GULF DEVELOPMENT INTERNATIONAL
Gulf Development International and CIMC-MBS Ltd announce collaboration agreement on modular construction program.
(London, United Kingdom, 10/1/2017) Gulf Development International (GDI) and CIMC-MBS Ltd are pleased to announce a collaboration agreement to deliver commercial, hospitality, and residential modular construction solutions to portions of the Middle East and North Africa.
GDI will introduce CIMC-MBS to potential customers, intermediaries, and others in relation to implementation of CIMC-MBS’ proprietary systems and products for projects in the region in the capacity of a development manager, distributor, or investor. CIMC-MBS, the world’s largest provider of modular buildings and modular building systems, has developed an innovative process that can reduce lead time and project costs. GDI brings proven experience and oversight to ensure on-time and on-budget implementation of complex real estate development projects.
“Partnering with CIMC-MBS allows GDI to demonstrate a competitive advantage in a region of the world that is poised for tremendous growth,” said George Creel, GROUP CEO and Executive Director for GDI. “The cost reduction, improved quality, and time-to-market improvements provide GDI with a competitive advantage and benefits that will be passed along to our clients.”
The initial agreement is for a two-year term.
About Gulf Development International, Ltd:
Gulf Development International Ltd (GDI) is a global leader in residential, commercial, and industrial development. The GDI team has delivered more than $50 billion USD worth of developments, including some of the most iconic developments in the world. Recognizing the challenges of quality and efficiency when developing projects in emerging markets, GDI partners with world-class leaders in design, construction, and operations to create an unparalleled development process to execute exceptional projects.
About CIMC-MBS Ltd:
CIMC-MBS Ltd is the business division of CIMC Group, a publicly-listed company on China’s Shenzhen Stock Exchange specializing in providing modern transportation and equipment services. Founded in 2004, CIMC-MBS has progressively built up a portfolio of global clients ranging from internationally-recognized hotel operators to the world’s largest resource companies. Building across a number of sectors including Hotel and Hospitality, Student Accommodation, Residential, and Workforce Accommodation, CIMC-MBS is also capable of providing finance support to its clients.