14 August 2013

Anel Entered into an Agreement with Mashreq Bank for the 8th International Airport Project

A leading representative of Turkish engineering across the world, Anel signed a $106 million (AED 392 million) financial deal with Mashreq Bank, one of the largest financial institutions in the United Arab Emirates, without having the backing of a Turkish bank in the form of a contract guarantee, as a result of experience and credibility it has secured in the Gulf Region.

The Board Member of Anel Electric, Bülent Batukan and Mashreq Bank officials signed the deal at a signing ceremony in Dubai.

Turkey’s engineering company, Anel has installed the electrical infrastructure for Qatar’s new Doha International Airport. The airport is expected to be opened soon.

The total amount of business deals signed by Anel in 2013 (completed and in progress) has reached around $1.2 billion. Bülent Batukan said they had been continuing to enhance the value of their company by securing large contracts, both in Turkey and overseas, and added,

“During the past 27 years, Anel has undertaken many projects, ranging from large public housing projects to hospitals, technology centers to international airports, each of which required different engineering expertise. The prestigious projects we have completed with our high-end engineering skills give us an edge as an important electromechanical contractor, both locally and internationally. Nearly 80 percent of our current projects are repeat clients and this affirms the confidence we have in the quality of our services. with new deals we signed in 2012 totaling $471 million, our backlog by the end of 2016 reached around $600 million The contract we secured for the electrical infrastructure of the Abu Dhabi International Airport is part of a emirate-wide strategy to sustain its expanding commercial and tourism industries. This project is also a part of the Abu Dhabi 2030 Plan developed by the government of Abu Dhabi. The government expects the demand to increase in the coming years and plans to meet this rising demand by offering world-class services.  This 703,000 sqm terminal facility, which will handle 27 million passengers annually, will be visible from kilometers away and will be one of the most impressive architectural structures of the entire region.”Emphasizing that they represent Turkish engineering across the world, Batukan said, “As a Turkish company that undertakes successful projects internationally, we feel very proud on behalf of our country. We will complete The Abu Dhabi International Airport project, which is shaped around the promise of offering world class service, again  worthily to  Anel.”