Day: November 14, 2021

DUBAI, EDGE Group entity, GAL, a leading regional provider of integrated aircraft sustainment solutions for military and civilian customers, has been awarded an exclusive Performance-Based Logistics (PBL) contract to supply the UAE Air Force and Air Defence (AFAD) with maintenance, repair and overhaul (MRO), and specialised support services.

For the first time in the company’s history, the three-year AED11 billion PBL contract will see GAL support the AFAD with their operational readiness while providing comprehensive safety and flexibility. The agreement solidifies GAL’s position as one of the Middle East’s leading providers of aviation MRO services and will also streamline AFAD’s processes, align synergies and optimise manpower.

Sheikh Mohammed bin Hamad bin Tahnoon Al Nahyan, Vice Chairman, GAL, said: “Being awarded the PBL services contract by the UAE Air Force and Air Defence is a real honour. It underscores our performance excellence and reliability as one of the region’s leading MRO service providers. With the combined strength of our team, we will leverage our cutting-edge capabilities to service AFAD’s fleet and ensure optimised operational readiness, safety, and self-reliance.”

He added: “We are confident that this collaboration will provide strong foundations for future growth and enable us to continue fulfilling our longstanding vision of addressing customer needs with agility and precision.”

Khalid Al Breiki, President – Mission Support, EDGE, and Managing Director of GAL, said: “This agreement is testament to GAL’s continued growth and overarching goal of delivering innovative solutions to meet complex MRO and supply chain requirements. At a time when safety and security are of the utmost importance, it is a privilege to serve our nation and to contribute to the mission readiness of its air force. In line with this priority, across EDGE, we are building our capabilities to enable a secure future for the UAE and beyond.”

He additionally said: “Signing this contract represents the trust our team has built with the UAE Air Force and Air Defence, allowing us to further grow our workforce of UAE nationals, and, most importantly, providing world-class support to our customer’s growing fleet. I am very proud of GAL’s progress in working with the UAE Armed Forces and partners to integrate global best practices towards ensuring aircraft readiness and deployability.”

The PBL arrangement allows military customers to seek aviation MRO services organised under a cost per flight hour model, and also facilitates ongoing improvements.

In partnership with the world’s largest original equipment manufacturers (OEMs) and maintenance repair and overhaul (MRO) service providers, GAL helps its clients achieve exceptional fleet readiness.

GAL is part of the Mission Support cluster at EDGE, an advanced technology group which ranks among the top 25 military suppliers in the world.

Source: Emirates News Agency

DUBAI, Emaar Development PJSC (DFM: EMAARDEV), the leading build-to-sell property development business, majority-owned by Emaar Properties, achieved strong performance during the first nine months (January to September) of 2021, with a strong contribution by exceptional inventory sales, and reinforced by recent successful launches creating value for the future. The developer reported its highest ever property sales of AED20.943 billion (US$5.702 billion) in the first nine months of 2021, an increase of 382 percent compared to the first nine months of 2020.

During the first nine months of 2021, Emaar Development successfully launched Golf Place Terraces, Palm Hills with Elie Saab and Majestic Vistas inspired by Automobili Lamborghini in Dubai Hills Estate, Palace Beach Residence and Beach Mansion in Emaar Beachfront, Caya and Bliss in Arabian Ranches III, and Nara in The Valley.

In the first nine months of 2021 (January to September), Emaar Development reported a net profit of AED2.384 billion (US$ 649 million) and revenue of AED11.604 billion (US$ 3.159 billion), an increase of 75 percent and 63 percent compared to the first nine months of 2020, respectively.

Emaar now has a sales backlog of AED 28.471 billion (US$ 7.751 billion), which will be recognised in the future as revenue for the business.

“The strong performance of Emaar Development underlines the strength of Dubai’s property sector, driven by the robust economic fundamentals of the UAE. Through the development of our exceptional lifestyle destinations, we are able to offer world-class residential choices, which stand out for their design, build quality and amenities, to our customers. These developments also serve as dynamic hubs, with outstanding amenities, including diverse retail and hospitality options, which energise the economy and create new jobs and business opportunities. Our successful strategy unlocks the true potential of our property development business, with the aim of delivering long-term value for our shareholders, as we continue to focus on consistently strengthening our core competencies,” an Emaar spokesperson said.

Emaar Development has delivered over 3,700 residential units during the first nine months of 2021 across prime locations, including Dubai Hills Estate, Dubai Creek Harbour, Downtown Dubai, Dubai Marina and Emaar South. As of September 2021, Emaar has delivered more than 51,000 residential units, with over 25,000 residences currently under development in the UAE.

Source: Emirates News Agency

DUBAI, The fourth edition of the Global Manufacturing and Industrialisation Summit (GMIS2021) will be held at EXPO’s Dubai Exhibition Centre from November 22-23, followed by side-events and conferences from November 24-27.

The GMIS2021 will convene chief executive officers and senior leaders from some of the largest global and local corporations to explore the latest advances in manufacturing technologies as organisations around the world continue to rapidly embrace digitalisation, shape new business models, and revitalise operations.

The six-day GMIS Week will feature over 125 global speakers, including the two-day GMIS2021 Summit on November 22-23, a Global Prosperity Conference and an Alternative & Renewable Energy Conference on November 24.

The Summit will also host The Green Chain Conference, a multi-stakeholder forum to explore the role of renewable energy solutions, socially responsible investments, and policy frameworks to accelerate the transition to a net-zero future. The conference will draw on over 40 global leaders from governments and the energy industry to promote public-private partnerships and highlight the importance of adopting Fourth Industrial Revolution technologies across the energy sector to advance the global green agenda.

The GMIS Week will also feature country-focused conferences in partnership with the United Kingdom, Australia, Germany, and Italy. In addition, the event will run a six-day manufacturing and advanced technology exhibition to showcase some of the UAE’s most innovative capabilities.

CEOs and senior leaders set to outline future manufacturing and technology trends while industry experts will discuss a wide range of topics, including the importance of digitally driven societies, the potential of Energy as a Service, and public-private partnerships to drive industrial growth.

A joint initiative between UNIDO and the Ministry of Industry and Advanced Technology of the United Arab Emirates, the Summit will gather over 125 leaders from local, regional, and global governments and organisations to explore the evolving integration of humans and machines, reinventing businesses, repurposing capabilities, and rewiring societies. The GMIS2021 agenda will spotlight topics such as Society 5.0, increasing digital mobility at work, sustainable manufacturing, gender equality, and the potential of Energy as a Service.

UNIDO Industrialisation Development Report: The Future of Industrialisation in a Post- Pandemic World will also be highlighted.

The Summit will hold sessions on green manufacturing practices, pathways to achieve net-zero emissions, the future of renewable energy, and the drive towards green investments. #GMIS2021 will also host a dedicated session to highlight the UAE’s recently launched industrial strategy, ‘Operation 300bn’, and its importance in transforming the nation into a diversified, industrial economy over the next decade.

Working together with the international organizations, organising committee and partners, GMIS aims to open up a dialogue between international and regional entities to ensure cross collaboration between industries.

Source: Emirates News Agency