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13 August 2006, Dubai, United
Arab Emirates:-
S.S. Lootah International, the global
business and investment arm of S.S. Lootah
Group, announced its participation in the
inaugural "UAE Trade Exhibition in Turkey"
to be held in Istanbul from 13-15 September
2006. The exhibition is organized by Dubai
Chamber of Commerce & Industry (DCCI), Jebel
Ali Free Zone Authority (JAFZA) and Dubai
Tourism and Commerce Marketing (DTCM) and
designed to build business relationships
between the two countries to support the
growing bilateral trade.
Eng. Yahya Bin Saeed Al
Lootah, Vice Chairman, S.S. Lootah Group
stated that the "UAE Trade Exhibition in
Turkey" creates a new channel for the
business communities in both countries to
forge partnerships. "Turkey has a diverse
and strong economy that has evolved economic
policies of privatization, venture capital,
hi-tech entrepreneurship and deregulation at
par with the world's top economic powers"
said Lootah.
"We look forward to forge new
partnerships with Turkish companies that
share the same values and vision of S.S.
Lootah Group" he added.
S.S. Lootah International has
long established relations with Turkish
businesses in the energy, construction and
telecommunications sectors among others.
Currently supporting major natural gas
projects in Turkey, Lootah BC Gas, the
regional business arm of Terasen
International Inc., provide specialized gas
infrastructure services to the Palmet-Terasen
joint venture.
The government of Turkey has
issued licenses to private companies for the
distribution of natural gas as part of its
privatization program. Privatization of
existing licensed distribution companies has
also started parallel with the issuing of
new licenses. "We are proud to be among the
first companies to support the building of
natural gas distribution infrastructure in
Gebze, one of the largest industrial centers
in Turkey and Erzerum, a densely populated
residential city" said Lootah. "The economic
and environmental benefits of using natural
gas to provide the energy needs of more than
60,000 residential and commercial buildings
are remarkable and have a direct impact on
cost savings, and improving of public
health" he added.
S.S. Lootah International has
served the national and regional development
needs with pioneering sustainable projects
that benefit people, the economy and future
generations. S.S. Lootah has taken the lead
in promoting sustainability across all
business and social practices at national,
regional and global levels. The latest
initiative, International Energy Group (IEG),
launched in Dubai last September, aims to
promote, develop and manage commercially
viable, clean and renewable energy projects
in the Middle East region.
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