Revenue prospects for SLJB in Middle East
This is one of the reasons I am a holder of SLJB stock right now. I don't know how many of the newbies here are aware of their link to Emaar and how promi$$$ing it is...
From web postings/stories in Aug. and Sept.:
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Posted by: jmhollen on Wednesday, September 27, 2006 at 11:22:40 PM on earningswhispers.com:
UAE firm to build $43bn Pakistan city
ISLAMABAD: Pakistan gave approval in principle yesterday for Emaar Properties of the UAE to go ahead with a $43 billion project to build a model city near Karachi.
Emaar, which will have 85 per cent equity in the project, will develop two islands, Bundal and Buddo, near Karachi into a city with state-of-the-art facilities, Ashfaque Hasan Khan, an adviser to the prime minister, told reporters.
"It will be just like another Dubai," Khan said later. "It will consist of everything. Residential buildings, theme parks, offices, just about everything."
"We want to build it because it will create new jobs, bring in investment, create new housing and a new city," he added.
Pakistan's Port Qasim Authority will hold 15pc in the form of land, Khan said after a meeting of the Economic Co-ordination Committee, the country's top-decision making body on economic issues.
The project is expected to take about 13 years.
Khan said approval in principal for the project had been given after all formalities were completed. Legal documents would be completed within three months.
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Sulja Bros. Building Supplies Releases Revenue Details of Construction Projects in Middle East
WINDSOR, ON -- (MARKET WIRE) -- August 02, 2006 -- Sulja Brothers Building Supplies, Ltd. (PINKSHEETS: SLJB) is meeting with Consultech Construction Management and Emaar Properties, in Germany, to finalize a major construction and supply agreement.
A Wessal International Group spokesperson commented: "The deal with Emaar Properties will generate $124 million in revenue over the next 12 months for Sulja Brothers."
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My opinion, the next step would be for Sulja to supply building materials to Emaar for their megabillion dollar business dealings in Pakistan and rest of Middle East.
