Efeco-LG in Dh70m deal - Emirates24|7

Efeco-LG in Dh70m deal

Riad Kamal, CEO of Arabtec Holding (SUPPLIED)

Emirates Falcon Electromechanical (Efeco) yesterday signed a Dh70 million agreement to purchase air- conditioning units from LG Electronics for projects in Dubai.

Efeco, which is a subsidiary of Arabtec Holding and specialises in mechanical, electrical and plumbing (MEP) works, concluded the deal with LG Electronics and its local representative, Fortune International Trading, to purchase 30,000 air conditioning units.

This agreement follows a similar deal signed in May with Ducab for the supply of electric cables.

Efeco will be installing the air-conditioning units in more than 6,000 villas that it has under contract at various projects, such as Sheikh Mohammad bin Rashid National Housing Programme at Oud Muttena, Al Warqa and Al Barsha. The units will also be supplied to projects for Emaar at Emirates Hills and Arabian Ranches, the Al Bawadi development, villas for the Dubai Silicon Oasis Authority and villas for Shaikh Holdings' Sanctuary Falls development.

The agreement was signed by KW Kim, President of LG Electronics, Middle East and Africa and Saad Taher of Efeco in the presence of Riad Kamal, the CEO of Arabtec Holding, and officials from Fortune International Trading.

"This agreement comes as a consolidation of Arabtec's long-established relationship with LG Electronics and Fortune International, which saw the successful supply of air-conditioning units to thousands of villas built by Arabtec Construction and fitted by Efeco in Dubai in the past. It is also in our strategic interest to secure necessary long lead supply materials for our projects to ensure timely handover of these projects to investors," said Kamal.

In a deal signed on May 29 worth Dh125m with Ducab, Efeco had secured the supply of electric cables to all of its projects in the UAE. Ducab will also supply cables to Efeco's buildings and tower projects.

Comments

Comments