Dubai Investments wins steel structures contract for second phase of Riyadh Metro Project

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1 May 2016

Dubai Investments PJSC [DFM: DIC], the leading, diversified investments conglomerate listed on the Dubai Financial Market, has announced that its subsidiary Emirates Building Systems [EBS] – part of Dubai Investments Industries [DII] and a regional pioneer in the design, fabrication and construction of steel structures and building solutions – has been awarded a contract to provide steel structures for the second phase of the Riyadh Metro Project.

The Riyadh Metro contract is part of the AED 51 million worth of projects won by Emirates Building Systems across Saudi Arabia and Oman, as demand for steel structures increases amidst infrastructure developments in the GCC countries.

Emirates Building Systems has also won a new contract for Petrofac in the Khazzan gas project in Oman. With the new projects, the Company is expecting a strong performance this year, to build on its 2015 sales revenue of over AED 200 million.

Emirates Building Systems has also announced a strong focus in Africa, particularly in Nigeria, Ghana, Ethiopia and Tanzania and currently conducting feasibility studies on several projects, given the escalating demand for steel structures for infrastructure and commercial projects as well as the oil and gas sector in the continent.

Samir Akra, General Manager of Emirates Building Systems, said: “Over the years, Emirates Building Systems has set an unparalleled track record across the wider Gulf and the rampant construction – be it the infrastructure projects such as the public transport system in KSA or the oil and gas sector in Oman and Kuwait – is leading to pent-up demand for steel structures. EBS is well-positioned to cater to this increase in market demand.”

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.

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.