OTC: ILUS, ILUS International (Ilustrato Pictures International Inc) Confirms Middle Eastern Market Plans in Response to Increased Demand and Opening of Saudi Arabian Office, in Addition to Recently Opened Dubai Office
March 09 2022 - 9:23AM
InvestorsHub NewsWire
NEW YORK, NY -- March 9, 2022 -- InvestorsHub NewsWire -- ILUS
International Inc (OTC:
ILUS) is a Mergers and Acquisitions company focused on
acquiring and developing public safety technology-based companies
across the globe. Due to recent events and the corresponding
increased oil price, increased demand on defense and associated
rescue vehicles, as well as several multi-billion-dollar
construction projects in the Middle Eastern region, solutions from
within the ILUS businesses are in high demand.
In addition to its existing factory and offices in Dubai, United
Arab Emirates, ILUS recently opened an office in Dubai which can
accommodate up to 75 staff members. The office, which is home to
members of the ILUS finance, administration, sales, and marketing
teams, is located on the 11th floor of the Marina
Plaza building in Dubai. This week, ILUS is signing the lease for
its new US office in Boca Raton, Florida which will accommodate up
to 20 members of its team, primarily in management roles.
Furthermore, in response to the increased demand in the Middle East
and specific requirements which require local facilities to fulfil
contracts, ILUS is exploring several options for offices and
facilities in Riyadh, Saudi Arabia.
With the rising oil price which is expected to climb to over
$140 per barrel, ILUS is already fielding new requirements from oil
and gas customers in the Middle East. Historically, ILUS
acquisitions, The Vehicle Converters (TVC), FireBug, and BCD Fire,
have significantly increased their revenue during periods of
increased oil prices and ILUS is already seeing a repeat of this
trend. Having been involved in several companies in the Middle
East, ILUS management has previously experienced the increased
capital expenditure in the region that takes place when the oil
price increases. The increased oil price leads to increased capital
expenditure in the sector, not only in refinery and general
infrastructure upgrades but also in renewed maintenance of
firefighting vehicles and equipment. The Middle Eastern markets
will inevitably increase production to fill the void left by
sanctions on the Russian market. This puts ILUS in an even stronger
position as the company has already seen an increased demand for
TVC and FireBug vehicles as military and international
organizations have been shoring up their defense and rescue vehicle
fleets in response to the conflict in Ukraine.
Prior to the increasing oil price, Saudi Arabia itself was
already seeing a massive boost in its non-oil economy. Coupled with
the increasing oil price, the country is experiencing an even
greater economic boom, fueling its increased demand for solutions
from within the ILUS stable. ILUS management and senior team
members from within its acquisitions hold several strong
relationships with senior officials and key decision makers in the
region, which has already led to promising contract
discussions. ILUS has previously mentioned its targeting of
contracts linked to the $500 billion Saudi Arabian NOEM project,
for which the first phase is due to be completed in 2025. The
company is progressing with opportunities related to this and
additional construction projects in the country. Many of the large
requirements in Saudi Arabia require local support on the ground
which is an additional factor that has influenced ILUS’ decision to
open an office and maintenance facility in the
country.
In further Middle Eastern developments resulting from heightened
demand, BCD Fire is currently obtaining regional permits to
distribute fire alarm cable in the Middle East and is in the
process of finalizing an OEM supply contract with a large global
fire alarm cable manufacturer. The company has previously imported
more than 5 shipping containers per month when the strong economy
in the region led to increased capital expenditure on
infrastructure. BCD Fire has in recent months increased its staff
complement to over 60 personnel in order to obtain licensing for
the fulfillment of larger installation and maintenance contracts.
The company has been completing various projects in Dubai and is
also receiving repeated requirements for the supply of large
volumes of fire alarm cable and a wider range of fire protection
products which it will now distribute to customers and partners.
The significant additional revenue generated from distribution
sales will lead to increased margin for contracts which BCD Fire is
currently installing, given that miles of fire alarm cable are
often required for each building where the company installs its
fire protection systems.
With substantial growth taking place for ILUS in the Middle
East, the company is conducting final stage interviews for its new
General Manager for the Middle East, who will report into the ILUS
board of directors. This role is currently being fulfilled by ILUS
board member, Daniel Link, who due to his extensive experience in
the Middle East, has looked after the operational functions of the
ILUS businesses in the region, whilst also originating deals for
ILUS internationally. In a positive strategic move by the company,
Daniel will be transitioning over to lead the ILUS Renewables
Division in Southeastern Europe and the Middle East. Daniel’s role
will include management of the new ILUS facilities in Southeastern
Europe and of new companies being brought into the ILUS group which
are soon to be formally announced.
ILUS Managing Director, John-Paul Backwell, commented: “Both
Nick and myself have been involved in various companies such as
FireBug in the Middle East, which previously saw a huge influx of
business when the oil price increased and when there were large
construction projects related to sporting events, smart city
developments and simply the general push by Middle Eastern
countries to attract more attention than their neighbors. We are
seeing the same thing happen at the moment as the Middle Eastern
market invests and upscales. I know we are in the best position
than we have ever been to capitalize on the increased capex in the
region. For example, we are already seeing requirements to build
new rescue vehicles for oil and gas customers, to armor plate
ambulances and humanitarian aid vehicles, to supply rapid response
firefighting vehicles for a chain of hotels, to build rescue drone
prototypes for testing in the UAE, to import and supply container
loads of fire alarm cable and equipment, and even to design
customized health and safety training for a group of 32 independent
schools in the Middle East. It’s this and more which drives the
urgency of our new facility requirements in Saudi Arabia, following
on from our new offices in Dubai. In the same way that we are
laying a strong foundation in the US with both manufacturing and
distribution capability being acquired and with more on the way, we
are also gearing up for extensive growth in the Middle East,
where we are already well positioned to execute. We look forward to
updating Shareholders on our more significant new deals in the
Middle East soon, as well as updating on our new Boca Raton offices
and on much more exciting news as it happens over the coming
weeks.”
For further information on the companies, please see their
communication channels:
Website: https://ilus-group.com
Twitter: OTC_ILUS
Email: IR@Ilus-Group.com
Source: ILUS
Related Links
https://ilus-group.com
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Note: ILUS Coin does not sit within ILUS International Inc
(Ilustrato Pictures International Inc), so the public are
recommended to follow the correct Media Channels relating to the
public company OTC: ILUS.
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