EFECO buys 30,000 air conditioning units from LG Electronics | EFECO buys 30,000 air conditioning units from LG Electronics -

EFECO buys 30,000 air conditioning units from LG Electronics

United Arab Emirates: Wednesday, June 04 - 2008 @ 08:26

In a signing ceremony at Burj Al Arab in Dubai, Emirates Falcon Electromechanical LLC (EFECO), a subsidiary of Arabtec Holding specialising in mechanical, electrical and plumbing (MEP) works, concluded a deal with LG Electronics and its local representative, Fortune International Trading, to purchase 30,000 air conditioning units valued at approximately Dhs70m.

These projects include the Sheikh Mohammad Bin Rashid National Housing Program at Oud Muttena, Al Warqa and Al Barsha; projects for Emaar at Emirates Hills and Arabian Ranches; the new Al Bawadi development; villas for the Dubai Silicon Oasis Authority; and villas for Shaikh Holdings’ Sanctuary Falls development.

The agreement was signed by Mr K. W. Kim, President of LG Electronics: Middle East and Africa, Mr Baassiri of Fortune International Trading and Mr Saad Taher of EFECO in the presence of Mr Riad Kamal, the CEO of Arabtec Holding, and executive managers of the three companies.

Speaking at the occasion of the signing, Mr Kamal said, ”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 the respective investors.”

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Wednesday, June 4- 2008 @ 8:26 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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