AbuDhabiPR.com, Online Press Release from Abu Dhabi and Al Ain
 
Business, Banking and Investments(Banking & Investments)
Filter PR by
  
Emirates Stallions Group Pushes into Indoor Spaces Design and Product Manufacturing Markets with Two Strategic Acquisitions
 
Emirates Stallions Group Pushes into Indoor Spaces Design and Product Manufacturing Markets with Two Strategic Acquisitions

Abu Dhabi, UAE - 23, August 2022: Emirates Stallions Group (PJSC), UAE’s leading investment, engineering, and construction services business and subsidiary of International Holding Company (IHC), has acquired a substantial amount of shares in two of the UAE indoor spaces design leading companies to expand its business further into indoor spaces design and product manufacturing.  

ESG has acquired a 60% stake in Vision Factory, one the biggest furniture and joinery production facility in the UAE. The company has also taken a 45% stake in Decovision, the world-class quality interior design and engineering services provider. 

Matar Suhail Ali Al Yabhouni Aldhaheri, Chairman of Emirates Stallions Group, said: “These acquisitions come as part of our effort to continue expanding ESG revenues beyond engineering and construction. The indoor spaces design and product manufacturing will play a significant step in our growth strategy while revolutionizing the design experience in the local market.”

Vision Furniture and Decoration Factory, founded in 2003, operates a 24,000 square meter facility in Abu Dhabi, employing over 550 skilled workers to produce a wide range of furniture products, decoration, panelling, and doors. The business has recently expanded through the addition of upholstery production. 

Decovision is firmly established since 19 years to meet fast-growing demand for professional interior solutions, with a strong focus on engineering and project execution. The company has over 60 distinguished engineers and operates a state-of-the art factory in Mussafah in Abu Dhabi. Primary clients are a number of luxury hotels, major developers and contractors, and high-profile government-related enterprises in Abu Dhabi; and projects including the Presidential Palace, Emirates Palace, Etihad Towers, and Marriott’s The Edition.  
'Given the global supply challenges, domestic products are in higher demand than ever. We see a strategic market growth move with the acquisition of two leading brands, Decovision and Vision Factory, which will create a comprehensive quality solution for designs and furnishings that is inclusive and accessible to the local market,' Aldhaheri added.
The two acquisitions maintain the significant growth momentum of Emirates Stallions Group, which is now active in 12 markets, providing engineering, construction, development, and real estate management services. The company, which was established in 2006, listed on the ADX Growth Market in late 2020 with assets of over AED 500 million.

Posted by : Abu Dhabi and Al Ain PR Network Editorial Team
Viewed 201 times
PR Category : Banking & Investments
Posted on : Tuesday, August 23, 2022  11:58:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AbuDhabiPR.com.
Previous Story : AD Ports Group Wins 17 International Business Awards
Next Story : Abu Dhabi Chamber Showcases the Incentives of NAFIS Program
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
It's Your Story, Wear it your Way [8676-Views]
Perfect Matches, For You and Your Pets [6466-Views]
Meet the New Pandora Muses [6257-Views]
Twitter rolls-out testing of most requested update: The Edit Button [4588-Views]
Twitter Introduces Greater Control and Personalisation of the Platform with Twitter Circle [3681-Views]
Legally Blind Man See Hope Through the World's Largest LEGO® Eyeglasses [3027-Views]
Titan Watches Unveils Robust Expansion Plan in the Capital [2868-Views]
Lenovo Group: First Quarter Results 2022/23 [2835-Views]
July Passenger Demand Remains Strong [2201-Views]
UAE President appoints Sultan Yusuf Abdul Rahman Al Nuaimi [1957-Views]
Your Signature Style with Pandora [1899-Views]
Etihad Continues to Invest in the Us Market With Increased Flights & Expanded Partnership [1592-Views]
The UAE's Hamda Al Qubaisi Selected to Take the Wheel in Formula 3 Test [1273-Views]
Etihad Rail Signs Memorandums of Understanding at Innotrans 2022 with Leading International Railway ... [1148-Views]
Wizz Air Announces Major Expansion in Saudi Arabia [1048-Views]
The UAE Banks Federation Holds its Third CEOs Advisory Council meeting in 2022, with New Members Joi... [899-Views]
Start-Up of Unit 3 of Barakah Nuclear Energy Plant Accelerates Achievement of UAE Net Zero 2050 [822-Views]
Team Abu Dhabi Star Tops Qualifying With Dramatic Late Surge [794-Views]
Abu Dhabi Air Expo 2022 Chooses Etihad Airways As Official Airline Sponsor [595-Views]
Al Masaood Automobiles Partners with Dubai Islamic Bank to Offer Attractive Auto Finance Solutions [586-Views]
 
RSS Facebook Twitter LinkedDin AbuDhabiPR.com on Instagram
 
Top Sections
 
Top Stories