October 08, 2008

Chinese firm to open unit in Dubai

China Architectural Engineering, which designs and installs curtain wall systems of glass, steel and stone for commercial applications and has won a contract for Dubai Metro has announced that it will open a subsidiary office in Dubai in 2008.

Mr Ken Y Luo chairman & CEO of China Architectural Engineering said the expansion to Dubai is aimed at targeting the massive construction boom in the region. He said “CAE has a long term commitment to the Middle East and foresees significant future demand for construction projects from Dubai and other cities in this region. We are in the process of setting up a subsidiary in Dubai this year to capture this significant demand.”

Mr Y Luo added that “The Dubai Metro project promises to be our largest effort yet outside China, with potential revenue far beyond that of the initial contract. As a major step forward in CAE’s expansion strategy, it will serve as an announcement of CAE’s arrival in one of the largest construction markets in the world.”

Work on both Dubai projects is expected to be finished by the second quarter of 2009.