Type to search

News

Emaar unit buys stake in Leaders Fort Contracting

Emaar Industries & Investments (EII) has acquired a significant stake in the UAE-based Leaders Fort Contracting.

Leaders Fort has extensive expertise in specialised works including concrete repair technologies, industrial & trafficable flooring, waterproofing, protective coatings, MEP works among others.

In a statement, EII said it aims to help the new acquisition explore opportunities for potential partnership on mega projects in the UAE, the oil and gas and military sectors as well as into other GCC markets.

Nasser Batha, Chief Executive Officer of Emaar Industries & Investments, said: “The acquisition of a significant stake in Leaders Fort Contracting is a strategic fit to our focus on investing in leading UAE-based companies that have high growth potential.

“LFC has a strong track-record in providing specialised services for the construction sector, which fits well with our investment strategy.”

Established in 2006, Leaders Fort Contracting has undertaken works for several prestigious clients such as Burj Khalifa, The Dubai Mall, Dubai International Airport, Abu Dhabi International Airport, The Presidential Palace, Mafraq Hospital, Al Ain Stadium, Yass Mall and Julphar pharmaceutical facilities, among others.

Tags: