Example of interior fit-out accomplished by Gulf Dynamic Services

Example of interior fit-out accomplished by Gulf Dynamic Services

GDS targeting 30 per cent growth

It sees growth opportunities in the ongoing construction boom and is eyeing greater business in the hospitality field

March 2014

Gulf Dynamic Services (GDS) – a subsidiary of Masharie LLC, the private equity arm of Dubai Investments PJSC and one of the leading names in turnkey interior fit-out solutions, is targeting 30 per cent year-on-year growth in turnover during 2014, riding on the demand for quality fit-out solutions amidst an ongoing construction boom in the region.

The company is aggressively looking at expanding its portfolio across Saudi Arabia, Africa and the Iraqi towns of Erbil and Basra, among other markets. GDS is also eyeing opportunities in the hospitality sector in the UAE and the region to complement its existing project portfolio.

Sharjah-based GDS, which operates in Dubai as Labtec Interiors, is associated with a number of iconic projects including banks, retail outlets, corporate offices and residential units in the UAE and has witnessed strong growth over the last two years following the resurgence of construction activity. The company achieved 60 per cent increase in turnover in the last year alone.

“Gulf Dynamic Services is eyeing strong growth this year and continuing our upward trajectory since 2012. Buoyed by the booming construction activity and a great growth potential in interiors and the fit-outs sector, we expect to grow by over 30 per cent in 2014, which will further reinforce our market reputation. Our success is underpinned by a strong commitment to operational excellence and adherence to agreed deadlines,” said El Tayeb El Hag Yousif, general manager of GDS.

With prestigious projects under its belt, including the Dubai Insurance Building interior refurbishing, over 13 branches of Union National Bank (UNB) and the Abu Dhabi Islamic Bank (ADIB) building in Erbil among others, the company is now aggressively targeting the booming hospitality sector.

“We have undertaken various projects in some iconic lifestyle developments for the Damac Group as also accomplishing projects for Four Seasons – a leading hotel group. We are bullish about our growth in this sector and are also pitching for a new project in Basra,” added El Tayeb.

GDS, operational for over 30 years and employing over 275 employees across its headquarters and various project sites, is well known for its professional and service-oriented approach in the field of joinery and turnkey interior fit-out solutions and is today an integral part of many prestigious architectural and commercial projects in the GCC.

Masharie, a subsidiary of Dubai Investments, is one of the Gulf’s leading investment companies which focuses on mergers and acquisitions through strategic equity partnerships. Since its inception in 1998, the company has forged equity partnerships with a number of business enterprises that offer strong growth potential and today boasts of 12 investments across diverse sectors. Operating in a number of businesses from interior design to industrial, Masharie looks to build companies that become, or remain, leaders in their respective fields dedicated to providing first-class service to customers.

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