Posted by Neil King
Power Factor Electromechanical Works has secured contracts to provide the complete mechanical, electrical and plumbing (MEP) works for three new projects in the UAE including one in Dubai Sports City (DSC).
The projects include a 23-storey residential and commercial tower in DSC, a 25-storey residential and commercial tower in Al Khan, Sharjah and an 18-storey commercial tower in Al Mamzar, Sharjah.
Power Factor said that the contracts have a combined value of AED 49.8 million.
"Even as many companies remained passive in their strategic response to the market downturn, Power Factor continued to focus its efforts on increasing its operational efficiency and business agility," commented general manager Hesham Ismail.
"This proactive approach has allowed us to successfully capitalise on new market opportunities."
Duabi-based Power Factor is a subsidiary of Masharie, the private equity arm of Dubai Investments.
In addition to its MEP offering, the company focuses on developing advanced technology solutions for a range of markets including transportation, banking, telecommunications, defence, universities, hospitals and retail.