|
|
Article: United Arab Emirates: Al Khayyat Investments takes 50% stake in ALNO Middle East.
- Article from:
- TendersInfo
- Article date:
- June 10, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: sandesh03
Al Khayyat Investments L.L.C., a Dubai-based diversified holding company, has acquired 50%stake in ALNO Middle East (AME), a producer of kitchens and wardrobes furniture in the Jebel Ali Free Zone, to further accelerate the company's growth as equal partners.
The new development will further strengthen the ALNO international brand leveraging Al Khayyat's network and experience. It is projected that AME's turnover will double annually in the medium term.
'In Al Khayyat Investments we have found the ideal partner for our strategy of dynamic growth in the booming markets of the Middle East,' said Dr. George Kellinghusen, CEO ALNO ...