In response to supply chain issues worldwide, Emirates Stallions Group (ESG) has purchased shares in two interior design firms with offices in Abu Dhabi: a furniture manufacturer and an interior design firm.
The International Holding Company (IHC), a subsidiary of an Abu Dhabi stock exchange listing, recently revealed that it had paid undisclosed amounts to buy 60% of furniture company Vision Furniture and 45% of interior design and engineering services provider Decovision.
The Presidential Palace, Emirates Palace, Etihad Towers, and Marriott’s The Edition were among the projects completed by Decovision, the company said in a statement to the Abu Dhabi Securities Exchange (ADX).
According to ESG Chairman Matar Suhail Ali Al Yabhouni Aldhaheri, domestic products are more in demand than ever, given the global difficulties with supply.
“We regard the acquisition of two prominent brands, Decovision and Vision Factory, as a strategic market expansion move, as it will produce a complete, high-quality solution for designs and furnishings that is inclusive of and available to the local market,” he added.
According to the organization, Emirates Stallions Group works in real estate, construction, and investing throughout 12 markets in the Middle East.