Italian facade company Permasteelisa Gartner in joint venture for UAE, Saudi Arabia

Alliance with Albaddad Capital will see partners pitch for complex regional projects

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Manoj Nair, Business Editor
1 MIN READ
In UAE and Saudi Arabia, big-ticket projects continue to flow out of the pipeline.
In UAE and Saudi Arabia, big-ticket projects continue to flow out of the pipeline.
Bloomberg

Dubai: The Italian facade company Permasteelisa Gartner M.E. has entered a joint venture that will see it launch operations in the UAE and Saudi Arabia. Its partner is Albaddad Capital, which operates dual headquarters in Dubai and Saudi Arabia.

The initial plans from the JV are on establishing a specialist curtain wall production facility. This will take on façade projects in the region.

The partnership will use Permasteelisa Gartner Middle East’s track record in the 'design, delivery and installation of complex architectural façades' .

The alliance will have access to a 'purpose-built' production facility in Jebel Ali, spanning 44,749 square meters with an indoor built-up area of 20,000 square meters to fabricate curtain wall systems.

Lee Marks, Chief Operating Officer for Permasteelisa Group, said: “This partnership will have a notable impact on the way we deliver façade projects in the region.

“We bring unparalleled expertise in the delivery of complex, high-performance façade engineering and design, which, coupled with Albaddad Capital's significant localised manufacturing capacity, regional market knowledge, and fast-track delivery capabilities creates a powerful player in the market.”

The Permasteelisa Group became active in the Middle East in 2002. It has completed over 50 major projects.

Manoj Nair
Manoj NairBusiness Editor
Manoj Nair, the Gulf News Business Editor, is an expert on property and gold in the UAE and wider region, and these days he is also keeping an eye on stocks as well. Manoj cares a lot for luxury brands and what make them tick, as well as keep close watch on whatever changes the retail industry goes through, whether on the grand scale or incremental. He’s been with Gulf News for 30 years, having started as a Business Reporter. When not into financial journalism, Manoj prefers to see as much of 1950s-1980s Bollywood movies. He reckons the combo is as exciting as it gets, though many will vehemently disagree.
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