Landscaping firm inks deal with Turkish company

ABU DHABI - Emirates Landscape Est., a local company, has entered into a joint venture agreement with a Turkish firm to take part in the upcoming horticulture and landscaping projects in the capital.

By A Staff Reporter

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Published: Mon 11 Aug 2003, 11:48 AM

Last updated: Wed 1 Apr 2015, 10:11 PM

The two parties agreed on Saturday to set up a joint venture with the local company having 51 per cent of shares while the Turkish company, Agac. A. S., will own 49 per cent stake in the business.

Mohammed Khalfan Al Dhairy, Chief Executive of Emirates Landscape Est., said that the Turkish company, which is a subsidiary of Istanbul Metropolitan Municipality, has expertise and a massive infrastructure for nurseries. After finalising the joint venture, Mr Al Dhairy said: "We would have access to their experience, expertise and infrastructure. It will enhance our capacity to work on bigger projects".

He said during the four years of its existence, Emirates Landscape Est. had worked on various projects related to landscaping, beautification, tree plantation, arrangement of parks, creation of green belts alongside roads etc. in the city.

Hussain Akay, Director of Istanbul Metropolitan Municipality, said that his company Agac. A.S has a long list of national and international projects to its credit. The company has a team of engineers and technicians who can turn barren land into a beautiful garden. The company also has plans to set up joint ventures in other emirates and other AGCC countries.

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