S.S. Lootah sign MoU with Italian TEC.INN

As a first step, an MoU signing ceremony took place at the municipality of Assisi, a historical city in Perugia, Italy.

The signing ceremony was witnessed by His Excellency Claudio Ricci, Mayor of Assisi and His Excellency Luciano Rossi, a member of the Italian Parliament.

Mr. Rashid Lootah, Executive Director of S.S. Lootah Contracting was also present along with a number of senior executives from both the companies.

TEC.INN, a leading construction major in Italy, specializes in research, development, testing and installing of advanced materials and innovative technologies and focuses particularly on conservation, retrofit, strengthening, improvement and the structural restoration of any type of civil, industrial buildings and infrastructures.

TEC.INN has also tested and patented highly sophisticated technological retrofit-strengthening systems aimed to mitigate dynamic (seismic, wind, traffic, etc.) and blast effects on structures that can put at risk critical equipment and personnel in the buildings.

TEC.INN will collaborate with S.S. Lootah Contracting, the flagship company of the Group, as a technology and resource partner, which will expand the scope of S.S. Lootah's core offerings to cater to the demands of the growing infrastructure industry in the UAE and the region.

The company will bring to the joint venture its vast skilled human resources who will contribute their intellectual and technological know-how.

Eng. Yahya Lootah, Vice Chairman and CEO of S.S. Lootah Group commented, 'This partnership will bring unique services to the region that will add value to the growing construction sector and help nurture local talent in offering specialised services.'

Eng. Emo Agneloni, Chairman, TEC.INN Innovative Technologies commented, 'We are extremely pleased with our partnership with S.S. Lootah. We are confident that our strong partnership will cater to the market growth and demand for special services.'

The collaboration with S.S. Lootah will also provide TEC.INN with a gateway to enter the Gulf Construction Market. Over the past 10 years, S.S. Lootah International, the global investment and business arm of S.S. Lootah Group, has established progressive alliances with a host of international business majors across key industry sectors like construction and energy.

The company recently established wholly-owned subsidiaries in India and Canada.
About S.S. Lootah International

S.S. Lootah International (SSLI), the global business and investment arm of the Dubai-based conglomerate S.S. Lootah Group, focuses on innovative and eco-friendly entrepreneurial initiatives and projects that cater to national and regional economic growth and delivers tangible, economic, social and environmental benefits.

Envisioned in 1999, SSLI has made quick strides to become a key entity handling multi-billion dollar development projects in Asia, Africa, Europe and North America.

SSLI will continue to build progressive alliances with key stakeholders across various industries (energy, construction, industrial, telecommunications, environmental research and sustainable development sectors) and pursue knowledge creation and sustainable models across all its business endeavors. S.S. Lootah International recently established wholly-owned subsidiaries S.S. Lootah Asia and S.S. Lootah Canada to provide a gateway to the respective markets.