Al Aqili Furnishings posts 42pc growth
Dubai, November 26, 2008
Al Aqili Furnishings (AAF), the region’s leading flooring specialist and interior solutions giant, announced a 42 per cent growth in turnover in the first three quarters of 2008, solidifying their position as the leader in the furnishings industry.
This increase concurs with future plans to further enhance AAF’s market position within the UAE in addition to their regional expansion efforts to serve the entire GCC market.
'At Al Aqili Furnishings, we push the envelope across the furnishing and design industry and its sectors, setting the industry standard for flooring and interior related segments,' said Shahriar Khodjestah, AAF’s group marketing director.
'Against the current global financial downturn, we will continue to build upon our current success across all our divisions by continually focusing upon widening our commitment to providing clients and consumers with top delivery of products and services,” he added.
A large proportion of AAF’s remarkable growth can be attributed to the vast number and variation of corporate projects that the company has secured and delivered throughout 2008, reflecting the steady increase in regional business.
Several large scale corporate projects completed by AAF include the Dh6.5 million ($1.76 million) Workers’ City in Abu Dhabi with over 200,000 sq m of PVC Vinyl fitted in the facility.
In addition, the flooring division has supplied and fitted 40,000 sq m flooring materials worth over Dh5.5 million to Dubai Studio City, as well as an Dh4 million Dubai Airport Freezone project where they provided 45,000 sq m of carpet tiles from the American supplier Shaw Industries.
Other large scale projects executed by AAF include Abu Dhabi’s prestigious Ferrari City and Al Raha Village as well as Harvard Medical School and JAL Hotel in Dubai, in addition to the complete furnishing projects of Bin Drai’s The Place and Fakhruddin Properties’ Coral International Hotel Apartments.
AAF’s presence in the market was reaffirmed last year when they were presented with an award from global flooring manufacturer, Shaw Industries, which saw AAF placed third in the world for sales volume for the company which is the largest producer in the world.
Their success has continued recently with record orders being placed with key suppliers including the largest single order of half a million sq m of exhibition carpet from Belgian manufacturer Beaulieu and a staggering 35,000 sq m of high end carpet from Fabrica of the US.
'We have increased the capacity of our inventory as we now stock over 2 million square metres of flooring products, worth over Dh40 million.'
'This gives us the competitive advantage of supplying to our clients on time and looking after our multi-layered and sophisticated market relationships as a contractor, distributor and retailer,' Khodjasteh added.-TradeArabia News Service