IBIS Technologies FZC and Nexus54, LLC today announced a joint venture to server UAE market jointly for their customer needs.
Dubai, UAE -- (SBWIRE) -- 01/23/2015 -- IBIS Technologies FZC and Nexus54, LLC today announced a joint venture to server UAE market jointly for their customer needs. Organizations combine strengths to provide 360 degree branding solutions in Dubai.
The joint venture combines the global resources and expertise of IBIS Branding, Nexus54 and their several brands. The joint venture will operate under the name of Nexus54 from its Dubai office, including its production unit for interior fit out, corporate event branding & exhibition design services. The joint venture will capitalize on the strong reputation of Nexus54 as a leading exhibition and event branding service provider and on IBIS' strength in the digital marketing, web design & lead generation services.
"This agreement represents each organization's strong commitment to provide customers with a single source for the best branding services in town" commented Zaheer Abbas, CEO of IBIS Branding. "This joint venture expands the Nexus54exhibition and event management offering into a total branding solution." Said Tayyeb Sheraz, Director Client Services at Nexus54
The joint venture will combine several lines of branding business of both companies. These brands include Printosh®, SEOTurn & YallaSite®. Now our valuable clients will have one source for all their branding, design, promotion, printing, manufacturing and installation needs.
The UAE market to be served by the joint venture is approximately $150 million, with substantial growth expected over the next several years due to Dubai nomination for Expo 2020. It is anticipated that the joint venture will be able to capture a significant share of that market, and accordingly, the annual revenues within the next two to three years are expected to be in excess of $20 million.
Nexus54 was founded in the year 1999, located at one of the world's fast growing city Dubai. Nexus54 is one of the quality provider in UAE industry which continuously provides business solutions mainly for exhibition stand, business branding and commercial fit outs. Nexus54has served big brands including UAE Football League, EMAAR, Majid Al Futtaim, Etisalat, Cartier, Yas Marina Circuit, Victoria's Secret, Top Gear Promotion, Techno Park, TCS Express, Smart world, Renault Car, Reem Investment, Mediapro, Delwood, Motivate Publishing, JAFZA, DMG Event, Chamber of Commerce, RTA, ADCB Bank, Institute of Applied Technology, Emirates NBD and Oman Municipality.
About IBIS Technologies
IBIS Technologies started its digital marketing business in 2003 in UK and expanded its presence to Middle East in 2007 with first fully support and delivery office in Cairo, Egypt. In 2013, IBIS started its legal presence in UAE and started serving directly to its UAE based customer from its Ajman Free Zone Office. Seeing exponential growth of IBIS branding business during the 2014, the owners of both IBIS and Nexus54decided to merge both companies to Nexus54and run both business under one fully-equipped office and manufacturing unit from Ras Al-Khore Industrial Area starting 2015.
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