DUBAI, 23 January 2007 — Abu Dhabi-based Arkan Building Materials (Arkan) PJSC and the Saudi firm Construction Production Company (CPC) have signed a new deal to establish up to six limited liability factories for producing building materials and one logistic support cargo company in Abu Dhabi.
The 750-million dirham deal memorandum was signed yesterday by senior executives of the two companies at Arkan headquarters in Abu Dhabi.
“This new agreement will introduce a new technology in the construction industry in the UAE. The CPC enjoys a long experience and outstanding reputation in the construction materials field. And the new industrial complex will provide great supply service to all construction projects regardless of their scale, which will help speed up the pace in these projects and reduce their costs,” said Arkan CEO Salem Bin Mohammed Al-Zahiri.
“As our thorough study of the market indicates, I trust that this new partnership will open new possibilities in the construction market in the UAE.
“We at Arkan supervise the work on all engineering and architect designs, and follow up with the execution of the project at all its different stages,” he said.
“The CPC has decided to export its new concepts outside Saudi Arabia, and to establish its first Gulf extension in Abu Dhabi, based on the boom of construction we witness in the UAE generally and in Abu Dhabi in particular.”
