Thursday 28 October 2021

Khind delivers innovative lighting systems for major Dubai projects

DUBAI, September 12, 2021

Khind Holdings, a Malaysian electricals, industrial and consumer electronics and appliances manufacturer, has announced a major expansion of its energy efficient and innovative lighting products in the region that will help reduce energy consumption and environment footprint as well as serve the growing number of new homes that are set for delivery.
The announcement comes as 41,000 new apartments and villas are being handed over in Dubai and another 15,000 in Abu Dhabi this year, according to property consultancy Asteco. 
The market is also likely to see 1.5 million sq ft of additional office space this year, a figure that could go up if projects that were put on hold or delayed last year will resume activity. 
In Saudi Arabia, the largest Arab economy, around 60,000 residential units have been handed over in 2020, bringing the total residential supply to 1.3 million and 835,000 in Riyadh and Jeddah, respectively. 
While the total stock for Makkah and Dammam Metropolitan Area (DMA) stood at 400,000 and 363,000, respectively. These houses and offices would drive the demand for lighting products in the region.
Khind Holdings, which is celebrating 60th anniversary this year, has reported a 31.88 per cent jump in topline revenue hitting RM478,99 million in 2020, up from RM363.20 in 2019.
According to Khind, its products will light up many of the major residential units as well as commercial, retail and hospitality projects being delivered in Dubai this year.
A global smart solutions provider for cooling and lighting, Khind said its lighting range caters to a wide variety – be it individual, household or industrial needs everything related to lights and lamps, whether for house, garden, office, shop, or the property in general. 
Its vast products have been divided into a number of categories, including, panel lights, projects lights, rechargeable emergency lights, rechargeable LED lights, rechargeable portable lamp, streetlights, high bay, floodlights and downlights, LED bulbs and tubes.
"Lamps do not just light up your room, they are part of our lifestyles. Light fittings, just like a new piece of furniture, can completely change the appearance of your room," remarked its Group CEO Adil Mistry.
"Whether you are building a new home, renovating, or simply just feel like a change, Khind lights are the go-to option for customers. That’s why, we have expanded our lighting portfolio to have the widest collection of lighting products under one brand that fits into the needs of any and every customer – be it individual, family or industrial units or a public facility, a shopping mall or a cinema hall," he added.
Saudi Arabia represents 30.5 per cent revenue share of the Middle East’s lighting fixture market followed by Turkey with 15.4 per cent, UAE with 13.6 percent and Iran capturing 11.8 per cent of the market share. 
Over the coming years, countries including UAE, Jordan, Lebanon and Qatar are expected to record rapid growth owing to higher demand of lighting fixture solutions, the report said.
According to another report by Allied Market Research, the Europe and Middle East industrial and commercial Light-Emitting Diode (LED) lighting market size was valued at valued at $6.03 billion in 2018, and is projected to reach $21.96 billion by 2026, registering a CAGR of 17.2 per cent from 2019 to 2026.
The global lighting fixtures market is estimated to be about $16.34 billion in 2020, which is estimated to reach $19.15 billion by 2026.
Jos Paul, the senior operations manager and SBU head for Khind (Middle East and Africa), said: "As the market in the GCC grows due to the delivery of new residential, commercial, retail and hospitality properties, we at Khind have also up the ante with expanded energy-efficient lighting portfolio to help our clients in the Middle East."
"Our next-generation cost-effective and innovative lighting products will help property owners save money over the life-cycle of the properties with extended life, warranty and lower maintenance cost, backed up with our excellent customer services," he added.-TradeArabia News Service


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