UAE’s Mulk Holdings, Park Investments enter US market; Secures $100mn worth contracts

By Shilpa Annie Joseph, Desk Reporter
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Mulk Holdings International
Representational Image

The UAE-based diversified multinational business conglomerate Mulk Holdings International has entered into a partnership with the property development company Park International Investments and Silver Heights Real Estate to establish Alubond USA.

This joint venture will focus on the production and distribution of exterior façade materials such as Alubond brand of Aluminium Composite Panels (ACPs), glass and aluminium facade elements, solid surface, and roofing shingles.

According to the statement, ALUBOND USA has already secured supply contracts worth more than $100 million for five major projects in the United States. The alliance brings together two industry titans, Mulk Holdings International and Park International Investments, to lead the charge on exterior facades as the US economy returns to pre-pandemic levels.

Mr. Samir Munshi, Founder of Silver Heights Real Estate, has noted that the joint venture Alubond USA provides a platform for exploring new pathways and reaping the benefits of new demand growth.

Nawab Shaji Ul Mulk
Nawab Shaji Ul Mulk
Chairman
Mulk Holdings International

“We are very excited to announce this important partnership with Park International Investments and Silver Height Real Estate. Together we are going to explore major project development and construction activities in the United States. I am happy to announce that, together with our partners, we have secured more than $100 million worth of supply contracts in the US. As the global economy recovers following successful vaccination drive worldwide, we at Mulk Holdings International have launched a major global expansion drive that will see our company expand into new territories and grow business substantially to meet the growing demand worldwide. Alubond USA is part of this global expansion.”

“This partnership will help us leverage on our combined strengths and help us build on the core strengths of both the companies and help us expand our businesses and meet the growing demand for quality homes and other assets. Alubond’s product range is a perfect fit to the US market and we are very excited with this joint venture partnership which will help us to accelerate our projects in the United States and beyond,” said Mr. John Hwan Park, Chairman of Park Investments.

Related: Emirates Steel looks to boost support for UAE’s downstream industries

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