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Building sans steel, wood or concrete nears completion on Al Reem Island

United Arab Emirates: Saturday, November 24 - 2007 @ 10:01

Built with “sandwich panels” made of composite materials that are used to make the new generation aircraft — including Boeing787 and
Airbus A350 — the project will be the new corporate office of Tameer Holding, a leading real estate company developing a $1.9bn complex on Al Reem Island.

The revolutionary building technology, which ensures faster and cost-saving construction, has been brought to the region by InnoVida Group in association with the UAE-based Al-Safeer Group.

Recently, InnoVida, a multinational US company with operations in Germany, the Middle East, Africa, Central and South America, came to the global limelight when a 45-foot pyramid, made of InnoVida panels, was installed at UK’s Hyde Park by the acclaimed pop artist
Romero Britto.

Dr. Abdallah Shaaban, Chief Executive Officer of Tameer Abu Dhabi, said the InnoVida technology would have a far-reaching impact on the
booming construction industry by reducing its dependence on cement, wood, steel and labour while ensuring speedy environment-friendly
construction. “We hope our building on Al Reem Island will be the first such structure to inspire other builders to adapt this technology which will go a long way in saving energy and construction time.”

InnoVida panels, made of proprietary synthetic composite materials, allow superior thermal and sound insulation, said Caludio Osorio, Chairman and CEO of InnoVida. “The technology ensures cost and time-efficient housing solutions,” he said.

“InnoVida panels are used with ‘InnoVidaResin’ to facilitate construction without the use of heavy equipment while InnoVidaBond materials are used to fuse together panels into a mono-block to make the buildings waterproof. By using this technology, structures — homes, buildings, offices and warehouses —can be erected without a
foundation, column or roof structure,” Mr Osorio said.

In the US and other markets, InnoVida’s panels are being increasingly recognised as a better alternative to traditional construction
materials because they are stronger —the panels can take a load of 1 ton horizontally and 5 tons vertically. They are lighter and more flexible than cement, steel or bricks. InnoVida’s panels are also non-flammable, waterproof and hurricane resistant (up to 300Kph).

“InnoVida panels’ insulation allows for better preservation of room temperatures, ensuring energy saving of up to 70% during summer days,” Mr Osorio said.

InnoVida, in joint venture with Al Safeer Group, plans to open panel production factories in the UAE and India. Mr J. P. Kalwani, CEO of Al Safeer Group, said InnoVida offers a radical technology ensuring significantly lower construction costs.

“We are delighted to partner with this innovative technology leader, and look forward to trail-blaze a new trend in cost-effective
construction in India and the Gulf.

Al Safeer Group — a diversified conglomerate with business interests in retailing, malls, entertainment, real estate, furniture,
manufacturing exhibition stands and trading across the GCC — has a significant number of real state development projects scheduled and
waiting for the InnoVida factories in India to become operational.

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Saturday, November 24- 2007 @ 10:01 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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