Emirates Glass awarded 100m dirhams mega projects

Emirates Glass LLC coating line at Dubai Investments Park
Updated 02 September 2017
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Emirates Glass awarded 100m dirhams mega projects

Emirates Glass LLC, a subsidiary of Dubai Investments PJSC and one of the largest processors of flat architectural glass in the region, has announced significant growth in profitability in the first half of 2017. It said mega projects worth 100 million dirhams ($27 million) have been awarded to the company across the UAE, Kuwait and Saudi Arabia.
Emirates Glass announced that it is executing more than 50 million dirhams worth of contracts in GCC countries and has also won contracts for a number of projects across Asia.
The new project wins include high performance, energy-saving, reflective coated glass products for the Ministries Complex in Kuwait, the first-ever greenhouse being constructed in Dubai named as The Qur’an Park, the Enterprise Command and Control Center — EC3 of Roads & Transport Authority, Dubai and ITCC Tower & Maad Tower in Saudi Arabia.
Within the UAE, the company has also won glass contracts for Akoya Villas, Nad Al-Sheba Villas, Dubai Hills Villas, Oud Al-Mateena Villas, 1017 Yas West, Al-Yaher, Tiara United Tower, Suites in the SKAI, Hathboor Tower, Mamsha Al-Saadiyat, Adnoc Complex, Manazil Terhab Hotel, Ajman City Center and other developments.
Rizwanulla Khan, executive president at Emirates Glass, said: “The prestigious projects for Emirates Glass are a testimony to the growth potential of its high-quality, energy-efficient products. The company has an excellent portfolio of projects in the Gulf region and beyond, which has cemented its credibility as a trusted supplier of glass products in the region and overseas.”
He added: “The surging demand for EGL’s eco-friendly glass further reinforces the growing commitment toward sustainable development and green building principles. With such quality products, Emirates Glass is aggressively aiming at increased market share in existing and new geographies. The company’s performance reflects how sustainability guides the decisions it makes every day.”
The objective of Emirates Glass is to not only provide the full range of high performance large glass panels, but also guarantee the highest quality standards available in the glass world, he added.


Ascott debuts in Africa with Kwarleyz Residence

Updated 15 October 2018
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Ascott debuts in Africa with Kwarleyz Residence

The Ascott Limited has cemented its footprint on the African continent with the opening of its first property in Accra, the capital of Ghana. Kwarleyz Residence, which is managed by Ascott, will be the first upscale international -class serviced residence to enter the flourishing Ghanaian market.
Thomas Wee, Ascott’s deputy managing director for the Middle East, Africa, Turkey and India, said: “Ascott has been managing world-class serviced residences globally for over 30 years. The opening of our first property in Africa, Kwarleyz Residence, enables our worldwide network of corporate clients and the growing international travelers to experience Ascott’s award-winning hospitality on another continent.
“Africa is the world’s second fastest-growing economy after Asia and we see great potential in the region’s hospitality market. Africa’s huge economic growth is fueled by massive infrastructure development, favorable investment policies, and a young population.
With our strong expertise in hospitality management, Ascott aims to set the benchmark in the region by offering business and leisure travelers world-class extended stay accommodation and superior customer service.”
Wee added: “In addition to Kwarleyz Residence, we have secured a contract to manage Ascott 1 Oxford Street which will open in the heart of Accra in 2019.”
Located in the upscale airport residential district, Kwarleyz Residence is surrounded by embassies and the headquarters of gold mining companies. About a five-minute drive from the Kotoka International Airport, the property is within easy access to the Marina Mall at Airport City and Tema Industrial City, via the motorway.
Vincent Miccolis, Ascott’s regional general manager for the Middle East, Africa and Turkey, said: “We are proud to partner with Wonda World Estates to bring the first-of-its-kind hospitality offering to the Ghanaian capital and introduce sophisticated living in Accra with the opening of Kwarleyz Residence.”
Nana Kwame Bediako, president for the Kwarleyz Group of companies, which includes Wonda World Estates, said: “We see this collaborative project with our colleagues at Ascott as another example of Wonda World Estates, Kwarleyz Group, Cola Group and Kensington Residential Partners showcasing, either individually or as a collective, a commitment to the improvement of emerging markets across the African landscape.”
The 40-unit serviced residence provides a variety of studio and one- to three-bedroom apartments.
The property includes facilities such as a restaurant, coffee lounge, sky bar, rooftop garden and basement parking. Guests can relax and rejuvenate in the gymnasium, outdoor pool or spa.
The International Monetary Fund forecasts that Africa’s economy will be the second fastest growing in the world with an annual growth rate of 4.3 percent from 2016 to 2020. Ghana is ranked Africa’s fifth most attractive investment destination. Its foreign direct investment increased by nine percent to a record $3.5 billion in 2016.