21 January 2017
Dubai – LABTEC LLC, a leading player in design, manufacturing, installation and commissioning of laboratory furniture and a part of Masharie LLC – a subsidiary of Dubai Investments PJSC, has won projects worth AED 11 million in the UAE and Eritrea to supply and installation of laboratory furniture and fire-rated doors.
The new projects won by LABTEC include an AED 6.6 million contract for supply and installation of fire-rated doors in the AED 6.6 million ANWA by Omniyat Tower in Dubai Maritime City and an AED 1.3 million supply and installation of fire-rated doors for a three-star hotel in Al Jaddaf, Dubai.
LABTEC has also won AED 1.04 million contract from Al Taweelah Alumina, an Emirates Global Aluminium [EGA] project to construct a Greenfield alumina refinery in Khalifa Industrial Zone Abu Dhabi for laboratory furniture and fume cupboards; and a Letter of Intent from United Nations Development Programme [UNDP] for a AED 2.88 million contract in Eritrea, Africa.
The company is currently negotiating projects to supply fire-rated doors and wardrobes for a number of projects in Dubai, with total contract value exceeding AED 28 million. The ISO-9001 certified LABTEC, which operates an 8,000 square metre facility in Sharjah, is also eyeing expansion in Kenya amidst surging demand for laboratory furniture solutions.
Muhammad Tariq, General Manager of LABTEC, said: “The demand for high-quality laboratory furniture and fire-rated doors and cupboards are on the rise, amidst a surge in the healthcare and infrastructure projects in the UAE and region. The new contracts are testimony of LABTEC’s reputation and adherence to delivery standards and schedules. The company is looking at expanding its presence in Africa, with Kenya a key focus market.”
The Company has also supplied to a number of projects in Africa, including Arba Minch, Ethiopia worth AED 3.36 million – completed in 2016, Ostuka Pharmaceutical in Egypt [AED 500,000] -completed in 2016], EVA Pharmaceuticals in Egypt [AED930,000 – completed in 2016] and in advanced negotiations for hospital and university projects in Ethiopia and other parts of Africa.
LABTEC has also finalized plans to supply the Forest Stewardship Certification [FSC] products in the GCC as part of its green building concepts.
Since its inception in 1981, LABTEC has carved a niche in laboratory furniture & fittings, Fume Cupboards, Special Counters etc. used in the laboratories of hospitals, schools, universities, research centres, industries etc.
About Dubai Investments PJSC:
Dubai Investments PJSC is a leading investment company listed on the Dubai Financial Market with over 19,800 shareholders and a paid-up capital of AED 4 billion. Incorporated in 1995, the company has grown exponentially with investments in a number of businesses across three core sectors – real estate, manufacturing & industrial and financial investments across the UAE and the Middle East.
Since inception, Dubai Investments has challenged the norms and introduced cutting-edge technologies, pioneering business models, unique investment strategies and innovative concepts across its diversified portfolio spanning different sectors and markets across the globe. Dubai Investments currently has over 40 subsidiaries & joint ventures under its portfolio, across a wide array of industries and continues to seek new investment opportunities in new sectors, locally and internationally, as part of its strategic expansion plans.
© Press Release 2017
© Copyright Zawya. All Rights Reserved.