• HSBC

S.S. Lootah eyes more opportunities in Turkey

  • United Arab Emirates: Sunday, August 13 - 2006 at 11:14
  • PRESS RELEASE

S.S. Lootah International, the international business 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 in 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.
Eng. Yahya Bin Saeed Al Lootah, Vice Chairman, S.S. Lootah Group. 
Eng. Yahya Bin Saeed Al Lootah, Vice Chairman, S.S. Lootah Group.
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Notes and Media Contacts »

For more information, please contact:
Mr. Hassan Mohalal
S.S. Lootah International
M: +971-50-4515041
T: +971-4-2972222
F: +971-4-2971183

About S.S. Lootah International

S.S. Lootah International was envisioned in 1999 as the international business arm of S. S. Lootah Group leading its national, regional and global business growth in the 21st century. Over the past years, we have forged successful alliances, partnerships and joint ventures with leading international companies across key industries.

Today, S.S. Lootah International has become the name behind multi billion dollars development projects in markets that caters for over 5 billion people, stretching over Asia Africa and Europe. Based in Dubai, United Arab Emirates, a world-class business and leisure hub, S.S. Lootah International business philosophy reflects Dubai's dynamism through pioneering successful projects that is critical to the needs of national and regional economic development and growth. Besides being a unique business expertise and know-how exchange platforms, our ventures facilitate knowledge creation that address pressing issues and global challenges.

With capabilities to develop, manage, support and finance some of the largest projects in the construction, industrial, telecommunications, energy, environmental research and sustainable development sectors, S.S. Lootah International will continue to pursue strategic partnerships with leading businesses worldwide.

It's our pride at S.S. Lootah International to serve the ever growing development needs, in our region and beyond, with sustainable projects that benefit people, the economy and future generations. We will continue to take the lead with entrepreneurial initiatives, following the legacy of S.S. Lootah Group, founded and chaired by Haji Saeed Ahmed Al-Lootah in Dubai in 1956.

The extraordinary portfolio that carries the hallmark of the visionary Haji Saeed Bin Ahmed Al Lootah includes the first contracting company in the UAE in 1956, the first Islamic bank in the world , Dubai Islamic Bank, in 1975, Schools, a technical institute a medical and treatment research centre, an environment research , to name but a few. The legacy of the Lootah family continues with the second generation carrying out a series of projects involving cutting edge technologies as the region seeks to take its rightful place in the forefront of development in the 21st century.

S.S. Lootah Group diversified business profile includes: Construction, Islamic Banking & Finance, Energy, Telecommunications, Environmental research, Consultancy, Finance, Trade, Manufacturing, Retail, Property, Hospitality and Education.

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