Gulf Dynamic Services targets 30% year-on-year growth during 2014
Gulf Dynamic Services [GDS] – a subsidiary of Masharie LLC, the private equity arm of Dubai Investments PJSC and one of the leading names in turnkey interior fit-out solutions, is targeting 30% year-on-year growth in turnover during 2014 – riding on the demand for quality fit-out solutions amidst ongoing construction boom in the region.
The company is also aggressive looking at expanding its portfolio across Saudi Arabia, Africa and Erbil as well as Basra in Iraq, among other countries. GDS is also eyeing opportunities in the hospitality sector in the UAE and the region to complement its existing project portfolio.
The Sharjah-based GDS, which operates in Dubai as Labtec Interiors, is associated with a number of iconic projects including banks, retail outlets, corporate offices and residential units in the UAE and has witnessed strong growth over the last two years following the resurgence of construction activity. The company achieved 60% increase in turnover in the last year alone.
“Gulf Dynamic Services is eyeing a strong growth this year and continuing our upward trajectory since 2012. Buoyed by the booming construction activity and a great growth potential in interiors and the fit-outs sector, we expect to grow by over 30% in 2014, which will further reinforce our market reputation. Our success is underpinned by a strong commitment to operational excellence and adherence to agreed deadlines,” said Mr El Tayeb El Hag Yousif, General Manager of GDS.
With prestigious projects under its belt, including the Dubai Insurance Building interior refurbishing, over 13 branches of Union National Bank [UNB], the Abu Dhabi Islamic Bank [ADIB] building in Erbil among others, the company is now aggressively targeting the booming hospitality sector.
“We have undertaken various projects in some iconic lifestyle developments for the DAMAC Group as also accomplished projects for Four Seasons – a leading hotel group. We are bullish about our growth in this sector and are also pitching for a new project in Basra,” added Mr El Tayeb.
GDS, operational for over 30 years and employing over 275 employees across its headquarters and various project sites, is well known for its professional and service-oriented approach in the field of joinery and turnkey interior fit-out solutions and is today an integral part of many prestigious architectural and commercial projects in the GCC.
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