Emaar Industries & Investments (EII), a member of Emaar Properties, has acquired a significant stake in the UAE-based privately owned Leaders Fort Contracting (LFC), a leader in specialised construction.

EII already has a significant roster of business entities that it supports, all of which offer services in the fast-growing manufacturing and industrial sectors, a statement said.

EII will contribute to developing LFC’s business activities and strengthen market share including exploring opportunities for potential partnership on mega-developments in the UAE and expansion to other GCC markets. EII will also support LFC in expanding its footprint into the oil and gas, and military sectors in addition to supporting LFC in building its service portfolio.

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. As a company with a specific focus on strengthening the industrial and manufacturing sector of the UAE, we will continue to explore such opportunities that add value to our stakeholders, while enabling the growth of our new partners,” he added.

Mohammed Bazzari, chief executive officer of Leaders Fort Contracting, said: “The partnership with Emaar Industries & Investments will enable us to secure long-term growth through strategic business activities and a wider geographic footprint. Our specialised services are sought-after in the market, and we bring over a decade of expertise of working on large-scale projects across the UAE. We are now set to enter a new era of growth, supported by the expert counsel and investment support offered by EII, across all aspects of our operations. The investment will also enable us to create new jobs in our sector.”

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