Emirates Building Systems (EBS) has clinched a contract to provide steel structures for the second phase of the Riyadh Metro Project.
The deal is part of the AED 51mn ($13.8mn) 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.
EBS has also won a new contract with Petrofac in the Khazzan gas project in Oman, a statement said. With the new projects, the company is expecting a strong performance this year, to build on its 2015 sales revenue of over AED 200mn.
Emirates Building Systems says the company is also conducting feasibility studies on several projects in Africa which is seeing escalating demand for steel structures for infrastructure and commercial projects as well as in the oil and gas sector.
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.
EBS is a subsidiary of diversified conglomerate, Dubai Investments which is listed on the Dubai Financial Market