems across Saudi Arabia and Oman.
He added “We at EBS have been striving to deliver the best to our clients and are well-positioned to cater to this increase in market demand.”
On the other hand Dubai Investments has challenged the norms and introduced cutting-edge technologies, pioneering business models, unique investment strategies and innovative concepts across its diversified portfolio spanning different sectors and markets across the globe.
In addition to the Riyadh Metro project, EBS has also won a new contract for Petrofac in the Khazzan gas project in Oman. These highly significant projects in line have added to the company’s expectation of a strong performance this year. These ambitious projects would certainly build on its 2015 sales revenue of over AED 200 million.
Since its inception, EBS has achieved commendable milestones as the pioneers in steel structure fabrication since and holds a proven track record in providing end-to-end steel building solutions for several of the region’s prestigious steel structure landmarks. The Company also provides engineering design and detailing as well as erection services at the site.
The company is also eyeing the African countries —Nigeria, Ghana, Ethiopia and Tanzania— which have a lot of prospect which. Considering the enormous growth in the steel structures for infrastructure and commercial projects, EBS has currently been conducting viability studies on several projects in the region.
Simultaneously, EBS is also bidding for a number of other projects including the football stadium contracts for the FIFA 2022 Qatar, petrochemical projects in Saudi Arabia and Oman, besides oil & gas, commercial and industrial developments in Kuwait.