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FINANCIAL NEWS
AAF eyes expansion in UAE, Qatar
01 Jun 2010
(MENAFN) The Marketing Director of Al Aqili Furnishings (AAF) said that the company is set to expand its operations in Abu Dhabi and Doha with major openings slated for later this year, Reuters reported.
The group has also registered a positive first half with over $37 million win in contracts for projects around the GCC as well as having successfully completed two high profile projects.
The company also conducted an internal review assessing the health of the regional furnishings industry and the level of growth experienced by key sectors, including flooring, fabrics, furniture, lighting and turn-key solutions, since the start of 2010.
In Dubai, most major projects slated for 2010 ? like the Burj Khalifa and Meydan – got completed as the procurement and development funds were strategically phased and allocated in advance.
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