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 25 per cent growth in turnover this year as demand for quality fit-outs continues to increase with hectic construction activity in the UAE and GCC countries.
The company is looking at expanding its portfolio across the Gulf, particularly in Saudi Arabia and Qatar, as also in Africa and Iraq. GDS, which achieved 20 per cent increase in turnover in 2015, is also eyeing opportunities in the hospitality sector in the UAE and region to complement its existing project portfolio.
Sharjah-based GDS has undertaken various projects for the Damac Group and also completed projects for other hotel operators. The company is currently working on two hotel projects for Dubai Properties, a four-star hotel for Bin Hareb Group, a 42-villa development for Al Moosa Real Estate and two university campuses.
“Gulf Dynamic Services is eyeing strong growth this year. Buoyed by the booming construction activity and great growth potential in interiors and the fit-out sector – particularly the hospitality projects – we expect to grow by over 25 per cent in 2016, which will further reinforce our market reputation,” said El Tayeb El Hag Yousif, general manager of GDS.
Some of the other projects under GDS’ belt include the Dubai Insurance Building interior refurbishing, over 13 branches of Union National Bank and the Abu Dhabi Islamic Bank headquarters in Erbil, among others.
The company is associated with a number of projects including banks, retail outlets, corporate offices and residential units in the UAE and has witnessed strong growth in the last two years. “Our success is underpinned by a strong commitment to operational excellence and we are bullish about our growth in spite of business challenges,” added El Tayeb.
GDS has been operational for over 30 years and employs over 475 employees across its headquarters and various project sites.
Parent company Dubai Investments currently has over 40 subsidiaries and joint ventures under its portfolio.