United Holdings, an investment firm based in Dubai, yesterday announced its acquisition of 46 per cent stake in BRM, a Dubai-based construction company.

BRM is the slipform market leader in the construction sector, boasting a highly experienced management team that has executed more than 200 projects in the UAE, totally valued in excess of Dh25 billion. Currently, it is handling over 30 projects for major clients such as Arabtec Construction, Khansaheb Civil Engineering, NASA Multiplex and Al Futtaim Carillion.

Abbas Kiani, CEO of United Holdings, said: "Our investment in BRM comes as part of our aggressive investment strategy, which focuses on high returns and sound strategic decisions. Taking advantage of the economic boom, we aim to extend our geographic focus from the UAE to potential global markets."

Bruce John Munro, CEO of BRM, said: "As a key shareholder, United Holdings will bring significant value to our operations."