UAE's Tech Group targets $108m revenue for 2015

Tech Group's aluminium and glass contractor arm is nearing the completion of contracts worth $16.3m, group CEO has announced

AluGlass Tech is nearing the delivery of $16.3m contracts [Representational Image]
AluGlass Tech is nearing the delivery of $16.3m contracts [Representational Image]
NEWS, Materials, Ajman, Building materials, Construction, Expansion, Northern Emirates, Production, Supplies, Tech Group, Uae

AluGlass Tech has announced it is nearing the completion of multiple contracts worth $16.3m (AED60m).

The projects include residential and commercial facilities, a medical centre and the Al Zorah Resort and Golf Club project in Ajman. 

Shiraz Hasa, the group CEO of Tech Group, said: "We are in the completion phase of almost a dozen major projects in Ajman including 42 golf villas, and the Al Zorah Resort, with a two tower hotel, and 15 villas."

"Since 2013, we have been able to achieve double-digit year-on-year growth for Tech Group, which is a significant increase as we closed the year 2014 at $98m (AED360m) in revenue."

"The revenue target for the year 2015 is even more aggressive as we are geared up to break the $108.8m (AED400m) mark.

"We are also upgrading our production capacity due to a high demand of our concrete, steel and wood products and services in Dubai and the Northern Emirates," Tech Group's CEO added. 

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