Leading UAE construction group ASGC has boosted its expansive portfolio of services with the purchase of the majority shares in the local unit of Australian façade contracting company, JML UAE, based in Dubai.
The purchase complements ASGC’s strategy in being the UAE’s most trusted full-service contractor, providing customers with control over all aspects of project design and build, said a statement from the company.
JML UAE was set up in 2006 as the regional representative of the top façade contractor headquartered in Newcastle, Australia. The company offers full turnkey solutions from complex design and engineering to manufacturing and site installation.
The company has proven expertise as an architectural façade and glazing specialist in Australia, the UK, Hong Kong, Singapore and New Zealand.
In the UAE, the company has worked on many prestigious projects, such as Dubai Festival City, Dubai Metro Red and Green Lines, the Palm Jumeirah monorail stations, Abu Dhabi International Airport, Dubai International Airport, and Bluewaters Wharf Retail. They also undertake projects in Bahrain and Saudi Arabia.
JML currently has key projects to deliver for Expo 2020 including Al Wasl offices and Hotels, the Sustainability Pavilion, and the entire Dubai Metro extension.
Both ASGC and local unit of JML had a successful collaboration even before this acquisition with two major projects in the UAE, which are the forthcoming the Mohammed Bin Rashid Library and the Expo 2020 Sustainability Pavilion, that have paved the way to signing the deal.
On the acquisition, CEO Bishoy Azmy said: "ASGC is exceptionally pleased to welcome JML UAE into the portfolio. The company’s extensive expertise and reputation as a leading façade contractor adds great value to our existing services with world-class experience and capabilities."
Shaun Duncan, the general manager of JML UAE, said it was indeed a very exciting time for the group. "ASGC has built a prestigious name for itself through involvement with iconic projects, and we are thrilled to be part of the company’s expansion and growth plans."
"JML will continue to work on all existing projects, with the added benefit of ASGC’s immense portfolio of manpower, design and technology solutions. We look forward to supporting ASGC in both existing and upcoming projects," he stated.
Even before the acquisition, ASGC had owned the majority of its supply chain and utilises mostly in-house resources. This gives it a high degree of control over project quality and delivery.
ASGC already employs more than 16,000 construction specialists and workers in the UAE, including five subsidiaries – Assent, EB, ASU, HPBS, and ASI, it added.