Monday 5 December 2022

Gulf Dynamic targets 25pc surge in 2017 sales

DUBAI, August 8, 2017

Gulf Dynamic Services (GDS), a subsidiary of Masharie - the private equity arm of Dubai Investments - is targeting a 25 per cent increase in sales in 2017 in light of the surging demand for fit-out solutions across the region.

The Sharjah-headquartered company is looking at expanding its portfolio and has undertaken a number of hotel and university projects in the UAE as part of its strategic growth plans, aimed at complementing its existing portfolio.

GDS is currently finalising its interior work contracts for a hotel in Jaddaf, another hotel in Jumeirah Beach Residence (JBR), Balamand University in Dubai Investments Park (DIP) and FedEx offices across the Mena region, among other projects.

During 2017, the company completed a number of projects, including a 38-villa development for Al Moosa Real Estate, the FedEx headquarters, a hotel in Dubai Production City, branches of ADCB, DIB and UNB, a fine-dining restaurant at Dubai International Financial Centre (DIFC) and headquarters for Kings College Hospital in Dubai.

“Gulf Dynamic Services is on the verge of a strong growth curve, with increased construction activity and renovation projects in the UAE, which is leading to more demand for interiors, joinery and the fit-out sector. This will augur well for GDS in 2018 and 2019 and the company expects to achieve growth in the range of 25 per cent to 40  per cent, reflecting the strength of its expertise and the growth potential on offer in the sector,” said El Tayeb El Hag Yousif, general manager of GDS.

With its wide portfolio, GDS is today an integral part of many prestigious architectural and commercial projects across the UAE and GCC.

“The company’s success stems from a strong commitment to operational excellence and it is bullish about the growth in the coming years,” added El Tayeb. – TradeArabia News Service

Tags: Fit-out | Masharie |

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