Service & trade to redefine interior fit-out market in Sri Lanka

• Enters Sri Lanka through joint venture with Hayleys

Hayleys Chairman and Chief Executive Mohan Pandithage with S&T Vice Chairman Waqas Al Adawi at the first board meeting of S&T Interiors

Services & Trade Co. LLC (S&T) is a leading interior fit-out and contracting company headquartered in Oman with operations across 14 countries. S&T has entered in to an exclusive joint venture agreement with the Hayleys Group to offer a complete range of interior fit-out contracting services in the Sri Lankan market. Under the JV agreement, a new company (S&T Interiors Ltd) has been formed to operate the interior fit-out business in Sri Lanka. This new venture will build on unique local marketing know-how and will be pivotal in expanding S&T’s presence in the country. The strategic alliance between S&T and Hayleys will position S&T as a frontrunner and game changer in the interior-fit contracting business in the country. Besides providing a considerable high-quality international level turn-key project management expertise it will also have an edge over existing players in offering interior fit-out solutions. Hayleys Chairman and Chief Executive Mohan Pandithage stated, “This strategic partnership will add immense value to the hotel industry in particular given the vast experience that S&T brings to Sri Lanka.” Hayleys Leisure and Aviation Managing Director Johann Wijesinghe said, “We are delighted to partner with S&T, a well-established global player in interior fit-out contracting for over 37 years. The luxury and infrastructure industry in Sri Lanka is in a growth phase. This gives us a unique opportunity to leverage expertise, innovation and international standards.” “The strategic tie-up with Hayleys is an important step in developing our global position. Sri Lanka is particularly an exciting and upcoming luxury market and we are committed to introduce the best-in-class project management and interior-fit out solutions substantially raising the bar and assuming a dominant position,” stated Director Business Development, Services & Trade Co. LLC K.S. Ravikumar. Services & Trade Group of Companies is a leading multinational and multiproduct conglomerate operating across 14 countries including Europe, Middle East, Asia and Africa. Established in 1977 in Oman, by two visionaries Brig. Gen (Rtd.) Suleiman Al Adawi and P.N.C. Menon, S&T is a world-class brand, trusted for excellence. The group operates from offices in London, US, Hong Kong, Brunei, Singapore, Dubai, Qatar, India, Sri Lanka and head quartered in Muscat, Oman. Over the past three decades, S&T has diversified into several businesses over and above its core activities of interiors and civil contracting into real estate, mining, information technology, healthcare, trading, FMCG and procurement for hospitality industry along with other non-operating investments. With the vision to transform the way people perceive quality, S&T has successfully grown its customer base and has a group turnover in excess of $ 200 million and employs over 4,000 people worldwide. Their flagship company, S&T Interiors and Contracting is well-established and reputed having executed landmark projects for palaces, luxury hotels, villas, high-end residential and commercial complexes. The company specialises in turnkey interior contracts, civil construction, joinery, soft furnishing, furniture manufacturing, decorative and carved gypsum works and specialist decorative painting works. S&T Interiors and Contracting operates across the globe with branches in Muscat, United Arab Emirates, United Kingdom, India, Qatar, Bahrain, Paris, Brunei and Sri Lanka.