$1bn Philippines’ Startup To Open Office In Dubai

by Dubai-Mubasher

Revolution Precrafted, a Philippine-based major developer, is planning to open an office in Dubai within the coming three months, the company’s CEO Robbie Antonio has said.

With a capital of over $1 billion, the Filipino startup builds pre-fabricated made-to-order homes at affordable costs.

Antonio stressed his company’s keenness on the inauguration of an office in Dubai to firm its foothold in the region, Arabian Business reported.

“We want to put an office in every region in the world, and for the Middle East it is going to be Dubai,” he said.

The top official also revealed that the company is projecting to expand in the Middle East and North Africa (MENA) , especially in Morocco, Egypt, and Saudi Arabia.

Revolution Precrafted has inked various deals in the GCC including a $3.2 billion transaction with Seven Tides, a Dubai-based luxury developer, to design, supply and install two- and three-bedroom condominium apartments and villas in the World Islands.

PH Company Secures Billion-Dollar Deal With Dubai Firm

by The Filipino Times

A local designer and supplier of prefabricated structures in the Philippines has set a $3.2B deal with Dubai firm Seven Tides to develop parts of “The World” located in the waters of the Persian Gulf.

The World is a collection of 300 artificial islands which represent the world’s continents and countries, reported Inquirer.

Robbie Antonio, founder and CEO of Revolution Precrafted, said that the developers aim to build two-to-three bedroom luxury apartments and villas in the area which will be priced at $150,000 to $1.5 million.

Antonio added that developments are set to happen in nine islands in The World soon and that the construction will begin in the so-called Coronation Island.

The company currently tries to broaden their market by being more price sensitive. The current target markets are home buyers from Russia and Europe.

Aside from targeting the Russian and European market, Revolution Precrafted also plans to reach 20 more countries in the next 12 months, including Myanmar and other key markets in Southeast Asia.

Antonio-led Firm Bags $3.2-billion Dubai Deal

by VG Cabuag, Business Mirror

REVOLUTION Precrafted Properties Philippines Inc., a company led by one of the sons of former Ambassador Jose E.B. Antonio, said it bagged a $3.2-billion deal that will supply Dubai-based luxury property developer Seven Tides Ltd. to manufacture and supply prefabricated condominium apartments and hotel villas.

The precast units will be built on Dubai’s man-made archipelago “The World Islands,” which is composed of some 300 artificial islands designed to resemble the global map. Envisioned to rival the Palm Jumeirah as one of the most prominent landmarks in the United Arab Emirates, the project was spearheaded by government-owned Nakheel Properties and is the brainchild of Sheikh Mohammed Bin Rashid Al Maktoum, the ruler of the Emirate of Dubai.

“We are proud and excited to partner with one of the best property developers not only in Dubai, but in the world. We will manufacture sophisticated, design-driven, precrafted condominium apartments and hotel villas, consistent with the kind of luxurious structures the public have come to expect from us and Seven Tides,” said Jose Roberto R. Antonio, founder and CEO of Revolution Precrafted.

Antonio, who is also managing director of listed firm Century Properties Group Inc., said he is also targeting to list his company “beyond 2020” when the company hits $10 billion in value.

To reach such goal, Antonio said the company has to snag projects in different parts of the world.

“It’s not just entering countries; we’re proliferating there,” he told reporters on Monday. “There could be two, three, four, five projects [in one country].”

Revolution Precrafted is a supplier of prefabricated houses, pavilions and other structures. It has partnered with 72 of the world’s artists and designers.

The agreement between the company and Seven Tides pertains to the design, supply and installation of two-bedroom to three-bedroom luxury condominium apartments and villas to be premanufactured, shipped and assembled on The World Islands.

The deal, worth about P166.512 billion in current exchange rates, was finalized after a monthlong negotiation, according to Antonio.

“We decided to partner with Revolution Precrafted because we believe in their vision and capabilities in creating elegant, bespoke but functional prefabricated homes, pavilions and related structures,” Seven Tides CEO Abdulla Bin Sulayem said.

The Dubai-based company will spearhead the site development and the overall infrastructure of the islands. It will also be handling the construction of the jetty, the landscaping of the islands, and the construction of the provisions for the main utility services.

Based on the agreement between the two companies, the Coronation Island is the first one to be completely developed and populated, and will be done in phases, due to its sheer size. The island, in the southern portion of the project, measures 2.2 million square feet.

Revolution Precrafted will have exclusivity on the design, supply and construction of the condominium apartments and villas on this island.

The Dubai project is part of Revolution Precrafted’s global expansion. The company is setting its sights on at least 20 countries this year.