Emaar Industries and Investments (EII), a subsidiary of Emaar Properties, has acquired a 60 per cent stake in Mammut Building Systems (MBS), one of the region's largest manufacturers of pre-engineered steel buildings (PEBs) and polyurethane-injected sandwich panels.

This partnership is in line with EII's ongoing strategy to expand into new growth areas – geographically and business-wise.
With the investment, EII will assist MBS in its plans to raise production capacity from 6,000 tonnes per month (tpm) to 12,000 tpm, and build a structural steel division. The expansion, to be completed within 12 months, will involve investments of around Dh40 million ($10.89 million).
"EII strengthens industries by investing in existing economically-beneficial and commercially-sound businesses in high-growth industrial and manufacturing sectors," says Dr Ahmad Khayyat, chief executive officer of EII. "We are focused on enabling the companies we invest in to incorporate international best manufacturing practices, improve corporate governance, provide a solid and flexible capital base and ensure sustainable cash flow. We also facilitate their regional expansion into new markets."
"EII's association with Mammut leverages on the growth of the construction sector in the region. There is a huge demand for building systems, especially PEBs, which is the core competency of MBS," he adds.
MBS, a division of Mammut Group, will continue its present management and administration structure with EII offering advisory support to streamline future growth strategies.
"EII will assist MBS in its regional expansion plans and strengthen its investment options," says Dr Khayyat. "Our association also aims at strengthening MBS' presence in Saudi Arabia, Qatar, Oman, Pakistan and Bangladesh and driving the company into new dynamic markets."
"Our partnership with EII will further strengthen our competitive advantage," says Behzad Daniel Ferdows, president and CEO of Mammut Group. "This association between two leaders will enable us to further our expansion plans for the region and leverage on the brand value of EII to enhance our customer interface and expand our value network."
"MBS is the first PEB company in the world to create three-dimensional drawings for all its buildings, thus achieving zero per cent detailing errors, which enables the construction of complex structures. We are also the first in the world to launch hi-tech purlins that allows big bay spacing between frames, and are pioneers in offering total solutions for all clients with our ability to design and execute a PEB and precast building. MBS also enjoys the global-first status for launching a special heat reflective painting for our PEB buildings," he adds.
MBS, established in 1997, provides PEB applications for factories, cold stores, distribution centres, warehouses, workshops, exhibition halls, showrooms, aircraft hangars, worker accommodation, supermarkets and shopping malls.
EII, a member of Emaar Properties, is a private joint stock company established in August 2005, to capitalise on the growth prospects of the Middle East and North Africa (Mena) and South Asian manufacturing sector as a strategic investor and partner. EII strengthens industries by investing in existing businesses and establishing joint ventures with leading establishments. Since inception, the company has succeeded in creating an impressive brand that inspires confidence in investors.
EII has an extensive portfolio of companies and joint ventures and serves as one of the primary conduits in channelling the region's vast pool of capital liquidity for sustainable industrial growth and development. EII has forged nine partnerships in less than two years, all of which have gained significant growth. EII is focused on maximising its subsidiaries' long-term value, exposing them to industrial best practices, improving corporate governance, providing a solid and flexible capital base and ensuring sustainable cash flow.