Business | Property

Efeco to buy 30,000 LG air-conditioners

At a signing ceremony at the Burj Al Arab in Dubai, Emirates Falcon Electromechanical LLC (Efeco), a subsidiary of Arabtec Holding specialising in mechanical, electrical and plumbing (MEP) works, concluded a deal with LG Electronics and its local representative, Fortune International Trading, to purchase 30,000 air conditioning units worth approximately Dh70 million.

  • Staff Report
  • Published: 00:11 June 4, 2008
  • Gulf News

Dubai: At a signing ceremony at the Burj Al Arab in Dubai, Emirates Falcon Electromechanical LLC (Efeco), a subsidiary of Arabtec Holding specialising in mechanical, electrical and plumbing (MEP) works, concluded a deal with LG Electronics and its local representative, Fortune International Trading, to purchase 30,000 air conditioning units worth approximately Dh70 million.

Efeco will install these units in more than 6,000 villas that it has under contract at various projects in Dubai.

These projects include the Shaikh Mohammad Bin Rashid National Housing Programme at Oud Muttena, Al Warqa and Al Barsha; projects for Emaar at Emirates Hills and Arabian Ranches; the new Al Bawadi development; villas for the Dubai Silicon Oasis Authority; and villas for Shaikh Holdings' Sanctuary Falls development.

Signatories

The agreement was signed by K.W. Kim, President of LG Electronics, Middle East and Africa; Baassiri of Fortune International Trading and Sa'ad Taher of Efeco in the presence of Riad Kamal, the CEO of Arabtec Holding, and executive managers of the three companies.

Speaking at the occasion of the signing, Kamal said, "This agreement comes as a consolidation of Arabtec's long-established relationship with LG Electronics and Fortune International, which saw the successful supply of air conditioning units to thousands of villas built by Arabtec Construction and fitted by Efeco in Dubai in the past. It is also in our strategic interest to secure necessary long-lead supply materials for our projects to ensure timely handover of these projects to investors."

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