Advanced Building Industries Co. — Capital/Financing Update 2003

Aug 6, 2003

ZAMIL INDUSTRIES ANNOUNCES STEEL SECTOR AWARDED CONTRACT WORTH SAR 22 MILLION FOR SUPPLY OF STEEL TOWERS TO UAE

2240 · 06/08/2003 09:01:47 · Announcement #4947 · View on Saudi Exchange

ZAMIL INDUSTRIES ANNOUNCES STEEL SECTOR AWARDED CONTRACT WORTH SAR 22 MILLION FOR SUPPLY OF STEEL TOWERS TO UAE

Zamil Industrial Investment Company announced that its steel sector business -Zamil Steel Industries (ZSI), a global leader in the manufacture of pre-engineered steel buildings and the Middle East?s premier supplier of steel structures, transmission and telecommunications towers, open web steel joists and floor decks, has been awarded a SR 22 million contract to design, fabricate, test and supply 7,500 metric tons of power transmission steel towers to Civil Contracting and Construction Company of the Sultanate of Oman. The end user of the unique solution is the Federal Electricity and Water Authority (FEWA) of the United Arab Emirates (UAE). ?The unique aspect of this project is that it is the first time overhead power transmission in the UAE will feature multi circuit towers and the specifications of the contract will be met through ZSI?s Towers and Galvanizing Unit (T&G), which produces premium galvanized steel towers for electrical transmission projects, telecommunications projects and various other specialized lattice steel structures,? said Mr. Saleh Al Zamil, Vice President, T&G Unit, ZSI. Included in the undertaking is the supply of specially designed steel towers for 23 km of a 220/132kv multi circuit transmission line; 37 km of a 220kv double circuit transmission line; and 20 km of a 132kv double circuit transmission line over a period of 12 months. ZSI forms one of three sector businesses of Zamil Industrial Investment Company (ZIIC), the international manufacturing and fabrication group - which in addition to the activities undertaken through ZSI ? also provides leading air conditioning and architectural glass processing solutions through Zamil Air Conditioners (ZAC) and Zamil Glass Industries (ZGI) in order to meet the requirements of the global construction industry.

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