A joint cooperation protocol
A joint cooperation protocol between Avalanche Electromechanics and the “Al-Nubar Trading Establishment”
The protocol includes the work of Avalanche for electromechanical works as a subcontractor and consultant for Al Nubar Trading Company, and the exchange of benefits from the experiences of both parties and cooperation in implementing joint works.
Al-Nubar Trading Company signed a cooperation protocol with Avalanche Company for electromechanical works, as part of the former’s endeavor to contract with companies specialized in some of the activities in which it operates, including electromechanics, where Avalanche Company carries out ventilation, fire-fighting, and air conditioning and refrigeration works.
The protocol involves Avalanche Electromechanical Works acting as a subcontractor and consultant for Nubar Trading Company, exchanging expertise and collaborating to execute joint projects with high efficiency and in a short time frame.
The signing of the protocol was attended by Engineer Yasser Jameel, General Manager of the Contracting Sector at Nubar Trading Company, and Engineer Ehab Wafaie, Managing Director of Avalanche Electromechanical Works.
Nubar Achieved 200 Million EGP in Business Last Year
Engineer Yasser Jameel, General Manager of the Contracting Sector at Nubar Trading Company, stated that his company achieved a business volume of 200 million EGP last year and aims to achieve a business volume of 400 million EGP by the end of the current year, 2019. He noted that this year has seen a diversification in the range of clients the company works with, including the Ministry of Military Production, the Ministry of Health, the Engineering Authority of the Armed Forces, and the National Service Projects Organization.
About Nubar Trading Company
He added that his company operates in both contracting and supply activities. It was established in 1969 by its founder, Engineer Mohamed Abdo, who belonged to the generation that participated in the national projects carried out after the July 23, 1952 Revolution, such as the High Dam project and other major electrical projects that were established afterward. At that time, the company’s main activities were in the field of specialized electrical supplies and installations, in addition to electromechanical and architectural contracting. The company subsequently obtained an exclusive agency certificate in Egypt and Sudan for RielloAros Italian-brand U.P.S devices, which prevent power outages, since 1976, as well as ORTEA-brand Stabilizer devices (voltage regulators), which it still holds today.
Jameel revealed that the company’s activities have continued to expand and grow in the contracting sector, advancing through the categories of the Egyptian Federation for Construction and Building Contractors, reaching the third category for integrated works, the first category for supplementary works, and the fourth category for electromechanical works. He noted that his company is now an authorized distributor for Alcatel and Ericsson LG central systems globally, as well as an authorized distributor for surveillance and alarm systems and automatic fire-fighting systems.
Nubar Aims for a Billion EGP Business Volume Next Year
He confirmed that his company aims to achieve a business volume of one billion EGP during the next year, 2020, by competing for and securing major projects in new cities, especially the New Administrative Capital. They also plan to sign a partnership agreement with one of the largest Italian contracting companies after establishing its branch in Egypt. He noted that the company’s shareholders also have investments in ceramic supplies, sanitary ware, home furniture, and an Italian restaurant chain, which are considered sister companies to his company.
He explained that the contracting sector was significantly affected during the year of the Egyptian pound floatation by the decision of the Central Bank of Egypt in November 2016. This led to some contracting companies ceasing their activities, while those with experience and a good reputation in the market continued. Currently, there is a higher demand in the contracting sector than the supply of contracting companies.
Participation in the Dar Misr Project in Fifth Settlement
He indicated that his company is implementing part of the Dar Misr project in the Fifth Settlement area of Cairo in cooperation with the Engineering Authority of the Armed Forces. The company also built the Social Housing Mosque in the Sixth of October City and handled contracting and supply works for branches of Banque Misr and the National Bank of Egypt, as well as many branches of foreign banks, such as CIB, QNB, Crédit Agricole, Ahli United, Egyptian Gulf Bank, and the National Bank of Kuwait.
He added that his company is distinguished by delivering its projects ahead of schedule, which has given it a significant competitive advantage in the market alongside work efficiency and quality performance. He mentioned that his company is carrying out electromechanical works for eight branches of Carrefour and is executing works for three new branches of the same chain. The company is also handling works for the branches of the National Bank of Kuwait in Al Masa Hotel in the New Administrative Capital.
The Company Executes Oncology Institute in Minya and Monitoring Center in Imbaba
He revealed that his company is executing contracting works for the Oncology Institute Hospital in Minya for the Ministry of Health, as well as the Environmental Monitoring Building in Imbaba. The company’s client list also includes Misr Petroleum Company, Wasatani Petroleum Company, Etisalat Misr, and Durat Al-Kinana Real Estate Investment Company, which is of Kuwaiti nationality, with whom they have collaborated on real estate projects in both the Fifth Settlement and Sixth of October City.
About Avalanche Electromechanical Works
Engineer Ehab Wafaie, the Executive Director of Avalanche Electromechanical Works, stated that the cooperation protocol is part of his company’s expansion plan and aims to achieve a business volume of 200 million EGP during the next year, 2020, compared to achieving a business volume of 70 million EGP during the current year. He pointed out that the company aims to increase its paid-up capital from 40 million EGP currently to 150 million EGP in three phases over the next three years, in order to support the company’s financial stability, facilitate its expansions, and implement its modernization and development plan.
Wafaie added that Avalanche Electromechanical Works has been operating in the Egyptian market since 2007. It is an Egyptian joint-stock company with extensive experience in the Egyptian market, working in the fields of electromechanical works, maintenance, as well as electromechanical operations, which include ventilation, fire-fighting, air conditioning, refrigeration, and cold room works.