
The Al Habtoor Leighton Group (HLG) has entered into an agreement with ISG, a leading UK-based fit-out construction company, to merge their respective interior fit-out businesses to focus on the growing UAE and greater GCC markets.
Under the agreement, Al Habtoor Interiors will merge with ISG’s Dubai-based project management company to form a new company, to be known as Al Habtoor ISG (HISG), which will quickly become one of the region’s leading interior fit-out companies, says a company spokesman.
In support of the anticipated growth, the parties will jointly invest up to Dh80 million ($21.78 million) in the venture over the next three years.
The joint venture will focus on providing a range of services that include: integrated fit-out solutions in combination with HLG’s building capabilities; project management and associated consultancy services; and interior fit-out contracting to the retail, hotel, residential and corporate sectors and to ISG’s multinational clients active in the region, the spokesman concludes.