Fourzone, Shine sign $8m fit-out contract
DUBAI, January 11, 2017
Fourzone Décor, a UAE-based interior fit-out company specialised in hospitality projects, recently signed a Dh30-million ($8.16 million) hotel apartment project with Shine Properties, a leading construction company in the region.
Fourzone Décor will be handle all interior finishing work like flooring, ceiling, woodworks, furniture, furnishing and decorative lights for the hotel apartment project.
The hotel apartment project located in Business Bay will be managed by a leading international hospitality brand once completed and will target luxury travellers from the Middle East looking for premium furnished apartments.
Ajish Nambiar, marketing director of Fourzone Décor, said: “We are proud to begin 2017 with a new project for Shine Properties. We are extremely proud to be associated with Mohammed Salem Al Menhali, who is such a reputed builder in the market. We look forward working with him on other projects in the Kingdom of Saudi Arabia and Dubai.”
He added: “The construction sector is booming in this part of the world with Dubai being the most active construction market, so we are optimistic that the region’s interior and fit-out contracting industry will also grow. This is a situation that will continue this year as investors push ahead with projects to ensure delivery before Expo 2020 - so we are on track and we plan to keep it that way till the years to come.”
Recent reports indicated that the region’s interior and fit-out contracting industry will grow by nearly 20 per cent and the market is expected to cross $12.5 billion by end of 2017. The hospitality segments hold the majority of the total spends on interiors, followed by commercial and residential sectors. – TradeArabia News Service