UAE-based Mulk Holdings has formed a joint venture with Park International and Silver Heights Real Estate for providing aluminum structures and facades in the US.
According to media reports, the new venture, called Alubond, has already received five major orders valued at around $100mn for big projects in the US. However, Nawab Shahji Ul Mulk, chairman of Mulk Holdings, has indicated that these projects are intended to be executed once post-pandemic conditions are achieved. The JV is expected to be one of the many global-scale expansions being undertaken by Mulk.
Meanwhile, John Hwan Park of Park Investments, said that Alubond will help the company expand in the US while meeting the demand for high-quality homes and other fixed assets. Park Investments operates in the US, UAE, South Korea as well as Bosnia-Herzegovina.